Yerevan mayor Hayk Marutyan has decided that no events will be held in Yerevan to mark the 2803rd anniversary of the Armenian capital in October, mayor's spokesperson Hakob Karapetyan said in a statement on Wednesday, August 17.

All the funds that were supposed to be spent on arranging the events will be directed to the project 100 Homes for Artsakh, as well as development programs benefiting Yerevan's cultural institutions.

In particular, funds will be allocated to Erebuni Historical & Archaeological Museum-Reserve and the Yerevan History Museum.

Established in 782 BC, Yerevan is one of the world's oldest continuously inhabited cities. Erebuni Fortress is considered to be the birthplace of the city, while the Yerevan History Museum is among the prominent institutions that feature the history of the capital city.