Since 2004, BAMO company has been engaged in restoration of Palaces of Volkov Boyars and Yusuf Palace". President of BAMO group Murad Mouradyan was awarded "Cultural Heritage" prize in Moscow for restoration of one of XVI-XIX century rare monuments".

BAMO Press Secretary told a PanARMENIAN.Net correspondent that their activities were in process, and a total sum of RUR 850 million had been spent for restoration of Yusuf Palace.

The IX Cultural Heritage award ceremony was held in Moscow Government House on April 29, 2009. The ceremony was attended by RF Government representatives, NGO Chairs, scholars and researchers studying cultural heritage issues.

Thanks to BAMO group, the staterooms, oak grounds, XVIII century fireplaces were restored and walls and ceilings were decorated with paintings.