Armenia’s Government hands in resignation

YEREVAN, May 31. /ARKA/. The Government of Armenia announced on its resignation on Thursday.

“I have presented to the President the declaration on the Government’s resignation, and said that we are obliged to fulfill our responsibilities before forming a new government,” the Prime Minister of Armenia Tigran Sargsyn said at the government session.

According to the Constitution of Armenia, the President of the country approves the government’s resignation on the day of the newly elected National Assembly’s first session. Bearing in mind the number of mandates in the National Assembly and consulting with the deputy factions the head of state may appoint as a new Prime Minister an individual, who is trusted by majority of the deputies.
The President appoints a new Prime Minister within ten days after approving the government’s resignation. The new government is formed within twenty days after the appointment of a new Prime Minister.

The Republican Party of Armenia won the majority of votes, receiving 44.02% (664, 440 votes) and thus 69 seats in 131-seat parliament. By this the Party will hold the posts of the Speaker, Vice-Speaker and Prime Minister. The Prosperous Armenia Party received 30,12% of votes (454, 673 votes) and 37 seats (28 under proportional, and 9- popular vote) in 131-seat parliament The third place was given to opposition block Armenian National Congress- 7.08% (106, 903 and 7 seats).
Five-percent barrier was overcome by oppositional Heritage (5.76% or 86, 998 votes) and Dashnaktsutyun (5.67% or 85, 550) as well as coalition Otinats Yerkir – 5.51% or 83, 123 votes. All of them received 5 seats in the parliament under the proportional system. A representative of Orinats Yerkir entered the parliament under majoritarian system.—0–

spot_img

POPULAR

Unibank to Pay AMD 9.3 bln in Dividends to Shareholders

In 2025 Unibank's net profit amounted to AMD 9.8 billion.

Converse Bank and ADB expand access to MSME and sustainable finance in Armenia

Converse Bank and Asian Development Bank (ADB) have signed a financing agreement of up to USD 15 million aimed at expanding access to finance for micro, small, and medium-sized enterprises (MSMEs) in Armenia, including women-led businesses, and promoting sustainable investments.

Euro fell 1.94 points against the Armenian dram, while the dollar and ruble remained unchanged: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 23, 2026, increased by 0.01 points compared to 368.08 drams on June 22.

Armenia expects to reduce public debt to 45% of GDP within five years: Deputy Finance Minister

The Armenian government aims to bring the public debt-to-GDP ratio to 45%, approximately within five years, stated Deputy Finance Minister Avag Avanesyan.

Unibank’s annual general meeting of shareholders will be held today: the bank’s net profit amounted to 9.8 billion drams

On June 22, 2026, the Annual General Meeting of Shareholders of Unibank OJSC will be held.

LATEST NEWS

spot_imgspot_imgspot_img