Tue, 29 April
20.1 C
Yerevan
USD: 389.45 RUB: 4.78 EUR: 443.12 GEL: 141.62 GBP: 521.16
spot_img

Armenian president accepts the resignation of government

YEREVAN, April 9. / ARKA /. Armenian president Serzh Sargsyan, who took office on Tuesday after a swear-in ceremony, has accepted the resignation of the government.

“During these years, under your political leadership, our team tried to faithfully perform all of your tasks. Of course, we had difficult days and we had not only successes but also setbacks and errors, “prime minister Tigran Sargsyan said after presenting the resignation of the government.

Noting that the most reliable guide to the future is the past, the prime minister said that the work done by the president, his experience and knowledge, his human qualities are the guarantees that inspire hope that the Armenian state will develop and advance towards new victories.

The head of state thanked the members of the government for their work, saying that those who are dissatisfied with the work, “are not unhappy about the people, but about the problems.”

“You worked in difficult conditions seeking solutions in some cases to impossible problems and faced challenges. You have created favorable ground for the next government and I am confident that the new government will implement all its tasks and programs,” said the president.

According to the fourth paragraph of Article 55 of the Constitution of Armenia, the president accepts the resignation of the government on the day of his/her taking office. After consulting with parliamentary factions the president appoints a prime minister who should enjoy the confidence of the majority of deputies, and if this is not possible, he will have to choose a person enjoying the confidence of the largest number of MPs.

The president of the country appoints prime minister within ten days after the resignation of the government. The government is formed within twenty days after the appointment of prime minister. President Serzh Sargsyan, who is also the chairman of the Republican Party of Armenia, was re-elected in February 18 polls. According to the official data, he won in the first round with 58.64% of votes. The second with 36.74% of the vote was Raffi Hovannisian, the leader of the opposition Heritage party. International election watchers concluded that the polls met international standards and the reported violations did not affect the outcome. -0-

spot_img

POPULAR

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenian Banks Contribute AMD 28.3 Billion in Taxes During Q1 2025

In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.

Armenia’s international reserves rose to $3.9 billion in March, providing 2.9 months of import coverage – WB

Armenia's international reserves increased to $3.9 billion in March 2025, offering 2.9 months of import coverage, according to the World Bank's Monthly Economic Update for April 2025.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img