Armenian president accepts government’s resignation

YEREVAN, April 9. /ARKA/. Armenia’s new president Armen Sarkissian who was sworn in on Monday in a special inauguration ceremony, accepted the resignation of the government.

In 2015 Armenian voters approved shifting from the so-called semi-presidential form of government to a parliamentary republic. Under the change, the presidency is largely a ceremonial position. Sarkissian, the new president, was chosen for the post last month by the parliament, unlike his predecessors who were elected in a national vote.

The nomination of candidates for the post of prime minister, vested with the bulk of power in the country, starts on April 9 and ends on April 16th. The prime minister will be elected by the Armenian parliament on April 17.

Candidates for the position of prime ministers are to be named by parliamentary factions. The candidate who will gain more than half of the votes of all MPs will be elected as head of the government. If the parliament fails to elect prime minister in the first attempt, a new ballot will be held on the seventh day with new candidates, but this time those candidates will be eligible who were nominated by at least one third of the total number of deputies.

If no prime minister is elected by a majority vote of the total number of deputies, then the National Assembly dissolves. The election of prime minister is to be held by roll-call voting. The president then immediately appoints as prime minister the candidate elected by the National Assembly.

The new government is to be formed within a period of fifteen days following appointment of prime minister, who within a period of five days following his or her appointment, is to propose to the president candidates for Cabinet members. The president within a period of three days, is either to appoint deputy prime ministers and ministers, or apply to the Constitutional Court to ask it to examine the application and take a decision within a period of five days.

The prime minister submits a government program to the National Assembly within twenty days after the formation of the government, which must be approved within seven days by a majority of the total number of deputies. If the National Assembly does not approve the government’s program, it will be dissolved.

If all these procedures are implemented in accordance with the stipulated terms, then the new government is to be formed in the first ten days of May. -0-

spot_img

POPULAR

Central Bank of Armenia acquired $1.9 billion in market from beginning of year through September – Finance Minister

The Central Bank intervened in the market and acquired approximately $1.9 billion from the beginning of the year through September, Armenian Finance Minister Vahe Hovhannisyan stated in parliament while presenting the draft state budget for 2027.

Armenia’s public debt will stabilize at around 47% – Finance Minister

Armenia's public debt will stabilize at around 47% of GDP.

Nearly $2 billion in new biodiversity funding announced at COP17 in Yerevan — UN

At the 17th Conference of the Parties to the UN Convention on Biological Diversity (COP17), which concluded in Yerevan, nearly $2 billion in new funding for biodiversity conservation was announced, according to a final press release from the Convention Secretariat published on October 31.

IDBank has issued perpetual coupon bonds for the first time

On November 2, 2026, IDBank will, for the first time, offer registered perpetual coupon bonds through a public offering on the following terms.

Euro and ruble rose against the Armenian dram, while the dollar weakened: Central Bank of Armenia

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, decreased by 0.16 points to 360.14 drams on October 29, 2026, compared to October 28.

LATEST NEWS

spot_imgspot_imgspot_img