Tigran Sargsyan

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Tigran Sargsyan
Տիգրան Սարգսյան
Tigran Sargsyan - World Economic Forum on Europe 2011.jpg
Sargsyan during the World Economic Forum on Europe and Central Asia held in Vienna, Austria, June 8, 2011
Prime Minister of Armenia
In office
9 April 2008 – 3 April 2014
President Serzh Sargsyan
Preceded by Serzh Sargsyan
Succeeded by Hovik Abrahamyan
Chairperson of the Central Bank of Armenia
In office
3 March 1998 – 9 April 2008
President Robert Kocharyan
Preceded by Bagrat Asatryan
Succeeded by Arthur Javadyan
Personal details
Born (1960-01-29) 29 January 1960 (age 54)
Kirovakan, Armenian SSR, Soviet Union
(now Vanadzor, Armenia)
Political party Republican Party
Children Nelly
Armen
Abgar
Alma mater Leningrad Institute of Economics and Finance
Religion Armenian Apostolic

Tigran Sargsyan (Armenian: Տիգրան Սարգսյան, born January 29, 1960) is an Armenian economist who was the Prime Minister of Armenia from 9 April 2008 until his resignation on 3 April 2014.[1]

Early life[edit]

Tigran Sargsyan was born in Kirovakan, Armenian SSR (present-day Vanadzor, Armenia). From 1980 to 1983, he attended Leningrad's Voznesenski Financial and Economic Institute.[2] From 1983 to 1987 his postgraduate education ended in obtaining PhD degree. From 1987 to 1990 he worked as the Chief of Department for Foreign Economic Relations of Scientific Researches Institute of Economic Planning in Armenia. From 1988 to 1993 he worked at the post of Chairman of republican Council of Young Specialists and Scientists. From 1990 to 1995 he was a member of Supreme Council of the Republic of Armenia and the Chair of Standing Commission for Financial, Credit and Budget Affairs. From 1995 to 1998 he was the Director of Scientific Researches Institute of Social Reforms. From 1995 to 1998 he was the Chairman of Armenian Banks Association. Sargsyan occupied the post of Chairman of the Central Bank of Armenia (CBA) from March 3, 1998 and was reelected by the Armenian National Assembly as CBA Chairman for a second seven-year term on March 2, 2005. As many as 92 MPs participated in the vote, of which 86 cast their vote for his candidacy.

Sargsyan is married and has three children (daughter Nelly Sargsyan and two sons Armen and Abgar Sargsyans) and a grandchild.[citation needed]

Politics[edit]

He was CBA Chairman until April 9, 2008, when he was appointed as Prime Minister of Armenia by President Serzh Sargsyan upon the latter's inauguration.[3] He is not related to the President of Armenia Serzh Sargsyan.

Offshore allegations[edit]

On May 29, 2013, the Armenian online news agency Hetq published an article on their investigation around WLISPERA HOLDINGS LIMITED, an offshore company registered in Cyprus. According to Hetq, the company has three equal shareholders, including Tigran Sargsyan, Archbishop Navasard Kjoyan (the Primate of the Ararat Diocese of the Armenian Apostolic Church) and businessman Ashot Sukiasyan.[4] On June 3, 2013 Tigran Sargsyan denied any connection with the offshore company and requested the Armenian Prosecutor-General to look into the case.[5]

Resignation[edit]

Sargsyan announced resignation on 3 April 2014 but did not give a specific reason. While the deputy speaker of parliement and member of the incumbent Republican Party, Edward Sharmazanov, said that President Serge Sarkisian accepted his resignation, he too refused to give a reason for the resignation except saying that it was a "personal decision." However, he had previously offered to resign a month earlier but was convinced to stay on in the role by Sarkisian until a Constitutional Court ruling on his controversial pension reform plan[6] that had been criticised.[7]

Following months of protests,[8][9] the Constitutional Court declared the mandatory part of the pension reform law to be in contravention of the Basic Law of Armenia. The measure would have required Armenians born after 1973 to contribute five percent of their monthly income to one of two private funds sanctioned by the government and the Central Bank to manage the pensions. Opponents had also cited a lack of trust in those funds and no desire to lose such a high share of their income.[10] CC Chairman Gagik Harutyunyan added that the law would be in force until the National Assembly invalidated it by 30 September. Other unnamed government officials further noted that in accordance with the ruling the law will henceforth not be complied it, though Justice Minister Hrair Tovmasyan maintained that the ruling against the compulsory element was not unconstitutional in principle, but only that a number of provisions needed to be brought in conformity with the Basic Law.[11]

References[edit]

External links[edit]

Political offices
Preceded by
Serzh Sargsyan
Prime Minister of Armenia
2008–present
Incumbent