Following speculations started back in March, yesterday, the leader of the Prosperous Armenia party Gagik Tsarukyan stated, that the President of the Central Bank of Armenia Tigran Sargsyan will be the next prime minister of Armenia.
Today, as if to reaffirm the statement, Lragir.am carries a report, according to which the Deputy Chairman of RPA, RA deputy Galust Sahakyan has confirmed, that the Republican party will endorse Tigran Sargsyan’s candidacy for this post.
It is important to note once again, that under the amended Constitution, the executive power of the Prime Minister was greatly enhanced. The government led by the Prime Minister has the following powers, to name just a few:
3) manage the state property;
4) implement unified state policies in the areas of finances, economy, taxation, loans and credits;
4.1) implement the state territorial development policy.
5) implement state policies in the areas of science, education, culture, health, social security and environmental protection;
6) ensure the implementation of the defense, national security and foreign policies of the Republic;
7) ensure maintenance of law and order, take measures to strengthen the legal order and ensure rights and freedoms of the citizens;
Tigran Sargsyan is known as a technocrat, who is too much concerned with Macroeconomic stability and law inflation. His obsession with looking good in front of IMF experts, kills me, because, having read Stiglitz’s book, I’ve become very sceptical about the role IMF has been playing in the world and in Armenia in particular. Here’s some biography: since March 3, 1998, Sargsyan has occupied the post of CBA Chairman. Non-partisan. Married. Has two children. Armenian National Assembly reelected Tigran Sargsyan as CBA Chairman for the second seven-year term on March 2, 2005.
Born on January 29, 1960 in Kirovakan (at present Vanadzor), Armenia. From 1980 to 1983 he attended Leningrad’s Financial and Economic Institute after Voznesenski. From 1983-1987 – postgraduate education ended in obtaining PhD degree. From 1987 to 1990 worked as the Chief of Department for Foreign Economic Relations of Scientific Researches Institute of Economic Planning in Armenia. From 1988-1993 worked at the post of Chairman of republican Council of Young Specialists and Scientists. From 1990 to 1995 – 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 – Director of Scientific Researches Institute of Social Reforms. From 1995 to 1998 – the Chairman of Armenian Banks Association. (most of the biographical details taken from ARKA)