Yerevan’s 50-member Council of Elders, which is dominated by 35-strong majority of Armenia’s ruling Republican party representatives, rubber-stamped on Friday President Serzh Sargsian’s proposal to elect Karen Karapetian as new mayor of the Armenian capital.
Karen Karapetian, who has been chief executive of the Armenian-Russian joint venture, ArmRosGazprom since 2001 will succeed Gagik Beglarian, a controversial mayor who resigned earlier this month after being embroiled in a high-profile scandal with the presidential administration.
Karen Karapetian has worked in the energy sector of Armenia since 1996, first in HayEnergo, than in ArmRusGazprom, a company, where Russia’s Gazprom has an 80% stake.
He has a Ph. D in economics and is known to be a highly efficient manager. Certainly a better choice compared to Gagik Beglarian, known by his dealings with criminal groupings to ensure extensive vote rigging in most nationwide and local elections and infamous for his nickname “Chorni” (Black).