Friday, 21 September

Armenia’s Ministers: The Rich and not so Rich



In Hetq’s continuing series highlighting the financial status of various Armenian government big-wigs, we now turn our attention on the country’s government ministers. (Please note-the below figures are culled from their official financial disclosures. We leave the rest to your imagination)

Armen Asatryan (Minister of Labor and Social Affairs)

2011 Revenues – 4,469,000 AMD (all salary)

2011 Bank Deposits – 3 million AMD (end of year)

Armen Ashotyan (Minister of Education and Science)

2011 Revenues – 24,147,981 AMD, $20,000 (of which 20 million AMD and $20,000 were loans. The rest was salary)

2011 Bank Deposits – 3 million AMD

Gagik Beglaryan (Minister of Transport and Communications)

2011 Revenues – 2,166,300 stock dividends as of March 1, 2012

2011 Bank deposits – 12 million AMD, $30,000

Tigran Davtyan (Minister of the Economy)

2011 Revenues - 3,225,000 in salary

2011 Bank Deposits – 3.9 million AMD

 Vache Gabrielyan (Minister of Finances)

2011 Revenues – 26,233,000 (from various salaries

2011 Bank Deposits – 5 million AMD, $15,000

Armen Gevorgyan (Minister of Territorial Administration and Vice Prime Minister

2011 Revenue – 3,211,887 AMD (all salary)

2011 Bank Deposits - $30,000 and 1.2 million AMD

Hranoush Hakobyan (Minister of Diaspora Affairs)

2011 Revenues – 14,412,595 AMD (of which 7 million was inheritance)

2011 Bank Deposits – 21.3 million AMD, $39,500, 12,700 Euros, 82,881 Soviet Roubles

Aram Haroutyunyan (Minister of the Environment)

2011 Revenues – 102,102,823 AMD (of which 2.848 million in salary); 15.7 million AMD in rental income; 21 million AMD stock dividend; 18.5 million AMD interest income

2011 Bank Deposits – 65.4 million AMD, $641,226, 11,309 Euros

Sergo Karapetyan (Minister of Agriculture)

2011 Revenues – Salary of 3,052,468 AMD

2011 Bank Deposits – 168.7 million AMD, $85,600, 78,500 Euros

Armen Movsisyan (Minister of Energy and Natural Resources)

2011 Revenues – 3,646,192 in salary

2011 Bank Deposits - $15,000

Edvard Nalbandyan (Minister of Foreign Affairs)

2011 Revenues – 6,344,280 AMD (all salary); 54 million AMD property inheritance)

2011 Bank Deposits – 49,800 Euros (end of year)

Seyran Ohanyan (Minister of Defense)

2011 Revenues – 7.166 million AMD (2.967 million in salary, 4.199 million in pension)

2011 Bank Deposits – 11.5 million AMD

Hasmik Poghosyan (Minister of Culture)

2011 Revenues – 3.1 million AMD (She declared no other financial assets)

Hrachya Rostomyan (Minister of Sport and Youth Affairs)

2011 Revenues – 42.8 million AMD (2.6 million in salary, 19 million stock dividends, 21 million commercial profits)

2011 Bank Deposits – 37,000 English Pounds, 42 million AMD, $68,000

Samvel Tadevosyan (Minister of Urban Construction)

2011 Revenues – 27.2 million AMD (5.2 million salary from Control Chamber and 22 million from sale of agricultural produce)

2011 Bank Deposits – 20 million AMD, $20,000, 6,000 Euros

Hrayr Tovmasyan (Minister of Justice)

2011 Revenues – 7,491,866 AMD

2011 Bank Deposits - $70,000 and 6,750 Euros (end of year)

Armen Yeritsyan (Minister of Emergency Affairs)

2011 Revenues – 7,248,954 AMD (of which 3.4 million from pension)

2011 Bank deposits – 34 million AMD


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