In Yerevan’s #10 Election District, the race for a seat in parliament will pit personal wealth against the resources and leverage of the government.

In this hotly contested seat, it’s the opposition candidate Saribek Soukiasyan with the deep pockets going up against Garegin Noushikyan, the ruling party’s candidate with the connections.

Saribek Soukiasyan – He’s the brother of former MP Khachatour Soukiasyan who was disqualified by the Central Electoral Commission from running over a residency flap.

Saribek is president of the board of the HayEconomBank. His financial disclosure lists some 22 real estate holdings but no cars. He also claims less than 8 million AMD in assets.

As to revenue, he’s reported 72.4 million AMD in stock dividends from his shares in Narek Ltd., and $60,000 plus an additional 11 million AMD in loans from the same company.

He also reports 600,000 AMD in   income for property leased to Narek. His shares in HayEconomBank have netted him 49.6 million AMD plus an annual salary of 19.8 million AMD

As of March 1, 2012, Saribekyan claims to have bank deposits of 304 million AMD, $18.8 million and 115,000 Euros.

Garegin Noushikyan – The Republican Party candidate is the President of the Noushikyan Association Ltd. and is an in-law of Prosecutor General Aghvan Hovsepyan.

He reports a 64 square meter apartment but no cars or other valuable assets.

His revenues derive solely from Noushikyan Association Ltd. – 3.9 million AMD in salary and 107 million AMD in share dividends.

Noushikyan reports 10 million AMD in cash and deposits as of March 1, 2012.