Anti-Corruption National Initiative
ANTI-CORRUPTIONNATIONALINITIATIVE

The Price of Ararat Mirzoyan’s Vest: An Elite Wardrobe, Elite Real Estate, and Uncomfortable Questions About Asset Declarations

Ararat Mirzoyan’s vest costs more than AMD 2 million, despite his image of someone who could not afford to buy a television on installments. Before coming to power, Ararat Mirzoyan was struggling financially, while today he stands out for his rather luxurious lifestyle, the Red Line Telegram channel wrote.

“During the Civil Contract campaign over the weekend, Mirzoyan was wearing expensive clothing — a woolen jacket-vest by the elite brand Brunello Cucinelli, which costs $5,955, or more than AMD 2 million, in European online stores.

Thus, after coming to power, he had already managed to purchase elite real estate worth around AMD 112 million, while in 2024 Mirzoyan’s wife, Gohar Abajyan, purchased a BMW manufactured in 2024 for EUR 39,405.46 from the German Michael Schmidt car dealership.

It is interesting to wonder what Ararat Mirzoyan, wearing a vest worth approximately four years of an Armenian pensioner’s pension, thinks about whether corruption exists in Armenia or not. Or did he also purchase this vest on credit?”

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“CivilNet.” The Volume of Gambling in Armenia Has Increased 53-Fold in 8 Years: The True Scale of Gambling Addiction Is Unknown

According to a study by CivilNet, the online gambling market in Armenia continues to expand rapidly. In 2017, the volume of internet betting was AMD 138.5 billion, while in 2025 it had already reached AMD 7.4 trillion. Over eight years, it increased by approximately 53 times. In the first eight months of 2026, the amount of betting reached AMD 5.4 trillion.

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“168.am.” How Cheap Russian Gas Is Sold to the Population in Armenia at a Price Nearly 2.2 Times Higher

Amid discussions surrounding a possible increase in the price of imported gas, 168.am has addressed Armenia’s gas tariff policy, presenting how Russian gas purchased at a preferential price at the border reaches the population at a price nearly twice as high, while substantially lower tariffs apply to certain sectors of the economy.

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Manicures at the State’s Expense: How Much Armenian Taxpayers Pay for the Everyday Comfort of Pashinyan’s Family

More than AMD 621 million is spent annually from the state budget on maintaining Armenia’s government residences. Calculated on a daily basis, this exceeds AMD 1.7 million. But this amount is not spent solely on the maintenance and security of the residences, utility payments, and upkeep of the surrounding areas. As Hraparak has found, through the “Government Residences Management” SNCO, the personal needs of the families of high-ranking officials are also covered, including the manicure and pedicure expenses of Prime Minister Nikol Pashinyan’s wife and daughters.

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Yerevan Municipality Appropriated “Multi Wellness” Property

According to a publication by Pastinfo, Yerevan Municipality has changed its official position regarding the property of the “Multi Wellness” sports and wellness center owned by Gagik Tsarukyan. While in July the municipality confirmed that the gym’s movable property had been entrusted to it for safekeeping and was not community property, it now claims that the gym belongs to the municipality.

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Arpine Hovhannisyan: Bank executives receive hundreds of millions of drams annually, but banks do not provide information on expenditures for protecting citizens’ financial funds

The remuneration of bank executives in Armenia can reach hundreds of millions of drams annually, while citizens have no information about how much financial institutions spend on protecting their money from fraudsters. This issue was raised by lawyer and former Deputy Speaker of the National Assembly Arpine Hovhannisyan, who presented the responses to her inquiries addressed to Armenia’s 18 banks.

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