Pastinfo: 218 million AMD to a company owned by a “Civil Contract” council member: Artashat Municipality signs a major contract

The Artashat Municipality has signed a contract worth AMD 218,236,614 with “Garant Capital Stroy” LLC, whose director is Narek Baghdasaryan, a member of the “Civil Contract” faction of the Artashat Municipal Council. “Pastinfo” learned about this from documents published in official open sources. The mentioned amount is equivalent to USD 604,359.

From 2022 to 2024, the company of Narek Baghdasaryan, a member of the “Civil Contract” faction of the Municipal Council, was the winner of road construction subsidy programs worth approximately AMD 723 million in the Artashat community. “Hetq” had reported on this.

According to the signed contract, road repair and asphalting works will be carried out in the settlements of Masis, Mrgavan, and Nshavan in the Artashat community.

The company belonging to the “Civil Contract” municipal council member has signed contracts with the municipalities of Ararat, Artashat, and Vedi, the staff of the Governor of Ararat Province, as well as the Water Committee of the Ministry of Territorial Administration and Infrastructure of the Republic of Armenia.

The amounts of the contracts signed with the company are quite substantial: the LLC has mainly received contracts worth millions of drams.

Pastinfo.am

“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

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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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