How Much Have Minister Suren Papikyan's Financial Assets Increased? Facts

The newspaper "Pats" reports: "Minister of Territorial Administration and Development Suren Papikyan has submitted his 2018 annual statement to the Ethics Commission for High-Ranking Officials.

According to the document published on the official website of the commission, Suren Papikyan has neither immovable nor movable property.

He has only provided information regarding financial assets and income.

At the beginning of the 2018 tax year, Suren Papikyan's financial assets amounted to 1,300,000 AMD and 1,400 USD.

By the end of the 2018 tax year, these financial assets had increased to 2,300,000 AMD and 2,000 USD, respectively.

During the 2018 tax year, Suren Papikyan's total income was 8,827,168 AMD. This income was derived from five salaries amounting to 428,098 AMD, 917,422 AMD, 872,917 AMD, 151,001 AMD, and 6,457,730 AMD.

It is noteworthy that, in contrast to the annual declaration of 2018, Suren Papikyan's declaration upon taking office in 2018 included a plot of land and a NISSAN TEANA 2.3 vehicle.

For more details, see today's issue of the newspaper."