Why the Deputy Minister of Economy Was Dismissed

It has already been reported that by the decision of the Prime Minister of Armenia, Nikol Pashinyan, on November 26, Arman Hovhannisyan, the Deputy Minister of Economy of Armenia, was dismissed from his position.

According to information from ArmDaily.am, prior to his role as deputy minister, Hovhannisyan worked at HSBC Bank with a relatively high salary. He reportedly struggled to adapt to the deputy minister role due to the low salary and heavy workload.

Our source claims that there is no need to look for conspiratorial motives behind Hovhannisyan's dismissal, as he left his position voluntarily and is likely to return to his previous job.

It is worth remembering that Hovhannisyan was appointed to this position on August 9, 2019.