3 Properties and a PORSCHE: The Assets of Sergey Bagratyan, Who Left the Prosperous Armenia Party

The Prosperous Armenia Party will not have a presence in parliament for the first time in 17 years. In contrast to the party, former member Sergey Bagratyan will now enter the National Assembly alongside Nikol Pashinyan’s team.

According to the declaration submitted by Bagratyan in 2020, he owns three properties: an apartment in the center of Yerevan and two plots of land in Vayots Dzor, as reported by analitik.am. In 2020, Bagratyan also acquired a publicly significant building in the town of Vayk.

He possesses one movable asset, a 2007 PORSCHE, which he purchased in 2014. In terms of securities and other investments, the legislator’s assets are outlined below.

Bagratyan also holds a bank loan. At the beginning of the year, his bank account had 1,189,173 drams, while at the end it was 955,423 drams. His income amounted to 8,231,350 drams from the National Assembly and 481,000 from the National Academy of Sciences of the Republic of Armenia.