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Vice-speaker richest man to stand in Armenia vote

27 December 2007 18:21 (UTC+04:00)
The candidates running for the 2008 presidential elections in Armenia have reported on their income to the country's electoral body.
Representative of the radical Dashnaktsutyun party, Vice-Speaker Vaan Ovanissian is the wealthiest runner-up, the declarations on income and property submitted to the Central Election Commission have revealed. He owns two homes downtown Yerevan and a number of land plots. As for cash, he possesses 4 million Drams ($11,904), 8,000 US dollars, and 170,000 euros. His annual income is estimated at $10,232. Ovanissian also receives wages from his activity in parliament and the Yerevan State University.
Prime Minister Serzh Sarkisian representing Armenia's ruling Republic Party indicated in his declaration that he lives at a summer house. He owns a nearly 100 square meter-land plot in Khankandi, the center of the self-proclaimed Upper (Nagorno) Garabagh republic. He also has valuable antiques and ancient hand-made items. His salary is about $10,714 in the Dram equivalent. Sarkisian does not possess US dollars, according to his declaration.
Another election hopeful, former president Levon Ter-Petrosian who is a staunch critic of the incumbent administration, owns a valuable piece of property in a fashionable area of the capital, as well as several other homes and land plots. He is leasing most of this property, which brings him annual income to the tune of $12,857. Lincoln Town Car is his only means of transportation.
Armenia's presidential poll will take place on February 19.

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