24 Facts About Tigran Sargsyan

Tigran Sureni Sargsyan is an Armenian political figure who was Prime Minister of Armenia from 2008 to 2014.

Tigran Sargsyan was born on 29 January 1960 in the city of Vanadzor, Armenian SSR.

Tigran Sargsyan entered Yerevan Technical College No 14, which he finished in 1978.

In 1987 Tigran Sargsyan received his PhD at Leningrad Financial and Economic Institute, where he defended his thesis titled "Regional social-economic development planning on Armenia's example".

In 1994 Tigran Sargsyan studied at the Faculty of "Law-making Activity," in the International Law Institute, Washington, DC, United States.

Tigran Sargsyan was one of the founders of the party "National Democratic Union" in 1991.

Tigran Sargsyan became chairman of the Standing Committee on Financial-Credit and Budgetary Affairs and was the youngest head of the chairman in the Parliament.

Together with the chairman of the Central Bank of Isaac Isaakyan and Finance Minister Levon Barkhudaryan, Tigran Sargsyan was appointed as a co-chairman of the State Commission for regulation of currency, created by the Supreme Council of the Republic of Armenia on 13 October 1993.

Tigran Sargsyan occupied the post of Chairman of the Central Bank of Armenia from 3 March 1998 and was reelected by the Armenian National Assembly as CBA chairman for a second seven-year term on 2 March 2005.

On 3 March 1998 Tigran Sargsyan was elected the chairman of the Central Bank of Armenia, which significantly changed the situation in the banking sector of Armenia.

In 2005, Tigran Sargsyan was re-elected as a chairman of the Central Bank, for the second term.

In 1998 Tigran Sargsyan introduced the compulsory use of international accounting standards in Armenia.

In frames of anti-crisis measures Tigran Sargsyan government declared support to social programs.

Since 2008 Tigran Sargsyan government initiated negotiations with Asian Development Bank about financing of highway that would connect north and south of Armenia.

Tigran Sargsyan government adopted a program for development of electronic government.

Tigran Sargsyan was equally warmly accepted in the US, Russia, China and the EU.

Tigran Sargsyan was highly criticized for obligatory car insurance reform, which later became common for Armenian society.

Tigran Sargsyan announced resignation on 3 April 2014 but did not give a specific reason.

On 26 June 2014, Tigran Sargsyan was appointed as an Armenian ambassador to the United States by the decree of the Armenian President.

Tigran Sargsyan mentioned Armenia needs to seek for new ways of cooperation between East and West, that is meant to be profitable for both parties.

On 16 October 2015 Summit of Eurasian Economic Commission in Kazakhstan attended by heads of state-members Tigran Sargsyan was presented as next chairman of the Commission to occupy the position on 1 February 2016.

Since 2016 public statements were made by Ashot Grigoryan, head of "EU-ASIA Business Finance Centre" firm, against Tigran Sargsyan, accusing him of stealing $300 mln from Nairit Plant.

Tigran Sargsyan claimed readiness to invest huge sums in Nairit, but faces obstacles by acting government.

On 14 May 2019, after two years of litigation, the General Court satisfied the lawsuit of Tigran Sargsyan and ordered Ashot Grigoryan to publish a refutation of the false charges, as well as pay 1 million dram fine.