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Breaking News: hetq expose All In the Family: Armenian Prime Minister’s Booming Business Empire-3

September 8, 2016 By administrator

armenian-pm-corruptionBy Grisha Balasanyan,

Is He a Prime minister or the Prime owner of Armenia?

We continue to present the companies, doing business in a variety of sectors, owned by Armenian Prime Minister Hovik Abrahamyan and his relatives. 

Leasing of Real Estate

Strategic Property Management (SPM) CJSC is fully owned by Argam Abrahamyan. The company’s office is located at 4/2 Amiryan Street in Yerevan. SPM was founded in 2012 and Angin Sargsyan serves as director. The company’s paid-in capital is 300.9 million AMD

According to official Armenian tax data, SPM engages mostly in the wholesale foodstuff, beverage and tobacco sector. Currently, the company has temporarily ceased operations.

“Yes, I am the director. Right now, the company has halted its operations. In general, SPM doesn’t engage in any operation,” Angin Sargsyan said.

When asked why the company was founded in the first place with such a large amount of capital if it didn’t plan to operate any business, Angin Sargsyan replied:

“Sorry, but I will not answer as to why the company was founded. That’s my company’s secret and, as director, I am authorized not to reply. Perhaps you find it absurd that the company doesn’t operate with such capital, but it’s not absurd for me. The company was started but now has ceased to operate. We didn’t know what it was doing. When it starts to operate anew, you’ll hear about it. Call and I’ll tell you what the company is doing.”

Property Solutions Ltd. is the legal successor of   Alliance Advisory Center Ltd. The company’s paid-in capital is 75.3 million AMD. 100% of the company’s shares were transferred to Gagik Poghosyan in June 2014.

In order to lease some space, Gagik Poghosyan petitioned the Yerevan Municipality. Based on Decision 3029-A (granted on August 6, 2014), the municipality permitted Kentron-Greening CJSC to lease 1,923.59 square meters of a 43,144.31 square meter plot it owns at 6/1 Khanjyan Street in Yerevan to Property Solutions.

Argam Abrahamyan’s two partners in Transport Development Consortium (TDC) CJSC are not random individuals. Levon Kocharyan (son of Armenia’s second president) and Yerevan resident Vahagn Khachatryan own 33% a piece.

Kocharyan and Khachatryan also own shares in Nayri Insurance; 60% and 40% respectively.

Vanadzor resident Rouben Zatikyan serves as director of TDC. Zatikyan also owns the #46 microbus route. 100% of the shares of Aravel Ltd., which services the fleet of buses, were obtained by TDC in March 2013.

TDC CJSC is registered at the address of Vahagn Khachatryan’s residency. Another company owned by Khachatryan, Grigoryans’ Trans Service Ltd. (, which services three microbus routes in Yerevan) is also registered at the same address.

Transporting CJSC was founded in 2012 and is owned 50/50 by Gagik Poghosyan and his business partner Julieta Sargsyan. The company’s office is located at 4/3 Amiryan Street in Yerevan, in a huge building owned by Argam Abrahamyan.

Transporting CJSC operates the #41 and 45 microbus routes in Yerevan and a number of inter-city routes in Armenia.

Hovik Abrahamyan and his circle of friends also run buses in the town of Artashat and nearby villages.

Mamikon-Narek Ltd. is wholly owned by Henrik Abrahamyan’s daughter Meri Abrahamyan. Yurik Bouniatyan serves as company director. The Company was founded in 2007 to operate taxi services, engage in trade, and produce construction materials. The company owns Taxi Mkhchyan, a taxi service.

Production of construction material and stones

In 2003, Ararat Cement OJSC was privatized and re-launched as Ararat Cement CJSC. Argam Abrahamyan owns 30% of the company and Gagik Tsaroukyan 70%.

Right Stone Ltd. was founded in 2008 and is mostly engaged in stone refinishing and construction. 40% of the company is owned by Argam Abrahamyan, 30% by Kotayk Province resident Garegin Karapetyan, and 30% by Gagik Mnatsakanyan; who also serves as company director.

Jas-Beton Shin Ltd. was founded by Henrik Abrahamyan (brother of Armenian PM Hovik Abrahamyan) and former MP Armen Poudoyan. They exited the company in 2006 and 100% of the shares reverted to Rouzanna Hovsepyan (Henrik Abrahamyan’s wife). The company produces construction materials.

Metz Armat Ltd. is also a construction company and is fully owned by Henrik Abrahamyan. He serves as its director. The company produces and sells fabricated hosing parts. The company was founded in 2008.

Elz-Nar Ltd. is owned by Diana Abrahamyan (Henrik Abrahamyan’s daughter-in-law). The company sells and packages food and non-food items, as well as construction materials.

Gagik Poghosyan fully owns, and is the director of, Sun-Lus Ltd. founded in 2010. The company’s legal address is registered in the Ararat Province village of Norashen, but neither village mayor Artoush Sargsyan nor his staff could recollect such a company listed in their village. The company engages in advertising, supplying food products to restaurants, hospitals and other public institutions, and the production of construction materials.

Jaguar Animal World Ltd. is listed in the state registry as an organization engaged in the protection and reproduction of rare and nearly extinct wild animals, and as an organizer of ecotourism and hunting tourism events. It was founded in 2013 and is 100% owned by Henrik Abrahamyan.

Director Gabriel Poghosyan told Hetq that the company is currently inactive, but that it is planning projects aimed at protecting wild animals along the Armenia-Azerbaijan border.

“Right now, the company isn’t doing anything, but in the future it will be engaged in the protection of animals and nothing else. We will protect the bezoar ibex and wild mouflon sheep found in Armenia. We will lease lands adjacent to the Azerbaijani border in order to protect these animals,” Poghosyan told Hetq.

“Animals are fleeing over the border to Armenia after being hunted in Azerbaijan. There should be no hunting on our side so that they can multiply. If they are hunted in Armenia, the animals will simply return to Azerbaijan,” Poghosyan explained.

While the company is fully owned by Henrik Abrahamyan, Gabriel Poghosyan denied any links between Abrahamyan and the company.

Business operated in partnership with foreigners

In contrast to his brother Henrik, Hovik Abrahamyan’s daughter Rebeka Abrahamyan has recently entered the business world. On September 17, 2014, she became 25% owner of Mit Invest Ltd., founded by Arman Mirzoyan just one month earlier. On the same day, two Georgians became 25% owners each of the company. One was Levan Chikovani (executive director and 50% owner of the Czech Wind Energy Investment s.r.o.), and the other was Mindia Sabandze (the owner of several companies). Hetq’s Georgian partners helped us compose the following list of companies owned by the two Georgians. 

Yevropa-Bed.am Ltd. is an Armenian-Georgian company founded in 2012. Argam Abrahamyan owns 20%; Armenian MP Vardan Ayvazyan’s son Souren owns 20%, Karen Minasyan-10%; 48% belongs to Georgian citizen Zaour Yakhadze; and Zaza Mikelashvi, another Georgian, owns 2%. Yerevan resident Grigor Sahradyan serves as company director. 

Golden MK Ltd. is owned by Gagik Poghosyan (20%), Moscow resident Mikhail Berzukov (40%), and Rouzanna Asoulyan (40%). The director is Rudolf Grigoryan.

Mikhail Bezrukov is a Moscow businessman. He was a master sportsman during the Soviet era and the chief coach of the Soviet Union’s national football team. Since 1992 he’s served as president of the Hockey and Football Club Russia CJSC. As of 2000, Bezrukov has been the director of the Social Adaptation Center NGO Fund.

Bezrukov is the Solnechnogorsk branch president of Russia’s ruling Yedinaya Rossiya (United Russia) party. According to Russian press reports, Bezrukov is a local criminal authority with whom area businessmen must sit down and negotiate with. He owns scores of companies engaged in commerce, real estate, the restaurant trade, sports, and others. On numerous occasions we tried to contact him to clarify what links, if any, his companies have with several companies in Armenia. At first, we were told he wasn’t in town. His staff then asked us to leave a phone number where he could reach us. So far, Bezrukov hasn’t called us.

No explanations from the prime minister and his friends 

Only four companies linked to relatives of Prime Minister Hovik Abrahamyan made it to the list of Armenia’s top 1,000 taxpayers from January-September 2014. They are: Ararat Cement CJSC (in 111th place with 865 million AMD in taxes paid); Artashat Cannery Plant (135th place, 647 million AMD); Mkhchyan Fish Food (406th place, 212.550 million AMD); Navti Gaz (611thplace, 126 million AMD).

Thus, the other companies owned by the prime minister’s relatives paid 74 million AMD less than the company that what listed in 1,000th place given that the latter paid exactly 74 million.

The assets of the Abrahamyans and their relatives do not end here. They own 53.24 hectares of agricultural zoned land in the village of Mkhchyan, some ten pieces of real estate near Yerevan, and an equal number of cars. There are also hundreds of hectares of grape vineyards in Artashat and nearby villages; natural gas filling stations outside Yerevan; gasoline stations and casinos along the highways of Armenia; and a resort house in Crimea (that was purchased in 2007 for US$7 million. News outlets in Armenia wrote about the Crimea resort several times and the prime minister never denied the news. 

There are also mechanical and knitting factories in Artashat, an auto park, lands adjacent to the Sirious Plant, wine and cement factories, a resort house and five hectares of land in Tzaghkatzor, apartments in Yerevan, a private house near Lake Sevan, etc. The list is never-ending because most of these properties are registered under the names of others. 

Back when Hovik Abrahamyan served as the president of the Armenian parliament, we wrote to him asking that he explain the source for all the money appearing on his financial disclosure statement. We also wanted to know whether certain factories belonged to him. Just as now, when he serves as the prime minister, he failed to answer our inquiries. 

We couldn’t get any clarifications from the prime minister’s son Argam Abrahamyan. Argam is the owner and director of Imperium Group Ltd. located at 4/7 Amiryan Street in Yerevan. We called the directors of companies located there (which have ties to the Abrahamyans) in order to get the telephone number of Imperium Group. All the directors told us that there was no Imperium Group located there. Angin Sargsyan, Deputy Director of Imperium Plaza CJSC (located at the same address) was surprised to hear that a company by that name is registered there. 

We also failed to get any clarification from Gagik Poghosyan, a relative of the Abrahamyans. Both Robert Gasparyan (his son-in-law) and Angin Sargsyan told Hetq that they weren’t authorized to give his number. We then asked Robert Gasparyan to get a message to Poghosyan to call Hetq. He did, but told us nothing. 

People in Armenia know Armenian Prime Minister Hovik Abrahamyan by his nickname “Mouse”. 

The following is taken from an interview that the newspaper 168 Zham had with Abrahamyan regarding the use of his nickname. 

In an interview with the newspaper 168 Zham, PM Abrahamyan was asked if he felt insulted when the press refers to him by his nickname “Mouk” (mouse). In response, Abrahamyan said he had no such complexes and that if certain news outlets got a kick from calling him by his nickname they should continue to do so. 

“It doesn’t faze me in the least. If they think they are insulting me or irritating me by doing so, they are wrong. By the way, I see nothing wrong with people having nicknames,” Abrahamyan replied, adding that it was better if people had childhood nicknames than the fake monikers of various sponsors and owners of the press. 

Abrahamyan explained that his nickname stems from a childhood incident where he ate half a bowl of Christmas candy. “My grandma, realizing I ate the candy, laughed and called me the mouse of the house,” he said. 

The prime minister confessed that nothing could be hidden from him because he gets into every nook and cranny and locates what he wants – candy. 

Read more: http://hetq.am/eng/news/58352/all-in-the-family-armenian-prime-ministers-booming-business-empire-3.html

Filed Under: News Tagged With: All In the Family, Armenian, business, empire, prime minister

Yerevan hosts first Pan-Armenian Business Forum

July 15, 2016 By administrator

business forumThe first annual Pan-Armenian Young Businessmen’s Forum opened in Yerevan on Friday, bringing together about 30 young Armenian entrepreneurs from different countries.
The event, which will run through July 22, will comprise two parts: a conference and a tour to the sights of Armenia and Nagorno-Karabakh (Artsakh).
Forty businessmen from Armenia and Artsakh have joined colleagues from the United States, Britain, France, Turkey, Israel, Iran, the United Arab Emirates, Latvia and Ukraine to consider avenues of fruitful cooperation.
The opening of the event was attended also by Vice Prime Minister Vache Gabrielyan, Minister of Diaspora Haranush Hakobyan and deputy ministers of economy and foreign affairs.
“It is very important to see that despite their participation in different business projects in foreign countries, Armenian businessmen never forget about the connection with their motherland. Such an aspiration among the youth is very inspiring, so I am hopeful they will manage to build business ties which will be long-lasting and sustainable,” Mr Gabrielyan said.
Minister Hakobyan also greeted the participants, expressing hope that that they their creative mind and talent will contribute to an effective partnership.

Filed Under: News Tagged With: business, forum, pan armenian, Yerevan

Yerevan DigiTec Business Forum to Focus on Military, Cyber Security

June 16, 2016 By administrator

yerevan-DigitecYEREVAN (ArmRadio)—The 9th DigiTec Business Forum will be held in Yerevan from June 17-18 with an aim of contributing to the search for best technological solutions, providing the technology companies with an opportunity to meet and present themselves to potential customers. About 70 organizations have applied for participation this year.

‘Yes for Europe’ forum of European Partners and an Armenian-German business forum will be held within the framework of the event.

Modernization of military industry through application of innovative technologies will be the key topic of the forum, Karen Vardanyan, Executive Director of the Union of Information Technology Enterprises (UITE), said on Thursday.

The Armed Forces and UITE have established a joint commission to sum up the framework of issues that will be submitted to IT specialists for solution.

According to Vardanyan, three issues related to the modernization of military production are being considered today. “The short-term goal is to find solutions to counter the rival, which envisages either purchase of new weapons or modernization of old ones. The medium-term objective is to create new military industry on the basis of existing technologies. The third issue is a strategic one, we have to think of what kind of military industry we want to see in 15-20 years,” he said.

Representatives of the Armed Forces are expected to actively participate in the DigiTec forum.

Information security expert Samvel Martirosyan said the April war focused the attention on the need to ensure cyber security.

Filed Under: Articles Tagged With: business, Cyber, digitec, forum, military, Security, Yerevan

Iran, Rouhani seals major business deals on France trip

January 28, 2016 By administrator

0,,19008931_303,00(DW) In his high-profile European visit, the Iranian president has gotten a taste of how eager the continent is to tap into his country’s market. Rouhani has hailed warming relations between Iran and France.

Iran’s President Hassan Rouhani was formally welcomed to France Thursday morning at the gold-dome Invalides monument ahead of meetings with business leaders, the head of UNESCO, and President Francois Hollande. He expressed a desire to “turn the page” during the highly-anticipated visit , the first by an Iranian president since 1999.

“Let us forget the resentment,” said Rouhani, weeks after Western sanctions against his country were dropped in exchange for curbs to its nuclear program. “We are ready to turn the page,” the president said, and create “a new relationship between our countries.”

After his talk, French automaker Peugeot announced a joint venture with Iranian car manufacturer Khodro to produce 200,000 cars a year at a plant outside of Tehran. Rouhani is also expected to confirm later a purchase of 100 passenger jets from Toulouse-based aircraft firm Airbus.

Following the Peugeot declaration, Rouhani met with France’s Prime Minister Manuel Valls, who said the new nations should put the past to bed. “France is available for Iran. Iran can count on France,” said the premier.

Filed Under: Articles Tagged With: business, France, FRANCE / TURKEY Holland urges Turkey to do his "work memory" of the Armenian tragedy, Iran, rouhani

Over 160 companies with foreign participation registered in Karabakh

January 6, 2016 By administrator

business NKRSTEPANAKERT. – The stable inter-political situation and radical tax reform have increased the attractiveness of Karabakh for foreign investors. Karabakh Minister of Economy Andranik Khachatryan told the aforementioned to Armenian News – NEWS.am.

According to him, the average volume of attracted investments makes up nearly 10 percent of the overall volume of investments. Over 160 companies with foreign participation have been registered.

“Industry and the sphere of communication can stand out as separate areas of foreign capital investment. Moreover, if at the initial stage of economy formation, investors entered the market as founders of new companies, the tendency of creating more joint enterprises has recently been observed: foreign investments are attracted in the process of expanding the already operating local companies,” the Minister said.

Filed Under: Articles Tagged With: business, Karabakh, new

Tehran to host Iran-Armenia business forum

November 8, 2015 By administrator

Armenian IranAn Iran-Armenia business forum will be held in Tehran, according to Hayeli.com, the website of the Armenian community of Iran.

Iran’s Chamber of Commerce, Industries, Mines and Agriculture will host the Iran-Armenia business forum on November 9. The participants will include Armenian Minister of Economy Karen Chshmarityan, Iranian Minister of Industry, Mines and Commerce Reza Nematzadeh, representatives of state bodies of the two countries, and numerous businessmen.

Yesterday, on November 6 the Iran-Eurasia Expo 2015 opened at Yerevan Expo Complex. Companies of Iran, Armenia, Georgia and Russia displayed their goods and services at the exhibition.

Filed Under: Articles Tagged With: business, forum, Iran-Armenia

Armenian from Syrian who came to Armenia without money regains back in Business

August 20, 2015 By administrator

IMG_8808YEREVAN. – Hovhannes Ashjian, 47, Syrian Armenian who arrived in Armenia with his family without any means, today speaks with pride about how he regained his feet in Armenia thanks to his craft, jewelry. Now he is able to take care of his family with dignity.

Hovhannes told Armenian News – NEWS.am he thanks God every day for his gift.

“When I had just arrived in Yerevan, I was working as a waiter for several months, since we had come from Aleppo without any means. Then I was able to collect some money and buy the necessary tools for jewelry. I already have my customers and live here on rent. My wife also works and helps me,” he said.

Hovhannes Ashjian was well-off in Aleppo; he lived with his wife and daughter in their own house, had a jewelry shop and workshop, where he spent most of his day. He also taught his skills to 25 pupils. Now Hovhannes remembers with nostalgia his house and workshop in Aleppo, which were destroyed as a result of bombings.

“The war came as a surprise to all of us, since we lived in a peaceful and powerful state for quite a long time,” he said.

After losing their house, Hovhannes moved with his family into his wife’s paternal house. The situation in Aleppo gradually exacerbated and Hovhannes decided to move to Armenia. He still remembers with horror the 30-minute road from their house to the airport, which took them 3 hours to pass, since they were going round troops, blasts and ruins.

“We arrived in Armenia, and after a week the Aleppo airports was closed. My brother is still in Aleppo. But he doesn’t even want to come here; he can’t leave what he has [there],” Hovhannes said.

According to  Ashjian, other Syrian Armenians should also try to work and get used to Armenia’s conditions, since this is another country; it has its own laws and is quite different from Syria.

“The best thing here is that this is our homeland, everyone speaks Armenian. The Syrian war caused Syrian Armenians to return to their homeland. Our country is only 22 years old, it’s still a child. And nobody has a right to demand anything without doing anything; we should all work together and develop it. If the situation in Syria normalizes, I won’t return there. I’ll stay here and continue my work,” Hovhannes said.

 

Filed Under: Articles Tagged With: Armenian, business, regains, Syrian

Turkey ship truck load of weapons to Syria and Bring Back Syrian business 32% all Turkey start up are Syrian 491 companies

May 15, 2015 By administrator

Turkey is engage of distraction of middle east to build Turkey’s economy on the back of ARAB’S

ANKARA – Anadolu Agency

n_82461_1Syrians started-up 32 percent of the total number of new companies established in Turkey by foreigners in the first four months of this year, according to data from the Union of Chambers and Commodity Exchanges of Turkey (TOBB). report

Syrians or Syrians in partnerships directly founded 491 companies, over 31 percent of the total number of start-ups by foreigners in the first four months of this year.

The total number of new companies or associations started-up in Turkey was 24,094 in the first four months of this year. Of these, 1,557 were started with foreign investors.

Out of the total number of foreign-funded companies for the January-April period, 113 were funded by German investors and 97 were started by investors from Iran.

Of the foreign-investor start-ups, more than one-third, or 580, operated in wholesale, retail trade and motor vehicle maintenance. Manufacturing ranked second with 212 firms, while the construction sector came third with 169 companies, the data showed.

A total of 6,022 new companies were established in Turkey in April, an increase of 22 percent compared with the same month of last year, while 894 companies went out of business.

The TOBB also said 8,222 companies were shut down in the country, 32 percent fewer than the figures of the previous year.

The number of companies established in Turkey with international capital in 2014 increased to 4,736, up from the 3,875 in 2013.

Out of the total number of foreign-funded companies in 2014, some 1,257 were funded from Syria, 302 were founded by German investors and 275 were financed by Iranian investors.

Filed Under: News Tagged With: business, startup, Syria, Turkey

How Turkey build its Economy on the back of Syrian refugees!

December 21, 2014 By administrator

Syrian refugees

Davutoglu Thesis, Turkey must establish economic hegemony over the Caucasus, the Balkans and the Middle East, bring to fruition,

Some 1,122 companies were founded by Syrians in Turkey this year. AA Photo

More than 26 percent of new companies started up in Turkey by foreigners in the first 11 months of this year were either set up by Syrians or partnered with Syrians, according to data from the Union of Chambers and Commodity Exchanges of Turkey (TOBB). reported by Anadolu Agency

Over 53,329 new companies or associations were started up in Turkey within the first eleven months of this year, of which 4,249 were foreign-partnered. Some 1,122, over 26 percent, of the foreign-partnered companies were founded directly by Syrians or partnered with local businessmen by Syrians Out of the total number of foreign-funded companies in November, 118 were funded from Syria, 36 were Iranian-funded, and 23 were financed from Iraq.

Muhammed Shreem, from Aleppo, is only one of thousands of Syrians who have fled their war-torn country.

“We had a family import and export company in Aleppo. We have opened a new company in Mersin, where our family has been harbored. We export construction materials and stationery from Turkey to Aleppo, one of the largest cities in Syria, and Idlib province in northwestern Syria,” says the 43-year-old Shreem, who has been in business in Mersin for two years. However, local business owners have complained about the situation bringing unfair competition.

“Syrians who have escaped from the civil war and taken refuge in Turkey should obey the rules of law in the country,” Talat Dinçer from the Mersin Tradesmen and Artisans Association said.

Şerafettin Asut, president of the Mersin Chamber of Commerce and Industry, said Syrian firms are in every sector, from logistics to real estate.

December/21/2014

 

Filed Under: Articles Tagged With: business, Syrian refugees, Turkey

Armenia best country for business in CIS: Forbes

December 18, 2014 By administrator

186346Armenia was ranked 56th in Forbes’ new Best Countries for Business – 2014 list, leaving behind its CIS neighbors – Azerbaijan was placed 60th, Russia 91st, Moldova 75th, Ukraine 88th, Kyrgyzstan 101st.

Among the regional states, Georgia took the 47th spot, Turkey – 50th, Iran – 132nd.

According to Forbes, Armenia has improved its position in the “monetary freedom” and “tax burden” criteria.

The neighboring Azerbaijan is estimated to have worsened its position in the “personal freedoms” criteria. “Azerbaijan has had a limited progress only in the market-oriented economic reforms. Corruption in the private sector and structural economic weaknesses remain an obstacle to growth, especially in the non-energy sector,” Forbes said.

United States was placed 18th in the ranking, with Denmark named the best country for business in 2014, followed by Hong Kong and New Zealand.

Filed Under: Articles Tagged With: Armenia, best, business, cis, Forbes

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