Forbes: Armenian President, DM, Minister of transport in richest 10

Arka News Agency, Armenia
Dec 16 2006

FORBES: ARMENIAN PRESIDENT, DEFENSE MINISTER, MINISTER OF TRANSPORT
IN RICHEST TEN IN ARMENIA

YEREVAN, December 15. /ARKA-Novosti-Armenia/. Armenian President
Robert Kocharyan, Minister of Defense Serge Sargsyan, as well as
Minister of Transport and Communication Andranik Manugyan are among
the ten richest people in Armenia, says an Armenian version of the
"Forbes" magazine presented in Yerevan on Friday.
The aforementioned people rank 7th, 8th and 9th in the list topped by
the President of the Multy Group concern, member of the Armenian
Parliament and Chairman of the "Prosperous Armenia" party Gagik
Tsarukyan. Chief of the RA Customs Committee Armen Avetisyan ranks
2nd, President of MIKA Armenia Trading Miklhail Bagdasarov 3rd, Hrant
Vardanyan (Grand Tobacco) 4th, the Sukiasyan family (SIL concern)
5th, Yerevan Mayor Yervand Zakharyan 6th . RA Minister of Justice
David Harutyunyan ranks 10th I the list.
The Forbes asked experts to compare Armenia’s richest people with the
world’s tycoons. Opinions differ. Some think that the local ones are
rich according to local criteria. One of the experts stressed that
the financial potential of all the ten cannot compete with that of
the wife of Moscow Mayor Yuri Luzhkov. Other experts say that the
first two can at least compete with the world’s magnates. P.T. -0–