“KP photographer”, a person who worked for Nikol Pashinyan, “mandate thief”, etc. In the post-election period, many citizens remembered CEC President Vahagn Hovakimyan with these qualities, but Hovakimyan has a better opinion of himself.

“I can say with a simple front that the elections of June 7, 2026 were free and transparent compared to all previous elections. There were very few deficiencies,” he said during the last press conference.

By the way, back in 2022, when Pashinyan was praising his one-time colleague and party member on the occasion of his nomination, he adopted another similar high-style speech. He said: “Vahagn Hovakimya has fought for the justice of elections throughout his career, and he is a representative of a political team under whose leadership all the elections held in Armenia were qualified by the international community as free, democratic and competitive.”

We witnessed “democratic”, “competitive” elections especially a month ago, when Pashinyan’s main opponent in the parliamentary elections was under house arrest, and various legal processes were started against others.

Along with these and other records: 168․amwith the regular publication of the series of declarations, refers to the 2025 declaration of property, income, expenses and interests of Vahagn Hovakimyan, who was elected as the chairman of the CEC by voting for himself.

in 2022 On October 7, at the extraordinary session of the National Assembly, Vahagn Hovakimyan was elected the chairman of the Central Electoral Commission exclusively by the votes of the CP. By the way, his own voice was decisive for him in that choice. Four days before the election, the ruling MP withdrew from the “Civil Contract” in order to comply with the law’s requirement to be non-partisan, and then to be nominated for the post of CEC president from the same faction, CP.

In his declaration, the Chairman of the CEC mentioned 2 immovable properties, a residential house and a plot of land in the Ajapnyak community, which he received as a donation in 2023 and manages alone.

We are also informed that in the reporting year, Hovakimyan sold the “Nissan” car he bought in 2021 for 1 million 400 thousand drams.

About the official’s funds․

Instead of 405 thousand 380 drams and 6000 dollars at the beginning of the year, the balances of the former CP’s bank accounts increased to 1 million 424 thousand 797 drams and 6000 dollars at the end of the year. During the year, his cash resources also increased, from 1.5 million drams to 2 million drams at the end of the year.

Vahagn Hovakimyan’s income of 21 million 483,900 drams for the reporting year, 2025, according to the declaration, was generated from 2,978,699 drams of income tax refund received from Finnakh, 155,887 drams of income received from CEC and other civil law contracts and 18,349,314 drams from labor remuneration and other payments equal to it.

As of December 31 of the reporting year, the balance of the principal amount of loans and borrowings of the official amounted to AMD 34,890,659. the subject of the mortgage was the construction of the house. During the year, he directed 5,446,000 drams to repay the loan.

He also declared a 100 percent share in “Hovakimyanner N.M.” in a commercial organization.

Reminder: 2022 item presented in 2023 of the declaration According to the agreement, Vahagn Hovakimyan was in sole ownership in the Ajapnyak community of Yerevan in 2020. the structure received as a donation on December 7 (according to the declaration, the characteristics of the structure are: newly built, acquired and registered and evaluated by the authorized body managing the real estate cadastre, those buildings that have not yet received state registration of rights, as well as buildings and structures voluntarily built on that plot of land by persons with ownership or land use rights, including voluntary structures in apartment buildings or adjacent to buildings).

Again in the same year, another immovable property and two parcels attached to the privately owned land acquired by donation again in the same community.

According to the same declaration, in August 2021, Hovakimyan bought a Nissan car. At the beginning of the year, his bank funds were 6010 USD and 431 thousand AMD, at the end of the year – 6000 USD and 335 thousand AMD. The available cash was 500 thousand drams at the beginning of the year, and 2 million drams at the end of the year.

The income of the reporting year was about 9 million 181 thousand drams, which Vahagn Hovakimyan received from the National Assembly, before being elected as the chairman of the CEC, in the amount of 6 million 142 thousand drams, and from the CEC in the amount of 3 million 39 thousand drams.

The declaring official also declared a 100 percent share: “Hovakimyanner N.M.” in a commercial organization whose activity, according to the SRC, is temporarily suspended.

Vahagn Hovakimyan’s wife, individual entrepreneur Lusine Movsisyan, did not disclose any information in the declaration.

Let’s note that the figure who left the “Civil Agreement” party on an opportune occasion was one of the founders of that party and also a member of the board. In general, Vahagn Hovakimyan’s work is directly related to Nikol Pashinyan. The Chairman of the CEC was a journalist of the “Haykakan Zhamanak” newspaper, then an assistant to MP Nikol Pashinyan, and later a deputy of the ruling power.

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