October 14, 2026
Loud announcements are being made behind the scenes of the UN Biodiversity Summit (COP17) in Armenia regarding the procurement process of organizing the event.
Deputies of the “Strong Armenia” opposition faction publicize concrete documentary examples, pointing out the unprecedentedly inflated expenses of the state budget and corruption risks. contracts, where only one thread of the badge was bought for 1248 drams, vehicle rental prices are three times higher than the market price, and the cost of just one unit of special packaging was set at 25,000 drams, etc.
The opposition emphasizes that it is not against the holding of this important international event, but condemns the conclusion of exclusive contracts worth millions of dollars and the waste of funds under its veil. And the responsible departments counter that all purchases made from the general budget of 18.5 billion drams are made exclusively according to the strict standards imposed by the United Nations.
Economist Hrayr Kamendatyan according to the assessment, the entire procurement process, in general, has been soaked with possible subjective behavior and opportunities for intervention for about 30 years.
168․amIn a conversation with “For that, at least, as a first step, the threshold of purchases made by 1 person should be set, because we also have a problem with contractors and subcontractor abuses. The 2nd condition is that the insurance fee, the deposit fee should be reduced, because the deposit fee is quite high, and many entrepreneurs, who are representatives of small and medium businesses, cannot participate in the tenders. The same people participate with big money, the same people participate with big money, they take the right to tenders with them, naturally, that subjective behavior related to them is much more profitable.”
Referring to the initiative of the parliamentary opposition to publicize the facts, the economist noticed that those who try to oppose on that topic can submit reports about the crime.
“What problem? Give it to the Prosecutor’s Office, give it to the Investigative Committee. be sure that they will find those multi-million abuses, simply theft.
Professional circles parallel this with the subject of the state’s credit obligations, noticing that the taken loans and state funds do not serve the long-term development of the economy, but are wasted on inflated purchases (such as COP17 souvenirs or brand gifts worth 290 million drams).
“For example, in 2026, Armenia will have to pay only loan service in the amount of 2 billion dollars. those 2 billion, you can’t imagine what kind of money it is, that money simply goes out of economic activity, with it the state’s opportunities to meet social needs, social demands, Hrayr Kamendatyan mentioned, referring to the topic and added that one of the consequences of taking those loans is the reduction of funeral allowances, the abolition of social packages in 2027, – What is all this about? It’s from a bad life, from that enormous amount that hangs on the neck of the Republic of Armenia.”
According to him, the enormous debt burden has two ways of service: either delaying the implementation of service payments for a certain time, or instead of spending the money on social and security opportunities, direct the money to debt service, “send it to various foreign capitalist corporations, which both manage Armenia and, in a political sense, create a comfortable government and power in Armenia for them.”
—
Disclaimer: This article was contributed and translated into English by Emma Nadirian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2026/10/15/give-it-to-the-prosecutors-office-the-investigative-committee-rest-assured-they-will-find-that-multimillion/