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The secret of bonuses. governors hide the distribution of 4.3 billion

Photo: hetq.am

During the last five years, the employees of the regional administrations of Armenia received more than 4.3 billion drams as bonuses. However, the distribution of these huge state funds is accompanied by serious problems of transparency. some governors avoid disclosing the actual incomes of their management staff, citing tax returns, and available statistics reveal a huge financial gap between the incentives of high-ranking officials and rank-and-file employees.


According to the inquiries of “Hetk” periodical, the leadership of Syunik and Vayots Dzor, out of the ten marzes of the country, actually refused to provide complete information regarding the 2021-2025 bonus payments. Vayots Dzor Marz Governor Vahagn Arsenyan and Syunik Marzpetaran explained that the incomes of high-ranking persons are reflected in their annual declarations.


However, this argument has a purely formal nature, because in the official documents, the data of which 2025 will be published only at the end of May 2026, the basic salary and bonuses are not separated. In addition, Armavir and Shirak governorates hid the exact number of awarded employees, which makes it impossible to calculate the average indicators of the departments.


The dynamics of payments by regions creates a contradictory picture. In 2025, the total fund of awards decreased in Gegharkunik, Aragatsotn, Lori and Kotayk, but increased noticeably in Ararat, Armavir, Tavush and Shirak. At the same time, the averaged figures hide the deep disparity within the marzpets themselves. A clear example is the situation in the Kotayk region, where in 2025 the governor of the region Aharon Sahakyan and his two deputies received a total of more than 25 million drams in bonuses, while 81 rank-and-file employees received about 77 million drams together.


As a result, the management received an average of almost 8.5 million drams, while ordinary employees received less than one million. It is noteworthy that, compared to 2024, the bonuses of the heads of the Kotayk regional administration have increased sharply against the background of a tangible reduction of the remuneration fund of subordinates.

CP presented the candidacy of Martin Galstyan for the post of Central Committee President

Photo: cba.am

The ruling “Civil Agreement” faction of the Armenian Parliament has nominated Martin Galstyan for the post of Central Bank President. The profile committee has already approved this initiative, highly appreciating the regulator’s efforts to maintain macroeconomic stability in the face of global crises. The final decision will be made at the May plenary session of the National Assembly.


The issue of nomination of the candidate was discussed at the meeting of the Standing Committee on Financial, Credit and Budgetary Issues held on April 6. Speaking before the deputies, Martin Galstyan summarized the work done by the structure since 2020. He emphasized that macroeconomic stability has no alternative and is one of the fundamental preconditions for the development of the society and the state.


The candidate paid special attention to the strategic steps of the Central Bank, which allowed the country’s financial system to withstand periodic external shocks. In particular, he noted the efficiency of foreign exchange interventions and competent use of state reserves in order to stabilize the markets. Galstyan expressed his belief that the main key to successfully facing any challenge is the presence of a high-quality professional team, stressing the desire to make the RA Central Bank one of the best in the world.


During the professional discussion, he also answered the parliamentarians’ questions regarding the inflation rate, bank liquidity, monetary policy directions and future joint legislative reforms. Based on the results of the discussion, the commission voted in favor of proposing Galstyan’s candidacy to the National Assembly, urging to include the issue in the agenda of the May 5 session.

Asbarez: Armenia’s Artur Davtyan Wins Gold at Gymnastics World Cup

Armenian gymnast Artur Davtyan has claimed a gold medal at the fourth stage of the FIG Artistic Gymnastics World Cup, currently taking place in Cairo, Egypt. Davtyan delivered a standout performance in the men’s vault final, earning top honors and reaffirming his status as one of the sport’s leading athletes.

A silver and bronze Olympic medalist, as well as a world champion and three-time European champion, Davtyan once again demonstrated his consistency and excellence on the international stage.

Earlier in the competition, fellow Armenian gymnast Hamlet Manukyan also secured a gold medal. He triumphed in the pommel horse final with a score of 14.800, adding another major achievement to Armenia’s tally at the event.

Meanwhile, Armenia’s Artur Avetisyan won a silver medal in the rings final. He finished second with a score of 14.300, contributing to a strong overall performance by the Armenian team in Cairo.

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