The square writes:
CEC President Vahagn Hovakimyan, who has held this position since October 2022, and who is remembered since the election, election, less than a year after taking office in 2023. In June, he received a private house and a plot of land in Ajapnyak administrative district of Yerevan. Hovakimyan is also building a private house, for which he took a construction loan. 2025 the last balance of his loan was 34 million 890 thousand 659 drams.
Vahagn Hovakimyan "Hovakimians N.M." is the 100 percent shareholder of the company. Hovakimyan sold his "NISSAN" car for 1.4 million drams during the year.
At the end of the year, there were 1 million 424 thousand 797 drams and 6 thousand dollars in his bank accounts, and he had 2 million drams in cash. His income was 21 million 483 thousand 900 drams, of which 18 million 349 thousand 314 drams came from salary, and the rest from income tax. That is, Vahagn Hovakimyan received a monthly salary of about 1.5 million drams.
Unlike her husband, Hovakimyan's wife, Lusine Movsisyan, has a modest salary and funds. The latter had only 45,000 drams in his bank account, 120,000 drams in bank deposits, and received only 100,000 drams of income from "Lusine Rubiki Movsisyan" during the year.
