Armenian president’s inauguration costs $67,000

Organization of Armenian President Serzh Sargsyan’s inauguration by Loma Systems registered in Artik was worth 28 million drams ($67,000), Zhokhovurd reports.

The president’s residence spent 5.8 million drams to buy 5 carpets and over 17 million drams on guests.

Over 30% of Armenia live in poverty.