Is tycoon revolt coming in Armenia?

Is tycoon revolt coming in Armenia?

Armenia's tycoons are worried that Armen Sargsyan, nominated as its presidential candidate by the ruling party, will appear in the country’s business life, local media reported.

"They are convinced that President [Serzh] Sargsyan will attempt to get business domains for himself, and that is possible solely at the expense of others," the Zhamanak newspaper writes.

"In the near future, the oligarchy could put information discrediting Armen Sargsyan into circulation, and which will force him to give up his presidential ambitions," News.am cited the newspaper as saying.

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