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DOES ARMENIA'S PARLIAMENT SPEAKER HAVE A GREEN THUMB? ABRAHAMYAN & WIFE MAKE MILLIONS SELLING FARM PRODUCE
Grisha Balasanyan
hetq
17:52, July 9, 2012
Here's another example of a top Armenian official raking in the
big bucks.
This time, it's National Assembly President Hovik Abrahamyan and his
wife Julieta. The source of their millions is...farming.
You might ask what does a parliamentary speaker know about tilling
the land and related matters. Does the guy have a green thumb?
Even the most successful farmers would be envious, let alone your
average rural residents who are up to their neck in bank debt just
to work a small family plot.
In 2011, Hovik Abrahamyan had total revenues of 43.6 million AMD;
some 40 million from selling agricultural produce. The other 3.6
million was his salary.
His cash assets are nothing to sneeze about either - AMD 290 million
and $2 million.
Julieta is better off financially than her spouse, Last year she had
AMD 300 million and $2.9 million.
Her revenues also surpass that of her husband, totalling AMD 45
million from the sale of farm produce.
Just for comparison, Hovik Abrahamyan declared AMD 29.9 million in
revenue for 2009 and 25.5 million in 2010.
Whether they make their money selling the produce grown by others or
on their own lands, we can't say.
Maybe they would be nice enough to impart some of their "trade secrets"
to Armenia's other tillers of the soil.
They sure need the help.
Grisha Balasanyan
hetq
17:52, July 9, 2012
Here's another example of a top Armenian official raking in the
big bucks.
This time, it's National Assembly President Hovik Abrahamyan and his
wife Julieta. The source of their millions is...farming.
You might ask what does a parliamentary speaker know about tilling
the land and related matters. Does the guy have a green thumb?
Even the most successful farmers would be envious, let alone your
average rural residents who are up to their neck in bank debt just
to work a small family plot.
In 2011, Hovik Abrahamyan had total revenues of 43.6 million AMD;
some 40 million from selling agricultural produce. The other 3.6
million was his salary.
His cash assets are nothing to sneeze about either - AMD 290 million
and $2 million.
Julieta is better off financially than her spouse, Last year she had
AMD 300 million and $2.9 million.
Her revenues also surpass that of her husband, totalling AMD 45
million from the sale of farm produce.
Just for comparison, Hovik Abrahamyan declared AMD 29.9 million in
revenue for 2009 and 25.5 million in 2010.
Whether they make their money selling the produce grown by others or
on their own lands, we can't say.
Maybe they would be nice enough to impart some of their "trade secrets"
to Armenia's other tillers of the soil.
They sure need the help.