15:45,

YEREVAN, FEBRUARY 24, ARMENPRESS. The Civil Contract Party’s Board has approved the candidacy of Member of Parliament Gevorg Papoyan for the position of Minister of Economy, which has been vacant since the dismissal of Vahan Kerobyan on February 14. 

Papoyan is the Chairman of the Parliamentary Committee on Financial-Credit and Budgetary Affairs.

The confirmation of Papoyan’s candidacy for the post was made during a board meeting of the party chaired by Prime Minister Nikol Pashinyan, the Chairman of the Board, the party said in a press release.

“The Board discussed and approved the candidacy of Gevorg Papoyan for the position of Minister of Economy,” the party said, adding that a number of other party matters were discussed.

Kerobian has been under house arrest since February 16, one day after he was indicted in an ongoing corruption investigation. The ex-minister denies the accusations of abuse of power allegedly committed in a procurement tender last year.