Armenia - The Presidency

Fixed Income   Retirement Planning   Roth IRA   Money Market   Tax Planning   Risk Management   Convertible Bonds   Technical Analysis   

As it has developed in the 1990s, the Armenian presidency is the most powerful position in government. More than a ceremonial head of state, the president is the most active proposer of new legislation, the chief architect of foreign and military policy, and, during Armenia's prolonged state of national emeÍÍÍÍrgency, the unchallenged center of government power in many areas.

Levon Ter-Petrosian, a former philologist and a founding member of the Karabakh Committee, became the first president of independent Armenia in 1991. Ter-Petrosian has occupied the political center of Armenian politics as the single most important politician in the country and the principal advocate of moderate policies in the face of nationalist emotionalism. The parliamentary plurality that Ter-Petrosian's party, the Armenian Pannational Movement (APM), enjoyed at the formation of the republic in 1991 enhanced presidential authority at the expense of parliament, where the majority of seats were divided among many parties. Beginning in 1992, Ter-Petrosian took several controversial unilateral actions on major issues, which brought accusations of abuse of power.

Data as of March 1994


Next Page    Prev Page    Index Page    

Other Links:  MarketSigns.com  Bonds  IRS Procedures  IRS FAQ's  IRS Tax Info  Employer's Guide for Tax  Individual Federal Tax    
Countries  Philippines  Poland  Portugal  Qatar  Romania  SaudiArabia  Seychelles  Singapore  Somalia