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Lawyer, founding member of the Righteous Armenia public initiative Norik Norikyan is convinced that the oligarchy has not disappeared in Armenia, even after the 2018 revolution.
Moreover, they have preserved their resources, not a ‘hair’ has reduced from their heads, and they have not been held accountable for what they have done in previous years. Their activities have been legitimized by the current authorities, and they have turned from an oligarch a major proprietor, he added.
The lawyer also believed that the business environment in Armenia has not been completely brought to the tax arena, and shadow economy has not completely disappeared in the country.