YEREVAN. – Prosperous Armenia Party (PAP) Chairman Gagik Tsarukyan issued a statement Thursday and announced that the PAP considers it inexpedient to take part in the formation of a coalition government in the country.   

“The Prosperous Armenia [Party] received close to half-million votes as a result of the parliamentary elections. [But] In line with the election results, the PAP does not have the constitutional opportunity to form a government and carry out its programs.

Based on the aforesaid, I formally announce that the Prosperous Armenia Party deems it inexpedient to take part in the formation of a coalition government.    

[But] The PAP will continue to play a significant role in our country’s politics. The PAP will have a very active and working faction in the National Assembly.

I sincerely wish success and effective work to Armenia’s new government to be formed, [and] for the welfare of our country and people,” Gagik Tsarukyan’s statement reads in particular.