YEREVAN. – Two more Armenian presidential candidates decided to not run in the forthcoming elections arguing that the collateral for submitting formal nominations is too high.    

During a press conference on Thursday, “Time of the Essence” Socialist Movement Coordinator Robert Aharonyan, who had self-nominated, announced that he will no longer run for president. He considered it silly to spend such amount and promised to spend it on his own programs. 

Armenian Combat Karate Kobudo National Federation President, non-party affiliate Taron Abrahamyan, who, just like Aharonyan, had not paid the formal AMD 8 million (approx. $19,805) collateral, likewise announced that he will no longer run in the presidential elections. 

To note, Prosperous Armenia Party member, self-nominated Ruben Ayvazyan had announced Wednesday that he will no longer run for president.