YEREVAN. – The tycoons of Armenia are worried that a new tycoon competitor, ambassador to UK Armen Sarkissian—whom the ruling party has nominated as its presidential candidate—will appear in the country’s business life, according to Zhamanak (Time) newspaper.

“They are convinced that President [Serzh] Sargsyan will attempt to get business domains for himself, and that is possible solely at the expense of others.

“In the near future, the oligarchy [of Armenia] could put information discrediting Armen Sarkissian into circulation, and which will force him to give up his presidential ambitions.

“And such [information], according to our source, exists,” wrote Zhamanak.