World Library  
Flag as Inappropriate
Email this Article

Gagik Tsarukian

Article Id: WHEBN0023434113
Reproduction Date:

Title: Gagik Tsarukian  
Author: World Heritage Encyclopedia
Language: English
Subject: Armenian International Airways, List of companies of Armenia, Prosperous Armenia, Ararat Cement
Publisher: World Heritage Encyclopedia

Gagik Tsarukian

Gagik Tsarukyan
Գագիկ Ծառուկյան
Personal details
Born (1956-11-25) 25 November 1956 (age 57)
Arinj, Soviet Armenia
Political party Prosperous Armenia
Spouse(s) Djavahir Tsarukyan
Children Roza
Alma mater Yerevan Institute of Physical Culture

Gagik Tsarukyan (Armenian: Գագիկ Ծառուկյան),[1] also known by his nickname Dodi Gago (Armenian: Դոդի Գագո)[2][3][4][5][6][7] is an Armenian politician and a wealthy businessman.[8] He is seen as the most influential of Armenia's government-connected "oligarchs" and key business partner of Kocharyan[3][9][10] owning over a dozen big businesses and living in a very large villa on a hilltop overlooking the northern outskirts of Yerevan.[3]

Tsarukyan is the founder and current leader of Prosperous Armenia Party [11] and also the president of Armenia's National Olympic Committee[12] (was reelected on December 4, 2008).[13]

Tsarukyan graduated from Armenian State Institute of Physical Culture in 1989, had achievements in sports, was engaged in boxing, wrestling and arm wrestling. In 1996 Gagik Tsarukyan was given a title of world champion in arm-wrestling, and in 1998 champion of Europe.[1]

Since 1989 Tsarukyan has been engaged in entrepreneurship. In 1995 he founded and presided "Multi Group" concern which now includes more than 30 enterprises:Ownership of NOY in question

Since 2003 Tsarukyan has been a RA National Assembly deputy. On May 25, 2003 he was elected as a deputy in the National Assembly of Armenia from District 42 after running unopposed, later becoming a member of the National Assembly's Standing Committee on Defense, National Security and Internal Affairs; he was not a member of a parliamentary faction during this term.[1] In late 2005 he founded the Prosperous Armenia Party.[8] During the first congress of Prosperous Amenia Party, on April 30, 2004, Tsarukyan was elected as its president.[11] During the fourth congress of the party, on February 12, 2009, Tsarukyan was re-elected as the party president.[18] He was re-elected to the National Assembly in the May 2007 parliamentary election from District 28 as a Prosperous Armenia candidate. Following this election he became head of the Prosperous Armenia parliamentary faction and a member of the Committee on the Protection of Human Rights and Public Affairs in June 2007.[1]

Javahir Tsarukyan is Gagik Tsarukyan's wife. They have six children.[1]



Gagik Tsarukyan was born in Nikolay and Roza Tsarukyans’ family. Nikolay Tsarukyan, father of the family, is an electrical engineer by profession now is engaged in social activities. Roza Tsarukyan, Gagik Tsarukyan’s mother, is an accountant now is managing research-and-production center of "Multi Agro" LLC[19] and at the same time is the honorable chairman of Prosperous Armenia Party Women council.[20]


Tsarukyan studied at Arinj village school. Till now Mr. Tsarukyan visits Arinj school several times a year and meets with the teachers. Gagik Tsarukyan met his future wife Javahir Tsarukyan in Arinj school, who was also studying at that same school. Gagik Tsarukyan was distinguished with physical abilities and that fact really had influence on his higher education choice.[21]


Gagik Tsarukyan’s wife is Javahir Tsarukyan. Mr. and Mrs. Tsarukyans have 6 children.[1]

Roza, Gayane and Emma Tsarukyans have graduated from Anania Shirakaci College with honors. Roza and Emma are studying at Yerevan State Medical University. Gayane Tsarukyan has graduated from Yerevan State University Faculty of Law with honors.

Anahit and Nver are studying at Anania Shirakaci College.

Hovhannes, the youngest member of the family, will go to school next year.[21]


Entrepreneur Gagik Tsarukyan

Tsarukyan started his business activities in the 1980s. During 1990-1992 Gagik Tsarukyan was the executive director of "Armenia" company and in 1992 he was involved in animal husbandry activities. He established a dairy production enterprise in Arinj village, Abovyan Region (now Kotayk Marz).[14] In 1995 Gagik Tsarukyan founded and presided "Multi Group" concern[22] which now includes Kotayk Abovyan beer factory, Yerevan Chemical Pharmaceutical Company,[23] "Mek" Network of Furniture Stores,[24] Yerevan Ararat Brandy-Wine-Vodka Factory,[25] "Ararat" cement Factory,[26] "Aviaservice" JSC,[22] "Multi Stone" stone Processing Company,[27] "Multi Rest House" Company,[28] "Global Motors" CJSC,[29] "Multi City House" Company[30] and other companies and organizations.

In 2002, Yerevan Ararat Brandy-Wine-Vodka Factory was given a new lease of life after having a new owner and after becoming a part of Multi Group Concern. With the efforts made by Gagik Tsarukyan 50 million US dollar-equivalent Armenian drams were invested for the modernization and constructional works, in obtainment of new line of bottling and oak barrels. Gagik Tsarukyan took care of one matter the essence of which lies in the specialists and technologists of the factory restoring the factory's wealth of experience that was accumulated during many years of the company’s existence by means of the old manuscripts, museum exhibits and family archives. The lost glorious name Armenian Cognac was also restored. "Ararat" Brandy-Wine-Vodka Factory is one of the unique factories, where 50 and more years old cognac spirits are kept.German investment fund accuses Multigroup of having deprived them from their right of ownership.

Gagik Tsarukyan and sports

Sports Achievements

Tsarukyan took part in sports since his school years. He went for boxing, wrestling and arm wrestling. Tsarukyan graduated from Armenian State university of Physical Education in 1989 was a teacher of physical education and sports and also a wrestling coach.[22] Tsarukyan had achievements in sports, in 1996 he was given a title of world champion in arm-wrestling, and in 1998 champion of Europe.[31]

Gagik Tsarukyan – The president of Armenian National Olympic Committee

Tsarukyan is the president of Armenian National Olympic Committee, was reelected in 2004.[12] Armenian athletes under the leadership of Gagik Tsarukyan showed an unprecedented result during 2008 Beijing Olympic Games, returning with 6 bronze medals.[32]

On December 4, 2008 Gagik Tsarukyan was unanimously reelected as NOCA president by the general assembly of Armenian National Olympic Committee.[13]

Political Activity

Gagik Tsarukyan has been engaged in politics since 2000-s. Three years later during third convocation of National Assembly elections which took place on May 25, 2003 Gagik Tsarukyan was elected as NA deputy from 42 electoral district.[1] During NA third convocation years Gagik Tsarukyan acted as independent deputy, was not represented in any faction or any deputy group. From 2003 till 2007 Gagik Tsarukyan was the member of RA NA Defense, National security and Interior affairs standing committee.[33]

Prosperous Armenia Party establishment

Tsarukyan established Prosperous Armenia Party in 2004. In that same year, during the first congress of "Prosperous Armenia’ Party which took place on April 30, 2004, Gagik Tsarukyan was elected as the president of the Party. As a result of National Assembly elections which took place on May 12, 2007 Prosperous Armenia Party led by Mr. Tsarukyan got 204 443 votes[34] receiving 25 mandates in NA.[1] During the fourth congress of Prosperous Armenia Party which took place on February 12, 2009, Tsarukyan was reelected as the president of the party.[35] As a result of Prosperous Armenia Party fourth congress 93 member PAP political council was elected. Gagik Tsarukyan is the chairman of newly elected PAP Political council.[36]

Gagik Tsarukyan–the chairman of NA Prosperous Armenia Party faction

Prosperous Armenia Party has 27 deputies in Armenia's National Assembly[37] and Prosperous Armenia faction led by Gagik Tsarukyan, is the second in NA by its number of representatives.[1] There are 25 members in "Prosperous Armenia" faction. Deputies Martun Grigoryan[38] and Rustam Gasparyan[37] are also the members of Prosperous Armenia Party.

Business assets

Tsarukian owns several businesses and rose to prominence in the late 1990s as a minority shareholder in a French-owned brewery in Abovian. His business holdings have since expanded, aided by his close ties with then President Robert Kocharian.[39]

Tsarukian's holding company is "Multi Group" which comprises over 40 small and large businesses.[40] In March 2006, Tsarukian sold his 29 percent stake in the Kotayk brewery to French beer magnate Pierre Castel for about $4 million.[41]

Businesses that are part of the Multi Group conglomerate include:

  • Multi Lion, an Armenian supplier of liquefied gas to households, cars and buses, is fifty percent owned by Multi Group and fifty percent owned by Aleksandr Sarkisian, the brother of Armenia's president Serge Sarkisian.[42]
  • Multi Stone, stone processing company[43]
  • Yerevan Ararat Brandy, Wine and Vodka Factory[43] Tsarukyan is currently accused[by whom?] of having deprived ownership rights of other investors in this company. Currently there are several court hearings pending.

Low income reporting and tax payments

Despite maintaining an extravagant lifestyle, Tsarukian's companies post only modest revenues. His cement factory in Ararat—officially the most profitable of his businesses—occupies only the 45th place in the Armenian Statistical Service's annual ranking of tax payers, with tax contributions totaling 1.3 billion drams in 2007 (about $3.8 million USD in 2007). In contrast, another smaller Ararat-based plant (which smelts gold ore) paid more taxes despite standing idle during much of 2007 due to a change of ownership.[44]

Despite being lucrative, the vast majority of Tsarukian's Multi Group businesses were not included in the list of the country's leading corporate taxpayers released by the Armenian government in early 2005.[42]

Links to criminal leaders

Close ties between Pzo and Chairman of the Prosperous Armenia Party Gagik Tsarukyan were covered on media from time to time. Tsarukyan ensured Armen Ghazaryan's (nicknamed Pzo) safe entry to Armenia through the mediation of the former chief of Armenian Police Hayk Harutyunyan. [45]

Awards and medals

In 2002 Tsarukyan was awarded with St. Grigor Lousavorich order by the Supreme Patriarch of all Armenians Garegin II highly evaluating Mr. Tsarukyan‘s activity towards church construction.[1]

In 2003 upon the decree determined by the president of the Republic of Armenia Robert Kocharyan the president of Armenian National Olympic Committee Gagik Tsarukyan, who had his great input in the development of RA sports, was honored with Movses Khorenatsi medal.[46]

On September 17, 2008 upon RA president Serzh Sargsyan decree, Tsarukyan was honored with "Services provided to the motherland" first rank medal for the great input he had in the development of RA sports and physical education.[47]

On May 11, 2009 Tsarukyan was awarded with "European of the year"[48] by the International European movement.

On September 12, 2009 European Judo Federation honored NOCA president Gagik Tsarukyan with gold medal.[49]


  • Tsarukyan accused of depriving German firm from its ownership in Yerevan Ararat Wine Factory
  • Stockholders take Gagik Tsarukyan´s Yerevan Ararat Wine Factory to court
  • Ostinvestor vs Yerevan Ararat Wine Factory Trial
  • Due to Tsarukyan, German firm considers Armenia as unsafe place for investments
  • Will Tsarukyan Pay German Firm?

Video Materials

  • GAGIK TSARUKYAN "Animal Cruelty"

External links

  • Information about Gagik Tsarukyan and his family in Prosperous Armenia Party website
  • Biographical information about Gagik Tsarukyan in RA National Assembly website
  • Video materials about the Gagik Tsarukyan’s activities in Youtube
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from World eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.