Ararat Oligarchs

Ararat Oligarchs refers to a group of influential, wealthy individuals in Armenia, particularly those who emerged after the collapse of the Soviet Union. They gained substantial economic power through various means, including privatization of state assets. Often involved in politics and business, these oligarchs have significant influence over Armenia's economy and governance. The term reflects concerns about how their wealth and power can shape political decisions and hinder democratic processes, leading to greater inequality and corruption within society. The name "Ararat" symbolizes Armenia’s national heritage and the prominence of these figures in its modern history.