The Prosperous Armenia Party lost its 4% margin after the election results were clarified.

Businessman Gagik Tsarukyan's Prosperous Armenia Party has failed to gain seats in parliament following clarification of data by the Central Election Commission.

According to the "Caucasian Knot," Armenia will continue its course toward rapprochement with the European Union, but will retain membership in the Eurasian Economic Union (EAEU) and continue to develop relations with both Russia and other member states of this association, noted Nikol Pashinyan, leader of the "Civil Contract" party.

The Central Electoral Commission of Armenia has adjusted the preliminary results of the parliamentary elections in the country. The elections held on June 7th. Businessman Gagik Tsarukyan's Prosperous Armenia Party lost its 4% threshold and will not enter the new parliament.

As Vahagn Hovakimyan, head of the Central Election Commission of Armenia, announced at a press conference, the data has been adjusted, in part, to account for the fact that electronic voting data was not initially taken into account.

"The Civil Contract Party received 49.825% of the vote. The Strong Armenia bloc received 23.281%, and the Armenia bloc received 9.934%. The Prosperous Armenia Party received 3.996%," News.am quotes Hovakimyan as saying. Turnout in the elections was 58.97%.

As a reminder, the threshold for parties was 4%, and for blocs, 8%. Thus, the opposition gained a total of 37.23% of the vote.

As a reminder, analysts interviewed by the "Caucasian Knot" previously noted that the "Prosperous Armenia" party of oligarch Gagik Tsarukyan, the "Armenia" bloc of former president Robert Kocharyan, and the "Strong Armenia" bloc of businessman Samvel Karapetyan are the most pro-Russian participants in the Armenian parliamentary elections.

The parties of Samvel Karapetyan, Prime Minister Nikol Pashinyan, and Robert Kocharyan are key competitors in the elections, analysts clarified.

The "Caucasian Knot" also wrote that Russia's recent political steps, which have increased political and economic pressure on Armenia, have strengthened the convictions of both pro-Russian and pro-Western voters.