the current legislation on privatization and participated in the development of government programs of privatisation and housing and municipal reform. On August, 18th, 1997 he was seriously injured and died in hospital. Tigran Sargsyan Tigran Sargsyan was a Prime Minister of Armenia in 2008—2014. From 1980 to 1983, he attended Leningrad Voznesensky Finance and Economics Institute. In 1987 his postgraduate education ended in obtaining a PhD degree. From 1987 to 1990 he worked as the Chief of Department for Foreign Economic Relations of Scientific Researches Institute of Economic Planning in Armenia. From 1988 to 1993 he worked at the post of the Chairman of republican Council of Young Specialists and Scientists. From 1990 to 1995 he was a member of Supreme Council of Armenia and the Chair of Standing Commission for Financial, Credit and Budget Affairs. From 1995 to 1998 he was the Director of Scientific Research Institute of Social Reforms. From 1995 to 1998 he was the Chairman of the Armenian Bank Association. Sargsyan occupied the post of the Chairman of the Central Bank of Armenia (CBA) in 1998 and was re-elected by the Armenian National Assembly as the CBA Chairman for a second seven-year term on 2 March 2005. As many as 92 MPs participated in the vote, of which 86 cast their vote for his candidacy. On 9 April 2008 he was appointed as the Prime Minister of Armenia by President Serzh Sargsyan upon the latter's inauguration. Shamil' Valitov was the head of Kazan State Finance and Economics Institute. He graduated from Leningrad Finance and Economics Institute in 1976. Since 1984 after his postgraduate study in LFEI he has been working in Kazan Finance and Economics Institute from junior researcher to professor. In 2000 he became research vice-rector and since 2000 he has been the head of KSFEI. His research findings are being used by such companies as SNEMA, Khimprom, Nizhnekamskneftekhim and many others. He participated in developing the energy saving conception and program in Kazan in 2001. He was elected a member of the Academy of Labor and Employment in 1999, a member of the Academy of Humanities in 2001, a member of the Tatarstan Republic Academy of Informatization in 2003 and a member of the International Telecommunication Academy in 2005. Valitov was also a member of different government commissions. In 2000 he was awarded the honorary title of the Honoured Economist of the Tatarstan Republic