Men’s boxing team to attend training camp in Georgia

Azerbaijan’s men’s national boxing team will hold a training camp in Tskaltubo, Georgia, as part of preparations for the upcoming European Championships in Bulgaria.

The team, led by head coach Ravshan Khojayev, departed for Georgia with 17 boxers.

The training camp will continue until September 10. During this period, the Azerbaijani boxers will train alongside athletes from Georgia, Belarus and Israel and will also take part in sparring bouts to assess their readiness.

The camp represents the final stage of the team’s preparations for the European Championships, which will be held in Bulgaria.

Boxing is known as one of the oldest sports in the history of humankind.

The earliest evidence of boxing dates back to Egypt around 3,000 BC.

This sport was introduced to the ancient Olympic Games by the Greeks in the late 7th century BC.

In 1924, the International Amateur Boxing Federation (FIBA) was established.

Since 1946, it has been referred to as the International Boxing Association (AIBA). Boxing made its Olympic debut at the 1904 Games in St. Louis.

In 1926, the boxing championship was held for the first time in Azerbaijan, where national boxers took first place.

Since 1992, the Azerbaijani Boxing Federation has become a full member of the International Boxing Association (AIBA).

Azerbaijani boxers have won many prestigious awards at many international championships.

Aghasi Mammadov has entered Azerbaijan’s history of boxing as the first national boxer to win a gold medal at the world championship.

Another Azerbaijani boxer, Fuad Asadov, was among the medallists at the 2004 Summer Olympic Games.

Many times, Azerbaijan has been chosen as the host country for major boxing championships.

The AIBA Youth World Championships were held in Baku in 2019. This world championship was the first licensed youth tournament to qualify for the 2010 Olympic Games held in Singapore.

The country also hosted the 2011 AIBA World Boxing Championships, which was the first major qualifying event for the London 2012 Olympic Games.

SALAM Int’l Youth Film Festival opens in Baku

The opening ceremony of the fifth SALAM International Youth Film Festival was held at the Nizami Cinema Center.

The festival is organized by Narimanfilm Studio with the support of the Azerbaijan Culture Ministry and the Azerbaijan Cinema Agency (ARKA).

PASHA Holding is the festival’s general sponsor, while the Nine Senses Art Center is the special partner of the cultural and educational programme. The festival is taking place at the Nizami Cinema Center from August 24 to 27, bringing together young participants, film industry professionals and international guests. The festival promotes the idea that cinema can help people understand one another, overcome cultural and social barriers and discover new talent, a Trend correspondent reports.

Guests and delegations from Indonesia, Turkiye, Moldova and Poland also attended the opening ceremony. Their participation highlighted the festival’s role in promoting cultural exchange, professional cooperation and new connections in the film industry.

Speaking at the opening, festival General Manager Tamara Mammadova said SALAM is more than a series of film screenings. She described it as a space where children and teenagers can express their ideas, discover world cinema, meet film professionals, develop their creativity and create their own stories.

Mammadova also stressed that young participants are active members of the festival. They watch and discuss films, meet filmmakers, take part in masterclasses and gain practical experience in filmmaking.

ARKA Director General Rashad Azizov spoke about the importance of festivals focused on children and teenagers. He said such events help introduce young people to the film industry and may encourage them to pursue careers as directors, screenwriters or actors.

Children from the Tut ?limd?n Children’s Social Rehabilitation Center also participated in the festival. They attended film screenings, discussions, masterclasses and creative meetings and interacted with other participants. Their participation reflects SALAM’s aim to make cultural and educational opportunities available to every child.

The opening film was “Tegar” by Indonesian director Anggi Frisca. The film tells the story of a 10-year-old boy with a disability who dreams of going to school, making friends and living independently. It explores themes of dignity, acceptance, inner strength and the right of every child to participate fully in society.

After the screening, Frisca met with the young audience and answered questions about the film, its characters and the filmmaking process. The meeting ended with an autograph session.

The first day also marked the start of SINEMARAFON, a practical filmmaking programme in which participants develop their own short films from the initial idea and script through filming and editing to the final presentation.

This year’s SINEMARAFON theme is “A Stranger Among Your Own, One of Your Own Among Strangers”. The theme encourages young participants to explore belonging, loneliness, acceptance, the relationship between individuals and society, and the importance of staying true to oneself.

The first festival day ended with a screening of “The Crown Prince” by Swedish director Tord Danielsson.

The SALAM programme continues on August 25 with competition screenings, educational and creative meetings. The SINEMARAFON teams will also begin work on their film projects.

SALAM aims to support young talent, broaden cultural horizons and provide opportunities for children and teenagers to learn more about cinema. The festival also promotes cinema as a way to encourage education, dialogue and creative development.

The festival is supported by the Ministry of Culture, ARKA, international guests, film professionals and its partners.

Media partners of the event are Azernews.Az, Trend.Az, Day.Az, and Milli.Az.

Verstappen signs record-breaking deal

Dutch Formula 1 driver Max Verstappen is reportedly set to become the highest-paid driver on the F1 grid after signing a new contract with Red Bull Racing.

According to F1 journalist Joe Saward, Verstappen’s new deal could give him a base salary of around $100 million per year, with performance bonuses potentially pushing his total earnings above $120 million. However, these figures have not been officially confirmed by Verstappen or Red Bull.

On August 20, Red Bull announced that Verstappen had extended his contract with the team until the end of the 2030 season. His previous agreement was due to expire in 2028. The new deal ends months of speculation about a possible move to Mercedes or McLaren.

If the reported salary is accurate, Verstappen would move ahead of Lewis Hamilton and Charles Leclerc in terms of base pay. Hamilton is reportedly earning around $60-70 million per year at Ferrari, while Leclerc is believed to be earning considerably less. These figures are also estimates rather than officially published salaries.

Verstappen joined Red Bull’s junior programme as a teenager and made his Formula 1 debut in 2015. In 2016, he moved to the senior Red Bull team and won his very first race for them at the Spanish Grand Prix, becoming the youngest race winner in F1 history at the time.

Since then, Verstappen has won four consecutive world championships from 2021 to 2024 and has established himself as one of the dominant drivers of his generation. He currently has 71 Grand Prix victories and 131 podium finishes.

The 2026 season, however, has been much more difficult for the Dutchman. After 12 Grands Prix, Verstappen is sixth in the championship with 112 points and has yet to win a race this season. Red Bull has also struggled for pace under the new 2026 regulations.

Despite the difficult season, Verstappen decided to stay with Red Bull. He explained that he has a strong relationship with the team and believes they can return to the front of the grid. His decision is especially interesting because there had been serious speculation about a possible move to another team.

One interesting fact is that, if Verstappen remains with Red Bull until the end of his new contract, he could spend 15 seasons racing for the team in Formula 1. That would make his relationship with Red Bull one of the longest and most significant partnerships in modern F1 history.

Between Brussels and Moscow, Armenia says choice will be its own

Armenia will make its own decision on whether to pursue membership in the European Union (EU) or remain in the Eurasian Economic Union (EAEU) if the issue becomes a concrete matter, Armenian Security Council Secretary Alen Simonyan said in an interview with Russian television.

Simonyan said that if a referendum on Armenia’s EU membership or continued participation in the EAEU were held in the near future, the result would likely disappoint many people in Russia.

He attributed this sentiment to what he described as Armenia’s dissatisfaction with Russia’s position during the 2020 war and subsequent developments, as well as statements made by Russian journalists, public figures and officials and representatives of the Belarusian authorities.

At the same time, Simonyan stressed that Armenia has not currently taken concrete steps toward joining the EU.

‘We will make our choice when that matter becomes real. There are currently no concrete steps towards joining the European Union. We do not want and are not preparing to leave the EAEU,’ he said.

Simonyan also addressed Armenia’s request for Russia to transfer management of the country’s railway system to a third party, insisting that the move should not be viewed as political.

‘We ask the Russian side to show flexibility and for these railways to operate. Otherwise, the current logic fits into the expression ‘A dog in a manger,” he said.

He added that if no solution could be reached, Armenia could take the matter to court, arguing that the operation of the country’s railway network is a matter of national security.

Simonyan: Armenia Has Long Known It Can Leave CSTO

Simonyan also said Armenia had long been aware that it could withdraw from the Collective Security Treaty Organization (CSTO), but initially chose to freeze its participation.

‘We knew about it when the CSTO did not respond in any way during the invasion of the territory of Armenia by the troops of a third country; they did not respond not only militarily, but also politically,’ Simonyan said.

He also referred to comments by Belarusian President Alexander Lukashenko about preparations for military operations with Azerbaijan, saying these developments further demonstrated Armenia’s concerns about the CSTO.

‘We knew that we could withdraw from the CSTO, but we decided to freeze [our membership in it],’ he said.

According to Simonyan, Armenia initially refrained from taking further steps in order to give time for the situation to be resolved.

‘At the initial phase, we gave time so that it would be possible to somehow smooth everything out. But the time for a response has long run out, so now the prime minister of Armenia has announced what he announced,’ he said.

Junior badminton players enjoy success in Georgia

Azerbaijani young badminton players won a number of medals at the Batumi Cup Youth International 2026 in Batumi, Georgia.

Murad Garayev and Aida Gurbanova won gold in the U11 mixed doubles. Garayev and Turkish player Dogan Ayan also took gold in the U11 boys’ doubles.

Other Azerbaijani gold medalists included Ismayil Garayev and Zulfugar Karimov in the U13 boys’ doubles, Omar Mehdi in the U15 boys’ singles, and Yusif Kamalov and Omar Mehdi in the U15 boys’ doubles.

Murad Garayev and Yusif Kamalov won silver in the U11 and U15 boys’ singles events, respectively, while Banu Ibrahimli took silver in the U15 girls’ singles. Omar Mehdi and Ayla Zeynalova also finished second in the U15 mixed doubles.

Azerbaijani players also won bronze medals in several events. Aida Gurbanova and Turkish player Melis Demir took bronze in the U11 girls’ doubles.

In the U13 events, Ismayil Garayev and Zulfugar Karimov won bronze in the boys’ singles, while Deniz Ahmadli and Lala Ismayilova took bronze in the girls’ singles. Karimov and Ahmadli, as well as Garayev and Ismayilova, won bronze in the mixed doubles. Ahmadli and Ismayilova also claimed bronze in the U13 girls’ doubles.

Azerbaijani badminton has developed steadily in recent years, with national team players competing successfully at European and international tournaments.

The country has also placed greater focus on youth development, with young badminton players taking part in international competitions and gaining experience at different age levels.

The Azerbaijan Badminton Federation has played an important role in supporting the development of the sport and promoting its growth at both youth and senior levels.

Founded in 1962, the federation has become one of the most active members of the world badminton family with international tournaments, development programs and strategic partnerships.

In 2023, Baku hosted the Congress of the Badminton Europe Confederation for the first time.

The large-scale event covered the issues on the agenda of badminton competitions during the preparation period for the 2024 Summer Olympic Games in Paris.

The motto of the Congress was Inclusive Badminton, celebrating the accessibility of badminton for all.

The Azerbaijan Junior Open 2026 international badminton tournament in Baku brought together promising young badminton players from several countries, providing them with an opportunity to gain international experience and compete in a strong field.

The tournament will also mark an important step in the development of junior badminton in Azerbaijan.

The tournament featured athletes from Azerbaijan, Turkiye, the United States, Iran, India, Uzbekistan, Tajikistan, the United Arab Emirates, and Georgia.

Zelenskyy thanks Azerbaijan for support on Ukraine’s Independence Day

Ukrainian President Volodymyr Zelenskyy thanked Azerbaijan for its support and reaffirmed the importance of bilateral relations between the two countries on the occasion of Ukraine’s 35th Independence Day.

In a post on social media X, Zelenskyy expressed gratitude to the Azerbaijani leadership for its warm congratulations on Ukraine’s Independence Day. He highlighted Azerbaijan’s consistent position in support of Ukraine’s sovereignty and territorial integrity, saying that Kyiv has always highly appreciated this stance.

“The current level of friendly relations between Azerbaijan and Ukraine, which have rich traditions, is gratifying. Our political dialogue, mutual high-level visits, and cooperation in the economic and humanitarian spheres are important aspects of our strategic partnership. I would particularly like to note our fruitful cooperation in the energy sector, which has continued for many years,” he noted.

According to Zelenskyy, the existence of active dialogue at the highest level creates a favorable foundation for deepening our cooperation in various areas, especially in trade and economic, humanitarian, agricultural, investment and other fields.

The Ukrainian president expressed confidence that the friendship, mutual respect and strategic partnership between Ukraine and Azerbaijan will continue to grow stronger.

Fly to Baku. Art Weekend. Sense the Future NOW returns to Baku in 2026

From 30 October to 1 November 2026, Baku will host the second edition of Fly to Baku. Art Weekend. Sense the Future NOW – a three-day cultural programme bringing the city’s iconic sites as the stage for contemporary art, cultural heritage, performance, music, education, and immersive experiences.

The festival is held under the leadership of the Heydar Aliyev Foundation and IDEA Public Union. It was conceived by Leyla Aliyeva, Vice-President of the Heydar Aliyev Foundation and founder and head of IDEA Public Union.

The central theme of Art Weekend 2026 is the natural heritage of the Caucasus and Azerbaijan’s Big Five: the gazelle, Caucasian leopard, brown bear, grey wolf, and imperial eagle. These five species serve as key artistic symbols, opening up a wider reflection on nature, cultural memory, mythology, identity, and our responsibility to future generations. The theme is inspired by IDEA Public Union’s Big Five of the Caucasus initiative.

Within Art Weekend, Baku itself becomes part of the artistic experience. Moving between museums, historic sites, architectural landmarks, galleries, and independent creative spaces, audiences are invited to see the familiar city from a new perspective – through art.

Over three days, iconic Baku venues – including the Heydar Aliyev Center, Stone Chronicle Museum, Icherisheher (Old City), the Palace of the Shirvanshahs, the Seaside National Park, the National Art Museum and galleries across the city – will become settings for a programme spanning visual art, performance, music, poetry and immersive technologies.

The programme will feature projects by Azerbaijani and international artists working across contemporary art disciplines. Highlights include Aidan Salakhova’s multidisciplinary exhibition exploring memory, mythology, and femininity; Michelangelo Pistoletto’s Mirror of Eternity; Judy Chicago’s What if Women Ruled the World, inviting reflection on society, equality, and the future; When Nature Speaks. Heirs at the Heydar Aliyev Center, bringing together selected Azerbaijani contemporary artists exploring nature conservation, biodiversity, cultural memory, and humanity’s responsibility towards future generations; and Chinese artist Zhang Ji’s Infinite Texture, examining infinity in architectural patterns and the philosophical significance of repetition in contemporary abstract art.

Another key component is the international steel sculpture symposium Baku Steel Art 2026: The Big Five, bringing together artists from different countries to create monumental works inspired by the wildlife of the Caucasus. The programme will also feature projects by Faig Ahmed, Farid Rasulov, Elvin Nabizadeh, DanceAbility Azerbaijan, Fluxus Space, Atesh Hub, and other artists and creative collectives.

The inaugural Art Weekend in 2025 established a new cultural platform in Baku, welcoming 9,694 registered guests, recording more than 29,500 visits, and presenting over 40 multidisciplinary programmes. Across three days, contemporary art, performance, music, literature, education, and immersive experiences reached a broad public.

Art Weekend 2026 builds on this momentum, strengthening Baku’s position as an international meeting point for art, culture, and new ideas. The festival invites audiences not only to engage with art, but also to discover the city from a fresh perspective.

Registration will be available via the festival app and official website.

US Treasury bond buybacks raise concerns as national debt surpasses $40 trillion

US Treasury Secretary Scott Bessent tapping the $1 trillion Treasury General Account, as just announced, to fund bond buybacks is a major red flag for investors, warns the CEO of one of the world’s largest independent financial advisory organisations.

Nigel Green of deVere Group’s comments come as the US national debt punches through $40 trillion, arriving roughly two years ahead of official government forecasts, and the Treasury doubles the size of its bond buyback programme in an attempt to steady a market where 30 year yields had climbed to levels not seen since 2007.

He says: ‘When a government has to step into the market and start buying back its own debt, it tells you the usual buyers didn’t show up in the volume Washington needed, and officials had to find another lever to pull.

‘What we’re looking at is a band aid fix, not a solution. It smooths the surface without touching the pressure building underneath it.

‘Buybacks can quiet a single trading session, and that’s exactly what happened this week. Yields dropped sharply within minutes of the announcement landing.

‘But a borrowing position that has just crossed $40 trillion cannot be talked down or bought down in an afternoon.

‘Investors reached that conclusion almost as fast as the announcement itself moved through the wires, and the rally reversed within a day, erasing the initial drop in yields entirely.

‘It’s a textbook pattern of a market testing an intervention and finding it wanting once the shock wears off. The first move was reflex. The second move, the following day, was the market doing its arithmetic.

‘Layer on the reported plan to draw close to $1 trillion out of the Treasury General Account, cash built from ordinary tax receipts, to help fund further buybacks, and you have a government dipping into its own operating reserves to prop up demand for its own paper. That is not a borrower firmly in control of its financing.

‘It’s a borrower running short of easy options.’

Takeaway for investors is not panic, it’s repositioning.

‘Spreading exposure across regions, currencies and asset classes stops being a nice to have and becomes essential. Investors should be looking well beyond their biases, toward equities, alternative assets and currencies that are not tethered to a single sovereign balance sheet under this kind of strain.’

Gold and other assets that hold up well against inflation could deserve a fresh look too. When a government is signalling, however indirectly, that it needs to manage demand for its own bonds, that is precisely the environment in which real assets tend to outperform paper promises.

Nigel Green concludes: ‘The clearest message from this week appears to be that Washington is buying time, not fixing the problem.

‘Investors who treat this as a passing headline rather than a structural warning will be the ones most exposed if or when the next, bigger test of confidence lands.’

Azerbaijan pays tribute to prominent composer Tofig Bakikhanov

Azerbaijan has lost one of the defining figures of its modern musical life. Tofig Bakikhanov, the celebrated composer, violinist, professor and People’s Artist, passed away in Baku on August 23, 2026, aged 95. His passing marks the end of a remarkable career that stretched across more than seven decades and connected several generations of Azerbaijani music.

Born in Baku on December 8, 1930, Bakikhanov grew up in a home where music was not simply an art but a way of life. His father, Ahmad Bakikhanov, was one of Azerbaijan’s most respected tar performers and teachers. The family also carried a distinguished intellectual heritage through the Bakikhanov lineage, which included the 19th-century scholar and writer Abbasgulu Agha Bakikhanov.

From an early age, Tofig chose his own path within that musical environment. He studied violin at the ten-year music school attached to the Azerbaijan State Conservatory and developed into a talented performer. In 1953, he graduated from the conservatory’s violin department in the class of Alexander Amiton. Four years later, he completed his composition studies under Gara Garayev, whose influence would become an important part of his artistic formation.

His youth placed him remarkably close to the founders of Azerbaijan’s professional classical music tradition. As a student, Bakikhanov encountered Uzeyir Hajibayli and later recalled those meetings with particular warmth. He performed before the great composer and had the opportunity to absorb the atmosphere of a musical culture that was still being built by the people who had created it.

Before becoming known primarily as a composer, Bakikhanov established himself as a violinist. He performed as a soloist with the Azerbaijan State Symphony Orchestra and the Azerbaijan Radio Symphony Orchestra. That background remained important throughout his creative life. He understood the physical character of instruments and the demands placed on performers, something that became especially apparent in his extensive writing for violin and other solo instruments.

Composition eventually became the central focus of his career, but Bakikhanov never abandoned the perspective of the performer. This gave his music a particular practical quality. His scores were written by someone who understood how an instrument sounds in the hands of a musician, how a melody moves through an ensemble and how a musical idea can be transformed from notation into performance.

One of the strongest threads running through his work was his relationship with mugam. Azerbaijan’s ancient modal tradition had already begun to enter the language of symphonic music through the pioneering work of Fikrat Amirov. Bakikhanov became one of the composers who continued to explore that meeting of tradition and classical form.

His symphonic mughams “Nava,” “Shahnaz,” “Rahab,” “Humayun” and “Dugah” stand among the most characteristic works of his career. Rather than treating mugam as a relic to be preserved unchanged, he approached it as a living source of musical ideas that could be developed within large-scale orchestral forms. In doing so, he helped demonstrate how deeply Azerbaijani musical identity could coexist with the structures of modern concert music.

His music also carried the weight of memory. “Humayun” was dedicated to the victims of the Khojaly tragedy, giving the work a significance beyond its musical architecture. Elsewhere, he drew inspiration from Azerbaijan’s historical figures, writers and national experience. His Eighth Symphony was dedicated to the memory of Uzeyir Hajibeyli, while other works reflected his engagement with the country’s cultural and political history.

Bakikhanov’s imagination extended well beyond the symphonic world. He composed three ballets: “Caspian Ballad,” “Oriental Poem” and “Good and Evil.” “Caspian Ballad” was inspired by the life of Azerbaijan’s oil workers and the dramatic environment of the Caspian Sea. While developing the work, Bakikhanov visited the Oil Rocks with writer Siyavush Mammadzadeh, an experience that helped shape the ballet’s atmosphere and subject.

The work eventually reached audiences outside Azerbaijan, including in France. “Good and Evil,” meanwhile, drew on the world of Nizami Ganjavi and was associated with commemorations of the great poet’s 850th anniversary. Once again, Bakikhanov found ways to bring distinctly Azerbaijani subjects into major classical forms.

His catalogue grew to an extraordinary scale. He composed eight symphonies, numerous symphonic poems and more than two dozen concertos for different instruments and orchestra. He wrote more than 20 sonatas for violin, viola, cello, flute and piano, alongside trios, quartets, quintets and other chamber works.

He was equally comfortable with smaller forms. Nearly 100 songs and romances came from his pen, and his music was performed by many of Azerbaijan’s leading singers, including Zeynab Khanlarova, Flora Karimova, Ilhama Guliyeva, Rauf Adigozalov and Mobil Ahmadov. Together with composer Nariman Mammadov, he also created music for several musical comedies.

The breadth of this output is impressive, but productivity alone does not explain Bakikhanov’s place in Azerbaijani culture. What distinguished him was the consistency with which he returned to his own country’s musical and literary heritage while working across almost every major classical genre.

Teaching was another central part of his life. Bakikhanov spent more than half a century at the Baku Music Academy, where he eventually became a professor. Generations of musicians passed through his classroom, extending his influence far beyond the works bearing his name.

For a composer who had studied under Gara Garayev and grown up in the musical world shaped by Uzeyir Hajibeyli, teaching offered a way to continue a tradition that had begun before him. His influence therefore exists not only in concert programmes and musical archives but also in the musicians he helped educate.

Bakikhanov also became an important witness to a remarkable period in Azerbaijan’s cultural history. He had known figures who later became monuments of national music, but whom he remembered as teachers, colleagues and contemporaries. His recollections of Hajibeyli, Garayev and other composers provide a personal connection to an era that is now part of history.

He remained active and intellectually engaged well into his nineties. In later interviews, he spoke about music, his teachers and the experiences that had shaped his career with the enthusiasm of someone who never considered creativity a finished chapter of life.

Azerbaijan repeatedly recognised his contribution. He was awarded the title of Honored Art Worker in 1973 and People’s Artist in 1990. He received the Shohrat Order in 2000 and the Sharaf Order in 2021. He was also granted a personal presidential pension from 2002.

His final state honour came on his 95th birthday, December 8, 2025, when he was awarded the First Class Order of Labour for his contribution to the development of Azerbaijani musical culture. It was a fitting recognition for a man who had spent his entire adult life virtually serving that culture.

Bakikhanov’s international career was another expression of the reach of his work. His compositions were presented, and his author’s concerts were held in countries including France, Turkiye, Iran, Bulgaria, Georgia and Russia. Yet even as his music travelled, its identity remained firmly rooted in Azerbaijan.

That may ultimately be the simplest way to understand his achievement. Bakikhanov did not choose between tradition and modernity, between performance and composition, or between Azerbaijan and the wider musical world. He spent his life bringing those worlds together.

He inherited a musical tradition from his father and from the great composers who shaped Azerbaijan in the first half of the 20th century. He then added his own voice to it and passed part of what he had received to younger generations.

His death is therefore more than the loss of a prolific composer. It is the passing of a musician who embodied a living connection between different eras of Azerbaijani culture.

The scores remain. So do the recordings, the students he taught and the musicians who continue to perform his works. His symphonic mugams, ballets, concertos, sonatas and songs will continue to carry something of the musical world he spent a lifetime understanding and reshaping.

Tofig Bakikhanov devoted his life to music, but his deeper achievement was giving that music a distinctly Azerbaijani voice while allowing it to speak beyond Azerbaijan’s borders.

Kocharyan detained as Pashinyan feud with former president’s family escalates

Former Armenian President Robert Kocharyan has been taken to the Anti-Corruption Committee, according to Armenian opposition lawmaker Agnesa Khamoyan of the Armenia bloc.

Khamoyan said searches were conducted at the homes of Kocharyan and his younger son, Levon Kocharyan, as well as at several properties belonging to the family.

Bagrat Mikoyan, head of the former president’s office, confirmed that Kocharyan had been detained.

According to sources cited by Armenian media, the tax authorities have sealed a Toyota dealership owned by the Kocharyan family. Investigative activities are also reportedly underway at the Orange Fitness sports complex.

The developments come a day after Levon Kocharyan and Armenian Prime Minister Nikol Pashinyan engaged in a verbal confrontation in parliament.

During the exchange, Pashinyan reportedly said he would strip the lawmaker of all his property and that Kocharyan would not be able to pass the assets on to his children and grandchildren.