Levon Ter-Petrosyan (Armenian: Լևոն Տեր-Պետրոսյան) (born January 9, 1945), sometimes spelled as Ter-Petrossian or Ter-Petrosian (with or without the hyphen), was the first President of Armenia from 1991 to 1998. Due to some economic and political problems, he resigned on February 3, 1998 and was succeeded by Robert Kocharyan.

Ter-Petrosyan was born in Aleppo, Syria to a Syrian Armenian family of Genocide survivors. They emigrated to Soviet Armenia in 1946.

In 1968, Ter-Petrosyan graduated from the Oriental Studies Department of the Yerevan State University. In 1972, he completed his postgraduate studies at the Leningrad State University. In 1987, he received his doctoral degree from the same university. In 1972-1978, Ter-Petrosyan worked as junior researcher at the Literature Institute of Armenia named after Manouk Abeghian. In 1978-1985, he held the post of science secretary at Matenadaran named after Saint Mesrob Mashdots. Since 1985, Ter-Petrosyan has been working at Matenadaran as a senior researcher.

Hrant Bagratyan (Armenian: Հրանտ Բագրատյան) was born on October 18, 1958, in Yerevan, Armenia. He was the Prime Minister of Armenia from February 2, 1993 until November 4, 1996. He was a member of the Pan-Armenian National Movement party. He has PhD in Economics, author of more than 52 scientific articles and 7 books. In "The Society and the State" (Moscow, Izograph, 2000) he developed the theory of scientific technical cycles. Based on that he predicted regular centralisation and decentralisation of the management of the society. Particularly he predicted the centralisation of the management of the economy by 2010. Founder of a new direction in Economics: global macroeconomics or geoeconomics.

1975–1979 Yerevan State University, further-Institute of National Economy of Armenia. 1976-1978 Institute of National Economy of Armenia. Faculty of public law. Lawyer. 1983–1986 Post Graduate study at the Institute of Economy of Armenian Academy of Sciences. 1987 Defended theses on the theme “Material Stimulation of branch SRI (Scientific-Research Institute) and DD (Design Department). 1997 Recognized PhD candidate by International Monetary Fund, Washington D.C. 2005 Received PhD in Economics by Higher Attestation Committee of the Ministry of Education of Russian Federation, Moscow. 2010 Received PhD in Economics by Higher Attestation Committee of Ukraine, Kiev