YEREVAN, April 9. /ARKA/. Armenia's new president Armen Sarkissian who was sworn in on Monday in a special inauguration ceremony, accepted the resignation of the government.

In 2015 Armenian voters approved shifting from the so-called semi-presidential form of government to a parliamentary republic. Under the change, the presidency is largely a ceremonial position. Sarkissian, the new president, was chosen for the post last month by the parliament, unlike his predecessors who were elected in a national vote.

The nomination of candidates for the post of prime minister, vested with the bulk of power in the country, starts on April 9 and ends on April 16th. The prime minister will be elected by the Armenian parliament on April 17.

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he Bank of Cyprus has refused to accept the resignation of its chairman and four other board members as the island state continues to be gripped by confusion over its 10 billion-euro bailout

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The Government of Armenia announced on its resignation on Thursday

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