Prosperous Armenia party adheres to coalition memorandum, in accordance with which coalition parties will endorse Serzh Sargsyan's candidacy during 2013 presidential elections, a party member said.

“We have no reason not to back him,” Vardan Bostanjyan stated.

Dwelling on rumors suggesting second President of Armenia Robert Kocharian’s intention to make a comeback through Prosperous Armenia or another party, the MP refrained from commenting on any of former president's plans.