(CNN)The Prime Minister of Armenia, Serzh Sargsyan, has stepped down following days of mass demonstrations in the streets of the capital Yerevan over what was seen as an unconstitutional power grab by the former president.
Armenian Prime Minister resigns after protests
Sargsyan previously served two, five-year terms as president of the former Soviet Republic. First elected in 2008, he served as the country's head of state until he was appointed prime minister earlier this month.
Over the weekend Nikol Pashinyan, an opposition MP and leader of the protests, was arrested but was released Monday shortly before the announcement.
"Nikol Pashinyan was right. I was wrong," Sargsyan said in a statement published on the state-owned Armenpress website.