The Victory Party was established in April 2023 and Viktor Mnatsakanyan was elected as party Chairman.[2][3]
The party participated in the 2023 Yerevan City Council election and had nominated Viktor Mnatsakanyan as their candidate for Mayor of Yerevan.[4][5] Following the election, the party won just 1.71% of the vote, failing to gain any seats in the Yerevan City Council.[6][7][8] Prior to the election, the party confirmed that it is neither pro-government or opposition, but rather, more focused on urban issues.[9]
The party advocates for free public transport in Yerevan, the expansion and development of parks and green spaces in the city, and building more homes for citizens.[10][9][5][11]