On 24 December 2012, Hrant Bagratyan was nominated to participate in the 2013 Armenian presidential election during a party congress held in Yerevan.[4] Following the presidential election, Bagratyan came in third place, winning 2.15% of the vote.
Prior to the 2017 Armenian parliamentary election, the party announced its intentions to participate in the elections under the Free Democrats party.[5][6] The joint list was headed by the leader of the Free Democrats party, Khachatur Kokobelyan, while the candidate for the post of Prime Minister was Hrant Bagratyan. Following the election, the Free Democrats won 0.94% of the vote, failing to win any seats.
The party describes its principle ideology as modern liberalism and is in favour of a free-market economy.[2] The party supports independence for Artsakh, increasing the military budget, and improving Armenia's security issues. The party also believes in maintaining strong ties with Russia, while developing closer ties with Iran and China.[9][10]