* Presidential election in Armenia to be held on Feb. 18
* President Serzh Sarksyan seen winning the vote
By Hasmik Mkrtchyan
YEREVAN, Feb 11 (Reuters) - An Armenian presidential candidate who was shot last month cancelled an application to postpone next week's election, a Constitutional Court spokesman said on Monday, paving the way for the vote to be held as scheduled.
Paruyr Hayrikyan, an outsider in the race which is widely expected to see current President Serzh Sarksyan win a new five-year term, was shot in the shoulder on Jan. 31 near his home in the capital Yerevan.
Hayrikyan, who had initially said he would not delay the vote, asked the Constitutional Court for a two-week postponement of the Feb. 18 poll, raising concerns over instability in the former Soviet republic of 3.2 million.
"Paruyr Hayrikyan's lawyer took his application to the Constitutional Court back today," Hovhannes Papikyan, the court's spokesman, told Reuters.
"Hayrikyan or other candidates have no right now to appeal the court with a request to delay the vote," he added.
It was not immediately clear why Hayrikyan had withdrawn his application for a postponement of the vote.
The land-locked south Caucasus country, bordered by foes Azerbaijan and Turkey, as well as by Iran and Georgia, saw violence flare ahead of a 2008 presidential election, leaving 10 people dead.
Doctors have removed the bullet from Hayrikyan's shoulder and said his life was not in danger, but he remained in hospital on Monday.
Police clashed with supporters of former president and opposition candidate Levon Ter-Petrosyan who protested for days on the streets of the capital ahead of the last election.
Hayrikyan, 63, a pro-Western former Soviet dissident, said hours after the shooting that he suspected a foreign secret service and suggested he was referring to Russia, which is Yerevan's main ally and has a military base on its territory.
Police said last week that two suspects had confessed and were arrested, though their motive was not immediately clear.
Formerly known as the Soviet Union's manufacturing hub, Armenia has remained firmly within Moscow's radius since its industry fell apart with the 1991 Soviet collapse.
Today, its economy is still struggling from the effects of a war with neighbouring Azerbaijan in the 1990s that ended diplomatic ties between the countries.
Turkey also closed its borders with Armenia in 1994 in solidarity with ethnic kin in Azerbaijan.
Hayrikyan leads an opposition party, the National Self-determination Union, and ran for president in 2003. (Writing by Margarita Antidze; Editing by Jon Hemming)