Katia Peltekian Lectures at Haigazian on Day of Armenian Genocide

Aztag, Lebanon
April 24 2008

Katia Peltekian Lectures at Haigazian University on Day of Armenian Genocide

Beirut: On April 23, 2008, the Armenian Heritage Club at Haigazian
University organized a special event to commemorate the 93rd
anniversary of the Armenian Genocide.

The University Auditorium was packed with hundreds of guests, faculty
members and students most of whom wore a special T-shirt on which was
written `We Demand Retribution’

After the opening words by a member of the student club, the audience
stood one minute in silence to pay their respect to the 1.5 million
Armenians who were massacred in Ottoman Turkey. The President of
Haigazian University, Rev. Paul Haydostian delivered his sermon on the
occasion highlighting the meaning of April 24 to not only Armenians
but also to the international community.

The guest speaker of the event was Miss Katia Peltekian, who
demonstrated that many Armenians themselves have the misconception
that the Genocide started on April 24, 1915. She explained why this
was not true, and why it was wrong to say that this year was the 93rd
anniversary of the Genocide. The main point of her demonstration was
to counter the Turkish logic which claimed thousands of Armenians, as
well as Turks, were killed because of the Great War.

Through power point, she demonstrated headlines from American, British
and Canadian newspapers that depicted sporadic massacres of the
Armenian population, sometimes in thousands, in various districts in
Ottoman Turkey; sometimes whole villages were wiped out of their
Christian population. The oldest newspaper clip she showed was from
1876 which implied there were massacres even 40 years before 1915.

Headline after headline, year after year, papers like the Washington
Post, Los Angeles Times, New York Times, Chicago Daily Tribune,
Montreal Gazette, Toronto Star, The Times of London, The Guardian,
among others, printed stories of massacres that took place in the
Armenian districts. Long before the Great War, foreign correspondents,
missionaries, diplomats and travelers ` not Armenians – reported the
on going massacres of hundreds of thousands of Armenians. Headlines
from the 1890s and 1900-1914 and even those after the Great War ended
only prove that Armenians were killed not only during wartime but also
during peace, that it was not only the Young Turks but also the Sultan
and even the Nationalist leader Mustapha Kemal, the founder of modern
day Turkey, who had committed massacres.

The lecture also included quotes from foreign diplomats, who had
witnessed the massacres, and confessions by Turkish authorities.

Rev. Haydostian led the audience out to the University grounds where
they lit candles and placed them around a replica of Dzidzernagapert
that was placed at the entrance of the main campus.

U.Mich Ann Arbor: Dr Laycock Discusses Contradictions in Brit Policy

PRESS RELEASE

For further information, please contact:
Gloria Caudill, Administrator
Armenian Studies Program
University of Michigan, Ann Arbor
[email protected]
(734) 763-0622

DR. LAYCOCK DISCUSSES CONTRADICTIONS IN BRITISH POLICY TOWARD ARMENIA
AND ARMENIANS

Dr. Joanne Laycock, historian who has studied British responses to
Armenian issues during the late 19th and early 20th centuries,
presented two public lectures in early April to present her findings.

Dr. Laycock is Manoogian Simone Foundation Post-doctoral Fellow at the
Armenian Studies Program, University of Michigan, Ann Arbor.

On April 3, Dr. Laycock discussed British responses to the Armenian
Refugee Crisis, 1918-1925 at the International Institute of the
University of Michigan. Her second lecture, "British Encounters with
Armenia in the 19th Century," co-sponsored by the Armenian Research
Center, University of Michigan-Dearborn, was presented on April 7 in
Southfield, Michigan, in the lecture hall of St. John Armenian Church.

In both lectures Dr. Laycock unraveled the contradictory nature of
British attitudes toward Armenia and Armenia during times when the
British Empire was a dominating world power and when critical events
were happening in Armenian history.

Discussing the early period of contact with Armenians, the British on
the one hand recognized Armenians as a fellow Christian people, "last
bastions of the Christian faith" in the region, and appreciated the
ruins of Ani and other architectural sites; and, on the other hand,
they characterized Armenians in the provinces as "primitive," and the
Armenian Church as "superstitious and backward." For the British,
Armenia may be timeless but "civilization had moved West," and there
had been no progress or change in the land. "Eastern invasions had
subdued the Armenians and turned them into a slavish people."
Nonetheless, argued Dr. Laycock, a strong pro-Armenian movement
developed, a movement that tried to reconcile these contradictory
perceptions into a policy that might help Armenians in the Ottoman
Empire.

The theme of contradictory attitudes was also the subject of
Dr. Laycock’s lecture on the refugee crisis. During the First World
War, she argued, the slaughter of Armenians in the Ottoman Empire was
a major topic for the government and people of the British Empire,
especially considering the reservoir of sympathy from earlier
periods. But these tragic events were also used by the British
Government as a propaganda tool against the German-Austrian-Ottoman
alliance. When the war ended the British, controlling Iraq,
established orphanages. Dr. Laycock displayed wrenching photos of
Armenian refugee camps in Basra, Baquba and Mosul not seen publicly
before (courtesy of the Nubarian Library in Paris).

Yet, argued the lecturer, earlier characterizations of Armenians
returned when the caretakers of the orphanages looked upon the orphans
as a problem, "half-civilized" and when "Armenians" became "a problem
of their own," "oriental," "Eastern."

Both lectures were followed by a lively period of comments and of
questions and answers. In response to a critic in the audience who
considered British policies duplicitous,  Dr. Laycock answered, "I
cannot begin to apologize for these policies," although she clearly
was not responsible for them personally.

In addition to covering the British Armenophile movement and response
to the Armenian Genocide, the Armenian refugee relief post WWI, and
British travel writing on Armenia, Dr. Laycock is currently working on
Soviet Armenian history, especially with regards to the repatriation
to Armenia and homeland-Diaspora relations.

Dr. Joanne Laycock received her doctorate in history from Manchester
University in 2005 and has, since then, published a number of
important studies in collected essays. As a Post-doctoral Fellow at
the Armenian Studies Program at the University of Michigan,
Dr. Laycock is working on new studies in her area of specialization.

Her book on Britain and Armenia Imagining Armenia: Orientalism,
Ambiguity and Intervention, will be published by MUP this autumn.

AUA Launches Urgent Matching Gift Drive to Complete P Avedisian Bldg

April 3, 2008

PRESS RELEASE
American University of Armenia Corporation
300 Lakeside Drive, 5th Floor
Oakland, CA 94612
Contact: Gaiane Khachatrian
Tel: (510) 987-9452
Fax: (510) 208-3576
E-mail: [email protected]
Web: <;

AUA Launches Urgent Matching Gift Drive to Complete Paramaz Avedisian
Building

Through the generosity of an anonymous donor, the American University of
Armenia (AUA) announced its launch of a matching gift drive in order to
raise $2.5 million in the next 2 months to complete the construction and
furnishing of its newest facility, the Paramaz Avedisian Building.
Contributions must be made before June 1st to qualify for the matching gift.

"Our trustees have already contributed the lion’s share of the funding–$11M
of the $13M raised to date. That’s a tremendous accomplishment, and we are
so very close to success," stated Dr. Haroutune Armenian, President of the
AUA. "We need an additional $2.5 M. This is a great deal of money for our
nascent fundraising efforts and it will take many gifts both large and small
for us to meet this goal. The building is progressing very nicely-we have a
wonderful structure but we must now fund the insides-the classrooms, faculty
offices, lecture halls-where information can be conveyed and turned into
knowledge, into scientific and social breakthroughs for the region and
beyond."

This new state-of-the-art building adds 100,000 square feet to the existing
facilities at AUA including classrooms, seminar rooms, laboratories and
research areas. Adjacent to its main campus building located on Marshal
Bagramian Street, the Paramaz Avedisian Building will enable AUA to expand
its academic programs, research activities and enrollment capacity. Since
receiving U.S. accreditation by the Western Association of Schools and
Colleges, the University has been working to accommodate a growing student
body and is successfully recruiting more students from the Caucasus region
and the greater Middle East.

"AUA has been graduating top notch students for the last 15 years and is
taking an instrumental role in the economic, social, and political
development of the country and region," added Lucig Danielian, Vice
President of AUA. "With this matching gift drive, we are seeking community
wide support from the Diaspora where every contribution counts, and however
large or small, will be matched."

AUA is an affiliate of the University of California and provides graduate
education in Business and Management, Industrial Engineering and Systems
Management, Computer and Information Science, Political Science and
International Affairs, Health Sciences, Law, English, and Environmental
Science and Conservation.

Checks are payable to the American University of Armenia Corporation,
Paramaz Avedisian Building Fund, and can be sent to 300 Lakeside Drive, 5th
Floor, Oakland, CA 94612. For more information on naming opportunities in
the Paramaz Avedisian Building, please contact our Oakland office at (510)
987-9452 or Pasadena office at (626)768-7946.

http://www.aua.am/&gt
www.aua.am

Percentage of Pregnancies Aborted by Country

jp333pd.html

index.html#SU

Percentage of Pregnancies Aborted by Country
(countries listed by percentage)
compiled by Wm. Robert Johnston
last updated 21 February 2007

Percent of known pregnancies ending in legal abortions, most recent
data (in order of decreasing percentage)

country year % notes

Russia 2005 52.5

Greenland 2004 50.2

Bosnia and Herzegovina 1988 48.9

Estonia 2004 47.4

Romania 2004 46.9

Belarus 2004 44.6

Hungary 2004 42.0

Guadeloupe 2005 41.4

Ukraine 2004 40.4

Bulgaria 2004 40.3

Latvia 2004 40.3

Vietnam 2001 37.1

Cuba 2004 34.6

Kazakhstan 2004 32.2

Martinique 2005 32.0

Moldova 2004 31.9

Serbia and Montenegro 1998 31.4

Georgia 2005 30.0

Cocos Islands 1978 28.6

Belize 1996 28.0

Slovakia 2004 27.2

PR China 2001 26.9

Slovenia 2004 26.3

Sweden 2005 25.3

New Caledonia 1998 25.2

ROK South Korea 1996 25.0

Lithuania 2005 24.6

Singapore 2004 24.5

Hong Kong 2004 24.2

United States 2003 23.9

Macedonia 2001 23.9

Canada 2003 23.6 *

French Guiana 2005 23.3

New Zealand 2005 23.3

Reunion 2003 22.9

Seychelles 2003 22.7

Montenegro 2004 22.2

Australia 2004 22.1

Guyana 2003 22.0

Armenia 2004 21.8

United Kingdom 2004 21.8

France 2004 21.5

Japan 2004 21.4

Czech Republic 2005 20.6

Norway 2005 19.7

Albania 2004 19.6

Denmark 2005 19.0

Italy 2003 18.1

Iceland 2004 17.4

Mongolia 2004 16.7

Finland 2004 16.1

Spain 2004 15.8

Kyrgyzstan 2004 15.4

FR Germany 2002 15.3

Isle of Man 2005 15.2 *

Dominican Republic 1998 14.8

Anguilla 2003 14.7

Channel Islands 2004 13.8 *

Azerbaijan 2004 13.1

Netherlands 2004 13.0

Switzerland 2004 13.0

Belgium 2003 12.9 *

Turks and Caicos Islands 2004 12.5

Israel 2004 12.3

Turkmenistan 2003 11.6

Croatia 2004 11.5

Bahrain 2002 11.5 *

Greece 1996 11.1

Barbados 1995 10.3

Tajikistan 2003 10.1

Bermuda 1984 9.9

Tunisia 1996 9.6

Uzbekistan 2003 9.4

South Africa 2005 9.2

Ireland 2004 9.2

Saint Helena 1990 7.1

Kosovo 2005 6.4

Faeroe Islands 2004 5.8

Gibraltar 1997 3.6 *

Austria 2000 3.0

Suriname 1994 3.0

Puerto Rico 2001 2.2

Malta 2004 1.7 *

Qatar 2004 1.3

Portugal 2005 0.8

Venezuela 1968 0.8

Mexico 2003 0.2

Poland 2004 0.06

Panama 2000 0.02

Chile 1991 0.02

Notes: Data is for residents only. (*) indicates values which include
abortions abroad. See respective country pages for sources.

update of section VII, "Global Abortion Summary," version 3, March 2000

© 2000-2005, 2007 by Wm. Robert Johnston.

Last modified 21 February 2007.

http://www.johnstonsarchive.net/policy/abortion/wr
http://www.johnstonsarchive.net/policy/abortion/

MFA comments on US Sate Department Report

MINISTRY OF FOREIGN AFFAIRS OF THE REPUBLIC OF ARMENIA
—————————————— —-
PRESS AND INFORMATION DEPARTMENT
Telephone: +37410. 544041 ext. 202
Fax: +37410. 565601
Email: [email protected]

Tigra n Balayan, Head of Press Division, Replies to a Question
by "Haykakan Zhamanak" Newspaper

QUESTION: A couple of days ago, US State Department published the annual
Country Reports on Terrorism, which includes some critical provisions on
Armenia. What is Armenia’s stance on this issue?

ANSWER: First, I would like to say that the criticism included in the report
is a concern for Armenia.

The anti-corruption struggle is a problem which needs continuous and
consistent work. As you know, a few years ago, a national anti-corruption
strategy has been elaborated and put into implementation, some provisions of
which are being revised.

One of the core topics President Sargsyan’s pre-electoral program was
anti-corruption struggle, thus, Armenia’s government is determined to
struggle against this vicious phenomenon.

We joined a number of international documents: the UN anti-corruption
convention (came into force on 7 April 2007), a number of documents in the
framework of Council of Europe, which are aimed at struggling with
corruption and controlling the process. Armenia will continue its
uncompromising struggle with corruption.

As to the issue of Armenia-Iran relations included in the report, Armenia
considers Iran a friendly country where a historically formed Diaspora
exists. Our relations with Iran, which are not targeted against any country,
are characterized by bilateral cooperation which, I believe, is natural for
neighboring countries. Armenia is willing to establish such kind of
relations with all its neighbors.

www.armeniaforeignministry.am

National Library Of Armenia Donates Persian Gulf Docs To Iran

NATIONAL LIBRARY OF ARMENIA DONATES PERSIAN GULF DOCS TO IRAN

Mehr News Agency
May 4 2008
Iran

TEHRAN — Director of the National Library of Armenia Davit Sargsyan
donated to Iran a number of historical documents on the Persian Gulf
on April 29.

The DVD was handed to Iran’s cultural attaché in Armenia on the
Persian Gulf National Day when an exhibition was also being held in
commemoration of the day. The DVD contains 20 maps and documents on
the Persian Gulf.

–Boundary_(ID_FQ9+VWRDeq9y1eu3Bf8XpQ)–

Wonder Boy: Born 100 Years Ago, Pulitzer Winner Was A Pop-Culture Ic

WONDER BOY: BORN 100 YEARS AGO, PULITZER WINNER WAS A POP-CULTURE ICON IN HIS HEYDAY.
By Donald Munro

RedOrbit, TX
May 4 2008

May 4–After his acclaimed first book of short stories was published
in 1934, William Saroyan sent a letter to Random House asking: "Do you
think it would help any if I was photographed swinging on a trapeze?"

Saroyan knew how fame worked. At the peak of his renown, from 1939
through the early years of World War II, he cozied up to America as a
celebrity who was equal parts literary giant and pop-culture icon. This
self-proclaimed "world’s best author," who came to prominence with
his short story "The Daring Young Man on the Flying Trapeze," was a
big deal in a way authors in our contemporary image-oriented society
— a culture tilted toward movies and television — can pretty much
only dream about.

Saroyan’s literary fame has not endured in the way his partisans
might have hoped. (He is admired but not widely taught, and most of
his titles are hard to find in chain bookstores, even in his hometown
of Fresno.) And his pop-culture fame, while perhaps more lasting than
the vapid notoriety bestowed by such gossip outlets as TMZ and People
magazine, lacked staying power.

Yet as The Bee marks the centennial of Saroyan’s birth by printing one
of his never-before-published novellas, "Follow," keep in mind just how
well-known this former unruly school kid was at his peak. His publisher
at the time, Bennett Cerf, dubbed him "the wonder boy from Fresno."

Even when he eloquently (and very publicly) showed disdain for
the trappings of fame — refusing to accept the Pulitzer Prize and
the $1,000 that went with it for his play "The Time of Your Life"
in 1940, for example — Saroyan gained more notoriety than if he’d
simply taken the money.

Saroyan liked to be recognized for his literary merits as the author of
such acclaimed works as "The Human Comedy" and "My Name Is Aram." But
he also realized, living at a time when the names of serious writers
floated in conversations alongside those of movie stars and socialites,
that people gravitated to the whole William Saroyan package. All of it
added up: the dark and exotic good looks, the fierce temperament, the
loud voice, the stormy marriages and divorces, the expensive tastes,
the precarious finances. And especially the muscular ego.

"Modesty," he wrote, "almost invariably accompanies mediocrity and
is usually an inside-out variety of immodesty."

When publishers wanted to tinker with his precious words, his first
inclination was to change publishers.

Saroyan wasn’t content just to have three plays open on Broadway in a
period of 13 months, as he did in 1939. He wanted to run the theater,
too. He named it after himself, naturally. New York’s Saroyan Theatre
might not have been the financial success that he’d hoped. But for a
time, he was known as the playwright who had wrested control from the
"money guys" and taken charge of his own destiny.

Saroyan’s desire for control extended to Hollywood, and there, perhaps,
he met his match. When he sold the script for "A Human Comedy"
to MGM for $60,000, he assumed he’d direct the movie as well. The
studio chief, Louis B. Mayer, who had an even greater reputation for
obstinance, didn’t agree.

Yet for all the ways that Saroyan burned bridges by alienating
publishers, theater investors and movie moguls, his celebrated cocky
attitude helped define an image that endeared him to the public.

A 1940 article in Life magazine — one of the great arbiters of popular
culture at the time — painted a glowing portrait of a headstrong,
confident writer taking Broadway by storm. The article repeated the
oft-told anecdote about publisher Bennett Cerf. In 1934, while a guest
at San Francisco’s Palace Hotel, Cerf was informed that "a young man
who says he is the world’s greatest author is in the lobby." Replied
Cerf: "Tell Mr. Saroyan to come right up."

At the peak of his success, with "My Name Is Aram" a best-selling
Book of the Month Club selection and "The Time of Your Life" running
successfully on Broadway, Saroyan moved into a suite in the prestigious
Hampshire House Hotel overlooking Central Park, and for a time, writes
Saroyan scholar Brian Darwent, lived "the life of a millionaire."

Yet for much of his life, he struggled with debt and a nasty gambling
habit — which only added to his larger-than-life personality.

Key to Saroyan’s image is his humble beginnings in Fresno. He was
the first son in his family of Armenian immigrants born on American
soil. A writer with an outsized personal voice, he produced many works
drawing on his own experiences growing up in the Armenian section
of Fresno. It is in these glimpses of his hometown — of the old
Armenian Presbyterian Church on Tulare Street, the Postal Telegraph
office on Fulton Street, the family house on Santa Clara Avenue —
that readers came to feel that they knew not only the characters in
his stories but Saroyan himself.

Nothing captures that autobiographical flavor better than Saroyan’s
Homer Macauley, the schoolboy hero of "The Human Comedy" who made $15
a week working 4 p.m.-midnight delivering telegrams. In "Follow," you
see a slightly surlier — and more ethnic — interpretation of this
archetypal character in Aram Diranian, the unfulfilled telegraph clerk.

Homer is youth itself, a ubiquitous folk character and something of a
priest flitting from one American town to the next, "a modern American
Mercury," writes Saroyan scholar Alfred Kazin, "riding his bike as
Mercury ran on the winds, with a blue cap for an astral helmet and
a telegraph blank waving the great tidings in his hand."

Yet this wind-riding boy grew up, slowed down, grew old.

Saroyan lived far beyond his relatively few years of intense favor in
the public spotlight. Critical tastes are hard to explain and even
harder to predict: Who can say why Saroyan doesn’t have the name
recognition today of, say, his contemporary John Steinbeck? There is
no arbitration board of literary reputation, no rules of fairness as
to why some authors go out of print and others have entire shelves
at Borders.

But Saroyan himself seemed to recognize the vagaries of fame.

The 1940 Life magazine article — which was not a cover story, showing
that even then there were limits on his celebrity — noted that since
becoming successful, Saroyan returned to Fresno on occasion.

There, the article went on to say, "he is amused by the fact that
the Armenian boys and girls he went to school with have no idea of
his fame. When they ask him what he’s doing there, Saroyan replies
that he is out of a job and ‘looking for work.’ "

What he did with words was work, of course, and he knew it. The most
glorious kind of work: one in which you leave a mark. Although the
headlines and the space on bookstore shelves might diminish, the
words will always remain.

EuroVision Song Contest: Sirusho Ready To Welcome Europe In Yerevan

SIRUSHO READY TO WELCOME EUROPE IN YEREVAN IN 2009

oikotimes.com
May 4 2008
Greece

Sirusho was in Almelo (The Netherlands) today she told
songfestival.web-log.nl that she is looking forward to invite Europe
to visit Armenia if she will win the contest. The Armenian broadcaster
will organize the contest because it is an appointment with EBU! she
said.

During her promotour she met Nico & Vlad and after Sirusho had met
them she wrote a song for them. Sirusho promised she will give a
spectacular show in Beograd. Three dancers and two backingvocals
will join Sirusho on stage. Hayko (ESC’07) en Andre (ESC’06) will
join Sirusho in the green room in Serbia.

From: Emil Lazarian | Ararat NewsPress

EuroVision Song Contest: The Eurovision Party

THE EUROVISION PARTY

Canvas Magazine
ty_200408.php
May 4 2008
UK

Eurovision fans hold on to your seats, the Eurovision stars are
coming to London for an exclusive and intimate preview at Kings Cross’
Scala nightclub.

This year’s Eurovision Song Contest will be held in Serbia, which won
last year on it’s first entry as an independent country. Taking place
on the 24th May in Belgrade, the contest has a new format, taking
stage in heats with semi-finals a couple of days before the main event.

Many Eurovision entrants have pre-contest promotional tours but we
haven’t been in on the camp fun for a little while. London last saw
Eurovision action in 1977, when the UK hosted the event. The setting
is one of London’s best nightclubs, a converted cinema which manages
to create an intimate gig environment although it holds 1200 people
over four floors.

Top of the bill – well, our bill – are Bucks Fizz, the skirt-ripping
band that won the competition in 1984 with "Making Your Mind Up." Some
other acts are yet to be confirmed, but the show comes with its own
cheesy DJ Dave Simmons, spinning some of the other finalists’ tunes
mixed with some of the old favourites.

The UK Eurovision Preview Party takes place at Scala in London on
Friday 25th April from 21:00-04:00. Full details are available on the
official event website at Tickets are £10 in
advance from or £15 on the door.

Here are some other artists in the line-up. Although, surely checking
out the bands in advance might sway your vote.

Malta – Morena heads over here with her song Vodka; presumably about
the best pastime you could have on a tiny little island full of
red-faced Brits.

Ukraine – Ani Lorak with Shady Lady. She’s one of the favourites to
win, has big boobs and Pat Butcher-like earrings.

Poland – Isis Gee will sing ‘For Life’, a song she wrote for her
husband when she moved to Poland. You could probably guess from the
name she’s not Polish. She’s not ancient Egyptian either; she grew
up in LA.

Iceland – Euroband promises to throw classic camp Euro-cheese in your
face. Alright, we haven’t heard their song yet, but look at them –
just look at them.

Norway – You already know what Maria’s song ‘Hold on be strong’
sounds like just from the title. She’s off of Norwegian Pop Idol and
is about to release her first album.

Bosnia and Herzegovina – Eric Lakovic Laka is daring enough to
come in with a song in his native tongue. It’s called PokuÅ¡aj and
we didn’t bother to look up the meaning – it’s only Eurovision for
crying out loud.

Romania – Nicola and Vlad sing Pe-o margine de lume (On the edge of
the world). The guys are stopping off at the London party as part of
their London tour. Vlad is an opera tenor and Nico composes music.

Armenia – we’re not sure what Sirusho’s number will be yet. She’s been
spreading Armenian love across the world promoting her best-selling
albums over the last few years.

–Boundary_(ID_dfxmUjS3XtZqjN7f6oRWow)–

http://www.canvasmag.net/p/eurovision_par
www.ukeurovision.com.
www.ticketweb.co.uk

Armenia Says Can Hit Economic Targets Despite Violence

ARMENIA SAYS CAN HIT ECONOMIC TARGETS DESPITE VIOLENCE

Reuters
May 4 2008
UK

MADRID, May 4 (Reuters) – Armenia can hit economic growth targets
in 2008, a senior government official said on Sunday, playing down
concerns that post-election street fighting had put off foreign
investors.

Ten people were killed in Armenia after mass riots in March and the
International Monetary Fund said the violence could put at risk the
country’s target for 10 percent economic growth in 2008.

"I do not see why growth should go down," Armenian Deputy Economy
Minister Vahram Ghushchyan said during a presentation at the Asian
Development Bank’s annual meeting in Madrid.

Ghushchyan did not think private investment in Armenia had suffered
since street battles between police and opposition protestors who
were demanding annulment of presidential elections.

"Many investors were dealing with us before the elections and the
same investors are in Armenia after the elections," said Ghushchyan.

Armenia’s economy is growing at a double-digit clip that has eased
poverty but stoked inflation to 4.4 percent in 2007.

The Armenian central bank has targeted 4 percent inflation in 2008. The
IMF says the landlocked country may need to tighten monetary policy
further in light of rising global food and energy prices.

Ghushchyan said inflation might overshoot the central bank’s target
slightly but Armenia could avoid further interest rate hikes if the
country’s dram currency appreciated another 2-3 percent and foreign
investment remained strong.

"It can be achieved through that channel rather than changing the
interest rate," he said. "Inflation may be 4, it may be 5 percent, I
do believe this will be a hard year for any country, not just Armenia."

Inflation rates are rising globally as food and energy costs soar.

The Manila-based Asian Development Bank is owned by 67 members, 48 from
the Asian region. It uses policy dialogue, loans, equity investments,
guarantees, grants and technical assistance in its mission to fight
poverty in the region.