Budgetary Guarantee Equivalent To 0.5 Million Dollars To Be Given To

BUDGETARY GUARANTEE EQUIVALENT TO 0.5 MILLION DOLLARS TO BE GIVEN TO NORASHEN 2007 CONSUMERS’ COOPERATIVE

NOYAN TAPAN
NOVEMBER 20, 2009
YEREVAN

YEREVAN, NOVEMBER 20, NOYAN TAPAN. By the decision taken at
the November 19 sitting of the Armenian government, a budgetary
guarantee equivalent to 0.5 million USD will be given to Norashen 2007
consumers’ cooperative with the aim of attracting credit resources from
Prometey Bank in order to complete the construction of an apartment
building. According to RA Minister of Finance Tigran Davtian, a pledge
agreement will be signed with the cooperative, with the area of the
apartment building being contructed by the company to be recognized
as a security. The minister stated that it is yet another budgetary
guarantee to revive the construction sector.

Prime Minister Tigran Sargsyan said this is one of those decisions
that are criticized by opponnets who say that the Armenian government
supports developers. "The impression is that the developers are enemies
of our nation," the prime minister said, adding that so far only 3.5
billion drams has been provided as a guarantee. "By allocating this
money, we are guaranteed that the construction of these facilities
will be carried to a conclusion. On the other hand, we have allocated
about 12 billion drams for mortgage lending in order to encourage
the demand. If we promote the development of the mortgage market by
providing 12 billion drams, naturally there should also be apartments
affordable to our citizens," T. Sargsyan said.

CBA Chairman Considers 2010 Draft State Budget Realistic

CBA CHAIRMAN CONSIDERS 2010 DRAFT STATE BUDGET REALISTIC

NOYAN TAPAN
NOVEMBER 20, 2009
YEREVAN

YEREVAN, NOVEMBER 20, NOYAN TAPAN. "I consider the 2010 draft state
budget of Armenia as realistic. I think this is the best document that
the government could submit under conditions of the gloal financial and
economic crisis," Chairman of the Central Bank of Armenia (CBA) Arthur
Javadian said at the November 19 sitting of the National Assembly,
when presenting the CBA’s conclusion about the 2010 draft state budget.

The official conclusion of CBA notes that the draft presents in
detail the vision of improving the investment environment and the
tax and customs administration and assisting the development of
infrastructures, and it also indicates the necessity to continue
the anticrisis measures. It was mentioned that in case of efficient
coordination of the monetary and fiscal policies, it will become
possible to ensure macroeconomic stability and keep inflation within
the target interval of 4+-1.5%.

A. Javadian said that in the opinion of international experts, the
share of the shadow sector in the Armenian economy makes up 30-40%,
whereas in the CBA’s opinion, its share is 25-30%. In his words, the
draft budget "fully reflects the fight against the shadow sector". It
was stated that the government plans to collect 13 billion drams
through administrative measures, but there are also other measures
to be used by tax bodies and other state departments to fight the
shadow sector. "I believe that the actions the government is currently
taking in this direction are satisfactory," the CBA chairman said,
adding that "it is not an easy job".

Purchase And Sale Transactions Of 3.3 Million Dollars Carried Out At

PURCHASE AND SALE TRANSACTIONS OF 3.3 MILLION DOLLARS CARRIED OUT AT NASDAQ OEMEX ARMENIA OJSC ON NOVEMBER 20

NOYAN TAPAN
NOVEMBER 20, 2009
YEREVAN

YEREVAN, NOVEMBER 20, NOYAN TAPAN. Purchase and sale transactions of
3.3 million dollars at the weighted average exchange rate of 386.98
drams per dollar were carried out at Nasdaq Oemex Armenia OJSC on
November 20. According to the press service of the Central Bank of
Armenia, the closing price made 386.85 drams.

Armenian GDP Falls By 17.5% In January-October 2009 On Same Period O

ARMENIAN GDP FALLS BY 17.5% IN JANUARY-OCTOBER 2009 ON SAME PERIOD OF 2008

NOYAN TAPAN
NOVEMBER 20, 2009
YEREVAN

YEREVAN, NOVEMBER 20, NOYAN TAPAN. Armenia’s GDP fell by 17.5% in
January-October 2009 on the same period of 2008 and amounted to 2
trillion 466 billion 298 million drams. The index-deflator of GDP
made 0.5%.

According to the RA National Statistical Service, industrial production
declined by 11.4% in Armenia in January-October 2009 on the same
period of last year and made 525bn 23.5m drams.

Gross agricultural output fell by 0.8% to 477bn 104.1m drams,
construction volumes declined by 41.6% to 430bn 694.8m drams. Retail
trade grew by 0.1% to 797bn 130m drams, and services declined by 1.5%
to 602bn 452.2m drams.

Foreign trade of Armenia fell by 31% in January-October 2009 on the
same months of 2008 and amounted 3bn 221.6m USD, with exports declining
by 40.7% to 551.6m USD and imports – by 28.5% to 2bn 570m USD.

Consumer prices rose by 3%, industrial production prices by 2.7%
in January-October 2009 as compared to the same petiod of 2008.

The number of the officially registered unemployed persons increased
by 17% in late October 2009 as compared to the same month of 2008
and amounted to 111.4 thousand.

The average monthly nominal salary amounted to 98,618 drams in
January-October 2009 (11.5% growth compared to January-October 2008),
including the average salary of 81,529 drams in the state sector (16.1%
growth) and the average salary of 123,160 drams in the private sector
(8.1% growth).

The average exchange rate of one US dollar made 359.18 drams in
January-October 2009.

From: Emil Lazarian | Ararat NewsPress

The RA Minister Of Diaspora Participated In The Presentation Of The

THE RA MINISTER OF DIASPORA PARTICIPATED IN THE PRESENTATION OF THE BOOK ENTITLED "HISTORY OF ARMENIAN ART"

Noyan Tapan
20.11.2009

YEREVAN: On October 20, RA Minister of Diaspora Hranush Hakobyan
participated in the presentation of the book entitled "History of
Armenian Art", as reported by the RA Ministry of Diaspora.

The chronological presentation of Armenian art history corresponds
to the stages of history of the Armenian people (Armenian highland,
Old, Hellenic, Medieval Armenia, the new and contemporary Armenian
art in the Armenian communities). The book also presents Diaspora
Armenian fine arts that form a part of Armenian culture as well.

Authors of "History of Armenian Art" A. Adasyan, H. Hakobyan, M.

Hasratyan and V. Ghazaryan, presented and shed light on the history of
Armenian fine arts and architecture starting from ancient times leading
up to today. The book is for art fans, students and specialists.

TBILISI: Ilham Aliyev Optimistic

ILHAM ALIYEV OPTIMISTIC

The Messenger
Nov 20 2009
Georgia

On November 17 at a meeting with Karabakh IDPs President of Azerbaijan
Ilham Aliyev stated that there are two ways out of the current
situation, either peace or war. Since 1992 negotiations have been
taking place and although they are moving very slowly there is a
certain progress. Currently they are discussing Armenia withdrawing
its troops from all the Azeri regions it has occupied and allowing
Azeri refugees to return to Karabakh.

Ilham Aliyev also stated that the Armenian side has decided to while
away time and use this time to settle Armenian people in Karabakh. He
said that at some point Armenian forces will become unable to control
the established border with Azerbaijan, as Azerbaijan is gaining
strength and improving its demographic situation. The population
is increasing as a faster rate than Armenia’s and today the Azeri
economy is 7 times bigger than Armenia’s while in a couple of years
it will be 13-15 times bigger.

The Azeri President stated that Armenia is isolated from international
projects, all its borders except one are practically sealed and under
these conditions the continued existence of the country is under
question. He expressed his confidence that no country can survive on
foreign financial support alone, in particular a country which has
problems with its neighbour. The gap between Armenia and Azerbaijan
is increasing, but despite this Azerbaijan still prefers the way
of negotiation.

TBILISI: Russia To Participate In Iran-Armenia Oil Pipeline

RUSSIA TO PARTICIPATE IN IRAN-ARMENIA OIL PIPELINE

The Messenger
Nov 20 2009
Georgia

By Messenger Staff Friday, November 20 At the end of 2009 Armenia
and Iran will start constructing the oil pipeline from the Iranian
city of Tavriz to Armenia’s Eraskh. As Minister of Energy of Armenia
Armen Movsisian stated Russia will have 10% of this project. Through
this pipeline Armenia will receive benzine and fuel.

Initially the project envisaged building an oil refinery in the
Armenian city of Megri, but Russia considered this impractical and
later Gazprom decided to participate in this project instead. Analysts
think that the average annual consumption of oil products by Armenia
will not be more than 250,000 tonnes annually.

From: Emil Lazarian | Ararat NewsPress

Russian Gas Price To Rise For Armenia In 2010

RUSSIAN GAS PRICE TO RISE FOR ARMENIA IN 2010

news.am
Nov 20 2009
Armenia

Gas price will make U.S. $180 per 1000m3 in Armenia starting January 1,
2010. Under the ArmRosGazprom (ARG) CJSC and Gazprom OJSC agreement,
Armenia had to pay U.S. $200 per 1000m3.

ArmRosGazprom Company Board Chairman Karen Karapetyan stated a month
ago that gas rate for Armenia will be reduced. RA Minister of Energy
and Natural Resources Armen Movsisyan confirmed the information on
November 19, 2009.

According to experts, Russia had cut gas price due to fall in oil
price in world markets. Gazprom will supply gas to European countries
at U.S. $200-220 against previous U.S. $460, whereas Armenia presently
pays U.S. $154 per 1000m3.

Starting April 1, 2010 gas and electricity prices will rise, Chairman
of RA Public Services Regulatory Commission Robert Nazaryan stated
recently.

From: Emil Lazarian | Ararat NewsPress

Armenians Published The First Newspapers In Rostov-Na-Don

ARMENIANS PUBLISHED THE FIRST NEWSPAPERS IN ROSTOV-NA-DON

Noyan Tapan
20.11.2009
ROSTOV-NA-DON

The first newspapers in Rostov-na-Don were published in late 19th
and early 20th centuries, but few know that they were published by
Armenians from Nakhichevan, writes the Russian-Armenian "Yerkramas"
newspaper, according to the "Vecherni Rostov" (Rostov in the Evening)
newspaper.

The "Priazovski Kray" (Near Zov Region) was published by S. Arutyunov
(Harutyunyan). In 1891 Harutyunyan was granted the right to publish the
"Donskoye Pole" (Field of Don). He renamed the newspaper and published
it with a new look. The newspaper was the most favorite in southern
Russia and A. P. Chekhov was published as well.

The "Donskaya Pchela" (Bee of Don) newspaper was published by
well-known bibliophile H.Ter-Abrahamyan. He also published the
"Russian-Armenian calendar of Don-Azov" in Russian. It was an annual
publication that featured informational materials and told about
Armenian community life in Don.

Among other favorite newspapers was the "Donskaya Rech" (Dialect
of Don), which was edited by M. Berberyan who was highly respected
in Nakhichevan.

But the residents of Nakhichevan wanted to have their own newspapers.

In 1878, during his visit to St. Petersburg, well-known public
figure R. Patkanyan appealed to the General Press Department with the
request for permission to print the "Nor Nakhichevan" (New Nakhichevan)
newspaper. He was also the publisher and editor. But he didn’t receive
permission and the reason for that was that there were no officials
in Nakhichevan and Rostov who knew Armenian nor had opportunities
for censorship…

Nevertheless, Armenian newspapers started being published in
Nakhichevan in the early 20th century and one of the first was
the Dashnaktsutyun’s "Aghavni" newspaper, followed by "Nor Kyank"
(New Life), "Mer Dzayn" (Our Voice), "Luys" (Light), "Mer Khoske"
(Our Speech), "Grich" (Pen), "Gaghut" (Community), "Hay Hamaynk"
(Armenian Community) newspapers…The Armenian newspapers published
in 1920-1940 were "Aghkatutyun" (Poverty), "Ashkhatavori Kriv"
(Workers’ Fight), "Lenini Ughiov" (By the course of Lenin), "Murtch
yev mangagh" (Hammer and Hook), "Groh" (Attack) and "Bolshevik". The
collections have been preserved in the archives of the "Holy Cross"
Russian-Armenian Friendship Museum and currently in the archives of
the regional museum of geology. Russian educator, well-known geologist
A. Malkhasyan has done a lot to preserve and study the collections. His
Russian-Armenian conversational manual is truly a unique publication,
which includes the dialect of Armenians of Don.