No Sense In Implementing New Financial Tools In Armenia

NO SENSE IN IMPLEMENTING NEW FINANCIAL TOOLS IN ARMENIA

/PanARMENIAN.Net/
23.11.2009 14:42 GMT+04:00

/PanARMENIAN.Net/ There’s no sense in implementing new financial
tools in Armenia, according to Aram Kayfajyan, Director General of
Armenbrok Investment Brokerage and Consulting Company

"The republic doesn’t need such complicated instruments as hedging or
futures at this point of time," Mr. Kayfajyan told a PanARMENIAN.Net
reporter. "The work with stocks and bonds, as more available financial
instruments, should be intensified."

He also informed that no new emission is planned on Armenia’s equity
market till the yearend.

Armenbrok OJSC is Armenia based leading investment brokerage and
consulting company, providing its customers with full range of
financial and investment services in the Armenian financial market.

Since its establishment in 1995, Armenbrok has put its best efforts
to open as many doors as possible to individual and institutional
investors and companies so that it would be in their best interest
to invest in securities of reputable Armenian companies. In the
securities brokerage in Armenia, Armenbrok has reached one of the
leading positions, providing its customers opportunities to invest
in liquid Armenian stocks.

Armenbrok To Conduct Seminars On Capital Market Awareness Increase

ARMENBROK TO CONDUCT SEMINARS ON CAPITAL MARKET AWARENESS INCREASE

/PanARMENIAN.Net/
23.11.2009 14:50 GMT+04:00

/PanARMENIAN.Net/ Armenbrok Investment Brokerage and Consulting Company
plans to organize seminars on capital market awareness increase for
Armenian population, Armenbrok Director General Aram Kayfajyan told
PanARMENIAN.Net reporter.

As Armenbrok Director General noted, awareness increase is absolutely
necessary for the development of capital market in Armenia. Both the
stock market and RA government has to undertake an intensive work in
this direction.

Armenbrok OJSC is Armenia based leading investment brokerage and
consulting company, providing its customers with full range of
financial and investment services in the Armenian financial market.

Since its establishment in 1995, ARMENBROK has put its best efforts
to open as many doors as possible to individual and institutional
investors and companies so that it would be in their best interest
to invest in securities of reputable Armenian companies. In the
securities brokerage in Armenia, Armenbrok has reached one of the
leading positions, providing its customers opportunities to invest
in liquid Armenian stocks.

Israel-Turkey Tensions Grow

ISRAEL-TURKEY TENSIONS GROW

/PanARMENIAN.Net/
23.11.2009 14:53 GMT+04:00

/PanARMENIAN.Net/ Recently, World Youth Chess Championship was held in
Turkey. An Israeli girl became Under 14 Girls tournament winner. Yet,
Hatikvah, the Israeli national anthem was not played at the award
ceremony. Head of Israel’s Chess Association has already filed an
official protest to World Chess Association.

The tournament organizers decided that only hymns of the teams should
be played, what constitutes a protocol violation.

Last night, Industry and Trade Minister Binyamin Ben-Eliezer arrived
at Turkey, aiming to attempt at normalizing bilateral relations, which
aggravated after Ankara’s screaming TV series on "Zionist occupants’
atrocities" in Gaza strip.

Turkey refuses to acknowledge Jerusalem as Israeli capital, addressing
official letters to Tel Aviv. Turkish Premier Recep Tayyip Erdogan
announced he’d meet with Sudan president, charged of crimes against
humanity, rather than with Israeli Prime Minister Binyamin Netanyahu,
Kursor reported.

"Armenbrok": Economic Recession To Reach 15 Per Cent In 2009 In Arme

"ARMENBROK": ECONOMIC RECESSION TO REACH 15 PER CENT IN 2009 IN ARMENIA

/PanARMENIAN.Net/
23.11.2009 15:01 GMT+04:00

/PanARMENIAN.Net/ Economic recession will reach 15 per cent in 2009
in Armenia, Aram Kayfajyan , CEO of Armenbrok investment consulting
and brokerage company said in Yerevan, answering the question of a
PanARMENIAN.Net reporter. "I think we will reach 15 per cent economic
downturn, not more," he said.

Over the last ten months of 2009 economy shrunk 17,5 per cent in
Armenia compared to the same period in 2008. According to the National
Statistical Service of Armenia, country’s GDP in January-October of
2009 amounted to 2,466.3 billion AMD.
From: Baghdasarian

RA Parliamentary Delegation Off To Moscow For PABSEC Session

RA PARLIAMENTARY DELEGATION OFF TO MOSCOW FOR PABSEC SESSION

/PanARMENIAN.Net/
23.11.2009 15:02 GMT+04:00

/PanARMENIAN.Net/ Armenian parliamentary delegation led by RA National
Assembly speaker Hovik Abrahamyan departed for Moscow to attend the
34th session of the Parliamentary Assembly of the Black Sea Economic
Cooperation.

As a PanARMENIAN.Net reporter came to know from RA NA spokesman
Nairi Petrosyan, bilateral meetings between delegation heads are not
ruled out.

Gas Price May Go Up If Azerbaijan And Turkey Reach Accord

GAS PRICE MAY GO UP IF AZERBAIJAN AND TURKEY REACH ACCORD

news.am
Nov 23 2009
Armenia

Azerbaijan and Turkey will reach an agreement on gas supply this
December. Presently, the sides already agreed on a number of issues
and the signing of a treaty is expected, where the gas price for the
next year will be set, 1news.az reports.

"The talks with Turkish Botas Company continue and in case the
agreement on gas price is reached, the experts do not rule out the
possibility that price will increase by 70% in domestic market. If
gas is purchased at U.S. $250-260, the price in domestic market will
go up to U.S. $280-290," the website reads.

Azerbaijan started claiming about the increase of gas price after
Armenia-Turkey Protocols signing, though it says not a single word
of Karabakh issue.

Azerbaijani President’s Statements Made For Armenian Public, Not Aut

Azerbaijani President’S Statements Made For Armenian Public, Not Authorities

/PanARMENIAN.Net/
23.11.2009 15:15 GMT+04:00

/PanARMENIAN.Net/ Azerbaijani President’s statements are made for
Armenian public, not authorities, a military psychologist said.

"Aliyev makes such statements to spread panic among the Armenian
population. A new war between Armenia and Azerbaijan is very unlikely,"
Davit Jamalyan told a news conference on Monday.

Military potential of both countries is equal, according to him.

"The attacking side never announces its intentions. If Aliyev wanted
to wage a war, he would do it without any warning," Jamalyan said.

Armenbrok Interested In Placing Six Companies’ Shares To Be Privatiz

ARMENBROK INTERESTED IN PLACING SIX COMPANIES’ SHARES TO BE PRIVATIZED THROUGH THE STOCK EXCHANGE

/PanARMENIAN.Net/
23.11.2009 15:18 GMT+04:00

/PanARMENIAN.Net/ There is already a program to realize IPO of six
companies, which will be privatized through the NASDAQ OMX Armenia
stock exchange, Aram Kayfajyan , CEO of "Armenbrok" investment
consulting and brokerage company told journalists in Yerevan.

According to him, the government of Armenia and other trusts are
actively involved in this process.

Once the relevant documents are ready for organizing public
privatization, "Armenbrok" will consider companies’ attractiveness to
its customers. "If these companies are attractive to our investors, we
will take part in the placement of shares in these companies," he said.

ANKARA: Armenian Newspaper Weary About Being A Target In Coup Plans

ARMENIAN NEWSPAPER WEARY ABOUT BEING A TARGET IN COUP PLANS

BIAnet
Nov 23 2009
Turkey

Lawyer Fethiye Cetin argues that it might be considered to merge
the Dink murder case with the Ergenekon file if new findings occur
that support the "Cage" Operation. He said they would follow up the
operation plan’s registry of Agos newspaper subscribers.

Joint attorney of the Hrant Dink case Fethiye Cetin considered the
allegations regarding a "Cage Operation Action Plan" as "grave and
frightening". The "Cage Operation Action Plan" was supposedly worked
out as a coup plan by the Naval Forces, targeting non-Muslims and
aiming to charge them of their religious beliefs.

Taraf newspaper reported that the plan also included a map showing
homes and offices belonging to minorities and 939 non-Muslim
representatives all over Turkey.

Cetin: I am in horror…

Avukat Cetin talked to bianet and expressed her astonishment about the
matter, "I am in horror right now. Some forces of this country sit down
and they will make a plan to define their fellow citizens of their
own country as enemies. They will kill Armenians and non-Muslims in
the psychological war they conduct against the ones defined as their
enemies, both in terms of supplies and casualties".

Lawyer Cetin indicated that the investigation into the cage operation
has not been completed yet and is carried out confidentially. She
said she let it go with evaluating the events reflected in the media.

Agos subscribers’ details registered in the operation plan Cetin
stated that the Hrant Dink murder case might be merged with the
Ergenekon trial in case of a tangible connection with the Dink case
and a verification of the claims.

Cetin announced that new findings emerged to support the claim that
Armenian Agos newspaper subscribers were subject to the operation
plan, saying that the matter is also going to be followed up by
the newspaper.

Hatemi: Computers stolen from Greek foundation bianet asked Lighthouse
Greek Patriarchate lawyer Kezban Hatemi whether such activities
regarding non-Muslims have occurred or not.

Hatemi informed bianet that computers of a Greek parochial foundation
had been stolen and that the corresponding trial is pending at the
Beyoglu (Istanbul) Court.

Taraf daily declared that the prosecutors of the Ergenekon case
managed to decipher a CD concerned with the plan and written by
detained defendant Levent BektaÅ~_. Accordingly, Naval Staff Major
Eren Gunay, currently detained in connection of ammunition found in
Poyrazköy, prepared the list of ammunition intended to be uses for
the planned actions.

Weapons on the list 3 sniper rifles (Remington 7,62/Dragunov 7,762),

2 sniper rifles (Accudacy 12,7)

5 silencer pistols (Glock)

30 machine guns (Uzi)

4 LAW

900 subsonic cartridges (9x19mm)

20 pounds C4 plastic explosives

20 pounds C3 plastic explosives

20 pounds C8 plastic explosives

100 detonating cords

20 electrical detonators

50 bombs

50 boxes of black smoke-bombs

100 boxes MKE smoke-bombs

2 tons of ammonium nitrate

200 anti-personal shells (7,62 mm)

150 anti-personal shells (12,7 mm)

150 anti-material shells (12,7 mm)

5 000 original weapons ammunition allocated/to be delivered

3 high-magnification binoculars (suitable for all weapons) (EO/VK)