Karen Tamazyan: Armenian financial market holds development potentia

Karen Tamazyan: Armenian financial market holds development potential

August 27, 2010 – 13:28 AMT 08:28 GMT
PanARMENIAN.Net –

Armenian financial market has potential for development, according to
Karen Tamazyan, head of the financial market development and currency
management department at the RA Ministry of Finance.

`The market will be more developed in 3-5 years thanks to creation of
new financial and investment instruments,’ Tamazyan told reporters on
August 27. `If the Armenian parliament approves the bill on pension
reform, new investments funds will be established.’

He also noted that with introduction of compulsory financial defined
contributions, financial market actors will get interested in new
development trends.

From: A. Papazian

Oxford’s top 10 budget eats

Oxford’s top 10 budget eats
This weekend, the Foodies Festival takes over Oxford’s South Parks,
but where else in the city can you find great, affordable food? Tony
Naylor unearths Oxford’s best budget eats

Tony Naylor
guardian.co.uk,
Friday 27 August 2010 11.29 BST

The Big Bang’s quality sausage and mash.

1. The Mission Mexican Grill
This tribute to the taquerias of San Francisco’s Mission District,
aims to bring authentic Cal-Mex food to Oxford. Certainly, its
burritos bear comparison with the best that Britain, a country with a
burgeoning interest in pinto beans, sour cream and flour tortillas,
has to offer (see also, Daddy Donkey, London; Bar Burrito,
Manchester/Liverpool). The distribution of ingredients through my
sample burrito was a little uneven – the aim, surely, is to get a
little bit of everything in every bite? – but said ingredients were
first-rate. The Mission’s much vaunted carnitas, pork roasted very
slowly with thyme, bay leaves and orange zest, does, indeed, offer
fathoms of flavour. It’s the sort of meat that stirs the soul.

– Burritos from £4.95. 8 St Michael’s Street, +44 (0)1865 202016; 2
King Edward Street +44 (0)1865 722020; missionburritos.co.uk

2. Oxford Covered Market
It’s not exactly Barcelona’s Boqueria, but this market, which dates
to 1774, does include a surprisingly large number of interesting (and
cheap) places to eat. These include a cafe outpost of Bristol’s
gourmet pie company, Pieminister (meals from £5; takeaway pies £3.50;
pieminister.co.uk); the original Ben’s Cookies kiosk, where you can
pick-up oven-warm, ethereally light, moist cookies, the chocolate
still melting in the middle (cookies around £1.20; benscookies.com);
and the small, attractive corner deli, Fasta Pasta. The latter is
owned by Taylor’s (taylorsoxford.co.uk), an Oxford mini-chain of
upmarket sandwich shops, and Fasta Pasta’s sandwich selection is
similarly impressive (from £2). The breads are exceptionally fresh,
and a sandwich filling of chicken and chorizo bound with a homemade,
harissa-laced North African “pesto”, was winningly different. Locals,
meanwhile, swear by the ever busy Brown’s, the “original” market cafe,
where you can get a full English for £4.85, sandwiches from £1.50 and
home-cooked British staples such as liver and bacon and cottage pie
for around £6. There is, enthuses one Brown’s fan: “None of that
gastro rubbish!” Although, curiously, from its bolo de arroz cakes to
beef with fried eggs, there is a distinct Portuguese undercurrent
running through the menu.

– Market Street, oxford-covered-market.co.uk

3. The Nosebag Restaurant
This long-standing local favourite – upstairs from Makan La on St
Michael’s Street – is a simple, cafeteria-style eaterie offering
reliably good homemade pates, quiches, curries, casseroles and
lasagnes, most of them served with a choice of three salads from a
vibrant selection. There is always a good choice of vegetarian dishes
available (such as sweet pepper and lentil lasagne, or mushroom and
butter bean stroganoff), although it was a sampler of tasty,
generously filled salmon and watercress quiche that secured Nosebag’s
place in this top 10. The dishes on the evening menu are a little more
sophisticated and slightly more expensive (mains up to £11).

– Snacks from £1.50, dishes from £4-£8. 6-8 St Michael’s Street, +44
(0)1865 721033; nosebagoxford.co.uk

4. The Big Bang
Sausage ‘n’ mash is one of those classic British dishes which, after
years of neglect, we are belatedly beginning to take real pride in. No
one more so than Max Mason, owner of the Big Bang in Oxford’s trendy
Jericho enclave. The concept could not be simpler: he sources
high-quality sausages from small farms and traditional local butchers;
you match them to a range of mash and gravy options. The lunch deal
(£5.50), which allows you to choose two sausages with a substantial
dollop of well-worked, creamy mash, gravy and a sprinkling of
(slightly withered) fried onions, is particularly filling good value.
When in Rome and all that, you may want to try the Oxford sausage, a
stridently herby, peppery pork and sage banger. The range runs from a
simple pork and leek to specialities such as pheasant and pear, and
beef and Guinness, the latter a seriously meaty mouthful. The small
restaurant space itself is pretty basic – cheap bistro furniture,
utilitarian office carpet, dated polystyrene ceiling tiles – but the
service is pleasant, the sausages good and the price right. If you’re
really watching the pennies, but want to visit in the evening, note
the “cheapskate” and hot-dog menu options.

– Lunch deal £5.50, standard mains around £9. 124 Walton Street,
Jericho, +44 (0)1865 511441; thebigbangrestaurants.co.uk

5. Branca
Back in the day, Branca was a real innovation for Jericho; a big,
sexy, post-industrial bar-diner seemingly beamed in from London or New
York. If, since 2000, the novelty has worn off, the quality remains.
Prices are pretty keen, the cooking is of notable quality, the staff
are on the ball and, on a wet, grey Wednesday afternoon, it was still
buzzing with activity. 12-5pm daily, you can eat a “small” stonebaked
pizza, pasta, antipasti or risotto with a glass of house wine or a
Peroni for £6.65. A sampler plate of smoked haddock risotto looked
like a fair three-quarter portion and contained plenty of fish. It was
accurately cooked – properly seasoned; light and creamy; the rice had
retained a little bite; the peas and onions were still al dente – and
was conscientiously topped with a little chopped parsley and lemon
zest. Pound-for-pound it was the best thing I ate during this whizz
around Oxford. Two-course and drink offer (£10.45) available Mon-Fri,
midday-7pm, Saturday until 5pm.

– Lunch deal £6.65, standard mains/pizza from £8. 111 Walton Street,
+44 (0)1865 556111; branca-restaurants.com

6. Al-Shami
Twenty-two years in, this understated Lebanese restaurant continues to
attract Oxford’s foodies. The meze may be described as “small dishes”,
and start at just £1.80, but they’re bigger than tapas, and
six-to-eight between two would make for a substantial shared meal.
Favourites such as hummus, tabbouleh, falafel and fattoush are all
present and correct, but there are plenty of things that you might not
recognise, too, from bastorma (dried, cured and spiced beef) and the
spicy Armenian sausage, sujuq, to kibbeh maqlia, little shaped,
deep-fried “eggs” of ground meat and wheat, stuffed with a (slightly
underseasoned) mix of lamb, pine nuts and onion. Lebanese wines and
araks available, although the Almaza lager (£1.90) is as sweetly
nondescript as most Mediterranean beers. Please note that unusually a
£1 cover charge applies, per person, and a 10% service charge was also
added to the bill, which nudged a £7.90 sub-total up to £9.80.

– Meze £1.80-£4, larger dishes from £5.75. 25 Walton Crescent, +44
(0)1865 310066; al-shami.co.uk

7. The Yard at Modern Art Oxford
Even in its normal indoor incarnation, the Modern Art gallery’s cafe
is worth a visit. It does a strong, fruity flat white (coffees from
£1.50) and bakes a mean cake. Its crazily rich, inch-thick banana,
walnut and chocolate brownie has a dense, fondant consistency, more
chocolate truffle than cake. You can almost feel your arteries furring
up, but what a way to go. It also serves fat gourmet sandwiches
(£4.50), salads and savoury tarts, as well bottles of Friel’s cider
and St Peter’s ales (£3.50). However, at the moment, and until 12
September, it’s not just food that’s attracting people to the Modern
Art, but the space itself. In collaboration with architects, dRMM,
artist Richard Woods, who specialises in all-encompassing
installations, has transformed the Modern Art’s delivery bay into a
playful temporary cafe, The Yard.

– Snacks from around £2-£5. 30 Pembroke Street, +44 (0)1865 722733;
modernartoxford.org.uk

8. The Vaults & Garden Cafe
When they say small soup, they mean small soup. Literally, a cup, for
£2.75. But it’s a very tasty leek and potato, the real artisan bread
(50p) lives up to the billing, and, I suppose, local, organic
ingredients – vegetables from nearby Worton Organic Garden – don’t
come cheap. Elsewhere on the enticing menu, notable for its excellent
veggie options, you’ll find dishes such as spiced chickpea tagine with
roasted butternut squash, green olives and rosemary; puy lentil and
goat’s cheese gratin, with marinaded aubergine and roasted red
peppers; or organic beef lasagne (mains served with salad, brown rice,
potatoes etc.) The location also plays a big part in the Vaults’
popularity. It’s housed in a 14th-century hall, the “congregation
house”, built as Oxford University’s original administrative centre,
within the University Church of St Mary the Virgin, while the gardens
– actually the graveyard – look out on to the famous circular
Radcliffe Camera library and several university colleges.

– Snacks from around £2-£4, main dishes £6-£8. The Vaults & Garden
Café, University Church of St Mary the Virgin, Radcliffe Square, +44
(0)1865 279112; vaultsandgarden.com

9. Edamame
Peter and Mieko Galpin’s buzzy cafe-restaurant is actually shut now
until 28 September. Put the date in your diary. Authentic Japanese
home-cooking is the deal, here, and Edamame’s competitively priced
ramens, stir-frys and noodle dishes have made it a firm favourite with
local foodies, Japanese students and many national guides. Lunch is a
steal, with complete meals – for example, breaded, fried pork loin
cutlet (pork tonkatsu) served with rice, a fruity sauce and a bowl of
miso soup – costing £6-£9. However, even on Friday and Saturday
evenings (Thursday is sushi night), most of the main dishes, which are
designed to mix, match and share, come in at around £3-£6. You may
never look at Wagamama in quite the same way again. No bookings,
takeaway available (collection only).

– Lunch meals £6-9, evening dishes (Fri/ Sat only) £3-£8. 15 Holywell
Street, +44 (0)1865 246 916; edamame.co.uk

10. George & Davis’
The production headquarters for local ice-cream luminaries, G&Ds
(other branches at Cowley Road and the corner of Pembroke Street/St
Aldate’s), this brightly painted cafe – on the Little Clarendon Street
cut-through from town to Jericho – does a brisk trade in upmarket
ice-cream, as well as filled bagels, cookies and cakes. Having been
knocked-out by G&D’s ice-cream in the past, I must admit that I was
slightly disappointed with this visit’s sample. While the flavours
were typically true and clear, and the sweetness well-judged, my
Ferrero Rocher tribute was a bit too thick and dense. It lacked
something of that luscious creaminess which you – or, certainly, I –
want from a luxury ice-cream. That said, lick for lick, I’d still hunt
out a G&Ds over any of the big brand competition.

– One scoop £2.05, two scoops £3.05, bagels from £2.60. 55 Little
Clarendon Street, +44 (0)1865 516652; gdcafe.com

– Foodies Festival Oxford runs 28 to 30 August, South Parks, Oxford
(foodiesfestival.com)

– Cross Country trains (crosscountrytrains.co.uk) travel from
Manchester to Oxford from £15 one way.

From: A. Papazian

Eduard Sharmazanov: Mammadov confesses his country reached a deadloc

Eduard Sharmazanov: Mammadov confesses his country reached a deadlock

August 27, 2010 – 13:30 AMT 08:30 GMT
PanARMENIAN.Net –

Novruz Mammadov, a high ranking Azerbaijani official, has finally
confessed that his country reached a deadlock, the secretary of the
Republican Party of Armenia said.

`A new wave of anti-Russian and anti-American hysteria is rising in
Azerbaijan. Mammadov accuses Europe and Russia of supporting Armenia,’
Eduard Sharmazanov said when commenting on the latest statement by
head of the foreign relations department of the Azerbaijani
presidential administration.

`The superpowers support Armenia and do not conceal it. They accept
Armenia’s policy on the one hand and render assistance to this
country, on the other. Possible opening of the border between Turkey
and Armenia during the NATO exercise in September is a vivid example
of this support,’ Mammadov said in an interview with Azeri media on
August 26.

From: A. Papazian

President finds IFC’S participation in Armenia’s very useful

Armenian president finds IFC’S participation in Armenia’s business
programs very useful

YEREVAN, August 27. /ARKA/. Armenian President Serzh Sargsyan thinks
International Finance Corporation’s investments in Armenia’s business
programs will be very useful.

On Thursday, at his meeting with IFC Executive Vice President Lars H.
Thunell, Sargsyan hailed the corporation’s willingness to expand its
cooperation with Armenia, the presidential press office reports.

The head of state stressed the importance of the IFC’s consulting
services especially for banking, energy, mining and business and
administration areas.

Thunell, speaking about expansion of the IFC activity in Armenia, said
that its results would become visible very soon.

The International Finance Corporation (IFC) promotes sustainable
private sector investment in developing countries as a way to reduce
poverty and improve people’s lives.

IFC fosters sustainable economic growth in developing countries by
financing private sector investment, mobilizing capital in the
international financial markets, and providing advisory services to
businesses and governments.

IFC is a member of the World Bank Group.

Armenia became a member of IFC in 1995. The IFC started investing in
Armenia in 2001 and has invested $87 million under 18 projects in
Armenia since then. -0—

From: A. Papazian

Pension contribution system to drive local companies out of shadow

Defined pension contribution system to drive local companies out of shadow

YEREVAN, August 27. /ARKA/. Introduction of the defined pension
contribution system will oust local companies and their employees from
shadow, Karen Tamazyan, chief of Armenian Finance Ministry’s unit on
financial markets, said Friday at a news conference.

The new system will be put in force in 2011.

The reforms being implemented now include multi-stage transition to a
new pension system consisting of two key components – state unfunded
pension scheme and private multi-stage financial defined
contributions.

The second component implies monthly social pay to be transferred by
citizens to special funds until they reach retirement age.

They will transfer 5% of their monthly salary and another 5% will be
invested by the government.
The accumulated funds will be invested in securities – government
bonds and stocks of organizations, including foreign companies.

`I hope that introduction of the new defined pension contribution
system will drive companies and their employees from shadow, since the
reforms make it beneficial for employees to show their real salaries,’
Tamazyan said explaining that those having higher salaries would
transfer higher social pays to funds, and this amount would be doubled
by the government.

He is convinced that the new system will ensure transparency in
payroll accounting.

The finance ministry’s official also said that the new pension system
would form funds, which would be invested in various organizations,
including banks.

As a result, so-called long money will be formed for investment in
long-term economic programs.
This will also ease debt burden and drive deposit interest rates down,
since banks will no longer face cash shortage and deposit attraction
problems.

`Companies will have option – to borrow money or to issue own stocks
for attracting funds,’ Tamazyan said.

He finds the new system just, since retirees will receive the pensions
they have accumulated while working instead of the money earned by the
next generation.

According to the latest statistical reports, Armenia has 521,300
pensioners, whose average pension mounts to AMD 24,570 (more than
$67.3).-0—

From: A. Papazian

ARS to Attend 63rd UN DPI/NGO Conference in Australia

ARS to Attend 63rd UN DPI/NGO Conference in Australia

Friday, August 27th, 2010
Asbarez

WATERTOWN, Mass.,-Armenian Relief Society representatives Suzy
Sarafian, Lucy Pampalian and Carolin Keverian will join over 2,000
global civil society activists at the 63rd annual UN Department of
Public Information/Non-Governmental Organizations Conference titled,
`Advance Global Health: Achieve the MDGs’.

The three day Conference will take place in Melbourne, Australia, at
the Melbourne Convention and Exhibition Centre from Monday, 30 August
to Wednesday, 1 September 2010.

The 63rd UN DPI/NGO Conference is being organized in partnership with
the United Nations Department of Public Information, the NGO/DPI
Executive Committee and the Government of Australia.

The conference aims to promote ways in which civil society, in
partnership with those in business, academia, philanthropy, media and
medicine, can work together to create the conditions which contribute
to improve global health.

The Armenian Relief Society supports global health initiatives by
working towards the alleviation of poverty, upholding human rights,
and promoting basic education, health care, women’s rights, and child
welfare. `Our goal is to make people aware of how global health is not
simply the management of disease. Global health requires conditions
which promote health, such as sustainable peace, poverty reduction,
education, gender equality, basic human rights and freedom from
fear’,- stated Dr. Margaret Chan, Director-General, World Health
Organization.

Founded in 1910, the Armenian Relief Society is a humanitarian
organization with over 15,000 members operating in 29 countries,
including Australia with over 300 members. The ARS, Inc. is on the
roster with the Economic and Social Council of the United Nations.

`2010 marks the Centenary of the ARS which we are celebrating under
the credo of `One Hundred Years of Devoted Service’,- said Suzy
Sarafian, ARS Australia Chairperson. `During our second centenary we
will continue to live by our creed `With the people – for the
people’,- she concluded.

For additional information about the ARS, Inc., please visit our
website at

From: A. Papazian

www.ars1910.org.

Azerbaijani Defense Ministry Rejects `Laughable’ Armenian Statement

Azerbaijani Defense Ministry Rejects `Laughable’ Armenian Statement

Friday, August 27th, 2010
Asbarez

BAKU (RFE/RL)-Azerbaijan’s Defense Ministry has rejected as
`laughable’ a claim by Yerevan that Russia could back Armenia in case
of a renewed conflict over Nagorno-Karabakh, RFE/RL’s Azerbaijani
Service reports.

Armenian Defense Minister Seyran Ohanian told RFE/RL on August 25 he
had `no doubts’ that under an agreement signed with Russia last week,
Moscow would openly support Armenia in the event of a new conflict
with Azerbaijan over Nagorno-Karabakh that `became a threat to the
Republic of Armenia.’

But Eldar Sabiroglu, the head of the Azerbaijani Defense Ministry
press service, on August 26 rejected that claim.

Sabiroglu told ANS-TV that `it is our land and it is occupied by
Armenia. The Armenian separatists must be driven out of there at all
cost.’

Referring to the updated Russian-Armenian agreement, Sabiroglu said:
`This agreement is between two states, it is up to them. But this
protocol cannot hinder or stop the Azerbaijani Army.’

He also said Azerbaijan had no choice but to upgrade its armed forces
by acquiring new weaponry.

Nagorno-Karabakh, an historic Armenian territory is populated
completely by indigenous Armenians. The region was invaded by the
Azerbaijani Armenia after it declared its independence from Soviet
rule in 1991. Baku’s incursion and earlier attempts at ethnic
cleansing in the late 1980s prompted a war that left some 30,000 dead.
The Nagorno-Karabakh Republic remains unrecognized by the world
community and international mediators have so far failed to broker a
final peace accord between Azerbaijan. Baku continues to threaten
renewed war in the region and regularly violates a cease-fire regime
in place since 1994.

From: A. Papazian

Armenian and Russian citizens in Tbilisi prison

Armenian and Russian citizens are in Tbilisi prison for visiting
Abkhazia and South Ossetia

August 27, 2010 – 18:19 AMT 13:19 GMT
PanARMENIAN.Net –

The Georgian authorities decided to prosecute those who visit South
Ossetia and Abkhazia.

Persons, whose passports contain records by border guards of South
Ossetia and Abkhazia, face from 2 to four years of imprisonment.

Meanwhile, the detainees are prosecuted as per article on violation of
the state border, reported Spokesman of the Georgian Ministry of
Internal Affairs Shota Utiashvili.

According to him, the norm was introduced in compliance with the
Georgian law on occupation, which was adopted after the
Russian-Georgian conflict in 2008.

According to Rossiyskaya Gazeta, several citizens of Russia and
Armenia are in Tbilisi prison on charges of illegal crossing of the
Georgian border. However, they were officially suggested to buy off
their freedom.

According to Shota Utiashvili, such problems often end with a fine
payment – around $1000. He added that such cases are often, Echo of
Moscow reported.

From: A. Papazian

Kiro Manoyan: Iran never denied the fact of Genocide

Kiro Manoyan: Iran never denied the fact of Genocide

August 27, 2010 – 16:38 AMT 11:38 GMT
PanARMENIAN.Net –

We mustn’t be surprised at the statement by Hamid Baghaei, Iranian
Vice-President and the head of Iran’s Cultural Heritage, Handicraft
and Tourism Organisation, according to the head of Hay Dat central
bureau Kiro Manoyan.

Commenting on Vice Presidents’ recognizing the Ottoman Government’s
massacre of a certain number of Armenians as Genocide, Manoyan stated,
`Though Iranian parliament never adopted a resolution condemning the
Armenian Genocide, Iran never denied the fact.’

`Iranian Vice President hasn’t been the first person to talk about the
Genocide,’ the head of Hay Dat central bureau said in a conversation
with PanARMENIAN.Net reporter.

From: A. Papazian

Avagyan: Baze 2010 youth meeting proved to be a large scale event

Karen Avagyan: Baze 2010 youth meeting proved to be a large scale event

August 27, 2010 – 19:08 AMT 14:08 GMT
PanARMENIAN.Net –

This year, Baze youth meeting hosted representatives of Armenian
political parties’ youth wings, such as Republican Party of Armenia,
MIAK, Orinats Yerkir, ARF Dashnaktsutyun.

`Unfortunately, Heritage and Armenian National Congress
representatives, also invited to the meeting, failed to join us. I
hope for their participation in the future, as here, at Baze, we aim
to create a unified force,’ Armenian Youth Foundation coordinator
Karen Avagyan told a news conference in Tsakhkadzor.

According to Avagyan, Baze 2010 proved to be a large scale event,
bringing together 3000 participants from Armenia, Artsakh and
Diaspora. `Over 2002-2010, Baze hosted 6000 young people aged 18-30.
Baze is an opportunity to show one’s qualities at best. Many young
people, who excelled in sports and culture, are sure to gain more
popularity after completion of the youth meeting,’ he pointed out.

Armenian President Serzh Sargsyan will participate in Baze 2010
closing ceremony.

From: A. Papazian