Caucasus Growth Fund Raises $42 Mln To Boost Private Investment

CAUCASUS GROWTH FUND RAISES $42 MLN TO BOOST PRIVATE INVESTMENT

/ARKA/
APRIL 27, 2012
YEREVAN

YEREVAN, April 27. /ARKA/. The European Bank for Reconstruction and
Development (EBRD) said SEAF Caucasus Growth Fund raised $42 million
to boost private investment in Caucasus.

“International financial institutions are teaming up to support
local businesses with private equity financing in the Caucasus,”
ARKA quotes the source.

The EBRD, International Finance Corporation, a member of the World
Bank Group (IFC), the Netherlands development bank (FMO) and Black
Sea Trade and Development Bank (BSTDB) will invest in the Caucasus
Growth Fund. This new fund is backed and managed by Small Enterprise
Assistance Funds (SEAF), a global fund manager.

International financial institutions are initially providing
$40 million and Small Enterprise Assistance Funds will contribute
additional $2 million to the SEAF Caucasus Growth Fund, with a target
size of $70 million. It will be the first institutional-quality fund
dedicated to providing debt and equity capital to small and medium
enterprises in Caucasus.

Through their collaboration, the international financial institutions
are supporting private equity investments in the small and medium
enterprises segment, which is a backbone of the Caucasus economies
and plays a key role in job creation. The fund will invest across a
range of industries, with particular focus on consumer and business
services, agribusiness, distribution, energy and retail, which remain
underserved by other capital providers.

Head of EBRD Yerevan Office Valeriu Razlog said fostering
entrepreneurship in the countries that strive towards a market economy
is the cornerstone of the EBRD’s strategy.

“The overwhelming majority of the EBRD’s activities support private
sector development. The EBRD is delighted to join forces with its
partner IFIs and SEAF to support the development of the private equity
sector in the region,” he added.

This project will bring much-needed resources and knowledge to support
the development of prospective businesses, he clarified.

Tomasz Telma, IFC Director for Europe and Central Asia, said,
“Lack of capital is one of the most serious challenges for small and
medium enterprises in the southern Caucasus. Through its investment
in the SEAF Caucasus Growth Fund, IFC is helping address an important
obstacle to these small and medium enterprises, which represent the
backbone of economic diversification and employment.”

On his side, Andrey Butin, BSTDB Director for Financial Institutions
said support towards the development of small and medium enterprises
in the Black Sea region is a strategic priority for BSTDB, a regional
development institution.

He added that the SEAF Caucasus Fund will facilitate access to
affordable capital for competitive private businesses in Armenia,
Azerbaijan and Georgia and foster good business practices and
knowledge transfer.

“The project is also a demonstration of the positive synergies between
development partners in promoting sustainable growth and job creation
through private sector development in the region” he said.

SEAF is a global fund manager with an extensive track record of
developing local fund management capacity and providing growth and
expansion capital to small and medium enterprises in emerging markets
in Eastern Europe, Latin Amreica and Asia.

Prime Minister’s Mine

PRIME MINISTER’S MINE
Naira Hayrumyan

Story from Lragir.am News:

Published: 15:19:56 – 27/04/2012

In yesterday’s meeting the government approved good documents,
even longed-for ones. Amendments to the tax code were approved which
will relieve the life of SMEs. The amendments were hailed by all the
TV channels.

But here is a strange thing. The government approved the amendments
now when the parliament’s mandate ends, and nobody knows what the next
parliament will be. Is this the prime minister’s populism who wants
to show off some 10 days before the elections? Or is he planting a
mine under the next government?

One way or another, the government pretends as if no elections are
coming up and it will continue to work for another 5 years and its
last steps look like cleaning. In a month the government will have
another government, and Tigran Sargsyan knows it better than anyone.

Therefore, he hurried to approve the tender results for two major
sections of the North-South highway worth 250 million dollars.

Yesterday it became known that a Spanish company has been awarded a
contract based on the result of the tender in which Chinese companies
participated as well. The project is funded by the Asian Development
Bank which refused to award contracts to the Armenian companies which
won the past few tenders. In fact, Tigran Sargsyan was unable to
“award” this major project to local companies.

Yesterday an agreement on free economic zone was signed with
Sitronics. The FEZ was one of the declared priorities of Tigran
Sargsyan’s policy and he has perhaps decided to fulfill this promise
as well. It is true that it was established in the Russian territory
but apparently it was one of Tigran Sargsyan’s last tasks.

It is notable that the Republicans have not announced yet that in case
of victory they will nominate Tigran Sargsyan. In fact, the parties
keep their shadow prime ministers secret with only 9 days before the
parliamentary elections.

However, it is not a matter of persons who could occupy the post
of the prime minister. What matters is whether anyone will be able
to offer fundamental economic transformation. Prosperous Armenia
pretending for majority in parliament offers some amorphous measures.

A party whose leader says an oligarch is good because he helps people
cannot support redistribution of property and economic system.

The Armenian National Congress also offers fragmental steps such as
compensation for lost savings and tax amnesty but does not declare
fundamental review of the economic system.

The sociologist Aaron Adibekyan announced yesterday that Armenia’s
foreign debt authored by Tigran Sargsyan will further guarantee him
the post of prime minister. Though this argument does not seem strong
enough, Tigran Sargsyan may rest in his place because there will not
be a convincing alternative.

http://www.lragir.am/engsrc/comments25971.html

Any Elements Of Self-Governance In Universities Have Been Meticulous

ANY ELEMENTS OF SELF-GOVERNANCE IN UNIVERSITIES HAVE BEEN METICULOUSLY DESTROYED. STATEMENT

Story from Lragir.am News:

Published: 15:45:25 – 27/04/2012

The order by Minister of Education and Science Armen Ashotyan to
remove Suren Zolyan, Rector of Yerevan State Linguistic Union named
after Brusov, from his position emphasizes once again the fact that
the higher education system in Armenia is in intolerable condition.

The order also reflects the desire of the Executive to establish direct
control on academic institutions and shows the Ministry’s condescending
attitude towards the faculty and students of the University.

The dismissal of the rector, which took place without the decision
of the governing body of the University – the Board of Trustees, is
suspect, to say the least, from the point of view of corresponding
to the law. Moreover, the order creates the impression of disdain not
only towards the governing collegial body but also towards the whole
principle of self-governance of universities. Zolyan’s dismissal once
again puts the spotlight on the contradictory situation in which the
universities find themselves and their dependence on the Executive, as
was the case when the status of state non-commercial organizations was
conferred upon them. It is also of concern that the reason for which
Zolyan received a strict reprimand was the fulfillment of his duties
as a Council of Europe (CoE) expert. Because Zolyan had left for the
CoE event as an expert proposed by the Government of Armenia, to see
him punished by the same Government of Armenia for fulfilling those
duties is not only strictly illogical, but it is also an expression
of disrespect towards the CoE and its operations.

This whole story regarding the dismissal is a testimony to the
fact that in parallel to all the assurances of loyalty towards the
Bologna process, a precisely opposite set of developments has taken
place in Armenia. Instead of reorganizing the governance of higher
education institutions in Armenia to put them in harmony with European
standards, any elements of self-governance in universities have been
meticulously destroyed. The boards of trustees have ended up under the
control of the Executive both de facto and de jure. State officials
have become the chairpersons of the boards of trustees of all the
leading universities. Unfortunately, this usurpation of the higher
education system by the Executive under the cover of “reforms” and
“Europeanization” went unnoticed both by the staff of the universities
and the donors financing those reforms. It is symbolic in this sense
that the dismissed rector is from the university where a certain
ground for reform had actually been laid.

We, the undersigned, express our profound disagreement with the
way in which Suren Zolyan’s dismissal was organized, we condemn the
governance mechanisms currently seen in universities and we demand –

– an immediate and complete rejection of all legally suspect decisions

– a resolution to the current situation through an open and transparent
process

– urgent reform to the governance system for universities, including
academic independence with real guarantees, not just formalities.

Larisa Minasyan, Open Society Foundations – Armenia Gevorg
Ter-Gabrielyan, Eurasia Partnership Foundation – Armenia Boris
Navasardian, Yerevan Press Club

Stepan Danielyan, Cooperation for Democracy Centre

Stepan Grigoryan, Analytical Centre for Globalization and Regional
Cooperation Levon Barseghyan, ‘Asparez’ Gyumri Journalists Club Avetik
Ishkhanyan, Helsinki Committee of Armenia Artak Zeinalyan, ‘Rule of
Law’ NGO Artur Sakunts, Vanadzor Office of Helsinki Citizens Assembly
Sona Ayvazyan, ‘Transparency International Armenia’ Anticorruption
Centre

Elina Poghosbekyan, Media Diversity Institute

Gagik Avagyan,”Partnership and Democracy” NGO

Sona Hovhannisyan, “Mijnaberd” NGO

Nazareth Nazaretyan, DVV-international – Armenia

http://www.lragir.am/engsrc/society25972.html

Armenia’s demographic situation must be changed – Dep Min of Finance

Armenia’s demographic situation must be changed – deputy minister of finance

news.am
April 28, 2012 | 21:14

TSAKHKADZOR. – The current pension distribution system has deficit and
it will get worse in the future, Armenian Deputy Minister of Finances
Vardan Aramyan told during the seminar on pension reforms in
Tsakhkadzor. Armenian nation continues to get older and the
demographic problems affect also the financial system as social
payments are not enough to pay pensions. The generation harmony system
does not work. The young generation is not able to take care of the
older generation. In order to solve those problems Armenia changes to
collective system of pension payment. According to Aramyan in order to
settle the financial tension Armenia must change its demography, the
birth rate must increase.

Ombudsman says voter list release up to court’s ruling

Ombudsman says voter list release up to court’s ruling

April 28, 2012 – 16:45 AMT

PanARMENIAN.Net – Commenting on the decision of several political
parties to appeal to the Constitutional court with a demand to release
the voter lists, Human Rights defender of Armenia said he can’t
provide a specific answer as to whether voter lists publication would
be correct or not.

`On the one hand, it will strengthen the control mechanism over votes;
on the other hand, it may become a publican of personal information,’
Karen Andreasyan said, refraining from voicing his opinion, saying he
himself is interested in the court’s ruling.

A single inter-party headquarters to counter election frauds intends
to address the Constitutional court with a request to rule the point
of the Armenian electoral code banning publication of voter lists as
unconstitutional.

Armenian Genocide commemorated in New York, New Jersey

Armenian Genocide commemorated in New York, New Jersey

April 28, 2012 – 17:51 AMT

PanARMENIAN.Net – New York and New Jersey hosted mourning events
dedicated to the 97th anniversary of the Armenian Genocide, with
participation of Congressmen, representatives of states, as well as
scientists and students conducting researches on the issue.

An exhibition at University of Bergen marked the start of
commemoratives events, followed by an event on genocide prevention at
UN Office and a liturgy served at St. Vartan Cathedral on April 22-
24. Armenia’s permanent representative to UN Karen Nazarian also
participated in the events.

On the initiative of Armenian students at NY universities,
commemoration meetings and film screenings on Genocide were held in
line with official events.

‘Baku’s ties with Jerusalem are more important than with Teheran’

‘Baku’s ties with Jerusalem are more important than with Teheran’

Sat 28 April 2012 05:54 GMT | 6:54 Local Time

News.Az interviews Israeli political scientist Vladimir Mesamed, an
expert of the Middle East Institute (Moscow).
How do you condition the recent deterioration of relations between
Baku and Tehran?

It seems to me that a serious fact affecting the Iranian-Azerbaijani
dialogue is the more crystallized orientation of Baku to the West. The
Republic of Azerbaijan is the state in the South Caucasus region,
which strategically attracts the US more than others. The features of
this country such as belonging to the Caspian region with its vast
hydrocarbon reserves and a special significance of this country for
Iran because of ethnicity and historical destiny are important for
Washington. The US is attracted by the fact that despite the
relatively developed democratic institutions in Azerbaijan, this
country to some extent has the authoritarian presidential power, with
which it can talk and negotiate.

In recent years, Azerbaijan has been more confidently entering the
western structures, thus demonstrating its commitment to the
pro-Western path of development. Thus, the orientation of Baku to the
West can be considered quite an accomplished act. This is realized
also in Iran where the steps of Azerbaijan are taken with sympathy,
demonstrating its independence, where, however, “red lines” are
placed, making the West accept this reality. In this key, I would
consider the decision that Baku made several years ago to withdraw its
peacekeepers from Iraq. It was taken with a bang in Teheran which
realized that it would not become an obstacle to dialogue with the
West and not harm military cooperation with the US. Iranians here also
have to put up with the existing reality.

Another factor casting shadow on the dialogue between Tehran and Baku,
which is important for the both sides, is the development of relations
between Azerbaijan and Israel. Israel is an essential buyer of Azeri
oil. These countries are very tightly cooperating in military and
technological spheres. Now, nearly a quarter of the “black gold”
consumed by the Israeli market is accounted for Azerbaijan. Due to
this fact, Azerbaijan ranks first among Muslim countries in turnover
with Israel. The both countries need each other. For Israel, it’s an
undoubted benefit to get a true partner, a moderate Muslim republic
with a dominant Shiite population, located on the border with Iran.

Azerbaijan will be able to benefit from these advantages of the Jewish
state as a bridge to the West, from the possibility of using the
Jewish lobby in the U.S., from the provider of advanced technology and
know-how, and from the presence in Israel of sufficiently large and
influential community of immigrants from that country. Israel has an
impact on all the leading countries in the world, and this factor is
certainly capable of positively effecting the protection of the
interests of Azerbaijan in the international arena. In this regard, it
is important to note the statement made by the leader of Azerbaijan
Ilham Aliyev during the visit of Israeli President Shimon Peres to
Baku July 2009 that the people and government of Azerbaijan consider
Israel as a strategic partner and are committed to cooperate with
Israel in all possible directions.

To some extent, direct contacts between the leaders of two countries
(the latest example of this – the visit of the Israeli Foreign
Minister Avigdor Lieberman to Baku) show that, without removing the
entire action of the Iranian factor, Azerbaijan will consider it at
minimal. It is safe to say that Iran has long received a message that
for Ilham Aliyev who took the pro-Western course, relations of Baku
with Washington and Jerusalem, both in the strategic and tactical
context, are more important than the dubious “friendship” with Tehran.

As for the substance of your question, the current stage, no doubt, is
very heavy for Tehran, where the fate of the very regime of the
country is at stake, and the country is experiencing a powerful
economic and political pressure. The victory of fundamentalists in the
recent parliamentary elections in Iran could mean even more stringent
resistance of the regime against measures of to break the deadlock. In
this situation, Iranians tend to appeal to their natural allies,
which, no doubt, include the Republic of Azerbaijan. Seeing how
Azerbaijan more clearly takes the side of the West, which the Iranian
propaganda calls the “outsider” (biganegan), the leaders of Iran, in
their natural reaction, are tightening attacks on Baku.

In the foreign policy of Teheran and in many other spheres, many
things are governed by religion. In this sense, how can be explained
the fact that in political terms, Iran is closer to Christian Armenia,
rather than the same Shiite Azerbaijan? It is just the matte of
Azerbaijani-Israeli relations?

Much enough has been said about the convergence of Iran and Armenia. I
will not repeat already voiced versions. Let me just say one thing –
it does not have a strategic character, but is subject to tactical
trends emanating from the geopolitical realities of the South Caucasus
as a sensitive node of world politics. Iran simply does not have other
choice. Pro-Western regimes Tbilisi and Baku are sufficiently enough
pushing Teheran to not always unambiguously good and frank embrace of
Moscow and Yerevan. With its financial resources (even in light of the
difficult economic situation in the country, with recognition of the
fact that as a result of economic sanctions of the international
community, Iran during the last year failed to receive 28 billion
petrodollars), Iran provides Yerevan serious economic preferences.

Let’s pay attention to the last statement of Armenian Ambassador to
Iran Arakelyan that “the Armenian-Iranian relations were close and
friendly from time immemorial, and now the relations between Armenia
and Iran are the warmest among countries in the region.” Let us cast
away sentiments and take the facts. An oil pipeline between the two
countries that will soon be constructed really helps Iran overcome the
international blockade. The pipeline with length of 365 km is assumed
to be commissioned in 2014.

It has a significant political aspect: the oil embargo on the supply
of hydrocarbons from Iran will strengthen the economic cooperation
between these two countries. The recent statement of Iranian diplomat
Ali Akbar Salehi shows that the countries are going to maximize the
potential of trade links in order to bring it to USD 1bn a year in the
near future. So the Shiites can, if necessary, forget the fraternal
feelings towards their fellow human beings and because of the economic
and market feasibility to be friends with the enemies of friends.

How logical is the conclusion of the author of publication The Foreign
Policy that Israel intends to use the territory of Azerbaijan to bomb
Iran, given that Azerbaijan and Israel do not have a common border,
and also separated by not very friendly countries to Israel?

I do not think that there is logic here. Israel has repeatedly brushed
aside such statements. In addition, Israel is well aware of the
sensitivity of the relationship between Baku and Tehran, and does not
want to toughen them. Recall in this connection the example of the
appointment of an ambassador of Israel in Ashgabat. Seeing that the
proposed nomination could trigger a worsening of relations between
Iran and Turkmenistan, Israel expressed understanding of the situation
and as a result, decided to make another appointment to the post of
ambassador.

In unofficial conversations, diplomats acknowledge that Azerbaijan
does not open its embassy in Israel because of its unwillingness to
irritate the southern neighbor. However, can Baku go for it in case of
further deterioration in relations with Tehran, and what will it lead
to?

Regarding the first part of your question, I think it is. We in Israel
are well aware what connects the Persians and Azerbaijanis: the
territorial neighborhood, confessional identity, time-tested common
historical destinies. Besides, Iran has provided assistance to
Azerbaijan in the formation and stabilization of the state – it helped
Azerbaijan to join a number of global structures, in particular, the
Organization of Islamic Conference and ECO, established cooperation in
political, trade and economic sphere.

Therefore, Jerusalem would not promote the distancing of the two
countries and peoples from each other, although objectively is
interested in it. However, in this context, let’s give examples of
Astana and Tashkent. Their dialogue is fruitful in both directions –
Kazakhstan and Uzbekistan are friends with Israel and Iran at the same
time. Their embassies have been operating more than a decade and a
half, also in Tel Aviv. However, any comparison as we know “is
limping”.

Dr. Vladimir Mesamed lives and works in Jerusalem (Israel). He is a
graduate of the Faculty of Oriental Studies, Tashkent State
University. In 1984 he defended his thesis at the Institute of
Oriental Studies in Moscow. In 1994 he immigrated to Israel. Prior to
that, he worked as head of the Department of Radio and Television
Broadcasting to Iran of Republic of Uzbekistan. Since 1996 he has
taught Iranian studies at the Institute of Asia and Africa of the
Hebrew University in Jerusalem. In parallel, in 1995-2008, he worked
in the broadcast on Iran of radio station “Kol Israel” (“Voice of
Israel”).

Since 2008, he also teaches at the Open University of Israel. From
1997, he is a representative of journal “Central Asia and the
Caucasus” (Sweden) in the Middle East. In 1999 – 2003, he was a
columnist of applications “Abroad” of newspaper “News of the Week”
(Tel Aviv). From 2002, he was a political commentator of TV Israel
Plus. Since 2006, he is an expert at the Middle East Institute
(Moscow). He is the author of numerous books and magazine and
newspaper articles on various topical issues of Oriental Studies,
published in Israel, and Russia, Sweden, Germany, USA, Kazakhstan and
Uzbekistan.

F.H.
News.Az

Biden praises Turkish, Azeri donors at Obama fundraiser in Washingto

Biden praises Turkish, Azeri donors at Obama fundraiser in Washington

April 28, 2012 – 18:33 AMT

PanARMENIAN.Net – On April 27, three days after Armenian Genocide
Commemoration Day, Vice President Joe Biden addressed Turkish and
Azeri donors at a campaign fundraiser in Washington, raising more than
$500,000, The Armenian Weekly reports.

The fundraiser came on the heels of President Obama’s April 24
statement, in which the President once again failed to properly
acknowledge the Armenian Genocide, resorting to euphemisms and the
Armenian term Meds Yeghern (Great Catastrophe) instead.

`We’re looking for Turkish leadership in the rest of that entire
region,’ Biden declared. `It’s a model as to how you can have an
Islamic population, an Islamic state and a democracy, something the
rest of the region is groping to figure out how to do,’ he said.

According to The Hill, tickets for the event cost $2,500 a piece and
went to the Democratic National Committee and President Obama’s
reelection campaign. More than 200 members of the Turkish and
Azerbaijani communities were in attendance.

Altri Tre Soldati Armeni Uccisi Da Cecchini Azeri

ALTRI TRE SOLDATI ARMENI UCCISI DA CECCHINI AZERI

Pubblicato il 28 aprile 2012 da paolom

(Caserta24ore news) Altri tre soldati della Repubblica Armena sono
stati uccisi all’alba da colpi di arma da fuoco sparati dalle
postazioni azere. Il gravissimo episodio è avvenuto nei pressi del
villaggio di Aygepar (nella regione nord orientale di Tavush) che si
trova quasi contiguo alla linea di confine con l’Azerbaigian. I tre,
di cui al momento non sono state riferite le generalità, si trovavo a
bordo di un veicolo militare che è stato fatto oggetto di ripetuti
colpi di arma da fuoco. Nonostante i soccorsi tempestivi i soldati non
sono sopravvissuti alle gravi ferite riportate. Il presidente
dell’Armenia, Serzh Sargsyan, ha affermato che «la parte armena non
tarderà nella risposta» ed ha aggiunto che «l’avversario meriti una
risposta». L’agguato giunge a poche ore di distanza di altri
gravissimi episodi: il 25 ripetuti colpi d’arma da fuoco sono stati
indirizzati dai soldati dell’Azerbaigian verso l’asilo nido ed una
scuola elementare del villaggio armeno di Dovegh (regione di Tavush)
costringendo gli insegnanti ad una precipitosa evacuazione dei bambini
nessuno dei quali fortunatamente ha riportato ferite.
Il giorno successivo, lungo la linea di demarcazione tra Azerbaigian e
repubblica del Nagorno Karabakh, cecchini azeri hanno colpito
un’ambulanza con le insegne della Croce Rossa, ferendo i due
occupanti.
A pochi giorni di distanza dall’Eurofestival della canzone che
l’Azerbaigian (tra montanti polemiche, giornalisti incarcerati e
manifestanti percossi) sta organizzando a Baku, il regime di Aliyev
cerca di superare l’ondata di malcontento popolare alzando la tensione
e cercando la soluzione bellica come estremo rimedio.
La comunità armena condanna questi episodi gravissimi ed invita le
istituzioni ed i media italiani a esprimere con fermezza la loro
preoccupazione per questa escalation di violenza estremamente
pericolosa non solo per il rischio di un conflitto nella regione ma
anche per gli interessi stessi dell’Europa e dell’Italia.

http://www.caserta24ore.it/28042012/altri-tre-soldati-armeni-uccisi-da-cecchini-azeri/

India’s Ambassador wraping up his mission in Armenia

India’s Ambassador wraping up his mission in Armenia

armradio.am
28.04.2012 14:17

President Serzh Sargsyan had a farewell meeting with the Ambassador
Extraordinary and Plenipotentiary of India to Armenia, Achal Kumar
Malhotra, President’s Press Office reported.

The President expressed gratitude to the Ambassador for his
contribution to the reinforcement of Armenian-Indian relations
throughout his tenure in office.