Armenia’s Ardshininvestbank, Worldbusiness Capital Inc Sign $10 Mill

ARMENIA’S ARDSHININVESTBANK, WORLDBUSINESS CAPITAL INC SIGN $10 MILLION LOAN AGREEMENT

ARKA
March 30, 2009

YEREVAN, March 30. /ARKA/. Armenia’s Ardshininvestbank and the
U.S. WorldBusiness Capital Inc signed a $10mln loan agreement in
Washington, DC on March 26.

Guaranteed by the U.S. Government agency Overseas Private
Investment Corp (OPIC), the 10-year loan will help Armenia boost
small-and-medium-sized businesses. In its turn, Ardshininvestbank
will earmark $2.5mln for the program.

The bank’s Deputy CEO Sergey Virabyan and Executive Vice President
and Chief Lending Officer of WorldBusiness Capital Inc Robert Monyak
signed the agreement. Armenia’s Ambassador to the USA Tatul Markaryan,
as well as high-ranking officials from OPIC, WorldBusiness Capital
Inc and IMF were present at the agreement signing ceremony.

"Implementing this program, Ardshininvestbank will boost
small-and-medium-sized businesses in Armenia and help those
enterprises out of the global financial crisis," said Acting CEO of
Ardshininvestbank Gurgen Harutyunyan.

The bank aims at gradually developing relations with international
partners to be able to attract foreign investments and stabilize
the country’s economic situation. Ardshininvestbank currently has
49 branches in Armenia, with another 6 branches being located in
Karabakh. The bank has its representation in Paris.

Some 168,000 individuals and legal entities are the bank’s clients.

As of 2 008, Ardshininvestbank gained the largest net profit
in the country’s banking sector and ranked second for loan
investments. Ardshininvestbank was the third largest Armenian bank
with its liabilities and assets.

Last year, Moody’s international ratings agency granted a Ba1
long-term rating to the bank for its national-currency deposits,
as well as a Ba3 long-term rating and a short-term Not Prime rating
for foreign-currency deposits.

The bank was graded a D rating (D minus) for financial stability.

In 2008, Ardshininvestbank was awarded an ISO 9001:2000 quality
management systems certificate.

Instances Of Money Counterfeiting Increased In Armenia

INSTANCES OF MONEY COUNTERFEITING INCREASED IN ARMENIA

PanARMENIAN.Net
27.03.2009 16:40 GMT+04:00

/PanARMENIAN.Net/ Counterfeiting, storage and realization of fake
money are deemed the most serious among economic crimes, since they
undermine foundations of economy, Head of Senior RA Police Department
for Organized Crime Prevention (SDOCP) Hunan Poghosyan told a news
conference on corruption and economic crimes prevention.

"Fake money is not often found in circulation. We’ve confiscated the
total of AMD 999 300, and AMD 315 000 worth of metallic coins. Still
we’re seriously concerned about crime rate increase: 80 cases of
money counterfeiting in 2008 against 57 cases in 2007. AMD1000 and
5000 notes are being mostly counterfeited," says Poghosyan. The
authorities are concerned about the counterfeit of metallic money,
as serious machinery is required to strike metallic coins, whereas,
to counterfeit paper money, only Xerox machines are necessary. He
found it difficult to name the country of fake money origin.

According to SDOCP Head, to repair current situation the Department
undertook steps to increase investigations’ effectiveness. Money
Counterfeiting Prevention program took effect in Dec. 30, 2008 to
strengthen prevention methods, intensification of police collaboration
and other interested structures. Hunan Poghosyan ventured a supposition
that steps undertaken will allow money counterfeiting prevention
struggle and register a positive shift in the discovery of economic
crimes.

Central Bank Of Armenia Issued Gemini Memorial Gold Coin

CENTRAL BANK OF ARMENIA ISSUED GEMINI MEMORIAL GOLD COIN

PanARMENIAN.Net
25.03.2009 17:18 GMT+04:00

The Central Bank of Armenia issued 10 000 Gemini memorial gold coins
within the framework of Zodiac Signs international numismatic program,
RA CBA official website reports.

The coin obverse carries the state emblem of Armenia, with its
face value specified in the semicircle below, and the date of issue
indicated above.

The reverse shows the colored sign of Gemini on the background of a
starlit sky.

The coins were manufactured by the Mint of Poland and designed by
Ursula Valejzac.

Coin specifications: face value- AMD 10 000, gold fineness- 900,
Diameter, mm- 22, Weight, grams – 8.6.

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ANTELIAS: ACUSA celebrates the 140th Anniversary of Komitas Vartabed

PRESS RELEASE
Catholicosate of Cilicia
Communication and Information Department
Contact: V.Rev.Fr.Krikor Chiftjian, Communications Officer
Tel: (04) 410001, 410003
Fax: (04) 419724
E- mail: [email protected]
Web:

PO Box 70 317
Antelias-Lebanon

Armenian version: nian.htm

THE ARMENIAN CHURCH UNIVERSITY STUDENTS’ ASSOCIATION (ACUSA) CELEBRATES THE
140TH ANNIVERSARY OF KOMITAS VARTABED

On Saturday 21 March 2009, in the Gulbenkian hall of the Cilicia Museum,
ACUSA honoured the memory of the great composer, ethnographer, musicologist
and monk, Komitas Vartabed. In her opening speech, the President of ACUSA
introduced the artist, who inspired many musicians and began a renaissance
in Armenian musicology. She noted that Komitas Vartabed contributed greatly
to the creation and codification of ancient Armenian spiritual music and
peasants’ melodies. Among his many compositions, the chorals and the Batarak
(liturgy) remain outstanding. Following this introduction, the students of
the Ganatchayan Music School presented the works of the musician in concert.
Archbishop Komitas Ohanian concluded the evening by paying homage to the
great Vartabed of the Armenian Church, who purified Armenian music by
eliminating foreign influences.

___________________
* Komitas Vartabed was a survivor and eyewitness to the atrocities
committed against the Armenians by the Turks in April 1915. On April 24, in
Constantinople, he was arrested with other intellectuals. His personal
experiences as a prisoner and his eyewitness account of violence and
killings against defenceless Armenians affected greatly his later
compositions.

##
View the photos here:
tos/Photos365.htm
*****
The Armenian Catholicosate of Cilicia is one of the two Catholicosates of
the Armenian Orthodox Church. For detailed information about the Youth
activities of the Cilician Catholicosate, you may refer to the web page of
the Catholicosate, The Cilician
Catholicosate, the administrative center of the church is located in
Antelias, Lebanon.

http://www.ArmenianOrthodoxChurch.org/
http://www.ArmenianOrthodoxChurch.org/v04/doc/Arme
http://www.ArmenianOrthodoxChurch.org/v04/doc/Pho
http://www.ArmenianOrthodoxChurch.org

Itera Sells Stock To Gazprom

ITERA SELLS STOCK TO GAZPROM

PanARMENIAN.Net
23.03.2009 18:56 GMT+04:00

/PanARMENIAN.Net/ ArmRosGazprom CJSC, Itera International Energy
Ltd. shareholder, sold 2800000 nominal shares, constituting 4,45% of
its authorized capital, to Gazprom Public Corporation, ArmRosGazprom
Press Service reported.

The deal was registered on Mar. 12 at Central Depository of Armenia
Public Corporation.

ArmRosGazprom CJSC has monopoly rights for supply and distribution of
Russian natural gas on the Armenian market. The company was founded
in 1997

BEIRUT: Lebanon’s election race intensifies as parties court allies

The Daily STar, Lebanon
March 23 2009

Lebanon’s election race intensifies as parties court allies

By Nafez Qawas
Daily Star correspondent
Monday, March 23, 2009

BEIRUT: The race for seats in Lebanon’s June 7 parliamentary elections
gained momentum over the weekend, as rival coalitions held electoral
rallies and met for talks aimed at forming alliances ahead of the
vote. Democratic Gathering leader MP Walid Jumblatt commented on
Sunday on the abundance of candidates in the Chouf region, saying:
"Let them take my [parliamentary] seat if they want to."

Jumblatt was referring a race among Parliament hopefuls to grab the
seat of MP Nabil al-Boustani, who has reportedly been ill. Jumblatt
reminded the contenders that MP Boustani "is still around and very
alive."

During a tour of the Iqlim al-Kharoub region on Saturday, the head of
the Progressive Socialist Party (PSP) said that the March 14 Forces
would run in the elections as a single hand.

Jumblatt also stressed that all weapons would be in the hands of the
Lebanese state one day. He paid tribute to President Michel Sleiman
for "effectively" leading the national dialogue sessions, which have
addressed the issue of weapons.

He also called for ending all internal disputes, particularly the feud
over funding for the Council of the South. Jumblatt also denied press
reports that he had been harassed during the recent funeral of
attorney Sanan Baraj in the Beirut district of Bashoura.

Separately, PSP media officer Rami Rayyes responded on Sunday to
remarks by Syrian Foreign Minister Walid al-Moallem, who had urged
Jumblatt to decide what he wants from Damascus. "What the [PSP] party
wants from Syria is an end to meddling in Lebanese affairs," Rayyes
said in a television interview.

He stressed that the PSP had "never" stood in the way of establishing
normal ties between Syria and Lebanon.

Moallem, in an interview with al-Jazeera satellite television on
Saturday, mentioned to his country’s relationship with the PSP chief,
saying: "Jumblatt has to decide what he wants, if he wishes to visit
Syria we shall take that into consideration."

"We basically did not submit such a request," Rayyes stressed.

In other elections-related news, Future Movement leader MP Saad
Hariri, who is currently in Paris on a private visit, met twice on
Thursday and Friday with former Deputy Prime Minister Issam Fares to
discuss details related to the upcoming vote, An-Nahar daily reported
on Sunday. Hariri is on Monday expected to visit London, where he will
hold talks with British Foreign Minister David Milliband.

The newspaper also reported that the Armenian Tashnak Party has
reached a decision about its electoral alliances and will inform the
Future Movement leader about it "within days."

On Saturday, An-Nahar said that a meeting between the Phalange Party’s
central committee coordinator, Sami Gemayel, and Tashnak’s secretary
general, Hovig Mekhitarian, in Burj Hammoud did not change the status
quo but the door was still open for a possible understanding between
the two sides.

Gemayel described his meeting on Friday with Mekhitarian as being part
of previous talks.

"What brings us together with the Armenians is more than what
separates us," the son of Phalange leader and former President Amin
Gemayel said.

Tashnak sources told An-Nahar that the party would inform Hariri about
its decision on Monday or Tuesday, adding that talks were ongoing with
MP Michel Murr.

Murr said Friday that he was "keen on maintaining a firm relationship"
with the Tashnak that dates back 50 years.

During a rally on Sunday, Amin Gemayel said the Phlange Party and the
Lebanese Forces would run as allies in the spring elections. He urged
Lebanese groups not to sell "shares from their country to Syria,
Iran."

Meanwhile, LF boss Samir Geagea hosted on Saturday evening candidates
Nayla Tueni and Nadim Gemayel at an LF annual dinner. Tueni and
Gemayel are running for the Orthodox and Maronite seats in Beirut’s
first district.

"Nayla and Nadim both enjoy and encompass the qualities of truth,
transparency and honesty," Geagea said.

"They don’t have the expertise of those who base their knowledge on
criticism and deceit from the ‘war for liberation’ to the ‘current
liberation," he said, in a jab at his rival, MP Michel Aoun.

The LF leader called on Beirut and Achrafieh residents to reject "all
matters which are not related to our history, legacy and struggle."

Meanwhile, the head of Hizbullah’s Loyalty to the Resistance
parliamentary bloc MP Mohammad Raad said the "type of democracy that
was established by the Taif Accord can be practiced when the minority
and the majority agree on one national choice and a unified set of
basic national principles."

During a political lecture in the southern village of Nabatieh
al-Fawqa on Sunday, Raad said, "if we do not make unified national
choices, and instead let the majority make decisions alone, then we
are heading back to the period of Civil War, to which the Taif Accord
put an end."

"In executive issues, which touch on the living conditions of the
citizens, we will refer to the majority and minority," he said.

"However," he added, "if the elected majority says that we have to
reconcile with Israel and forsake resistance, then this issue does not
need a majority and minority: This is toppling national choices and
principles."

"The majority and minority concept can be applied in all the countries
except in Lebanon, because in this country it can only be practiced
when we have principles and fundamentals, which are agreed upon among
the Lebanese and that everyone abides by," he stressed.

In other news, a visiting French minister said Saturday his government
would back "any party" that emerges winner in the upcoming elections.

State Minister for Cooperation and Francophonie Alain Joyandet arrived
in Lebanon on Friday on a two-day visit to attend the World
Francophone Day. "France believes in opening dialogue with everyone in
the Middle East as part of its diplomatic policy," he said in a news
conference following separate talks with President Sleiman and Foreign
Minister Fawzi Salloukh.

"This is why France will support any party to win the legislative
elections and to be chosen by the Lebanese," he added, voicing hope
the June 7 polls would take place in an "atmosphere of calm and
democracy."

He said his trip served as "a continuation of President Sleiman’s
visit to France this week and as a reaffirmation of deep and strong
ties between Lebanon and France."

France’s "diplomatic pressure will remain within the appropriate
framework for the implementation of UN Resolution 1701," Joyandet
said, without elaborating. UN Resolution 1701 put an end to the summer
2006 war with Israel. During his three-day trip to Paris on last week,
Sleiman asked his French counterpart Nicolas Sarkozy to help pressure
Israel into abiding by the resolution.

"The pace of implementation must be proportionate to existing
pressures and regional dangers," Joyandet added.

Separately, Lebanon’s ambassador to Syria, Michel al-Khoury, will
assume his duties by the end of this month, Al-Liwaa newspaper
reported Saturday. The daily said that career diplomat Khoury, who is
Beirut’s current envoy to Cyprus, will assume his duties before the
end of March, despite earlier media reports that said the ambassador
would travel to Syria in mid-April.

Lebanon opened its first embassy in Syria on Monday, five months after
the establishment of diplomatic ties following decades of turbulent
relations.

Lebanese Charge d’Affaires Rami Mortada raised the Lebanese flag over
the building located in the Damascus residential neighborhood of Abu
Rummaneh, which is also home to the US Embassy. Syria has yet to name
an envoy to Beirut, where it opened an embassy in December that is not
yet fully operational although it has been staffed with three
diplomats.

Russian Uniinvest Invests $15 Million In Construction Of A Building

RUSSIAN UNIINVEST INVESTS $15 MILLION IN CONSTRUCTION OF A BUILDING FOR ISAHAKYAN LIBRARY IN YEREVAN

ARKA
March 20, 2009

YEREVAN, March 20. /ARKA/. Russian Uniinvest invested $15 million
in construction of a building for the Isahakyan Library in Yerevan,
Gagik Zakaryan, shareholder, president of Russian Uniastrum Bank and
chairman of Armenian Unibank’s board, said on Thursday.

He told journalists that the company bought former building of the
library for constructing a trade-office center Amiryan Plaza, where
the library will be moved after completion of the construction.

Before that, the library was placed temporarily in newly repaired
1255-square-meter premises. The library started working here in
March 2009.

Zakaryan said that when the library moves to Amiryan Plaza, this
building will be used for commercial purposes. He said that Uniinvest’s
programs with the library can be enlarged.

In particular, there is an idea to create "a Russian corner" in
the library in cooperation with Russian Embassy in Armenia. Hasmik
Karapetyan, director of the library, said the library serves 700 to
1000 readers a day and 30,000 to 35,000 a year.

She said that the new premises are larger than needed by 455 square
meters.This gives room for providing customers with comfort.

The library has 18 sections, including wide book depository, two
reading halls, one conference hall for exhibitions and presentations
and a small garden. The Central Library was established in 1935.

In 1955, the library was named for Armenian poet Avetik Isahakyan.It
is the second biggest library in the country. This municipal library
has seven branches and children’s and art branches.

The library keeps 700,000 books. Uniinvest is constructing Amiryan
Plaza and is also implementing other investment projects in Armenia.

In particular, in late 20087, Iniinvest signed an agreement with
RESO Garantia, one of three Russian leading insurance companies, on
establishing UNIRESO insurance company. The corporation also invests
money in foundation of GEGAMET engaged in exploring fields of chrome
and ferrochrome and other metals in Armenia.

Armenian Parliament Ratifies OFID Agreement Worth $14mln

ARMENIAN PARLIAMENT RATIFIES OFID AGREEMENT WORTH $14MLN

ARKA
March 19, 2009

YEREVAN, March 19. /ARKA/. Armenia’s National Assembly ratified
Thursday a mutually beneficial agreement with the OPEC Fund for
International Development (OFID).

Under the agreement, OFID is to allocate $14mln for Marketing
Opportunities for Farmers program.

The loan funds will help boost Armenia’s agricultural enterprises,
said RA Deputy Minister of Agriculture Samvel Avetisyan.

The loan’s annual interest rate is 3.2%. As a co-financing, Armenia
will earmark $3mln for agricultural development, the deputy minister
added.

The loan funds will help Armenia boost social infrastructures in
villages ($13.5mln) and cover organizational expenditures of the
program ($500,000).

Armenia and OFID signed the mutually beneficial agreement in Vienna
on December 23, 1008.

Minister Of Diaspora Meets With Charge D’Affaires Of Kazakhstan To R

MINISTER OF DIASPORA MEETS WITH CHARGE D’AFFAIRES OF KAZAKHSTAN TO RA

Noyan Tapan

M arch 17, 2009

YEREVAN, MARCH 17, NOYAN TAPAN. A round table on the subject
Interethnic and Interreligious Solidarity Kazakh Model will be held on
March 18 in Armenia jointly with the Ministry of Kazakhstan in RA and
RA National Academy of Sciences Institute of Philosophy, Sociology, and
Law. According to the RA Ministry of Diaspora Press Office, Nurbolat
Alimbayev, Charge d’Affaires of Kazakhstan to RA, said this at the
meeting with RA Minister of Diaspora Hranush Hakobian. Issues related
to Armenian-Kazakh friendly relations, in particular, those regarding
development of partnership with the Armenian community of Kazakhstan
were discussed at the meeting, in which Embassy Adviser Kartay Khairov
also participated. The positive tendencies of activity of houses
of culture organized by the Armenian community in Kazakhstan and of
their future developments were also discussed. Both sides mentioned
the role of the Armenians living in Kazakhstan in the respect of
their active involvement in country’s public-political, economic,
cultural life, and especially the invaluable role of Kazakhstan’s
Armenian state-political figure Levon Mirzoyan was mentioned, whose
work continues up to this day.

http://www.nt.am/news.php?shownews=1013046

Tax Payers For Agricultural Lands To Receive Some Tax Concessions

TAX PAYERS FOR AGRICULTURAL LANDS TO RECEIVE SOME TAX CONCESSIONS

Noyan Tapan

M arch 16, 2009

YEREVAN, MARCH 16, NOYAN TAPAN. 69 issues, including 10 international
agreements presented by Armenian president for ratification, are on
the agenda of the National Assembly’s plenary session that started
on March 16.

After approving the agenda, the parliament passed in first reading
two bills and a legislative package discussed at the previous 4-day
session. The bill and the package envisage amendments and additions
to a number of laws.

The bill on land tax concessions submitted by deputies of "RPA"
faction was passed in second reading and completely. It will apply
to natural persons with the liability to pay land tax on agricultural
lands in the administrative territory of a community as of December 31,
2008. In particular, those who will pay the calculated sum of the tax
(without the calculated fine) for the indicated period by October 1,
2009 will be exempt from these fines.

The vote on the package of amendments and additions to the Law on
the Freedom of Conscience and Religious Organizations and to the
RA Criminal Code (the package was discussed in first reading) was
postponed again. As NT correspondent was informed by the co-author
and main speaker of the legislative inititaive, chairman of the NA
Standing Committee on Science, Education, Culture, Youth and Sport
Issues, member of "RPA" faction Armen Ashotian, the package will be
put to the vote after an expert conclusion of the CE Venice Commission
is received.

http://www.nt.am/news.php?shownews=1013000