First Armenian President discusses with Russian Ambassador issue of returning POWs

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 17:57, 25 January, 2021

YEREVAN, JANUARY 25, ARMENPRESS. First President of Armenia Levon Ter-Petrosyan hosted in his house Ambassador of Russia to Armenia Sergey Kopirkin, ARMENPRESS reports Arman Musinyan, the spokesperson of Levon Ter-Petrosyan, wrote on his Facebook page.

”During the conversation that lasted nearly 1.5 hours, a number of issues of bilateral interest of the Armenian-Russian relations were discussed, including the urgent necessity of returning the POWs kept in Azerbaijan, which will greatly improve the public moods both in Armenia and Artsakh and will contribute to the future efforts for the normalisation of relations in the region”, Musinyan wrote.

Armenia Banking Market Statistics, CAGR, Outlook, and Covid-19 Impact 2026

Neighbor Web SJ
Jan 26 2021

Armenia Banking Market by Sector (Retail Banking, Corporate Banking, and Investment Banking); By Type (Closed Joint-Stock Company [CJSC] and Open Joint-Stock Company [OJSC]) and Region – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030

ALSO READ :  https://www.einpresswire.com/article/529814795/armenia-banking-market-2020-industry-insights-opportunity-evaluation-outlook-2030

Product Overview
Banking is an agent and financial entity that is allowed to accept deposits and to offer loans on the market. In particular, cash, credit, wealth management, foreign exchange, safe deposit boxes are handled. Deposits are accepted, and other financial transactions and facilities are given. The financial system is tightly regulated and operated in the country by central bank of the country.
Market highlights
Armenia Banking Market was estimated to be of USD 519 million at Armenia in 2018 and it is projected to hit USD 1.7 billion by 2030 with a CAGR of 12% in the forecast period of 2019-2030. The banking sector in Armenia is the country’s main financial industry. Banks that contribute for 90% of the system’s total resources are heavily regulated by the Central Bank.

ALSO READ :  https://industrytoday.co.uk/manufacturing/global-lead-acid-battery-market-2018-share–trend–segmentation-and-forecast-to-2022

3rd Para

ALSO READ :  http://www.marketwatch.com/story/ketone-based-solvents-market-2021-industry-trends-sales-supply-demand-covid-19-impact-analysis-forecasts-to-2026-2021-01-11

Armenia Banking Market: Segments
The market is classified into retail banking, corporate banking and investment banking by sector. In 2018, the category of corporate banking reported the highest revenues. Banks’ funding and lending to small and medium-sized enterprises in Armenia are fairly strong. It is anticipated to be the main growth driver in the country’s banking sector.
While the economic repercussions spread of COVID 19, retail banks now face several big goals, which require different repositioning steps, and also re calibration for the future. Amid social guidance, supervisory and enforcement roles never intended for remote work, they are working to keep their delivery lines open. Given close to zero interest rates and rising market pressure, they are trying to balance income and customer expectations. And they have to track strategies and brand problems that determine their future, as market forces and consumer behavior can shift as a result of the crisis.
Armenia Banking Market: Market Dynamics
Drivers
Large Scale Financing for SMEs
In Armenia, the rapid growth of SMEs leads to huge-scale finance and borrowing for SMEs, which stimulates development in the country’s banking sector. In addition, growing the acceptance and application, through the international financial network, of digital banking innovations would fuel the business growth of the Armenian banking sector. The advanced digital technologies are bringing a new era of market development not only in Armenia but all over the world.

ALSO READ :  http://www.marketwatch.com/story/3d-mapping-and-3d-modelling-market-2020-global-trend-segmentation-and-opportunities-forecast-to-2026-2021-01-11

Restraint
High costs
Despite several years of good economic success, Armenia was negatively and severely impacted by the global economic and financial crisis. The monetary sector of Armenia is underdeveloped and there is minimal interaction with foreign financial markets. The financial sector is described by about 62% of high dollarization, which is one of the region’s largest. This financial polarization, which is anticipated to impede business growth, contributes to large-scale global exchange and remortgaging threats.
Armenia Banking Market: Key Players
• Inecobank CJSC
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Ameriabank CJSC
• ARARATBANK OJSC
• ArmSwissBank CJSC
• Converse Bank CJSC
• HSBC Armenia
• ID Bank
• ACBA-CREDIT AGRICOLE BANK CJSC
• ArmBusinessBank CJSC
• Ardshinbank CJSC
• Other Prominent Players

The Armenia Banking Market report also contains analysis on:
• Armenia Banking Market Segments:
• By Sector
 Retail Banking
 Corporate Banking
 Investment Banking
• By Type
 Closed Joint-Stock Company (CJSC)
 Open Joint-Stock Company (OJSC)
• Armenia Banking Market Dynamics
• Armenia Banking Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Tehran: Tehran terms Armenia’s territorial integrity as a red line

Mehr News Agency, Iran
Jan 27 2021

TEHRAN, Jan. 27 (MNA) – Iranian Foreign Minister Mohammad Javad Zarif said that the territorial integrity of Armenia is the red line of the Islamic Republic of Iran.

He made the remarks in a meeting with his Armenian counterpart Ara Aivazian on Wed. in Yerevan. 

Zarif emphasized during a meeting with his Armenian counterpart that Iran considers Armenia as an important neighbor, adding that borders of Armenia and Iran have always been borders of friendship and cooperation.

“Iran attaches big importance to the territorial integrity of all countries, and respects and follows that all nations’ religious and other rights are always protected. Our red line is the territorial integrity of the Republic of Armenia, on which we’ve clearly expressed our voice,” Zarif said.

The Iranian foreign minister expressed condolences over the human losses in the 2020 war that broke out between the Republic of Azerbaijan and Armenia over the Nagorno-Karabakh region.

He emphasized that work must be done to solve humanitarian issues. “We are a country that has seen war and we are familiar with the pain and sorrow that the people bear during war. Iran is ready to provide any kind of humanitarian assistance to solve these issues,” Zarif said.

He added that Iran is ready to further develop relations with Armenia in the political, cultural, economic and security sectors.

 The two countries of Iran and Armenia have common concerns, including the presence of terrorists in the region, Zarif continued.

MA/FNA13991108000789

Artsakh Defense Army denies reports on capturing of 15 Armenian soldiers

Public Radio of Armenia
Jan 29 2021

The Artsakh Defense Army denies reports claiming 15 Armenian soldiers were captured.

Referring to materials circulating on the web, the Ministry said “those have no real basis, are completely imaginary, and aim to tarnish the reputation of the structure that performs its task in the difficult post-war conditions.”

“In particular, various Internet users have been spreading information about the capture of 15 Armenian soldiers, about some episodes of the 44-day war, the name of the commander of the N military unit, Colonel Gor Ishkhanyan is also being speculated in connection with changes in military positions,” the Ministry stated.

“Taking into account the sensitivity of the people to any news related to the army, we reaffirm that no serviceman of the army was taken prisoner today or during the previous days. During the war, the military unit under the command of Colonel Ishkhanyan performed the assigned tasks exclusively on the basis of the orders of the superior command. There was a need to implement the provisions of the tripartite declaration. He did not surrender a single position to the enemy during the hostilities, and the withdrawal after the war (also from the areas where there were command posts, fortifications) was due to the need to implement the provisions of the tripartite statement,” the Defense Ministry said.

The Defense Ministry asks to refrain from spreading false information, noting that it does not contribute at all to strengthening the defense capacity of the homeland.

CivilNet: Sotk: A Mining Village Divided Between Armenia and Azerbaijan

CIVILNET.AM

21:06

The village of Sotk, located in the Gegharkunik region, is in the heart of a mining area. It is famous for holding the country’s largest gold deposits. Prior to the recent Karabakh war, the region bordered Karabakh. But that area has been handed to Azerbaijan per the end of war agreement signed in November 2020. For the residents, it has been a difficult pill to swallow.

Criminal case opened on charge of attempted murder of Karabakh defense army ex-commander Jalal Harutyunyan

News.am, Armenia
Jan 30 2021

A criminal case has been filed on charge of attempted murder of Artsakh (Nagorno-Karabakh) former defense minister and ex-commander of Artsakh Defense Army Jalal Harutyunyan. Arevik Khachatryan, head of the public relations department of the Prosecutor General’s Office of Armenia, informed Armenian News-NEWS.am about this.

Khachatryan added that the criminal case includes another charge, which is pursuant to the Criminal Code article on deliberate destruction of property, which has caused great damage.

The investigation continues.

Harutyunyan was interviewed along the lines of this criminal case.

There is currently no person with litigation status.

Turkish press: MHP to build school in Azerbaijan’s liberated Shusha

Nationalist Movement Party (MHP) Chairperson Devlet Bahçeli during his party’s parliamentary group meeting in Ankara shows the plans of the school to be built in Azerbaijan’s key city Shusha, Jan. 26, 2021. (AA Photo)

Adelegation from the Nationalist Movement Party (MHP) will visit Azerbaijan Friday to determine a location to build a school in Azerbaijan’s key city of Shusha that was liberated during the clashes between Baku and Yerevan over the Nagorno-Karabakh region in November.

According to a statement by the MHP, Vice-Chairperson Mevlüt Karakaya, Ahmet Yiğit Yıldırım, chairperson of the Gray Wolves, a pan-Turkist organization which was established by MHP founder Alparslan Türkeş in late 1960, and former Isparta mayor and architect Yusuf Ziya Günaydın will first stop in the capital Baku to hold meetings for the project before heading to Shusha.

MHP Chairperson Devlet Bahçeli had announced the intent to build the school on Jan. 16 with a post on social media saying that the party would like to establish a school with nine classrooms if President Recep Tayyip Erdoğan allows.

Bahçeli had stated that the school could be named after Uzeyir Hajibeyov, the composer of the Azerbaijani national anthem who was born in Shusha.

The Azerbaijani armed forces liberated Shusha in November after 28 years of Armenian occupation. Shusha, known as the pearl of Nagorno-Karabakh, was occupied by Armenia on May 8, 1992.

The town has a significant military value since it is located on strategic heights about 10 kilometers (6 miles) south of the region’s capital over Khankendi (Stepanakert) and on the road linking the city with Armenian territory. Besides its strategic significance, the town is known as a symbol of Azerbaijani history and culture with many historic sites, the restoration of which has started. Many prominent Azerbaijani musicians and scholars were born in the city.

Azerbaijanis celebrated Shusha’s liberation with great enthusiasm.

Azerbaijan’s President Ilham Aliyev earlier this month declared Shusha the country’s cultural capital.

“I declare Shusha to be the capital of Azerbaijani culture. The city of Shusha deserves that. I think that it can be considered not only the cultural capital of Azerbaijan but also of the entire region,” Aliyev said during a videoconference with Culture Minister Anar Karimov.

Relations between the former Soviet republics of Armenia and Azerbaijan have been tense since 1991 when the Armenian military occupied Nagorno-Karabakh, internationally recognized as Azerbaijani territory, and seven adjacent regions.

New clashes erupted on Sept. 27, 2020, when Armenia launched attacks on civilians and Azerbaijani forces and violated humanitarian cease-fire agreements.

During the six-week-long conflict, Azerbaijan liberated several cities and nearly 300 settlements and villages, while at least 2,802 of its soldiers were killed. There are differing claims about the number of casualties on the Armenian side, which, sources and officials say, could be as high as 5,000.

The two countries signed a Russian-brokered agreement on Nov. 10, 2020, to end fighting and work toward a comprehensive resolution.

President Sarkissian congratulates Marcelo Rebelo de Sousa on being reelected President of Portugal

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 18:20,

YEREVAN, JANUARY 26, ARMENPRESS.  President of Armenia Armen Sarkissian sent a message to President of Portugal Marcelo Rebelo de Sousa, congratulating his on re-election.

As ARMENPRESS was informed from the press service of the President’s Office, President Sarkissian expressed conviction that by joint efforts it will be possible to expand and deepen mutually beneficial cooperation in various spheres.

Armen Sarkissian wished Marcelo Rebelo de Sousa success, and lasting peace and welfare to the people of Portugal.

RFE/RL Armenian Report – 01/25/2021

                                        Monday, 
Armenian Opposition Discussing ‘New Tactic’ For Regime Change
        • Narine Ghalechian
Armenia - Opposition parties hold an anti-government rally in Liberty Square, 
Yerevan, November 18, 2020.
Opposition parties jointly trying to oust Prime Minister Nikol Pashinian are 
discussing ways of reinvigorating their campaign, one of their leaders said on 
Monday.
Ishkhan Saghatelian, who coordinates the work of their Homeland Salvation Front 
alliance, acknowledged that they failed to attract large crowds during 
anti-government demonstrations staged in November and December.
“It is evident that the demand for Nikol Pashinian’s resignation is a popular 
demand,” Saghatelian said. “But so far we have not managed to convert that 
popular demand into a popular struggle.”
“We certainly need a new tactic and are now actively discussing making our 
activities more effective,” he added, answering questions from Facebook users at 
the RFE/RL studio in Yerevan.
Saghatelian dismissed suggestions that many disgruntled Armenians did not take 
part in the recent protests because they feel that the opposition movement is 
led by former Presidents Serzh Sarkisian and Robert Kocharian.
“The movement is not led by individuals and the former presidents in 
particular,” he said, adding that Sarkisian’s Republican Party is only one of 
the more than a dozen opposition groups making up the alliance.
Armenia -- Oposition leaders Ishkhan Saghatelian (L) and Vazgen Manukian (C) 
attend a demonstration outside the prime minister's office in Yerevan, December 
24, 2020.
Among those groups are Gagik Tsarukian’s Prosperous Armenia Party and the 
Armenian Revolutionary Federation (Dashnaktsutyun). Saghatelian heads 
Dashnaktsutyun’s governing body in Armenia.
The alliance blames Pashinian for Armenia’s defeat in the recent war with 
Azerbaijan and wants him to resign and hand over power to an interim government.
The prime minister has rejected the opposition demands, dismissing the 
anti-government rallies as an “elite revolt” not backed by most Armenians. He 
has offered instead to hold fresh parliamentary elections.
Saghatelian reiterated the Homeland Salvation Front’s rejection of the offer. He 
claimed that snap polls held by Pashinian would be “the most disgraceful in 
Armenia’s history.”
“It is clear to [Pashinian] that when a new government takes over in Armenia he 
will stand trial on treason charges. So … he would do everything to rig those 
elections,” said Saghatelian.
Armenian Tax Revenue Down In 2020
        • Robert Zargarian
Armenia -- The entrance to the State Revenue Committee headquarters in Yerevan, 
November 29, 2018.
The Armenian government’s tax revenues fell by 8 percent last year due to an 
economic recession caused by the coronavirus pandemic, the State Revenue 
Committee (SRC) said on Monday.
A senior SRC official, Karen Tamazian, said the government agency collected 
about 1.39 trillion drams ($2.7 billion) in taxes and customs duties, down from 
1.5 trillion drams collected in 2019.
The agency comprising the Armenian tax and customs services thus fell well short 
of its 2020 revenue target of 1.6 trillion drams, which had been set by the 
state budget approved by the parliament in late 2019.
The government anticipated the shortfall in tax revenues already in April as 
Armenia’s economy plunged into recession following the onset of the pandemic. 
The economic crisis was compounded by the six-week war in Nagorno-Karabakh that 
broke out in late September.
Economy Minister Vahan Kerobian said earlier this month that the economy 
contracted by an estimated 8.5 percent in 2020.
The government offset the shortfall with fresh loans obtained from the 
International Monetary Fund and other international lenders. The country’s 
public debt rose by $533 million, to about $7.9 billion, in January-September 
2020. The debt is projected to reach $9.2 billion by the end of this year.
SRC data released last week shows that 72 percent of the government’s 2020 tax 
revenues were generated by Armenia’s 1,000 leading businesses. One of them, the 
Grand Tobacco company, remained the number one taxpayer, paying 50.7 billion 
drams ($97.5 million) in various taxes.
The national gas distribution company owned by Russia’s Gazprom giant was the 
second most important contributor to the state budget, followed by the country’s 
largest mining company, the Zangezur Copper-Molybdenum Combine (ZCMC). The SRC 
collected 45.5 billion drams and 41.7 billion drams respectively from these 
companies.
Pro-Government Lawmakers Skeptical About COVID-19 Probe
        • Marine Khachatrian
Armenia - A parliamentary commission tasked with investigating the Armenian 
government's response to the coronavirus pandemic holds its first meeting in 
Yerevan, January 25 ,2021.
Pro-government lawmakers questioned on Monday the need for a parliamentary 
inquiry into the Armenian government’s response to the coronavirus pandemic 
initiated by the opposition.
The two parliamentary opposition parties, Prosperous Armenia (BHK) and Bright 
Armenia (LHK), called for such an inquiry in June as they accused the government 
of mishandling the coronavirus crisis.
Prime Minister Nikol Pashinian’s My Step bloc initially opposed the move. But it 
reluctantly agreed afterwards to the creation of an ad hoc parliamentary 
commission tasked with assessing the effectiveness of government efforts to 
contain the spread of COVID-19.
The 12-member commission was formed earlier this month. Although the commission 
is headed by the LHK’s Arkadi Khachatrian, eight of its members are affiliated 
with My Step.
Some of those members voiced skepticism about the probe during the first meeting 
of the panel held on Monday. They said it will not be possible to objectively 
assess the effectiveness of the Armenian authorities’ response to the pandemic 
as long as it has not been irreversibly contained by any country in the world.
“We are being drawn into a process the effectiveness of which has not been 
evaluated in the world,” said one of them, Artak Manukian. “There is no 
[COVID-19] containment model that can be replicated.”
Naira Zohrabian, a commission member representing the opposition BHK, dismissed 
these misgivings, saying that there are many unanswered questions regarding the 
government’s fight against the deadly disease.
“We don’t know what the money from the [government’s] COVID-19 fund has been 
spent on,” said Zohrabian. “We don’t know why ambulances did not react to [calls 
for help,] why people were dying in their homes, why the former health minister 
drew up a list of privileged medical centers and only those centers received 
coronavirus-related government funding.”
Khachatrian reiterated, for his part, that the commission should also look into 
the government’s efforts to alleviate the socioeconomic impact of the pandemic 
and restrictions on civil liberties imposed during and after last spring’s 
nationwide lockdown.
Armenia has been hit hard by the pandemic, with over 166,000 coronavirus cases 
officially confirmed in the country of about 3 million so far. The real number 
of cases is believed to be much higher.
The Armenian Ministry of Health says that more than 3,000 people have died from 
COVID-19. The figure does not include the deaths of 753 other Armenians infected 
with the virus. According to the ministry, they were primarily caused by other 
diseases.
Opposition politicians and other critics of the government say that many of 
these deaths were avoidable.
Pashinian insisted on January 19 that the government has done a good job dealing 
with the coronavirus crisis. He described the Ministry of Health as “one of our 
most efficient agencies.”
Opposition Slams Pashinian’s Reported Choice For Armenian Envoy To U.S.
        • Artak Khulian
        • Harry Tamrazian
Armenia -- Lilit Makunts, the parliamentary leader of the ruling My Step bloc, 
at a news conference in Yerevan, May 6, 2019.
Opposition leaders denounced on Monday Prime Minister Nikol Pashinian’s reported 
plans to appoint a senior but politically inexperienced lawmaker as Armenia’s 
new ambassador to the United States.
Lilit Makunts, who leads the ruling My Step bloc’s group in the Armenian 
parliament, did not deny media reports about her impending appointment when she 
spoke to RFE/RL’s Armenian Service on Sunday.
“There is such an issue on the agenda but it is still under discussion,” she 
said.
Makunts, 37, taught English at Russian-Armenian University in Yerevan and did 
not engage in political activities before being appointed as Armenia’s culture 
minister in the wake of the “Velvet Revolution” of April-May 2018 that brought 
Pashinian to power. She held that post until being elected to the parliament on 
My Step’s ticket in December 2018.
The current Armenian ambassador in Washington, Varuzhan Nersesyan, is a career 
diplomat who was handpicked for the post by Pashinian. Nersesyan handed his 
credentials to then President Donald Trump in January 2019.
It is not clear why Pashinian may have decided to replace Nersesyan. The prime 
minister’s office did not comment on Monday on the reports about Makunts’s 
appointment.
Pashinian’s apparent choice of the new ambassador was strongly criticized by 
senior lawmakers from the two opposition parties represented in the parliament.
“I think he is simply trying to get his people out of the country. I mean his 
key loyalists who would definitely be prosecuted [after regime change in 
Armenia,]” claimed Naira Zohrabian of the Prosperous Armenia Party (BHK).
Zohrabian dismissed Makunts as “a woman who only speaks good English.” “Let’s 
hold a contest for the best English speaker and appoint the winner as ambassador 
to the U.S.,” she suggested tartly.
“She is not a diplomat. I don’t know what she will be doing there [in 
Washington,]” said Gevorg Gorgisian of the Bright Armenia Party.
“This is a continuation of the bad old traditions,” Gorgisian complained, 
referring to politically motivated ambassadorial appointments made by Armenia’s 
former leaders.
Pashinian’s reported decision appears to have also prompted criticism from one 
of the two main Armenian-American lobby groups.
“With the stakes so high and the need for serious, seasoned professionals so 
very clear, we cannot afford on-the-job-training, political sinecures, or 
anything other than our very best in high level diplomatic postings,” Aram 
Hamparian, the executive director of the Armenian National Committee of America, 
wrote on Facebook.
In her interview with RFE/RL’s Armenian Service, Makunts downplayed her lack of 
diplomatic experience and argued that “political appointments” of ambassadors is 
common practice around the world.
“Experience is certainly very important, but in some cases it does not play a 
central role,” she said.
Reprinted on ANN/Armenian News with permission from RFE/RL
Copyright (c) 2021 Radio Free Europe / Radio Liberty, Inc.
1201 Connecticut Ave., N.W. Washington DC 20036.
 

Over 50,600 refugees return to Nagorno-Karabakh – Russian defense ministry

TASS, Russia
Jan 24 2021

According to the Russian Defense Ministry, 137 refugees were delivered by buses from Yerevan to Stepanakert

MOSCOW, January 24. /TASS/. More than 50,600 refugees have come back to Nagorno-Karabakh since the ceasefire entered into force in the region, the Russian Defense Ministry told reporters on Sunday.

“Today 137 refugees were delivered by buses from Yerevan to Stepanakert. In total, 50,658 people have returned to their places of residence in Nagorno-Karabakh,” the ministry said.

Russia’s peacekeepers are in Nagorno-Karabakh in accordance with the agreements confirmed by the November 9 joint statement on a full ceasefire in the region made by Russian President Vladimir Putin, Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan.

According to the Russian Defense Ministry, the Russian peacekeeping contingent in Nagorno-Karabakh is comprised of units from the 15th separate motor rifle (peacekeeping) brigade of the Central Military District.

The Russian peacekeepers have set up observation posts along the engagement line in Nagorno-Karabakh and along the Lachinsky corridor that connects Armenia with the enclave to exercise control of the ceasefire observance. The peacekeeping mission’s command is stationed in the area of Stepanakert, the de facto capital of Nagorno-Karabakh. The situation is being monitored round-the-clock.