VTB Bank Armenia Extends Time Deposit Investment Term Till December

VTB BANK ARMENIA EXTENDS TIME DEPOSIT INVESTMENT TERM TILL DECEMBER 1, 2009

PanARMENIAN.Net
19.10.2009 13:54 GMT+04:00

/PanARMENIAN.Net/ Considering the high demand for VTB -Express time
deposit investments, allowing for time deposits of 15 to 90 days at
12% annual interest rate, VTB Bank Armenia resolved to extend time
deposit investment term till December 1, 2009.

"The Bank has promptly reacted to market signals and demonstrated
its readiness to support investors, without lowering interest rate
and help them minimize possible inflation-caused losses," VTB Bank
Armenia press service reported.

Azerbaijan Says Armenia Not Ready To End Its "Isolation"

AZERBAIJAN SAYS ARMENIA NOT READY TO END ITS "ISOLATION"

RIA Novosti
22:2416/10/2009

BAKU, October 16 (RIA Novosti) – Azerbaijan’s president said on Friday
that neighboring Armenia must solve the territorial conflict between
the countries before it can re-open ties with Turkey and take part
in regional projects.

Turkey and Armenia signed accords last Saturday to end a century
of hostilities and re-establish diplomatic relations. However,
the deal has yet to be approved by the countries’ parliaments, and
Turkish Prime Minister Recep Tayyip Erdogan has said it can only be
finalized after Armenia solves its dispute with Azerbaijan over the
Nagorny Karabakh region.

Azerbaijan’s Ilham Aliyev told a government meeting that the
establishment of relations between Turkey and Armenia while the
Karabakh conflict continues would be against Azerbaijan’s interests.

Azerbaijan fought a war with Armenia over Nagorny Karabakh, a region in
Azerbaijan with a largely Armenian population, in 1993. The mountainous
province is now controlled by Armenian-backed forces, and 15 years
of international mediation have failed to end the territorial dispute.

Aliyev said: "The recent events in the region may have inspired
Armenia," but "Azerbaijan will continue to defend its national
interests to the end."

"Azerbaijan’s growing global role will not allow Armenia to break
out of its isolation… Without the involvement of Azerbaijan, not
one project in this region can be realized," he said.

Turkey closed its border with Armenia in 1993 in a show of support for
Azerbaijan, a predominantly Muslim, Turkic-speaking ally of Ankara,
following the Nagorny Karabakh war.

The signing of the Turkish-Armenian accords in Zurich followed
mediation by U.S. Secretary of State Hillary Clinton.

Ankara has also demanded that Yerevan drop its campaign to have the
mass killings of Armenians by Ottoman Turks in 1915 internationally
recognized as genocide.

Armenia and Turkey agreed to a "roadmap" to normalize their relations
under Swiss mediation this April.

Turkey Accord Rings Alarm Bells

TURKEY ACCORD RINGS ALARM BELLS

Institute for War and Peace Reporting
Oct 15 2009
UK

Armenians do not share world’s joy over protocols, fear Ankara has a
hidden agenda.

By Naira Melkumian and Gayane Mkrtchian in Yerevan, and Karine Ohanian
in Stepanakert

Armenia’s diplomatic and border agreement with Turkey, signed in
Zurich on October 10, comes against a background of strong misgivings
at home and even stronger concerns among the powerful Armenian
diaspora.

The two protocols that were signed set a timetable for restoring
diplomatic ties and reopening their joint border and are subject to
approval in the two parliaments.

The deal was mediated by Switzerland and signed in the presence of
senior officials from several countries including United States
Secretary of State Hillary Clinton.

"We believe strongly that this is in the best interests of both
Armenia and Turkey. We recognise how hard it is, and what courage it
takes to move forward in the face of very strong opposition in both
countries," Clinton told journalists later.

That was an understatement. Many Armenians say the government betrayed
the memories of up to 1.5 million Armenians killed in Turkey in 1915
by making peace with the successor of the Ottoman Empire.

Armenian president Serzh Sargsyan spent the first week of October
travelling around the main centres of Armenia’s ten million-strong
diaspora, seeking to persuade them of the importance of the deal.

"I am convinced that your support and your desires are directed at
making our visits interesting and successful, and will give me the
possibility of expressing my sincere opinion to our brothers and
sisters abroad, of finding out their opinion, and of course, take into
account both their opinion and the fact that the majority of Armenians
live outside Armenia," Sargsyan told the country on the eve of his
trip.

But his appeal was not successful. In Paris, the police clashed with
Armenian demonstrators when they tried to clear a space so that
Sargsyan could lay flowers at the memorial to the 1915 victims. There
were also large protests in New York, Los Angeles and Lebanon, where
protesters chanted "no to the protocols" and "president, don’t betray
us".

The opinion of Hakob Petrosian, an Armenian living in Cyprus, was
typical. He said Sargsyan might consider himself president of all
Armenians, but those in the diaspora felt betrayed.

"Sooner or later, Turkey would open its border so as to become a
member of the European Union. He should have waited," Petrosian said.

The opinion is common inside Armenia as well, and analysts said
Sargsyan’s decision to force through peace with Armenia’s large,
wealthy neighbour could backfire on the president.

"Many Armenians think these protocols are badly thought through, and
contain a number of diplomatic and political time bombs. In such a
situation, the opposition parties with support from a significant part
of the population could become a major force. This could provoke a new
political crisis in Armenia," said Shushan Khatlamajian, a respected
Armenian analyst.

The Armenian government said the protocols did not imply that it was
abandoning its demand that Turkey recognise the deaths of Armenians in
Ottoman Turkey during World War One as genocide. Turkey denies that
genocide is a correct description.

"With these protocols, Armenia is not accepting any obligations, is
not making any unilateral promises. Armenia is signing these protocols
with the aim of creating conditions for the establishment of normal
conditions between the two countries," said Sargsyan in a television
address on the eve of the ceremony.

But Armenians, as always when the genocide question is discussed, were
distrustful.

"The genocide, which killed millions of Armenians, the mass
resettlement of Armenians across the whole world as a result, and the
mistrust between the two peoples created an emotional, rather than a
rational assessment of these events," said Gagik Baghdasarian, a
Yerevan schoolteacher.

Armenia’s business elite, however, had no hesitation in welcoming the
move, which will give Armenian producers and importers a whole new
market to trade with. Turkish goods have entered Armenia for years,
but only via Georgia, meaning they have been more expensive than they
need be.

The Armenian parliament’s economics committee said that, by even a
pessimistic estimate, the national economy would expand by three per
cent because of the move, while exports would increase by almost a
third.

"If the border is opened, the economy of Armenia will get new
possibilities, we will receive access to new markets, the
possibilities of communication will improve and we will be able to
integrate further into the world economy," said Finance Minister
Tigran Davtian.

But the doubters are not convinced by the argument, saying that
economic ties could undermine Armenian independence, since the
country’s businessmen are in no position to compete with their
counterparts in much larger Turkey.

The opposition Dashnaktsutiun party, which has battled for recognition
of the 1915 deaths as genocide for nearly a century, said Armenia
lacked methods to protect its own producers, who could be swallowed up
by competition from over the border.

Dashnaktsutiun is particularly strong in the diaspora, which is an
important source of financial help for Armenia and also lobbies for
its interests abroad, and some opposition politicians fear the
protocols could undermine global Armenian unity.

"The Dashnaktsutiun party decisively intends to block the ratification
process of the Armenian-Turkish protocols. To achieve this, it is
prepared to use all possible political and constitutional methods,"
said Hay Dat, head of the party’s political office.

Kiro Manoian, head of the party’s office for political issues, pointed
to a statement made by Turkish prime minister Recep Tayyip Erdogan
that Turkey would not open the border until there was a resolution to
the conflict over Nagorny Karabakh. Karabakh, which is ruled by
Armenians but internationally considered part of Turkey’s ally
Azerbaijan, has long been a block to relations between Ankara and
Yerevan.

"Turkey does not intend to open the border with Armenia, and is using
all its force to avoid recognition of the genocide," Manoian said.

A number of Armenian analysts agree with him, and point to press
reports that a three-hour delay in the Zurich signing ceremony was
caused by Armenia’s insistence that the Turkish foreign minister
remove a veiled reference to Karabakh in a speech he was due to make.

"The delay in the signing of the protocols revealed Turkey’s strategy,
to play with Armenia and to create new conditions before every issue
can be resolved. This causes me concern, although the Armenian side is
holding to its positions," said Ruben Safrastian, director of the
Oriental Institute at the Armenian National Academy of Sciences.

Movses Hakobian, defence minister in the government that rules Nagorny
Karabakh, said he was not concerned.

"I have an Armenian education and reading these protocols I have no
fears for the Nagorny Karabakh republic. As defence minister, I do not
want to comment on the actions of the president of Armenia. I can just
say that the Nagorny Karabakh problem cannot be resolved without
Karabakh’s participation," he told A1+ television.

However, ordinary residents of the unrecognised state were not so confident.

"Today it is clear that the Turkish authorities are linking the
protocols’ ratification in parliament with the Karabakh question, and
are aiming to gain territorial and political concessions from the
Armenians… There is no doubt that the Turks are trying to focus their
interest on territorial concessions in Karabakh. This is a real threat
for us," said Masis Mayilian, chairman of Nagorny Karabakh’s public
council for foreign politics and security.

Naira Melkumian is freelance journalist in Yerevan. Karine Ohanian and
Gayane Mkrtchian are members of IWPR’s Cross Caucasus Journalism
Network.

Israel To Protest To Turkey Over TV Show Portraying Its Troops Murde

ISRAEL TO PROTEST TO TURKEY OVER TV SHOW PORTRAYING ITS TROOPS MURDERING CHILDREN

Gaea Times (blog)
Bureau News
October 14th, 2009

Israel: Turkish TV paints troops as child-killers

JERUSALEM — Israel’s foreign minister has ordered ministry officials
to summon Turkey’s ambassador in Israel and protest to him over a
Turkish TV series that reportedly portrays Israeli soldiers murdering
children, the Foreign Ministry said Wednesday.

It was the latest twist in worsening relations between the two
Mediterranean countries which have traditionally had close defense
ties.

A statement quoted Foreign Minister Avigdor Lieberman as saying that
the program, screened by Turkish state TV, constituted incitement
against Israel "at the most grave level."

Israel TV screened a clip Wednesday evening it said was from the
series, showing an actor dressed as an Israeli soldier taking aim at
a smiling young girl and shooting her in the chest from point-blank
range.

Israeli army radio said the show, about the tribulations of a
Palestinian family, was aired Tuesday on Turkey’s TRT One channel and
also depicted troops killing a Palestinian newborn delivered after
its mother went into labor at an Israeli roadblock.

"A series like this, which has not the slightest connection with
reality, which presents Israeli soldiers as the murderers of innocent
children, would not be appropriate for broadcast even in an enemy
country and certainly not in a state which maintains diplomatic
relations with Israel," Lieberman said in the statement.

Muslim Turkey’s ties with Israel have deteriorated since Israel’s
January offensive against Islamic militants in the Gaza Strip, which
killed hundreds of Palestinian civilians.

Last week Ankara canceled an international military exercise in which
Israeli pilots were to have taken part.

Earlier Wednesday Israeli Defense Minister Ehud Barak sought to
downplay the rift and said the cancellation did not signal a long-term
deterioration in Israeli-Turkish relations.

He called the Turkish t of "the ups and downs" of a relationship and
stressed that the two countries’ ties are "long-standing, important
and strategic in nature."

FIFA Prohibits Use Of Azerbaijani Flags At Turkey-Armenia Match

FIFA PROHIBITS USE OF AZERBAIJANI FLAGS AT TURKEY-ARMENIA MATCH

ArmInfo
2009-10-14 19:00:00

ArmInfo. FIFA has prohibited the use of Azerbaijani flags during the
Turkey-Armenia World Cup qualification match to take place in Bursa
Oct 14.

The use of Azerbaijani flags was first banned by the municipality
of Bursa.

But later they lifted the ban. President of the Football Federation
of Turkey Mahmut Ozgener has confirmed this information. Hurriyet
quotes him as saying that FIFA’s decision is aimed at preventing
the interference of politics into football. There have been such
precedents before, he said.

ARF Rally Forbidden

ARF RALLY FORBIDDEN

hos15526.html
14:07:10 – 13/10/2009

The representative of the ARF Supreme Body A. Rustamyan applied to
the Yerevan City Hall for a mass public event in the Charles Aznavour
square on October 16.

The Yerevan City Hall forbade the event reasoning it that on the same
day at the same hour another event is to be held.

http://www.lragir.am/engsrc/country-lra

Istanbul Armenians Generally Support The Protocols

ISTANBUL ARMENIANS GENERALLY SUPPORT THE PROTOCOLS
Kristine Aghalaryan

2 009/10/13 | 03:58

Region

They note, however, that the community has all been forgotten in
the process.

"While the whole world is talking about the Armenians of the diaspopra,
both Armenia and Turkey have forgotten about the Armenian community
in Istanbul. The signing is the cause of great jubilation since now
the road to Armenia will be opened."

This is what Virjihan Ziflioghli, a young Armenian journalist with
the Turkish newspaper "Hurriyet", had to say about the signing of
the Turkish-Armenian protocols in a converstaion with "Hetq".

She added that Armenians in other diaspora countries could make their
voices heard but what could the community in Istanbul say against
the nation in which they live.

"If we look at the issue from a modern perspective, then the
protocols are a positive step," she said, avoiding comment about
preconditions. "We cannot say what are the positive or negative sides
to the protocols. In other words, the Armenian side must express its
point of view."

She reaffirmed the Turkish position that the border wouldn’t be opened
unless the Karabakh conflict was settled.

Bagrat Estukian, Armenian editor with the newspaper "Agos", said
that the Istanbul Armenian community welcomed the protocols. "The
community here has always been in favor of the normalization of
relations between the two nations," he said.

Aris Nalj, another editor at "Agos", the paper founded by Hrant Dink,
stated that the protocols would serve as a second bridge between
Armenia and the Armenian community in Turkey.

"But if the border opens, the Turkish-Armenian community has its
work cut out for it. For instance, there is a great demand for
Armenian-Turkish translators and vice-versa. These professional must
come from the community here. Then too, if diplomatic relations are
established, the kids of Armenians from the RoA can attend our schools
here. That will serve as a rebirth of our educational institutions,"
Aris stated.

He also believes that an open border might lead to more people from
Armenia and the diaspora visiting western Armenian sites like Moush,
Van, Kars, etc.

Aris added that the Armenian community in Turkey wasn’t ready for
the border to be opened, since no one has remained who speaks eastern
Armenian fluently.

"Students at our schools speak poorer Armenian than I do. We do
not know our language to a sufficient degree and don’t know our own
history," he argued.

The Agos editor said that Armenia also wasn’t ready for the large
capital influx awaiting it if and when the border opens. "Everything
can become Turkish. Armenia must have the will to prevent this from
happening so that it develops a healthy economy."

Asked if he saw any preconditions in the protocols, Aris Nalj responded
that there was nothing in the document about the Genocide or Karabakh.

http://hetq.am/en/region/istambul-4/

Russia Uncovers Financial Leverage

RUSSIA UNCOVERS FINANCIAL LEVERAGE

Cbonds. Info
12.10.2009 – RBC

On Friday, Chisinau played host to the CIS summit convened to
hammer out a unified anti-crisis strategy. However, the anti-crisis
discussions seemed to center on loans from Russia: Moscow said
"almost yes" to the new Moldovan government, and once again turned
down Ukraine and Belarus. Meanwhile, Russian President Dmitry Medvedev
hinted that the Eurasian Economic Community money could be extended
even to non-member countries. This led experts to say that financial
aid had become Russia’s major leverage over the former USSR countries.

On paper, the Chisinau summit appeared to be very productive: leaders
reportedly signed over 20 documents, including the coordinated roadmap
to deal with the aftermath of the global financial crisis. As Dmitry
Medvedev pointed out, the summit participants "discussed the documents
in substance, and not just to observe formalities." However, there have
been no reports as to the exact measures the roadmap implies. As for
other documents adopted, they cannot even boast such a conspicuous
name. Among other things, summit participants resolved to announce
2010 the year of veterans of the Great Patriotic War (World War II).

Against this generally dull background, outbursts in political
activity were particularly noticeable. Dmitry Medvedev, for one,
held a trilateral meeting with Presidents of Armenia and Azerbaijan
Serzh Sargsyan and Ilham Aliyev to discuss the Karabakh settlement
once again, which has become a tradition at the latest formal and
informal CIS summits.

At the same time, it was equally important for Dmitry Medvedev to
avoid a meeting with Ukrainian President Viktor Yushchenko, who had
been actively seeking au audience in the run-up to the summit. As a
result, Medvedev cited incompatibility of their working schedules,
while Yushchenko specified who had been behind the incompatibility.

A meeting with the new Moldovan leadership – acting President Mihai
Gimpu an ion Marian Lupu, who was introduced to participants as the
future head of state – became another important event. Alongside the
attention of the Russian President, the Moldovan delegation received
another present: Finance Minister Alexei Kudrin and Deputy PM Igor
Shuvalov vowed to Moldovan PM Vlad Filat to return to the issue of
the $500bn loan- a loan Russia had promised to the Moldovan government
while it was still led by the Communist Party.

When asked about Ukraine and Belarus, Alexei Kudrin reiterated that
loans were not being considered on a bilateral level. President
Medvedev, however, urged all countries to file their bids to the
Eurasian Economic Community fund, which still leaves a chance to get
a loan not only for Minsk, but also for Kiev, which is not a EurAsEC
member. PIR Center’s Dmitry Astafyev believes that, given the lack
of economic mechanisms within the CIS, the friendship between the
CIS states largely relies on gas and Russian loans.

Analytical department of RIA RosBusinessConsulting

Armenia And Turkey: More Politics Than Football

ARMENIA AND TURKEY: MORE POLITICS THAN FOOTBALL

Tert.am
15:33 13.10.09

Though Armenian and Turkish football officials had reached a
preliminary agreement that no fans of the host team would be present
at the Armenia-Turkey matches, during the return match and amidst
Turkish fans’ shouts, it will be possible to distinguish the voices
of the Armenian team’s supporters.

Present at the match will be a number of journalists, politicians,
and sociologists who have arrived to Bursa from Armenia to follow the
sporting dispute turned "Football Diplomacy." Bursa, Turkey’s fourth
largest city and the capital of the region with the same name, with
a population of 2 million, welcomed Tert.am’s correspondents with
strong bursts of winds; if we believe meteorologists, the winds will
continue on the day of the match too.

In the city, however, one doesn’t really feel the full swing of the
pre-football match. But local football fans are convinced that if
the authorities are not extremely attentive, the stadium that has a
capacity of 20,000 will be filled easily.

A 40-year-old shop vendor named Akif doesn’t conceal his
dissatisfaction at all that Turkish and Armenian presidents will be
present at the match. "I have not even missed a single match of the
local Bursaspor team, but today, when the country’s national team is
in our city, I don’t want to see how political figures will hinder
the football players’ showing their game," said Akif, sharing his
opinion with Tert.am correspondents.

Despite no longer in the running for the 2010 World Cup, the Turkish
team gathers a large number of fans from Bursa, who, unlike Istanbul’s
population, don’t have many opportunites to watch a match by this
much-loved team. Here, even with great enthusiasm, they welcome the
team’s coach Fatih Terim, for whom this will be the last match in
his post.

Gyunel, a 30-year-old manager, says he regards the political
component of the match with understanding: "I have never understood
the radical fans. If football countries become friends, what’s so bad
about that? And that in the case when our team no longer qualifies
for the World Championship."

Armenia, Turkey sign accord

Armenia, Turkey sign accord

Secretary of State Hillary Clinton helps the two nations with last-minute
negotiations on a landmark agreement to establish diplomatic relations and
open their sealed border.

Los Angeles Times
Times Wire Services
October 11, 2009

Zurich, Switzerland

Turkey and Armenia signed a landmark agreement Saturday to establish
diplomatic relations and open their sealed border after a century of enmity,
as U.S. Secretary of State Hillary Rodham Clinton helped the two sides clear
a last-minute hurdle.

The contentious issue of whether the killing of as many as 1.5 million
Armenians during the final days of the Ottoman Empire amounted to genocide
is only hinted at in the agreement.

Better ties between Turkey, a regional heavyweight, and landlocked Armenia
have been a priority for President Obama, and Clinton had flown to
Switzerland to witness the signing, not help close the deal.

Clinton told reporters later that each side had problems with the other’s
prepared statement and that the Armenian foreign minister called his
president several times.

"There were several times when I said to all of the parties involved that
this is too important," Clinton said. "This has to be seen through. We have
come too far. All of the work that has gone into the protocols should not be
walked away from."

The accord is expected to win ratification by both nations’ parliaments and
could lead to a reopening of their border within two months. The frontier
has been closed for 16 years.

Diplomats said the Armenians were concerned about wording in the Turkish
statement that was to be made after the signing ceremony at the University
of Zurich and had expressed those concerns "at the last minute" before the
scheduled signing ceremony.

Clinton had arrived at the ceremony venue after meeting separately with the
Turks and Armenians at a hotel, but abruptly departed without leaving her
car when the problem arose. She returned to the hotel, where she spoke by
phone from the sedan in the parking lot, three times with the Armenians and
four times with the Turks.

At one point in the intervention, a Swiss police car, lights and siren
blazing, brought a Turkish diplomat to the hotel from the university with a
new draft of his country’s statement.

After nearly two hours, Clinton and Armenian Foreign Minister Edward
Nalbandian met at the hotel and drove back to the university, where
negotiations continued.

In the end, the Turks and Armenians signed an accord establishing diplomatic
ties that could reduce tensions in the troubled Caucasus region and
facilitate its growing role as a corridor for energy supplies bound for the
West. The agreement faces nationalist opposition, and protests have been
particularly vociferous among the Armenian diaspora.

The agreement calls for a panel to discuss "the historical dimension" of the
killing of an estimated 1.5 million Armenians during World War I. The
discussion is to include "an impartial scientific examination of the
historical records and archives to define existing problems and formulate
recommendations."

That clause is viewed as a concession to Turkey, which denies genocide,
contending the toll is inflated and those killed were victims of civil war.

The politically powerful Armenian American community, which Obama courted
during his campaign, appeared split over Saturday’s accord.

"If Turkey normalizes relations with Armenia and ends its blockade of that
landlocked country, it would be a very positive step for the region," said a
statement by Rep. Adam Schiff (D-Glendale), a leading supporter of Armenian
genocide resolutions in Congress. He said , however, that "Turkey must not
be allowed to rewrite the history of the Armenian genocide as a price of
diplomatic relations."

The Armenian National Committee of America blasted the accord, saying, "The
Obama administration’s attempts to force Armenia into one-sided concessions
is shortsighted and will, in the long term, create more problems than it
solves."

Copyright © 2009, The Los Angeles Times