Armenian school-children win 2 silver, 4 bronze medals at 2022 International Mathematical Olympiad

Save

Share

 12:50, 19 July 2022

YEREVAN, JULY 19, ARMENPRESS. 589 students from 104 countries participated in the 63rd International Mathematical Olympiad, which was held in Oslo, Norway, from July 6 to 16.

Armenia was represented by 6 school-children at the Olympiad.

Vahagn Hovhannisyan and Ruben Hambardzumyan (Physics and Mathematics Specialized School named after Artashes Shahinyan) won a silver medal, Hayk Karapetyan, Vahram Asatryan, Areg Mkrtchyan (Physics and Mathematics Specialized School named after Artashes Shahinyan) and Arayi Khalatyan (Quantum College) captured bronze medals, the ministry of education of Armenia said.

Last year the Olympiad was held in a virtual format.

Iran’s export to Armenia increases 21% in 3 months on year

Save

Share

 13:10, 19 July 2022

YEREVAN, JULY 19, ARMENPRESS. The value of Iran’s export to Armenia increased 21% in the first quarter of the current Iranian calendar year (March 21-June 21), from the first quarter of the previous year, the spokesman of Islamic Republic of Iran Customs Administration (IRICA) said, Tehran Times reports.

Ruhollah Latifi said that Iran exported commodities worth $74 million to Armenia in the three-month period.

Iran and Armenia signed a memorandum of understanding at the end of the two countries’ 17th meeting of Joint Economic Committee in Yerevan in mid-May.

The MOU, which covers cooperation in areas of transit, transportation, facilitation of exchange of goods, energy, development of environmental cooperation in Aras area and removal of pollution from border rivers, as well as medical tourism, was signed by Iranian Energy Minister Ali-Akbar Mehrabian and Armenian Deputy Prime Minister Mher Grigoryan, who are the chairmen of the two countries’ Joint Economic Committee.

According to the officials, the purpose of holding the 17th meeting of Iran-Armenia Joint Economic Committee was the real and tangible development of relations between the two countries.

​Fleeing Putin, Russian tech workers find a home in Armenia

July 19 2022
Fleeing Putin, Russian tech workers find a home in Armenia

“If Russia wins, everything in Russia will be bad. If Russia loses, everything will still be bad. I see no sense in returning there.”

By MASHA BORAK
Photography by ANUSH BABAJANYAN
20 JULY 2022 • YEREVAN, ARMENIA

In the weeks and months after Russia invaded Ukraine, Zvartnots International Airport in Armenia’s capital Yerevan was flooded with Russians leaving their country, among them a growing number of tech workers. Fearing flight cancellations, exit bans, and border controls, many booked their tickets at exorbitant prices, wiped their phones, and arrived in the small country nestled in the Southern Caucasus — sometimes carrying just one suitcase.

“The war started on February 23. In a day, I believe that the IT market in Russia collapsed,” said Ramazan Karavaev, a former IT project manager in Moscow, now settled in Yerevan.

IT job listings in large cities like St. Petersburg dropped by almost a third as of May, compared to listings posted in January. At least 1,000 foreign companies have stopped or limited their activities in Russia, among them a large number of tech firms, many of which moved their staff abroad. Some wonder whether more IT specialists may leave with their children once school is over, heading for destinations such as Armenia, Turkey, Dubai, Georgia, and Kazakhstan.

Armenia’s tech industry is currently small-scale, as the country’s educational system struggles to provide enough talent, according to local tech entrepreneurs like Zaven Naghasyan. Since February, Armenia welcomed the growing number of tech talent flowing into the country, when millions of Russians fled their country, driven by opposition to the war, fear of a draft, or the weight of the sanctions, and headed to neighboring countries with friendly immigration policies. In April 2022, the country registered almost 50% more IT workers than in the same period last year.

The Armenian government has set up a working group tasked with helping entrepreneurs and businesses relocate to the country, hoping that the next big Russian innovations will happen in Yerevan, rather than Moscow or St. Petersburg. But for many Russian tech workers who have left their families and homes behind, the future is still uncertain.

Grigory Buzmarev

Grigory Buzmarev had two choices: Armenia or Georgia. He leaned toward the former because his Russian Mir credit card would still be functional there, Armenia’s favorable visa policy, and its cultural closeness to Russia. “I say to people, “Barev dzez” [“hello” in Armenian], and they answer me, “Privet” [“hi” in Russian],” Buzmarev said. “I feel at home.”

The 32-year-old software developer left Moscow at the end of March and began working at Naghashyan Solutions (see CEO Naghashyan’ profile below) just a day after he landed in Yerevan. The company hired him a week prior, while he was still in Russia.

For now, the future for him and his wife seems uncertain: “I have learned not to make plans any longer than six months ahead.”

One thing that is clear, he said, is that Russia’s power in the IT industry is vanishing. Russia is now missing 170,000 IT specialists, according to the government: “A few years from now,” he said, “Russia will be like a village.”

Daniel Zelenkin

Daniel Zelenkin remembers paying 70,000 rubles ($1,217) for a ticket on the last official Aeroflot flight leaving Russia for Armenia on March 7: “I was terrified. I was scared we would not fly. It was stressful.”

The Russian branch of the international IT company, which Zelenkin asked Rest of World not to name for security reasons, where Zelenkin works as a sales specialist began offering temporary relocation to Yerevan shortly after the invasion. The 30-year-old was among those who took the offer with a gut feeling that he would not return home.

Like the rest of the IT industry, international sanctions made it impossible for his company to continue working out of Russia, he said. The ruble, which has since bounced back, dropped to a record low at the beginning of March. Visa and Mastercard stopped working with Russia, and the EU introduced its first SWIFT bans on Russian banks: transactions became increasingly hard.

Zelenkin is now receiving his salary in Armenian Drams. “I was a little happy that my taxes no longer went to Russia,” he said.

Zaven Naghashyan

As a co-founder and CEO of two IT companies, 37-year-old Armenian entrepreneur Zaven Naghasyan has been thinking about how to draw experienced IT talent from abroad for the past two years: “Armenia has a big lack of developers,” he said.

When the war started, the demand for experienced specialists for his two companies, Naghashyan Solutions and Imusic.am, solved itself. Naghashyan has recently hired three IT specialists from Russia, and two more are due to arrive by the end of the summer.

“A friend told me about a Telegram channel where IT vacancies [in Armenia] are announced,” Naghashyan said. “I tried to search there, and very quickly I found three to four people.”

Moving is easy for IT specialists — one needs only a computer and internet, Naghashyan adds. Russians are close to Armenians culturally, and the language is not a significant barrier. English is more necessary for work in this industry, he said.

Ramazan Karavaev

Ramazan Karavaev has always considered himself a highly qualified manager who would never stay unemployed in Russia. The 30-year-old former IT project manager quit his job at a large bank in Moscow in September 2021, to rest and travel.

Karavaev said that before the war he had two to three interviews with new companies per week, but after February 23 and until May, he had only two. “I was interviewed in a bank and was certain I would be employed, but at the last moment, there was a freeze on employment,” he said. “Everywhere, they stopped even interviewing.”

After the invasion into Ukraine, many large IT players left Russia, and smaller firms with foreign customers moved to Yerevan. IT specialists who were freelancers could no longer get paid, while the banking industry has suffered greatly after sanctions. “I think the IT market in Russia will roll back to the 1990s,” Karavaev said.

Now in Yerevan, Karavaev is working as an IT project manager at local firm Imusic.am. “I believe 20 to 30 percent of those who arrived here will stay,” he said. “And I think it will be a positive change for Armenia.”

Elena Nepushkina

As Russian soldiers marched toward Kyiv throughout March, the city of St. Petersburg, where 25-year-old Elena Nepushkina lived then, filled with rumors of martial law and bans on exiting the country. Russia had announced a decree ordering the draft of 134,500 new conscripts at the end of March, and both Nepushkina and her partner felt a wave of panic.

“We did not know what to expect the next day,” she said, as the threat of draft loomed over her partner, Ivan Krapivin. In the meantime, the quality of life in her country decreased.

OUR (FREE) EMAIL NEWSLETTERBe the first to read our latest stories, analysis, and trend-spotting on tech from every corner on earth.
EMAIL

“Prices increased, and Russia became an outcast country,” she said. “Stores began to close. A lot of entertainment became unavailable. These details built an unpleasant larger picture, beginning with empty malls and ending with software, which some manufacturers refused to support in Russia.”

The pair moved to Yerevan on May 7. Nepushkina, a manual quality assurance engineer, managed to find a job after a few interviews.

“If the war officially ends, I would like to return. But I do not know when Russia will become a safe and comfortable place,” she said.

Gennady Haritonov

“Because of sanctions, many foreign customers — outsourcing companies among them — refuse to work with Russian companies,” said Gennady Haritonov, a 34-year-old software developer who moved with his family to Armenia in March.

Customers are refusing to work with not only Russian firms but also developers who are physically in Russia, he added. “[It is] not even because they do not feel sympathy but because they worry for their business.”

Haritonov’s company in Russia told him he would not be able to work for them if he left. So he found a job at an international company that was relocating its Russia office to Armenia, called Cyberhull. If he had remained in Russia and faced a mandatory draft, he would have had two choices: going to prison or going to the frontline to fight for something he did not believe in.: “There would be no choice in my case,” he said. “I would just refuse and go to prison.”

Martyn (Vladimir Martynenko)

The first thing 28-year-old Vladimir Martynenko thought about when he heard about the war was that he didn’t have a passport. Soon after, he felt his emotional state fall into disarray. “The quality of my work decreased dramatically,” he said. “I made mistakes much more often”

Based in Kaliningrad, a Russian enclave sandwiched between Poland and Lithuania, he started feeling as though he was in an environment similar to Germany at the beginning of World War II. The threat made creative thinking feel impossible, he said. “I can physically work, but I cannot work intellectually,” Martyn said. “I think it happens to many [people].”

The decision on whether to leave Russia caused tension between him and his partner. They did not know anything about Armenia, but the fear of martial law in Russia was eating away at him. “I thought we needed to move quickly, that we may even need to leave the cat,” he said.

The couple and their cat are currently living in Dilijan, an old town in a national park that reminds Martyn of Kaliningrad. He lost his former job as a web technologies teacher but is now working remotely as a full-time contractor for Vilantis, a Lithuanian software company.

Ivan Kurilla

Twenty-six-year-old Ivan Kurilla was not happy working for his company in Russia, so he resigned and was planning to rest for a few months, when the war hit. As Telegram groups filled with people offering advice and support, it seemed as though everyone was suddenly leaving the country. Kurilla felt it was now or never.

He arrived in Armenia at the beginning of March with one suitcase and a phone number for his father’s friend. “Here, I found what I could not find in Russia,” he said.

Armenia is full of outsourcing companies with foreign clients. The local job he found gave him a chance to work with the international market — something he previously thought only moving to Europe could do. Kurilla is working as a C++ programmer at a local company called Energize Global Services.

“Most Russians moving to Armenia thought this would be a transition point for further travels,” Kurilla said. “I thought so, too, but changed my opinion.”

Ivan Krapivin

Twenty-five-year-old Ivan Krapivin said that before the war  he could find work as a junior quality assurance engineer easily in Russia, despite his limited experience. These days, it’s harder for beginners to find work in the country, he said. Some companies went bankrupt. Others, like Krapivin’s firm, cut jobs.

By the time he decided to leave St. Petersburg with his partner at the beginning of May, vacancies in the IT industry had decreased drastically in the Russian market. Nowadays, he is unemployed, looking for work in Yerevan.

Although Armenia’s welcome pleasantly surprised him, Krapivin said he would like to return to his apartment and neighborhood in St. Petersburg. The current political situation, however, makes it seem impossible.

“It was hard to ride the metro and know that 80% of people there supported Russia’s rhetoric of no peace,” he said.

Vasily Kovalev

Before boarding his plane from Nizhny Novgorod to Yerevan, Vasily Kovalev and his partner Alina Demeneva erased everything from their phones. The two 24-year-olds feared border police would check their electronics and stop them from leaving.

Leaving has been in Kovalev’s mind for a long time, ever since Russia annexed Crimea in 2014. Aside from allowing him to be close to his family, his life in Russia had few benefits, even before the war, he said. But when the 2022 invasion of Ukraine began, Kovalev felt that the country was increasingly militarizing and edging toward instability.

“People were detained for words against the war, for speaking for peace. I wanted to be away from all that for some time,” said Kovalev, who is working as a senior software developer.

Kovalev has been working with international clients for a company in Russia called SWTec and plans to continue doing the same in Armenia as a freelance contractor. “If Russia wins, everything in Russia will be bad,” Kovalev said. “If Russia loses, everything will still be bad. I see no sense in returning there.”

Alina Demeneva

Alina Demeneva lost her job as a junior quality assurance engineer in an IT company because of her decision to move to Armenia with her partner, who left because of his anti-war convictions. “I would not stay there [in Russia] alone,” she said. “I support his decision. We have had a similar take on politics through the years.”

Now Demeneva is looking for another opportunity but said that Armenia has scarce opportunities for junior positions in her field. Many senior-level engineers left Russia at the same time as Demeneva.

“It was obvious that people were leaving [for long] because many were with their pets,” Demeneva said. “The airplane was packed.”

Masha Borak is a journalist covering the intersection of technology with politics, business, and society.
Anush Babajanyan is a photographer based in Yerevan, Armenia, and a member of the VII Photo Agency.

 

Media: Azerbaijani military stop and turn back convoy of Russian peacekeepers

NEWS.am
Armenia – July 20 2022

The Azerbaijani military stopped and turned back a column of Russian peacekeepers, Minval reported, citing its own sources.

"The day before, at 17:15, a column of Russian peacekeepers consisting of 1 BTR 82A and 3 Ural vehicles was stopped for inspection at an Azerbaijani army checkpoint, which was going through Aghdam on the Askeran-Agdere route. And during the inspection of the vehicles, at least five Kalashnikov AKMs were found in the cargo compartment of one of the vehicles between the sleeping pads. In response to a gross violation of the rules – carrying weapons and ammunition without documents – the convoy was stopped and sent back," an Azerbaijani media report said.

Armenpress: South Korea’s intelligence chief makes unannounced visit to US

South Korea’s intelligence chief makes unannounced visit to US

Save

Share

 10:14, 20 July 2022

YEREVAN, JULY 20, ARMENPRESS. South Korea's National Intelligence Service (NIS) Director Kim Kyou-hyun has made an unannounced visit to the United States, Yonhap News Agency reports.

Kim was spotted walking out of Dulles International Airport on the outskirts of Washington, D.C., on Tuesday morning (Washington time) as his staff members held large umbrellas apparently to conceal the movement of the country's top intelligence official.

His visit came as Seoul and Washington have been cranking up security coordination amid speculation Pyongyang could further ratchet up tensions by carrying out what would be its seventh nuclear test.

His detailed schedule remains unknown, but he is expected to meet top U.S. intelligence officials like Avril Haines, director of national intelligence, and William Burns, director of the Central Intelligence Agency.

The NIS refused to confirm Kim's visit to the U.S.

“Our principle is not to confirm where the intelligence agency chief is”, an NIS official told Yonhap News Agency over the phone, requesting anonymity.

Armenia, becoming a single mother

July 20 2022
20/07/2022 -  Armine Avetisyan

Today in Armenia there are about 50,000 women between 35 and 53 who are single and childless. There is a chance for those who want to be a mother while remaining single, but whether or not to follow this path depends on both individual choices and the attitude of society.

Nona, 41, has been visiting one of the fertility centres in the capital Yerevan for the past six months. She is planning the birth of her first child. The woman is not married, she does not have a partner, the pregnancy will take place through artificial insemination, with the help of a donor. She says she thought a long time before taking this step.

"I had been dreaming of having a baby for 5 years. The moment came when I realised that I don't want to get married, but I want to become a mother. At first I was looking for my child's father among my acquaintances, I thought I would find the right one there , to just get pregnant. Then I realised that this right guy could have misunderstood me. It is difficult to live in Armenia and say to a man: 'Hi, I want to have a child with you, let's have sex and goodbye'", says Nona.

When Nona finally gave up on the idea of looking for the right man, she started looking for a clinic that specialises in fertility issues. After finding it, she chose a doctor among those available and made an appointment for the first visit. She says she was a little worried that the doctor did not understand her desire to become a mother without having a husband, but she was amazed when the doctor not only understood her very well, but also received her warmly and supported her at every stage.

"When I decided to become a single mother, I shared my idea with some friends and relatives. Unfortunately no one supported me, everyone said it would be difficult, that I shouldn't do it, that I would meet my man anyway. Given all this I thought that the doctor would say to me: 'Go home, find your other half', but he has helped me a lot".

In recent months she has taken all the necessary medical tests and is ready for future motherhood, artificial insemination will take place in the next few days.

"You cannot imagine what a moment this is for me! Today I entrust myself only to God and my doctor, I dream of the moment when I will feel my baby move under my heart…".

If Nona is chasing her dream, Lilit, 38, has been enjoying motherhood for 3 years already. Unlike Nona, she got pregnant naturally, but she broke up with her partner as soon as it happened. "When I told my partner about my pregnancy he asked me to have an abortion and when I refused, he disappeared", says Lilit, whose parents certainly did not welcome the news of her pregnancy.

"My family was against me being a single mother. They said people would label me immoral. I talked a lot with my parents, it was hard to get their support, but I insisted. Even today, people who surround me do not fully accept the fact that I am a mother without a man by my side, many think that I am an 'easy' person, but it does not matter to me, the important thing is my child, who today lives a healthy and good life", says Lilit, adding that she does not rule out asking for help from doctors in the future to have a second child through artificial insemination. "My child needs a sibling, I don't want them to be alone in the world. It is not likely for me to meet the right man, I will not wait forever, then I will grow old, it will be difficult".

There are not many brave women like Nona and Lilit in Armenia, ready to be single mothers and who do not fear the judgment of society, although things have improved in recent years.

Every year, several dozen unmarried women become mothers through artificial insemination at the "Fertility Centre" in Yerevan. Eduard Hambardzumyan, director of the centre and a gynecologist specialising in fertility, says that the single patients have recently increased.

"If 8-10 years ago there were very few women who turned to us, today there are many more who manage to find the necessary courage. They have learnt not to take into account everyone's opinion, not to ask the permission of the whole nation, to make their own decisions and to contact us", says the doctor.

Today it is mainly women between 40 and 45 who turn to specialists. Hambardzumyan advises not to postpone and to act before reaching the age of 45, because afterwards functional problems appear and the pregnancy becomes complicated.

"Women under 45 can get pregnant with the help of donor sperm, this is so-called artificial insemination, an affordable option which costs around 200 dollars, while artificial fertilisation costs around 2,500, depending on the clinic and the complications", explains the doctor.

According to the specialist, if the service is made more accessible, the number of women who will turn to it will increase. "After becoming a mother, there is no woman who does not say it was the best decision of her life. If a woman wants to become a mother, I repeat, she must not put it off. The years go by, no matter how miraculous the doctors are, nature does its job".

https://www.balcanicaucaso.org/eng/Areas/Armenia/Armenia-becoming-a-single-mother-219445

"Was Aliyev right?" On the withdrawal of the Armenian Armed Forces from Nagorno-Karabakh




  • JAMnews
  • Yerevan

Withdrawal of the Armenian Armed Forces from Nagorno-Karabakh

“In the course of the war, a number of units of the Armenian Armed Forces moved to Nagorno-Karabakh. They are returning to Armenia, the process will be completed in September. The Defense Army was and continues to stay in Nagorno-Karabakh,” said Armen Grigoryan, Secretary of the Armenian Security Council, in response to the latest statement by the President of Azerbaijan.

According to Ilham Aliyev, Moscow promised Baku that the Armenian military units would be withdrawn from Nagorno-Karabakh by June 2022, but the issue has not been resolved yet.

Political scientist Tigran Grigoryan believes that the Secretary of the Security Council made “very problematic and dangerous” statements, one of which “actually says that Aliyev was right all this time, and we were not.”

Response of the Secretary of the Security Council of Armenia to Aliyev’s statements, along with an expert’s comment.


  • Meeting of Foreign Ministers of Armenia and Azerbaijan in Tbilisi: comments from Baku and Yerevan
  • Azerbaijan to build one of the longest tunnels in the world to bypass Nagorno-Karabakh
  • Russia vs West in South Caucasus – Opinion from Armenia

According to Secretary of the Security Council of Armenia, Armen Grigoryan, Nagorno-Karabakh’s security will be ensured by the Defense Army, same as before, while the Russian peacekeeping forces deployed here should be a guarantee of security.

“The presence of peacekeeping forces in itself testifies to Russia’s recognition of the existence of a real danger to the life of Nagorno-Karabakh’s population. Peacekeeping forces are of key importance in ensuring the security of NK Armenians,” said Armen Grigoryan in an interview with Armenpress.

The Secretary of the Security Council stressed that since September there would be no conscripts from Armenia in Nagorno-Karabakh.

As he says, residents of Nagorno-Karabakh will be drafted into the Defense Army. Contract servicemen will continue serving in the armed forces of NK, as they used to do previously.

Armen Grigoryan considers the withdrawal of the Armenian Armed Forces logical after the establishment of a ceasefire and the deployment of Russian peacekeeping forces in Nagorno-Karabakh.

He says that units of the Armenian Armed Forces have moved to Nagorno-Karabakh to help the Defense Army. After the armistice has been established, they are returning to Armenia, and this process will be completed in September. Nagorno-Karabakh will have its own army, as it used to in the past.

“We believe that the peacekeeping mission should remain here indefinitely, as the conflict has not been resolved” – statement by the State Minister of the unrecognized NKR

On July 15, Ilham Aliyev spoke at a meeting of the Cabinet of Ministers, also touching upon the Armenian-Azerbaijani relations.

“If Armenia does not want to withdraw its armed formations from the territory of Azerbaijan, then let them openly tell us about this, so that we know what to do. What will be our answer? It is probably inappropriate to say this now,” said the President of Azerbaijan.

He stressed that this issue was also raised during meetings with the Russian military leadership. According to Aliyev, a few months ago, a high-ranking representative of the Russian Defense Ministry, while in Baku, promised the Azerbaijani Defense Ministry that by June the Armenian armed formations would be withdrawn from Karabakh. However, the problem has not yet been resolved.

Azerbaijan signed a memorandum on gas export with the European Union. According to the document, Baku will double the volume of natural gas exported to Europe

According to political scientist Tigran Grigoryan, the purpose of the interview with the Secretary of the Security Council of Armenia is to mitigate the threats coming from Baku. At the same time, the political scientist says: the fact that there will be no conscription from Armenia to Nagorno-Karabakh is not news to anyone.

Announcing the withdrawal of troops in September, the Secretary of the Security Council negates the assertions of the Armenian side that since the end of the war there are no Armenian Armed Forces units in Nagorno-Karabakh.

“By the way, these assertions of the Armenian side were also confirmed in the reports of authoritative international organizations,” stresses Tigran Grigoryan.

He claims there really are no units of the Armenian Armed Forces in Nagorno-Karabakh, and the conscripts drafted from Armenia will soon be demobilized.

Political scientist regards the statement of the Secretary of the Security Council as “extremely problematic and dangerous.” In his opinion, Armen Grigoryan “actually legitimizes the destructive behavior of Azerbaijan in the recent period”:

“This is a real gift for Azerbaijan, whose propaganda machine is already actively distributing the interview. Not only does not this statement reduce the danger of war, but, as Nikol Pashinyan said, it legitimizes the war. This statement actually says that Aliyev was right all this time, and we were not.”


https://jam-news.net/withdrawal-armenian-forces-karabakh/

Armenpress: Pakistan boat accident death toll reaches 28 – DAWN

Pakistan boat accident death toll reaches 28 – DAWN

Save

Share

 09:45,

YEREVAN, JULY 21, ARMENPRESS. Pakistani rescue divers recovered two more bodies from two points in the River Indus — between Rahim Yar Khan and Guddu barrage — on Wednesday, bringing the total death toll from the boat accident to at least 28, DAWN newspaper reports.

A wooden boat carrying a marriage party from the Hussain Bux Solangi village capsized near Machhko due to overloading two days earlier. 

Search operations for around two dozen missing persons are still ongoing.

Armenia digitizes civil procedure system

Save

Share

 11:20,

YEREVAN, JULY 21, ARMENPRESS. Civil procedure will be digitized in Armenia.

Minister of Justice Karen Andreasyan said at the Cabinet meeting that a tender has already been held for this process and that the civil procedure can be digitized after making the relevant financial re-distribution.

348 million drams will be spent on the digitization.

“By saying digitization, we mean that lawyers will be able to present the lawsuits, motions and evidence from their office. The trials can also be held online, without people visiting the courthouse,” Andreasyan said.

The same approach will be applied to the administrative and criminal procedures in the future as well.

Italian PM Mario Draghi quits

Save

Share

 11:55,

YEREVAN, JULY 21, ARMENPRESS Italy’s Prime Minister Mario Draghi tendered his resignation Thursday.

Speaking to Parliament, Draghi said he was going to meet with President Sergio Mattarella and inform him of his intentions after failing to unite his fragile coalition government.

Mattarella has reportedly asked him to remain in place in the interim with a caretaker government, CNBC reported.

Last week, Mattarella rejected Draghi’s first resignation and asked him to lead more negotiations with lawmakers in the hope of avoiding snap elections.