Author: Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS

Republic of Artsakh initiates multiple business support projects seeking to restore war-torn economy

Emil Lazarian

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 10:22, 24 August 2022

YEREVAN, AUGUST 24, ARMENPRESS. The 2020 war heavily affected the economic development of Artsakh, causing decline in virtually all branches.

In 2021, the GDP dropped 12,7%, while industrial output declined 33,6% compared to 2020.

In response to a query from ARMENPRESS, the Minister of Finance and Economy of Artsakh Vahram Baghdasaryan said that the biggest drop was recorded in agriculture because nearly 75% of Artsakh’s arable lands, 85% of pastures, most part of fertile grounds and nearly 90% of irrigated agricultural areas are in territories which Azerbaijan captured and is now occupying.

The number of livestock was reduced by over 50%. Agricultural output dropped 51,1% compared to 2020.

“The only branch where we recorded growth after the war is construction, and this is due to the large-scale apartment-building projects implemented by the government. In 2021, the volume of capital construction carried out with all sources of funding grew 48,3% compared to the previous year,” the minister said.

The economy of the post-war country: Problems facing businesses in Artsakh

Businesses in Artsakh suffered heavily due to the war materially, logistically and in terms of resource, among them are organizations that were working in territories which were lost during the war.

Minister Baghdasaryan says the Artsakh Government’s priority is to restore the economy in a short period of time by applying promotional programs, modern technologies and effective mechanisms which will enable to ensure small industrial capacities with high-level quality and increase of work productivity.

“Particularly, we are planning to implement programs in agriculture, industry (mining, light and process manufacturing) and in several other branches. Our goal is to create the kind of an economic system which would generate all the mechanisms through which it will be possible to solve the security issues and ensure the continuous increase of the levels of employment and livelihood of the population,” Baghdasaryan said.

SME activities in post-war Artsakh

The government of Artsakh is carrying out a number of programs to support SMEs and improve the business climate after the war. A large-scale tax privilege package was initiated which covers nearly all types of taxes aimed at easing the tax burden of businesses.

“Most businesses working in the 10% profit tax rate sector were exempted from paying profit tax before 2022, and the rate will be set 5% starting 2023. Private entrepreneurs were similarly exempt from revenue tax in the same period. Agricultural output trade is exempt from VAT until 2026,” the minister said.

 

Other programs include privileged terms and direct support for the restoration of lost businesses:

Companies and individuals who suffered material damages due to the war are offered a treasury promissory note with a 5-year maturity date and 7% yield. The individuals and companies are able to receive the money earlier starting 2023 July in case of presenting a business plan which envisages the recovery of a lost business or launch of a new one.

In 2021 the government also launched a grant program promoting innovation and entrepreneurship aimed at developing agriculture, process manufacturing and village tourism.

Problems and Solutions Regarding Exports and Imports

Some enterprises having had sustainable export volumes and who were already well-known in foreign markets are regrettably among the businesses which are left in territories occupied by Azerbaijan.

“This all can’t not have an impact on the country’s export volumes and structure, which caused various new challenges and requires more effective mechanisms of state support to advance domestic products in foreign markets. From this perspective, the ministry of finance and economy is taking practical steps to promote the exports of domestic products and provide support to producers, as well as projects aimed at representing the range of products of domestic producers in foreign markets,” Minister Baghdasaryan said.

The government plans to ensure the representation of domestic producers in international expos and seminars soon.

Pashinyan discusses Nagorno Karabakh with Putin

Emil Lazarian

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 11:35, 24 August 2022

YEREVAN, AUGUST 24, ARMENPRESS. Prime Minister Nikol Pashinyan and Russian President Vladimir Putin held a phone conversation, the Kremlin said in a statement.

The phone talk was initiated by the Armenian side.

The Kremlin readout says that the sides continued the discussions around the situation in Nagorno Karabakh. The importance of consistent implementation of the trilateral agreements of 9 November 2020, 11 January and 26 November of 2021 of the leaders of Armenia, Russia and Azerbaijan was reaffirmed. The role of the Russian peacekeeping contingent was underscored in ensuring stability in the region.

Certain topical subjects of further developing the Armenia-Russia strategic partnership and allied relations were addressed.

Armenia Banking Market to Witness a Bright Future by 2030, Says Allied Market Research

Emil Lazarian
Aug 25 2022
NEWS PROVIDED BY
Allied Analytics LLP
August 25, 2022, 12:59 GMT

OREGAON, PORTLAND, UNITED STATES, August 25, 2022 /EINPresswire.com/ — Allied Market Research published a report, titled, “Armenia Banking Market by Sector (Retail Banking, Corporate Banking, and Investment Banking) and Type (Closed Joint-Stock Company [CJSC] and Open Joint-Stock Company [OJSC]): Opportunity Analysis and Industry Forecast, 2019–2026”.

The report offers an extensive analysis of drivers and opportunities, key segments, top investment pockets, competitive landscape, and value chain. These data, statistics, and insights will prove to be helpful for market players, shareholders, new entrants, and investors to avail information about the market and adopt various strategies for growth.

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐏𝐃𝐅 @ https://www.alliedmarketresearch.com/request-sample/6274

The research provides comprehensive analysis of drivers, restraints, and opportunities of the Armenia banking market. These insights are valuable in identifying driving factors, emphasize on them, and implement strategies to help achieve a sustainable growth. Furthermore, market players, investors, and startups can utilize this information to determine new opportunities, explore the market potential, and gain a competitive edge.

The report provides a detailed impact of the Covid-19 pandemic on the Armenia banking market. This information will help market players, investors, and others to change strategies accordingly to cope up with the pandemic and sustain in the market.

Key Market Segments Includes:
• By Type
o Closed Joint-Stock Company (CJSC)
o Open Joint-Stock Company (OJSC)

• By Sector
o Retail Banking
o Corporate Banking
o Investment Banking

A detailed analysis of each segment and sub-segment is provided in the report. Tabular and graphical formats are utilized for enabling a better understanding. This analysis is valuable in identifying the fastest growing and highest revenue generating segments. It will help market players in adopting various strategies to achieve sustainable growth.

Request For Customization @ https://www.alliedmarketresearch.com/request-for-customization/6274?reqfor=covid

Key Benefits for Stakeholders
• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the operating room equipment market analysis from 20WW to 20MM to identify the prevailing operating room equipment market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the operating room equipment market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the Armenia banking market players.
• The report includes the analysis of the regional as well as operating room equipment market trends, key players, market segments, application areas, and Armenia banking market growth strategies.

The Interested Potential Key Market Players Can Enquire for the Report Purchase at: https://www.alliedmarketresearch.com/purchase-enquiry/6274

The report offers a detailed analysis of top market players operating in the Armenia banking market. The leading market players analyzed in the report include Ameriabank CJSC, ARARATBANK OJSC, ArmSwissBank CJSC, Converse Bank CJSC, HSBC Armenia, ID Bank, ACBA-CREDIT AGRICOLE BANK CJSC, ArmBusinessBank CJSC, Ardshinbank CJSC, and Inecobank CJSC. They implemented various strategies including new product launches, mergers and acquisitions, joint ventures, collaborations, expansion, partnerships, and others to achieve growth and gain international presence.

The adoption of Armenia banking market is increasing considerably in recent years owing to its usefulness and effectiveness. With rapid technological advancements, the application areas of Armenia banking market are expanding to various domains. The research offers a comprehensive analysis of drivers, restraints, and opportunities of the Armenia banking market.

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
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https://www.einnews.com/pr_news/587691597/armenia-banking-market-to-witness-a-bright-future-by-2030-says-allied-market-research

Official: 20 families from Berdzor, Aghavno settle in Syunik

Emil Lazarian
PanARMENIAN
Armenia – Aug 25 2022
August 25, 2022 – 14:32 AMT

PanARMENIAN.Net – 20 families from Berdzor and Aghavno in Nagorno-Karabakh have settled in the Armenian province of Syunik, according to Armine Avagyan, assistant to the Governor of Syunik.

Amid fresh fighting around Nagorno-Karabakh earlier this month, the authorities in Stepanakert said that the Azerbaijani side, through Russian peacekeepers, demanded that a new connection be organized between Nagorno-Karabakh and Armenia along a new route.

The Lachin corridor currently used as connection between Armenia and Karabakh was supposed to serve its purpose at least until the fall of 2023, but Azerbaijan built a new road and demanded that the corridor be moved now.

Nagorno-Karabakh’s authorities informed the few remaining Armenian residents of the town of Berdzor and the villages of Aghavno and Sus that are situated along the current Lachin corridor that no Russian peacekeepers will be left in the territory after August 25 and, therefore, they needed to leave their homes before the end of the month. However, a top Russian diplomat has said that the peacekeepers were not going to move an inch.

Many of the residents of Berdzor and Agavno have now settled in Syunik, others have moved to settlements where they have relatives, Armenpress reports.

“The last family moved to the province yesterday. So far, the Governorate of Syunik has been assisting them with cargo transportation and finding a shelter,” Avagyan said.

“They have mostly settled in the towns of Goris and Sisian. Tomorrow, the staffers of the Governorate will visit these people to assess their needs and understand who has settled and how”, she said, adding that the Governorate will continue to focus on the problems of these families by trying to find solutions.

Azerbaijani press: Armenia must pay compensation to Azerbaijani IDPs – official

Emil Lazarian
Politics Materials 24 August 2022 14:39 (UTC +04:00)


LACHIN, Azerbaijan, August 24. Residents of Azerbaijan’s Lachin filed a lawsuit with the European Court of Human Rights in the case of ‘Chiragov and others v. Armenia’ in 2005, Deputy Chairman of the Supreme Court of Azerbaijan Chingiz Asgarov told Trend.

According to Asgarov, the judgment of the European Court of Human Rights in the case of ‘Chiragov and Others v. Armenia’ in 2015 was the first and only international judicial document which confirmed the fact of the occupation of Azerbaijani territories by Armenia.

“Armenia’s obligation under the judgment is to create a mechanism to consider the claims of Azerbaijani IDPs directly to the Armenian state. However, it refuses to pay the compensations under the pretext that in this case it would be recognized as the responsible state, although Armenia has already been recognized as such a state,” he said.

“We are taking measures in connection with the adoption of a decision on this issue by the Committee of Ministers of the Council of Europe and exerting pressure on Armenia,” added the official.

Turkish press: Turkish-Israeli cooperation may fulfill energy demands in West, says expert

Emil Lazarian
Rabia Iclal Turan   |25.08.2022


ISTANBUL

Energy cooperation will be one of the facets of the rapprochement between Israel and Türkiye, said an expert, as the two countries last week agreed on restoring full diplomatic ties and reappointing ambassadors.

“Western capitals also want to diversify and enrich their energy supplies. And Türkiye-Israel cooperation may fulfill these demands and needs,” Cagri Erhan, a member of the Presidential Security and Foreign Policy Committee, told Anadolu Agency in an interview.

Asked how the normalization between Türkiye and Israel will affect energy supply security in the region, which has become vital following Russia’s war on Ukraine, Erhan, who is also a professor of international relations and the rector of Istanbul’s Altinbas University, said Türkiye and Israel have had “intensive ties”, particularly in the area of energy cooperation in the Eastern Mediterranean for the past two years.

“Not only searching and drilling the hydrocarbon reserves, but also transporting these reserves through Türkiye is an option for Israel,” he continued.

According to Erhan, there have been some contacts between the energy ministers of Türkiye and Israel, and they have started thinking about the possibilities of the transportation of Israeli natural gas through Türkiye.

Eastern Mediterranean

Greece, Israel, and the Greek Cypriot administration inked an agreement in 2020 to build a 1,900-kilometer (1,200-mile) natural gas pipeline to connect the reserves of the Eastern Mediterranean to Greece and then to Italy.

Many experts have said the estimated natural gas transfer cost would be cheaper if the pipeline passes through Türkiye.

“Particularly, after the United States pulling back its support for East Med project, Turkish option became the more feasible and only option for the reasonable transport of Israeli gas,” Erhan told Anadolu Agency.

On the Eastern Mediterranean, Erhan said that Türkiye is taking “very enthusiastic” steps for searching hydrocarbon reserves in the area, recalling the recent shipment of the Abdulhamid Han, Türkiye’s fourth drill ship.

“If Türkiye will discover some reserves in the area, then it needs more international cooperation to sell this to the European markets. And most probably this cooperation may come from Israeli companies and the Western companies,” he continued.

Erhan said that both Israel and Türkiye would see an “extremely positive impact” on their economies, particularly amid the war in Ukraine, at a time the Western European energy supply is under threat.

“And in future, there would be another architecture of energy cooperation, which will be fostered by cooperation between Israel and Türkiye,” he said.

Asked about the other outcomes of the normalization process, Erhan recalled Israel’s improving relations with its Arab neighbors, except Syria, following the Abraham accords, and added that this would make Türkiye take more warmer steps in the region.

Erhan said that trade between Türkiye and Israel has never diminished, and even tripled in terms of volume.

“Therefore, the positive impact of trade relations will also make it easy to foster diplomatic relations,” he continued.

Türkiye’s support for Palestine

Both the Turkish president and the foreign minister have stressed that normalization with Israel would not diminish Türkiye’s support for the Palestinian cause.

Asked how the Israeli-Turkish rapprochement will benefit the Palestinians, Erhan said Palestine has always been” the number one beneficiary” from the cooperation between the two countries.

He said that Türkiye could play the role of “an honest broker” if it has good relations with Israel.

“I remember in 2008-2009, Türkiye was the country who brought the representatives from Palestinians and Israelis to negotiate about the possibilities for a peace process,” he said, adding that Palestinian President Mahmoud Abbas also underlined the importance of Turkish-Israeli dialogue during his visit to Ankara this week.

“Türkiye will remain as a country who will recognize Tel Aviv as the official capital of Israel, Türkiye will remain as the country who will recognize Eastern Jerusalem as the official capital of Palestinian state, and Türkiye will never recognize the occupation and annexation of both West Bank and Golan Heights,” Erhan said.

Normalization with other countries in the region

Besides Israel, Ankara appears to have been working on opening a new chapter in its relations with other countries in the region, including the United Arab Emirates, Egypt, Saudi Arabia, and Armenia.

Asked whether these efforts are part of a general policy stance by Türkiye to improve relations with its region or should they be seen separately on a more case-by-case basis, Erhan answered: “This is of course out of a general approach. But on the other hand we should accept that some conditions have dramatically changed to open new relations with some countries.”

For instance, he said the normalization process with Armenia would not have been possible if Azerbaijan had not liberated its lands in Karabakh from Armenian occupation.

Similarly, Israel’s softening its relations with its Arab neighbors also helped Türkiye open a new page in relations, according to Erhan.

“Therefore, it coincided with Türkiye’s new enthusiasm to create normalization with all of its neighbors and other countries, but also the conditions made it possible,” he said.

20 families from Aghavno and Berdzor settle in Armenia’s Syunik province

Emil Lazarian

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 10:01, 25 August 2022

YEREVAN, AUGUST 25, ARMENPRESS. The residents of Berdzor town, Aghavno and Sus villages of Artsakh’s Kashatagh region had until August 25 to leave their settlements as these settlements come under the control of Azerbaijan connected with the launch of a new corridor linking Artsakh to Armenia.

The residents of these settlements are taking out their last belongings from their homes, the cultural monuments are being evacuated.

Commenting on the settlement of these people, spokesperson to the Minister of Territorial Administration and Infrastructure of Artsakh, Viktoria Petrosyan, told ARMENPRESS that most of the residents of these settlements wished to settle in different settlements of Armenia. “The number of families settling in Artsakh is not clear yet. Certificates for evacuated families of acquiring apartments will be ready in late August. Accordingly, they will be settled in the settlements where they wish”, she said.

Many of the residents of Berdzor and Agavno have settled in Armenia’s Syunik province, others moved to the settlements where they have relatives. Armine Avagyan, assistant to the Governor of Syunik, said that 20 families from Berdzor and Aghavno expressed a wish to settle in the province. “The last family moved to the province yesterday. So far, the Governorate of Syunik assisted with cargo transportation and finding a shelter. They mostly settled in Goris and Sisian towns. Tomorrow, the staffers of the Governorate will visit these people to assess the needs and understand who has settled and how”, she said, adding that the Governorate will keep in its spotlight the issues of these families, by trying to give a respective solution.

Zara Manucharyan, spokesperson to the Minister of Labor and Social Affairs of Armenia, told ARMENPRESS that there are no concrete programs for Aghavno and Berdzor, but added that there is a mortgage program of state support for providing people displaced from different regions of Artsakh with apartment. “If they meet the criteria, they can apply, like other beneficiaries and can use the program”, she said.

Asked whether families from Aghavno and Berdzor have applied for settling in Yerevan, the Yerevan City Hall said that no one has applied to them on this matter.

 

Ani Danielyan

Van Novikov




Armenia names new Ambassador to Georgia

Emil Lazarian

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 10:35, 25 August 2022

YEREVAN, AUGUST 25, ARMENPRESS. Ashot Smbatyan has been appointed as Armenia’s new Ambassador to Georgia according to the decree of President Vahagn Khachaturyan.

According to another presidential decree, Ruben Sadoyan has been relieved from the position of Ambassador of Armenia to Georgia.

PM Pashinyan congratulates President of Uruguay on Independence Day

Emil Lazarian

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 11:13, 25 August 2022

YEREVAN, AUGUST 25, ARMENPRESS. Prime Minister Nikol Pashinyan sent a congratulatory message to the President of the Oriental Republic of Uruguay Luis Lacalle Pou on the occasion of the Independence Day, the Prime Minister’s Office said.

“Your Excellency,

On behalf of the Government of the Republic of Armenia, the Armenian people and personally myself, I warmly congratulate you on the Independence Day of the Oriental Republic of Uruguay.

I am confident that the historically friendly relations between our states and peoples will continue to develop and strengthen for the benefit of our peoples and our states.

I wish you productive working activity and energy, and peace and well-being to the friendly people of Uruguay.

Please accept, Your Excellency, the assurance of my highest consideration,” the Armenian PM said in the message.

President of Artsakh receives the delegation of National Academy of Sciences of Armenia

Emil Lazarian

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 12:06, 25 August 2022

YEREVAN, AUGUST 25, ARMENPRESS. President of the Artsakh Republic Arayik Harutyunyan received the delegation led by National Academy of Sciences of Armenia President Ashot Saghyan, the Artsakh presidency said in a press release.

Issues related to the development of education and science in Artsakh were on the discussion agenda.

The President expressed his satisfaction with the effective cooperation of the institutes of the highest scientific institution of Armenia with the Artsakh Scientific Center, emphasizing the pivotal role of scientific and educational progress in the development and strengthening of the Artsakh Republic.

Artsakh Republic Minister of Education, Science and Sports Anahit Hakobyan and other officials partook in the meeting.