HSBC sells Armenian unit to Ardshinbank CJSC

NASDAQ
Feb 6 2024

LONDON, Feb 6 (Reuters) - HSBC HSBA.L has agreed to sell its Armenian unit to Ardshinbank CJSC, subject to regulatory approvals, the latest in a series of disposals of non-core businesses aimed at tightening the lender's global footprint.

In a statement on Tuesday, HSBC said the deal reflected its broader strategy to redeploy capital from "less strategic businesses to higher-growth opportunities globally".

A spokesperson for the bank said terms of the transaction would not be disclosed.

All HSBC Armenia staff and customer relationships will transfer to Ardshinbank at completion of the deal, which is expected within the next 12 months, HSBC said.

Last May Reuters exclusively reported that HSBC was reviewing a possible exit from as many as a dozen countries, following earlier announcements to sell off parts or all of its activities in France, Canada, Russia and Greece.

HSBC completed the sale of its French retail business to CCF, a subsidary of My Money Group on January 1. Canada approved the sale of the bank's Canadian unit to Royal Bank of Canada RY.TO in late December.

(Reporting By Sinead Cruise, editing by Karin Strohecker)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/hsbc-sells-armenian-unit-to-ardshinbank-cjsc

Armenia and Azerbaijan slow motion negotiations

Feb 5 2024
05/02/2024 -  Onnik James Krikorian

With no agreement to normalise relations between Armenia and Azerbaijan coming as anticipated by the end of last year, talks between the two countries resumed at the end of January with another meeting of the border commissions. Their last meeting was held on the border at the end of November. Unlike previous meetings between the two commissions, however, statements issued afterwards did not detail what was discussed and there was no mention of when they would next meet.

Border demarcation and the unblocking of economic and transport communications are now considered the main stumbling block to an agreement. However, though a rare joint declaration offered a glimpse of hope, the two foreign ministers are still yet to meet again since Baku canceled one scheduled for Washington D.C. on 20 November. Armenia still favours negotiations hosted by the United States or European Union while Azerbaijan believes they should be held bilaterally in the region.

Since then, Armenia had also accused Azerbaijan of “regression” as the sides exchange draft versions of a proposed agreement while Baku charges that Yerevan is delaying the process and playing for time. Baku has also reversed its position on restoring Azerbaijan’s rail and road former connection to its exclave of Nakhchivan. In October, it announced that the route could pass through Iran but in early January it again demanded that it transit via Armenia as originally intended.

Various Armenian officials, however, still accuse Azerbaijan of planning to carve the route out by force if it is not resolved through negotiations. This was enough to push High Representative of the European Union for Foreign Affairs and Security Policy Joseph Borrell to warn of ‘severe consequences’ if a military incursion were to occur. He also urged Azerbaijan to return to EU-brokered talks which it refused to attend in October. In parallel, Russia called on Yerevan to return to talks mediated by Moscow.

But while some of the Armenian government’s key ministers sounded downbeat on the possibility of finalising a lasting peace with Azerbaijan, Prime Minister Pashinyan nonetheless said on 17 January that he was still optimistic one was in reach. However, on the occasion of Army Day on 28 January, Pashinyan announced that Armenia was ready to sign an arms limitation and non-aggression pact with Azerbaijan if it looked likely that any agreement was further delayed.

Baku has rejected such calls, with President Ilham Aliyev saying on 1 February that there was now “already de facto peace between Azerbaijan and Armenia and peaceful conditions have been prevailing on the border of the two countries for several months.” He further stated that “in order to bring this process to a logical end, a peace treaty must be signed and Armenia's territorial claims against Azerbaijan must be ended.”

In Armenia, such claims have been interpreted as reason for Pashinyan's comments on 19 January stating that Armenia needed a new constitution. Baku increasingly calls for guarantees that Yerevan will not claim land in the future given a controversial preamble to the existing constitution that makes reference to the 1990 Declaration of Independence. In it, territorial claims on Karabakh and even Turkiye are contained within, something Pashinyan hinted at last August.

A “confrontational narrative [has] kept […] Armenia in conflict with its neighbours,” he acknowledged. Pashinyan has also raised the issue of the symbolism on the existing national coat of arms which includes Mount Ararat, a common Armenian symbol though situated in neighbouring Turkiye.

The government nonetheless denies allegations that talk of constitutional change is the result of pressure from Azerbaijan and possibly Turkiye. Officials, however, do admit that Azerbaijan has raised the issue and that it was likely to be discussed. Constitutional changes after Pashinyan rose to power through street protests in 2018 were anyway on the cards given that they were postponed during the coronavirus pandemic in 2020.

With his ratings continually dropping since the 2020 war with Azerbaijan, Pashinyan has also mentioned that a new constitution should allow minority governments to come to power, leading some to speculate that a referendum would enable him to retain the premiership in elections currently scheduled for 2026. According to some analysts, the poor showing of his Civil Contract party in last year’s municipal elections in Yerevan is said to have shaken confidence of an outright win.

https://www.balcanicaucaso.org/eng/Areas/Armenia/Armenia-and-Azerbaijan-slow-motion-negotiations-229706

Fremont Gold Announces Soil Geochemistry Results from Urasar Mineral District, Armenia

Feb 5 2024

Vancouver, British Columbia–(Newsfile Corp. – February 5, 2024) - Fremont Gold Ltd. (TSXV: FRE) (OTCQB: FRERF) (FSE: FR20) ("Fremont" or the "Company") is pleased to announce the results of the geochemical soil sample survey undertaken at its Urasar property in northern Armenia.

Urasar geochemical soil sample results

The Company collected a total of 744 C-horizon soil samples across the Urasar Mineral District in November and December 2023.

Urasar was last worked by Soviet government teams in the 1950s and 1960s, resulting in the identification of three mineralized zones and four geochemically anomalous zones along a 14 km strike length.

Gold fire assay and multi-element geochemical results from Fremont's recent soil sampling survey display continuous gold-copper/base metal anomalies hosted in an east-west structure 1.2km wide over a 15 km strike length, as shown in the figures presented below. Gold values ranged up to 449 ppb with a mean of 142 ppb.

The copper anomalies generally mimic the gold anomalies but display a tighter distribution comprising three distinct populations, consistent with the earlier Soviet work. A continuous, robust copper anomaly greater than 5 km in length is evident in the western portion of the project area, congruent with the largest and strongest gold anomaly. At the far eastern end of the license, the gold geochemistry is comparatively weak while the copper anomaly is quite coherent and robust. Copper values ranged up to 497ppm with a mean of 233 ppm.

Anomalous arsenic soil geochemistry generally reflects the same distribution as the gold geochemistry but is well developed on the eastern end of the 5-km long Cu-Au anomaly in the western part of the project.

Initial spatial analysis of the anomalies suggests a continuous mineralized structure over 1 km wide, offset by post-mineral north or northeast-trending faults in step-wise fashion. The disposition of the anomalies suggests a southward displacement of about 1 km between the first and second anomalies, and approximately 2 kms displacement between the second and third anomalies. This distribution is most easily observed in the copper geochemistry image above.

Fremont's President and CEO, Dennis Moore states, "These soil geochemical results support management's belief that Urasar is a well-endowed mineral district with at least three en echelon mineralized zones. These east-west striking zones are six, four and three kilometers in length with minimum widths of approximately 1.2 kilometers. Detailed geological mapping and trenching are planned for the spring, with diamond drilling following in the summer. We are very excited about these results and believe we are on the cusp of a significant new discovery."

About Fremont Gold

Fremont's mine-finding management team has assembled a portfolio of potential world-class copper-gold mineral opportunities within the central Tethyan belt of Armenia, and controls two advanced gold exploration projects in Nevada.

Qualified person

The content of this news release was reviewed by Dennis Moore, Fremont's President, CEO and interim Chairman, a qualified person as defined by National Instrument 43-101.

On behalf of the Board of Directors,

Dennis Moore

President and CEO, interim Chairman

For further information, contact:

Telephone: +351 9250 62196
www.fremontgold.net
https://twitter.com/GoldFremont
https://www.linkedin.com/company/fremont-gold/

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2165-tsx-venture/fre/155405-fremont-announces-soil-geochemistry-results-from-urasar-mineral-district-armenia.html

Kazakh president accepts government’s resignation

 16:28, 5 February 2024

YEREVAN, FEBRUARY 5, ARMENPRESS. Kazakhstan’s President Kassym-Jomart Tokayev accepted the government's resignation on Monday, his office said in a statement, naming Deputy Prime Minister Roman Sklyar as acting prime minister, replacing Alikhan Smailov.

The government members are to remain in temporary charge until new appointments are made, according to Kazinform news agency.

No reason for the move was given.

Smailov has been Kazakh prime minister since January 2022.

Yerevan Mayor vows to support victims of suburbs blast

 16:47, 5 February 2024

YEREVAN, FEBRUARY 5, ARMENPRESS. Yerevan Mayor Tigran Avinyan has vowed to support the families affected in the February 5 explosion in the city’s Erebuni district.

In a statement released on social media, Mayor Avinyan expressed condolences to the families of those who died in the blast.

“I express deep condolences to the families of the victims and I wish speedy recovery to those injured,” he said. “I hope that the investigation will give answers to all questions. I assure you that the city, within its powers, will stand by these families.”

Two houses collapsed in an explosion at 34 Nor Aresh Street in Erebuni district on Monday morning. As of 17:00, rescuers pulled from the rubble two bodies and two survivors. The two survivors are hospitalized. 

A  is underway.

https://armenpress.am/eng/news/1129585.html?fbclid=IwAR11YxcJTGya0E7pyEQ1SbSBYhXxaKW6ZutdPjIOAoZCLof6GhgL8L1imOs

AW: SAS announces Best Conference Paper Awards

The Society for Armenian Studies (SAS) recently announced the recipients of its 2023 Best Conference Paper Award: Daniel Ohanian, for his conference paper on the autobiography of Awetikʿ Tʿōkhatʿetsʿi, and Lori Pirinjian, for her conference paper on domestic violence in post-Soviet Armenia. Each of the winning recipients was awarded a $1,000 grant by the Society. 

Daniel Ohanian’s conference paper titled, “An Autobiography Written in Captivity: Awetikʿ Tʿōkhatʿetsʿi’s Account of His Own Life, c. 1657–1710,” focuses on the autobiography of Awetikʿ within the general scholarship of early modern captivity narratives. Ohanian analyzes four aspects of the autobiography: cross-cultural contact, self-fashioning, authorship and readership.

Ohanian is a doctoral candidate in the Department of History at the University of California, Los Angeles (UCLA). He holds a B.A. and M.A. from York University in Canada and an M.A. from Istanbul Bilgi University in Turkey. A specialist in Ottoman-Armenian history from 1660 to 1930, he has published articles in the Journal of the Ottoman and Turkish Studies AssociationGenocide Studies International and Turcica: Revue d’études turques. Ohanian’s conference paper grew out of his dissertation research, which focuses on the spread of Roman Catholicism among Ottoman Armenians around 1700. His paper was presented as part of the SAS-sponsored panel (at the 2021 MESA annual meeting) “Early Modern Mobilities: People, Animals, and Objects within and beyond the Ottoman Empire.”

Lori Pirinjian’s conference paper titled “From Anti-Genderism to Law: An Analysis of Domestic Violence in Post-Soviet Armenia” addresses issues with the law entitled “On the Prevention of Family Violence, Protection of Persons Subjected to Family Violence, and the Restoration of Family Cohesion” that the government of the Republic of Armenia recently passed. What was initially presented by Armenia’s Coalition to Stop Violence Against Women to the Armenian Parliament quickly developed into a law primarily concerned with the preservation of patriarchal values under the auspices of the maintenance of traditional Armenian family structure.

Pirinjian is a doctoral candidate in Armenian Studies in the Department of Near Eastern Languages & Cultures at UCLA. She holds a B.A. in Spanish and Latin American Studies from the University of San Francisco and an M.A. in Anthropology from San Francisco State University. Pirinjian’s research at UCLA, as well as the topic of this conference paper, centers on Armenia’s 2017 Domestic Violence law.

SAS President Christina Maranci congratulated both awardees: “We are proud to fund such excellent graduate students. The nature and the depth of their work demonstrate the multi-disciplinary aspect of Armenian Studies as a field of inquiry. I would like to encourage all those who are interested in the activities of SAS to join us in supporting such promising young scholars.”

The Society of Armenian Studies is an international body composed of scholars and students whose aims are to promote the study of Armenian culture and society, including history, language, literature and social, political and economic questions; to facilitate the exchange of scholarly information pertaining to Armenian studies around the world; and to sponsor panels and conferences on Armenian studies. 

The Society of Armenian Studies would like to thank the Best Conference Paper Committee for reviewing all the submissions and selecting the winning papers.

The SAS Best Conference Paper Award was made possible through the generous institutional support of the Armenian Studies Program, University of Michigan, Ann Arbor; the Meghrouni Family Presidential Chair in Armenian Studies, University of California, Irvine; the Hovannisian Chair of Modern Armenian History, University of California, Los Angeles; the Arthur H. Dadian and Ara Oztemel Chair of Armenian Art & Architecture, Tufts University; the National Association for Armenian Studies and Research (NAASR); the Armenian Communities Department, Gulbenkian Foundation; the Armenian Studies Program, California State University, Fresno; the Institute of Armenian Studies, University of Southern California; AGBU Nubar Library, Paris; the Krikor and Clara Zohrab Information Center; and the UCLA Promise Armenian Institute. 

If you are interested in contributing to support the SAS award and grant funds, please contact Prof. Christina Maranci at [email protected].

The Society for Armenian Studies is an international body, composed of scholars and students, whose aims are to promote the study of Armenian culture and society, including history, language, literature and social, political and economic questions; to facilitate the exchange of scholarly information pertaining to Armenian studies around the world; and to sponsor panels and conferences on Armenian studies.


EU considers situation in Middle East critical after US strikes — foreign policy chief

 12:51, 3 February 2024

YEREVAN, FEBRUARY 3, ARMENPRESS. The European Union assesses the situation in the Middle East as critical after the US strikes on Syria and Iraq, fears it will get out of control and calls for de-escalation, EU foreign policy chief Josep Borrell said upon arrival at an informal meeting of EU foreign ministers.

"We have been repeating once and again that the Middle East is a boiler that can explode," Borrel told reporters. "We call on everybody to try to avoid an escalation. We are living in a critical situation in the Middle East, in the entire region," he emphasized.

Representatives of military academies from Armenia and France discuss cooperation issues

 11:10, 3 February 2024

YEREVAN, FEBRUARY 3, ARMENPRESS. On February 2, representatives from the leadership of the Saint-Cyr Military Academy of the Armed Forces of the Republic of France conducted a visit to the Military Academy named after Vazgen Sargsyan, under the Ministry of Defence of the Republic of Armenia.

Armen Khachatryan, Deputy Chairman of the Standing Committee on Defence and Security of the National Assembly, was also in attendance during the meeting, the Armenian Ministry of Defence said in a press release.

The guests had the opportunity to tour the academy premises, gaining familiarity with the facilities, available opportunities, and the curriculum. Detailed presentations were made to them regarding the structure, activities, and educational programs of the academy. Discussions were held on matters related to the interaction and cooperation between the two academies.

Furthermore, on the same day, in the presence of Armenian Deputy Minister of Defence Arman Sargsyan and the Ambassador Extraordinary and Plenipotentiary of the French Republic to Armenia, Olivier Decotigny, a modernly equipped French classroom was inaugurated at the academy.

The symbolic act of cutting the red ribbon was performed jointly by a French cadet studying in Armenia and an Armenian cadet set to pursue studies in France, exemplifying the cooperative ties between the two academies.




Armenia’s trade turnover with EEU states grew 39% – PM

 16:00, 2 February 2024

YEREVAN, FEBRUARY 2, ARMENPRESS. Armenia’s trade turnover with fellow EEU member states in 2023 grew 39% compared to 2022 and comprised around $7,8 billion dollars, Prime Minister Nikol Pashinyan said at the EEU meeting in Kazakhstan.

“Exports grew 40,8% and imports grew 37,5%. At this stage we should view the strengthening of industrial cooperative, creation of new business ties, establishment of transnational digital services trade and data exchange among the priorities of the EEU,” Pashinyan said in his remarks.

Armenia holds the EEU presidency for 2024.

PM Pashinyan on February 2 arrived in Kazakhstan to chair the EEU prime ministerial meeting.

Israel turns focus of Gaza attack to Rafah as Hamas weighs ceasefire proposal – Reuters

 10:11, 2 February 2024

YEREVAN, FEBRUARY 2, ARMENPRESS. Israel prepared Thursday to advance its war on Gaza farther south, close to the Egyptian border, after claiming to have dismantled Hamas in Khan Younis, as diplomatic efforts in pursuit of a ceasefire accelerated, Reuters reports.

Reuters cited Defense Minister Yoav Gallant as saying that success in the fight against the Palestinian militants in the southern Gaza city of Khan Younis, where Israel launched a major ground attack last week, meant its forces could advance to Rafah on the enclave's southern border.

More than half of Gaza's 2.3 million people are sheltering in this area, mainly cold and hungry in makeshift tents and public buildings.

"We are achieving our missions in Khan Younis, and we will also reach Rafah and eliminate terror elements that threaten us," Gallant said in a statement.

At the same time, Qatari and Egyptian mediators hoped for a positive response from Hamas, which runs Gaza, to the first concrete proposal for an extended halt to fighting, agreed with Israel and the U.S. at talks in Paris last week.

A Palestinian official close to the negotiations told Reuters the text envisages a first phase of 40 days, during which fighting would cease while Hamas freed remaining civilians among the more than 100 hostages it still holds. Further phases would see the handover of Israeli soldiers and bodies of dead hostages.

Health officials in the enclave said on Thursday the confirmed Palestinian death toll had risen above 27,000, with thousands more dead still lying under the rubble.