Private investments grow 15% as government works to improve business environment – says economy minister

Save

Share

 13:15, 2 November, 2021

YEREVAN, NOVEMBER 2, ARMENPRESS. Minister of Economy Vahan Kerobyan says there’s been a 15% growth of private investments in the country compared to last year, but there are still issues in the sector and some investment projects face problems.

“Private investments grew, and in my opinion, comprise around 15% of the GDP compared to last year,” he said during a parliamentary committee discussion on the 2022 budget when asked about economic growth projections by Hayastan faction MP Artur Khachatryan.

He referred to the government’s plans to increase the share of investments against the GDP in the next 5 years.

“It would be wrong to say that our country is managing to smoothly absorb all investment projects,” he said.

“And we have many projects in both our investment support center and the economy ministry which face numerous obstacles. And making these investments reach their goal and at the same time correcting the legislative issues which were the reasons of these obstacles is part of our daily work,” the minister said, adding that there is a lot to be done in this regard.

Kerobyan said that there are some actions which don’t require funds, for example the improvement of the business environment. He said that the duties of one of his deputies are entirely directed at improving the business environment.

According to Kerobyan, one of the most important factors which should lead to the desired economic growth is the unprecedented volume of capital spending.

Addressing MP Khachatryan’s question to clarify how the ministry projected 7% growth and whether or not the Amulsar gold mine will be re-launched, Kerobyan said: “Even if all issues were to be solved at this moment, and the mine were to be re-launched, in best case scenario it would start working in 12 months. We are now waiting for the resolution of the criminal case to see the results. Further discussions on Amuslar will depend on it.”

Editing and Translating by Stepan Kocharyan

Central Bank of Armenia: exchange rates and prices of precious metals – 02-11-21

Save

Share

 17:23, 2 November, 2021

YEREVAN, 2 NOVEMBER, ARMENPRESS. The Central Bank of Armenia informs “Armenpress” that today, 2 November, USD exchange rate down by 0.24 drams to 477.21 drams. EUR exchange rate up by 1.25 drams to 553.42 drams. Russian Ruble exchange rate down by 0.10 drams to 6.64 drams. GBP exchange rate down by 1.19 drams to 650.91 drams.

The Central Bank has set the following prices for precious metals.

Gold price up by 364.55 drams to 27521.66 drams. Silver price down by 2.41 drams to 366.15 drams. Platinum price up by 790.03 drams to 16278.56 drams.

Armenian, Georgian defense ministers discuss cooperation programs

Save

Share

 17:30, 2 November, 2021

YEREVAN, NOVEMBER 2, ARMENPRESS. The delegation led by Minister of Defense of Georgia Juansher Burchuladze arrived in Armenia on a two-day official visit on November 2, the Armenian defense ministry said in a statement.

Defense Minister of Armenia Arshak Karapetyan and his Georgian counterpart firstly held a private meeting which was followed by an extended-format meeting attended by delegations.

Minister Arshak Karapetyan introduced the situation on the Armenian-Azerbaijani border to his Georgian counterpart.

During the meeting both sides emphasized the necessity of establishment of peace and sustainable development in the region.

The meeting participants discussed international and regional security-related issues, as well as the cooperation of Armenia and Georgia in the field of defense.

 

Editing and Translating by Aneta Harutyunyan

CivilNet: Pashinyan and Aliyev discussed new negotiation format, says Erdogan

CIVILNET.AM

02 Nov, 2021 10:11

  • Pashinyan and Aliyev have discussed a new negotiation format that would include Iran, Georgia, Russia, Turkey, says Turkey’s Erdoğan.
  • Armenian President Armen Sarkissian has met a number of state leaders at the climate conference in Glasgow.
  • Azerbaijan hands over the bodies of another 11 Armenian servicemen who died in the Second Karabakh War.

Credits: Ruptly

About 300 new apartments expected to be put into operation in Stepanakert by year’s end

News.am, Armenia
Nov 2 2021

STEPANAKERT. – Artsakh (Nagorno-Karabakh) President Arayik Harutyunyan on Tuesday got familiarized with the concluding construction of a residential district and an apartment building in the capital Stepanakert, the press service of the Artsakh President informed Armenian News-NEWS.am.

The head of state inquired from the heads of the construction companies about the deadlines of putting into operation, and stressed that providing housing to many families with various social statuses is on the Artsakh government’s agenda.

Also, he gave a number of instructions on the spot, ordered that all efforts be made to carry out the work with quality—and within the set timeframe.

Those in charge of urban development, in turn, assured the President that the newly constructed buildings, with about 300 apartments, shall be commissioned by the end of the year.

Armenian government plans 22% funding increase for National Security Service

Save

Share

 10:27, 1 November, 2021

YEREVAN, NOVEMBER 1, ARMENPRESS. The 2022 government budget envisages a 22% increase of the National Security Service’s budget.

“It’s been proposed to parliament to allocate 42 billion 669 million drams by the state budget draft to the National Security Service for 2022, which is 22,85% more than the 2021 approved budget,” finance minister Tigran Khachatryan said at a joint meeting of the parliamentary committees on defense and security affairs and financial-credit and budgetary affairs.

Khachatryan said that the NSS received 34 billion 733 million drams funding in 2021.

Editing and Translating by Stepan Kocharyan

COVID-19: Armenian health authorities report 1071 new cases, 51 deaths

Save

Share

 11:11, 1 November, 2021

YEREVAN, NOVEMBER 1, ARMENPRESS. 1071 new cases of COVID-19 were recorded over the last 24 hours, bringing the cumulative total number of confirmed cases to 309,397, the Armenian healthcare ministry said Monday.

12,835 tests were administered.

51 patients died, bringing the death toll to 6379. This number doesn’t include the deaths of 1299 other individuals infected with the virus who succumbed to co-morbidities.

The total number of recoveries reached 270,741 (1641 in the last 24 hours).

As of November 1, the number of active cases stood at 30,978.

Editing and Translating by Stepan Kocharyan

Vardges Samsonyan elected Mayor of Gyumri

Save

Share

 13:08, 1 November, 2021

GYUMRI, NOVEMBER 1, ARMENPRESS. The Gyumri City Council elected Vardges Samsonyan from the Balasanyan alliance as the new mayor of the second largest city of Armenia.

[see video]
Samsonyan’s candidacy was approved with 24-8 votes, with backing from Balasanyan alliance and the Civil Contract factions of the city council.

The HHK, Zartonk and Aprelu Yerkir factions voted down his candidacy.

Reporting by Armenuhi Mkhoyan

Editing and Translating by Stepan Kocharyan

Armenian, Iranian General Prosecutors reach agreement on jointly withstanding new challenges

Save

Share

 21:44, 1 November, 2021

YEREVAN, NOVEMBER 1, ARMENPRESS. The Prosecutors General of Armenia and Iran, recording the achievements, have reached agreements to jointly withstand new challenges, ARMENPRESS reports the Prosecutor General of the Republic of Armenia Arthur Davtyan said in an interview with the Public TV, referring to the recent visit of the Prosecutor General of Iran Mohammad Jafar Montazeri to Armenia.

“Among these agreements, I attach great importance to the joint will to clear the region from terrorists, to the need to fully implement the legal mechanisms, about which he, my Iranian counterpart, spoke very clearly. Back in the first days of the war, when we already received the first factual information about the presence of mercenary terrorists in the region, especially in the southern part of Artsakh, taking into account also our partnering relations, I informed my colleague about it, because it was the border area with Iran. There were reasonable doubts and risks that the terrorists recognized no borders, there could be any movement. This was appreciated by my colleague, and the necessary preventive measures were taken. Today, they also have clear facts about the activities of terrorists in the region and the area I mentioned, and their existence today, and the need to fight against this evil through joint legal mechanisms was recorded”, Davtyan said.

The EU and Armenia, partners in reform?

Nov 1 2021

Recent promises of multi-billion-euro investments in Armenia by the European Union signal a deepening relationship between Yerevan and Brussels and renewed EU confidence in the legacy of the 2018 Armenian revolution.  

This summer, the European Union announced that it was allocating a €2.6 billion aid package for Armenia over the next five to seven years it is the single largest aid package given to Armenia by the European Union. 

The announcement, delivered on 9 July by EU Commissioner for Neighborhood and Enlargement Oliver Varhelyi during a visit to Yerevan on 9 July also includes a promise that the package may grow to €3.1 billion. 

According to diplomats, the new funds appear to be an endorsement by Brussels of the landslide victory by incumbent Prime Minister Nikol Pashinyan in the snap parliamentary elections this past June and are a reward for Armenia’s ‘reform agenda’ following the 2018 revolution. 

The funding also comes hot on the heels of the Armenia-European Union Comprehensive and Enhanced Partnership Agreement (CEPA), which came into force on 1 March. The agreement contains clauses on deepening cooperation between Armenia and the EU on institutional reform, economic investment, and the lifting of tariffs on the export and import of goods between Armenia and the 27 member bloc. 

One of the reasons for the EU increasing the amount of the aid package was seen to be the Pashinyan government’s victory over Armenia’s pre-revolutionary authorities in the snap elections.

The €2.6 billion package was decided on ‘based on past achievements’, Andrea Wiktorin, the Ambassador of the European Union to Armenia told OC Media. ‘At the same time it will, in the end, depend on the maturity of projects and how quickly we can implement the flagships’. The EU identifies ‘flagships’ or ‘ as ‘concrete priority projects with tangible results that have been identified jointly with the partner countries’. 

In the case of Armenia, flagships include direct economic support for up to 30,000 small and medium enterprises; up to €600 million investment for a north-south transport corridor; up to €300 million in loans and grants for Armenia’s tech sector; up to €80 million in economic and infrastructure investment in the southern Syunik province to develop ‘resilience’; and up to €120 million in investments for a more ‘energy efficient’ Yerevan, including the modernisation of public transport in the capital.  

Wiktorin said that the EU ‘took good note’ of the OSCE observer assessment of the snap parliamentary elections in June that ‘stated that the elections were competitive and generally well-managed within a short timeframe’. She added that the EU also supports Armenia’s ‘strong commitment to further pursue its reform agenda’. 

Lithuanian Ambassador to Armenia, Inga Stanytė-Toločkienė also praised the snap elections as ‘proof of Armenian people’s trust in democracy as well as ‘proof of a resilience of democracy in Armenia’. 

She says that, in addition to the assistance package and the implementation of the CEPA agreement, ‘another direction Lithuania would enthusiastically support is related to further progress towards visa liberalisation’. 

‘The time has come to launch the visa dialogue with Armenia’, she said, with the added caveat that ‘there is a need to ensure consensus among all the Member States’. 

Lithuanian Member of European Parliament Rasa Juknevičienė told OC Media that for EU-Armenia cooperation to truly flourish, Armenia must first ‘overcome the war legacy, however painful’ and ‘focus fully on social and economic development’. 

Marina von Cramon, a German Member of the European Parliament, told OC Media that the EU ‘can be more involved’ in the resolution of the Nagorno-Karabakh Conflict.  

One avenue for further EU involvement, according to von Cramon, would be if the 27-member bloc replaced France as a co-chair of the OSCE Minsk group. The current co-chairs of the group, which has been tasked with helping resolve the Nagorno-Karabakh conflict, are France, Russia, and the United States. 

At the same time, von Cramon said she sees ‘a reluctance of some of the EU leaders to act and to see themselves as a political player’.

‘War is never a good solution. I recognise efforts by Russia in negotiating a ceasefire but that is not a long-term solution’, Estonian MEP and the Chair of the EU’s South Caucasus Delegation, Marina Kaljurand, told OC Media.

Kaljurand said she urges Armenia and Azerbaijan to come to the ‘negotiating table under the auspices of the OSCE Minsk Group to find a peaceful and negotiated solution to the Nagorno-Karabakh conflict’. 

‘The people of Armenia and Azerbaijan deserve peace and prosperity’, she said.

With its deployment of 2000 peacekeepers to Nagorno-Karabakh, Russia has been seen by many observers as a ‘winner’ of the Second Nagorno-Karabakh War. The EU, meanwhile, is seen as one of the ‘losers’, with its influence vis a vis Russia, decreasing.

Russia has also been increasingly active in Armenia. From announcements that it will build new metro stations in Yerevan, to the first-ever opening of a diocese of the Russian Orthodox Church in Armenia, to the practical fact of the Russian FSB overseeing much of Armenia’s borders.  

According to Marina von Cramon, growing Russian influence in the South Caucasus is primarily based on military ‘boots on the ground’ but not on a ‘commitment to conflict resolution’. Especially when the increase in Turkish influence in Azerbaijan is also considered, ‘it’s becoming hard for the EU to have political influence’, von Cramon said. 

At the same time, she said, the role of the European Union in the region is fundamentally different to that of Russia. The EU does not seek to make Armenia or any other country in the region ‘dependent’ on the EU ‘as Russia is doing and has done in the past’. 

Lithuanian Member of European Parliament Rasa Juknevičienė, meanwhile, told OC Media she does not see the end of the Karabakh war ‘as a win for Russia, as some may argue’ — especially when considering Armenia’s military cooperation with Russia, and the role Turkey played in Azerbaijan’s victory. 

‘Russia’s monopoly of geopolitical influence in the region has actually weakened as Turkey entered the scene. I do not think that it was a wise decision [by Armenia] to rely on Russia entirely from the very beginning’, Juknevičienė told OC Media, adding that it was Armenia’s sovereign decision, ‘but a hard way to learn later that Putin’s Russia is not a security guarantor to be trusted’.

When asked about Russia’s role in the region, Lithuanian Ambassador to Armenia Inga Stanytė-Toločkienė was firm in her comment that ‘the resolution of the conflict needs to be “re-internationalised”’. 

‘There’s nothing healthy for smaller countries in the monopoly, or deals over their heads, by bigger regional powers’, Stanytė-Toločkienė said. ‘We would wish to see such concepts as “spheres of influence” firmly buried in the past’. 

Despite Russia’s inroads in the country, Stanytė-Toločkienė says that the EU remains Armenia’s key ‘reform partner’. As for the EU’s role in the resolution of the Nagorno-Karabakh conflict, that depends on the ‘extent Russia will feel it is in its interests to guard the monopoly it has created after the second Nagorno Karabakh War’.

Andrea Wiktorin told OC Media that Armenia does not necessarily have to choose between looking north and looking west.  CEPA for instance, she said is ‘fully compatible’ with Armenia’s membership in the Russia-led Eurasian Economic Union trade bloc.

‘The Eastern partners have a full, sovereign right to shape the breadth and depth of their relations with the EU and other international players freely’, Wiktorin said.

https://oc-media.org/features/the-eu-and-armenia-partners-in-reform/