The Armenian Weekly; March 22, 2008; Community

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The Armenian Weekly; Volume 74, No. 11; March 22, 2008

Community:

1. The Weekly Expands Events Coverage

2. Aslanian Lectures on Julfan Merchant Trust
By Andy Turpin

3. Kalayjian on Intergenerational Transmission of Mass Trauma
By Andy Turpin

4. ‘The Wall of the Genocide’ Wins Telly Award

***

1. The Weekly Expands Events Coverage

The Armenian Weekly will now allocate more pages to covering community
events in order to provide our readership with extensive news from across
the Eastern United States in a timely manner. Pages 4 to 7 will be devoted
to covering specific events; pages 12 to13 will list upcoming events; and
page 14 will include birth announcements, weddings and obituaries.
————————————– —————————————

2. Aslanian Lectures on Julfan Merchant Trust
By Andy Turpin

BELMONT, Mass. (A.W.)-On March 13, Dr. Sebouh Aslanian, visiting assistant
professor of history at Whitman College in Washington, spoke at NAASR on
"Merchant Communities of the Indian Ocean: Honor, Trust and Reputation Among
Julfan Armenians."

Aslanian studies the role of trust and cooperation in the Early Modern
period (17th-18th centuries) of long-distance trade by focusing on the
Armenian merchants of New Julfa and Isfahan during the Safavid Empire of
Iran.

Aslanian was born and raised in Ethiopia and was educated at McGill
University in Montreal, the Graduate Faculty of the New School for Social
Research in New York, and Columbia University, where he received a PhD in
2007. His dissertation, "From the Indian Ocean to the Mediterranean:
Circulation and the Global Trade Network of Armenian Merchants from New
Julfa, Isfahan, 1605-1747," was selected as the best dissertation in the
humanities at Columbia in 2007.

He is currently writing a book with his wife, Dr. Houri Berberian, on the
trans-imperial activities of the Venetian-Armenian family the
Scerimans/Shahrimanians, originally from New Julfa.

The Merchant of Julfa

"What interests me in general is that the Julfan Armenian community was the
only Eurasian community of the Early Modern period whose merchants operated
in all the land and sea based empires of the world," Aslanian began.

"They were very active in the Russian empire and the three major Islamic
‘gunpowder’ empires of the world at the time: the Persian Empire, the Mughal
Empire and the Ottoman Empire."

Aslanian stated, "The second element is that out of all the Eurasian
commercial communities, they are the ones to have left us historians a very
rich paper trail to follow, in excess of over 200,000 primary source
documents. This makes them incredibly unique. My colleagues are all very
jealous because other communities, other cultures, did not leave such
records."

"Julfa dominated the [silk] market for 200-300 years of their history. It
used to be a backwater until the Safavid silk empire spread to the region.
It then became incredibly important, the way petroleum has become important
to communities in the past century. The Julfans went on to create this
amazing trade empire from London and Amsterdam, to Manilla, to Mexico and
Acapulco-all within 50 years of being forcibly relocated to New Julfa from
Old Julfa, near today’s Iranian-Azerbaijani border, by Shah Abas."

He noted that the Julfans were given a great deal of autonomy and that they
governed themselves.

Aslanian recounted, "In 1619 the Julfans won the right to sell Iranian silk
at a state auction bid. They were granted a quasi-monopoly on the selling of
silk to Europe over very zealous European merchants."

Showing pictures on his PowerPoint presentation of the distinct Julfan
churches and cathedrals (which have an onioned or mosque-like dome rather
than the traditional Armenian conical roof), Aslanian stated, "The
Islamicate look is an important part of Julfan culture."

On a graphic map, he pointed out the various ports and trade route cities
where Julfan Armenians had established colonies, churches and business
dealings. He noted that many of them were the result of the severity of
monsoon zones around the Indian Ocean. "Wind direction is a very important
factor as to why some communities got built and others did not," he
explained.

Aslanian added, "In the 18th century, London and Cadiz, Spain (‘the gateway
to the Americas’), Marseille and Amsterdam also became important Julfan
centers."

Explaining the dynamics of the Julfans, Aslanian said, "Surrounding the
nodal center in a trade network, there are sub-nodes [churches, colonies,
etc.] all of which contribute to circulation" of information and capital.

He noted, "All merchants were men in this period. Women could lend capital,
but did not circulate. Priests were sent to colonies and sub-nodes to
maintain culture, spread information about defrauders in instances, and
collect taxes from churches in the Indian Ocean. The economic factor is
always important."

Speaking to the importance of gossip in commercial dealings, Aslanian said,
"Some merchants wrote up to 20,000 letters of commercial correspondence. The
language they use is a peculiar mercantile ‘Julfa dialect’ that only a
handful of people can read-though the characters are in Armenian."

He noted that the dialect is 60 percent Persian, 20 percent Turkish, 10
percent Armenian and 10 percent Hindu, Italian and Tibetan.

Trust

Turning his discussion to the nature of trust, Aslanian explained that in
the context of the 16th-18th century, where there are no international
agencies to ensure trust, the structures established to ensure honesty are
crucial.

He continued, "The Julfan operation acted essentially as a coalition. Think
of it like a gentlemen’s club with strict rules and codes of conduct. You
also had to demonstrate you had direct lineage going back to ‘Old Julfa’ and
they did not mingle with other Armenians when they traveled."

He explained that one had to abide by the very strict codes of conduct
dictated by Julfan law. "You could never defraud a fellow Julfan merchant
and you had to contract work exclusively with other Julfans."

Trust was also based on an individual’s past behavior, he said. "In this
way, merchants were always very rational and acted accordingly to ensure
long-term gains and not short-term profits."

Aslanian explained how the Julfans maintained their system, stating, "There
could be corporal punishment for defrauding offenders. People found out
about dishonest behavior through merchant correspondence and gossip gathered
in India and Manila."

He said of its efficiency, "In the time it took information to travel in
that period (four months), you can bet that the first letter received would
be a letter about someone’s cheating behavior."

Aslanian read a quote from a merchant’s letter saying of the possibility of
being "blotted out" from the community, "I would rather choose to die than
be ‘blotted off’ the list of Julfa merchants."

He detailed that for major mercantile disputes, an assembly of merchants
existed as a semi-formal regulatory council. Aslanian explained, "Twenty to
thirty very wealthy Julfan merchants provided mediation to Julfan disputes,
under the autonomy of the Safavid authority. There were also informal
community courts in every network place. If the offender fled their
punishment, shame tactics would be directed at their family wherever they
resided."

Q&A

During the question and answer session, it was asked how trust bonds and
information networks were maintained when widespread robbery and brigandage
occurred.

Aslanian answered, "Most Julfan merchants wrote at least six copies of each
letter to send through different networks, thus increasing the chance of it
being received. In case of robbery, most transactions long-distance were
enacted using letters of credit" in place of hard coinage.

Tightlipped and insular as Julfan culture was, it was not martial based.
Quite the contrary, he explained, "the Julfans had to rely on techniques of
survival and prosperity to compete with the militarized other merchants such
as the British and Dutch East India Companies."

He added that solidarity is also universally a form of economics, in that
"if you reduce ‘transaction costs [those of legal suits brought by merchants
against each other], you reduce overall community profit-loss."

This consensus factor also curtailed merchant growth, Aslanian detailed.
"You could not exceed 2,000 merchants in all cities worldwide at any given
time and maintain solidarity based upon Julfa’s population of 30,000."

In 1747, the Julfans’ economic backs were broken and the network collapsed,
although isolated merchants maintained their status into the early 19th
century.

Asked whether the Julfan model was related to any other, or later simulated,
Aslanian replied, "I don’t know that honestly. The community that comes
closest to the model is that of the Maghribi Jews [of North Africa]."

The Jews were the dominant merchant class in Iberia until their expulsion to
the Maghrib in 1492.
——————————————– ————————

3. Kalayjian on Intergenerational Transmission of Mass Trauma
By Andy Turpin

WATERTOWN, Mass. (A.W.)-On March 14, Dr. Ani Kalayjian, adjunct professor of
psychology at Fordham University, spoke at ALMA on the after-effects of
genocide and the therapeutic modalities she has utilized to deal with this
form of "Intergenerational Transmission of Mass Trauma" that was the title
of her lecture. She also discussed the physical, psychosocial and spiritual
impact of the Armenian genocide on the offspring of survivors.

Kalayjian explained that among survivors of all genocides and mass trauma,
"Insecure attachments create relational problems. If you don’t resolve your
feelings, the trauma is transmitted to the next generation, not unlike a
physical disease like diabetes."

In this way, as opposed to the survivor disregarding their own mental health
ailments for the sake of their family or community, taking steps towards one’s
self-care and recovery in fact benefits the family and community more in the
long-term by not transmitting the trauma to further generations.

In comparison, this rationale is similar to the safety procedure on an
airplane of a parent placing an oxygen mask on themselves first, instead of
their child, to allow for greater maneuverability to take control of the
problem’s solution rather than self-sacrifice.

Kalayjian diagramed that people’s communities and social support systems are
dictated by their family, religious groups and affiliations, social
organizations belonged to, and involvements in service to others.

She explained that in relation and interaction to these groups, "Trauma
leads to self-focus, fear, over-protectiveness, distrust, guilt, anger,
helplessness, insecurity, sadness, rejection, abandonment, suspiciousness,
etc."

Kalayjian continued, "Trauma freezes time and gets trapped in the brain, as
well as in the cells." This fact has been demonstrated since the Victorian
age with Freud’s 1892 "burnt pudding" experiment that related traumatic
experience to subconscious olfactory and kinetic memory alongside conscious
remembrance.

Kalayjian also added that compounding the transmitted effects of genocide
trauma on the diasporan Armenian community was the example that "In places
like Glendale, Armenians don’t integrate into the rest of American society.
They create little ghettos like ‘Hye-wood,’ as the community in Hollywood is
sometimes called."

Alongside localized projection of anger and traumatic behavior onto family
members and friends, Kalayjian cited the tendency in Armenian communities
towards infighting and the formation of schism organizations as examples of
"horizontal violence or aggression."

She stated, "Armenians fragment into groups and see the other as not as good
as us our group. We need to be mindful, so we don’t dump these [trauma
effect] feelings on other people."

Kalayjian said that among studies conducted of second- and third-generation
trauma survivors and their families, Armenian and otherwise, a majority of
younger generation members (in their 20s, 30s and 40s) expressed guilt over
having a better life than their parents materially or over not having
experienced their parents’ trauma; expressed a sense of constant failure; a
need for constant work and activism; a loss of faith; losses of trust in
truth and human rights; and the "overwhelming burden of being Armenian."

She added, "People say that you can see a deep, continued sadness in
Armenian eyes."

Kalayjian said that she has met Armenian parents that strive to raise their
children in anger. She suggested to all ages present, especially those on in
years, to achieve closure with traumatic feelings, prefacing that not all
steps come in specific order or from the perpetrating community.

She detailed some steps as: acknowledgment and remorse, validation,
reparations, compensation, facing one’s negative emotions, and importantly,
finding a new meaning in life outside of the trauma.

Kalayjian also suggested being mindful of one’s body language and pushing
oneself to humanize the perpetrator community in some way through
interaction. She said her mother once demonstrated negative body language
when she subconsciously took three steps back while speaking to an
Armenian-friendly Turkish academic.
—————————————- ————————–

4. ‘The Wall of the Genocide’ Wins Telly Award

The 29th Telly Awards competition recently honored "The Wall of the
Genocide," a 10-minute documentary produced by Bedo Der-Bedrossian and Bared
Maronian, with a Telly Award for excellence in film and video production
under the category of history/biography. It is a poetic presentation of
Armenian history from the day Noah’s Arc rested on Mount Ararat to Feb. 19,
2007, the day Hrant Dink was murdered in Istanbul, Turkey.

The documentary is sponsored by the ANC of Florida and produced by Armenoid
Productions, a division of Ayasa Video Productions Inc. of Coconut Creek,
Florida. It debuted in Boca Raton, Fla., on Aprill 24, 2007, at the
Mardigian Hall of Saint David Armenian Church as a part of a program
dedicated to the victims of the Armenian genocide.

"The Wall" was a "labor of love" produced with a small budget and the
creative talents of Florida Armenians. Producer Der-Bedrossian, an
accomplished photographer and a leader of the Armenian community in Florida,
said, "This Telly Award means a lot to us. We are confident that this
prestigious international recognition of our work will in fact open new
frontiers for our creative team to work on similar and hopefully funded
programs."

"Our goal is to make this award-winning short documentary available to as
many Armenian and non-Armenian educational venues as possible free of charge
and to embark upon our next project," said Maronian, a three time Emmy
Award-winning TV professional who is also the documentary’s writer and
director.

"The Wall of the Genocide" can be viewed online by visiting:

The producers can be reached by emailing [email protected].

www.hairenik.com/HairenikTV/HA_TV_Clip63.htm

AGBU YP Northern California "Winter Gala Weekend" Attracts Hundreds

AGBU Press Office
55 East 59th Street
New York, NY 10022-1112
Phone: 212.319.6383, x118
Fax: 212.319.6507
Email: [email protected]
Website:

PRESS RELEASE

Tuesday, March 18, 2008

YP Northern California "Winter Gala Weekend" Attracts Hundreds, Raises
$5,000 for AGBU Hye Geen Women’s Centers in Armenia

Over 200 Armenian young professionals from around the globe gathered in
San Francisco for the 9th Winter Gala Getaway Weekend on February 15,
2008. The annual affair, organized by AGBU Young Professionals of
Northern California (YPNC), raised $5,000 for the AGBU Hye Geen Pregnant
Women’s Centers in Armenia.

Beginning with a sold-out Friday night mixer at the downtown Element
nightclub with DJ Raffy, the Winter Gala is an opportunity for friends,
new and old, to network with fellow professionals of Armenian descent in
a friendly social setting.

On Saturday, most guests enjoyed San Francisco’s eclectic landmarks and
basked in the sunny weather. Some young professionals planned a daytrip
to Napa Valley to experience the West Coast’s world-renowned wine
region.

After a day of relaxation and exploration, guests headed down to the
city’s Financial District for the Winter Gala Dance at the Merchant
Exchange. Against the backdrop of the San Francisco skyline, Father
Mesrob Sarafian of St. Vartan Armenian Church said a blessing before
dinner, which was followed by a warm welcome from Gala Chairman Emily
Kluczynski.

"The Winter Gala is, hands down, the most incredible Armenian event I
have ever attended," she said. "It brings Armenians from around the
world together for an amazing weekend and unites them under a shared
purpose – support of an Armenian cause."

Back by popular request, Khatchig Jingirian and his band kept the dance
floor full all night. The party continued with a post-dance event at the
trendy SOMO loft. Weekend festivities officially concluded with a
private brunch at Anzu restaurant in the Hotel Nikko on Sunday morning.

"There is real joy in bringing Armenians together in our gorgeous city
for a really great cause," exclaimed Gala committee member, Alison
Ekizian. "It’s exciting to draw our community together and twice as
rewarding to do it in the spirit of philanthropy."

Proceeds from this year’s Winter Gala benefited the AGBU Hye Geen
Pregnant Women’s Centers in Armenia. With the goal of improving the
health of expecting mothers and reducing the alarming rates of pregnancy
complications in Armenia, AGBU Hye Geen established their first Pregnant
Women Project in the country’s second largest city, Gyumri, in June
2002, and a second center in Vanadzor was established four years later.
Since then, participating women have benefited from substantial
pre-natal care and vital medical exams, while also creating a unique and
strong bond among each other.

For all the photos from this year’s Winter Gala Getaway Weekend, please
visit the YPNC website at

The AGBU Young Professionals of Northern California are committed to
preserving and promoting the Armenian identity and heritage through
educational, cultural and humanitarian programs. For more information on
YPNC, please email, [email protected], or visit,

www.agbu.org
www.agbuypnc.org.
www.agbuypnc.org.

Procession Participants Express Their Support For Gagik Jhangirian O

PROCESSION PARTICIPANTS EXPRESS THEIR SUPPORT FOR GAGIK JHANGIRIAN OUTSIDE PRODECUTOR GENERAL’S OFFICE

Noyan Tapan
Feb 27, 2008

YEREVAN, FEBRUARY 27, NOYAN TAPAN. Supporters of the first Armenian
president Levon Ter-Petrosian organized next in turn procession along
central streets of Yerevan on February 27. The procession made its
way along Abovian Street, Republic Square and stopped outside the RA
prosecutor general’s office. Chanting "Jhangirian", the pasrticipants
expressed their support for the former deputy prosecutor general
Gagik Jhangorian, who joined the movement led by L. Ter-Petrosian.

Then the procession participants moved along Paronian Street. Whwn
going by the Russian embassy, they chanted "Levon" and "Serzhik,
Go Away". Then the procession passed Mashtots Avenue and joined the
rally of their co-thinkers in Freedom Square.

Sound Check: Tankian Rocking Outside System

SOUND CHECK: TANKIAN ROCKING OUTSIDE SYSTEM
By Jon Waterhouse; For the Journal-Constitution

The Atlanta Journal-Constitution
February 7, 2008 Thursday
Main Edition

WHEN HARD ROCK outfit System of a Down began its indefinite hiatus in
August 2006, frontman Serj Tankian set his sights on a solo project
he’d reportedly longed for underneath that trademark top hat.

Tankian is currently hitting concert halls promoting "Elect
the Dead," a multi-genre influenced rock record that, with the
exception of a small guest list, features Tankian handling most of
the instrumentation. But don’t expect a one-man-band arrangement when
Tankian hits the Roxy on Feb. 11. His backup band FCC and opener Fair
to Midland join the show.

While waiting in line for the restroom at the show, impress fellow
fans with the following bits of Tankian trivia.

Music business: Tankian wasn’t always rocking the stage. After
graduating with a degree in marketing and business from California
State University, he was once a 9-to-5 entrepreneur and accounting
software developer.

Active activist: Don’t call him Bono, but Tankian has a political
mission, too. He and Rage Against the Machine guitarist Tom Morello
formed Axis of Justice, a nonprofit group that, according to its
Web site, hopes to "build a bridge between fans of music around the
world and local political organizations to effectively organize around
issues of peace, human rights, and economic justice."

What’s with the voice? The Lebanese born Armenian-American cites
hearing his dad croon classic Armenian tunes as a big influence on
his unconventional singing style.

He’s a poet … and he knows it: Although he resembles the love child
of Perry Farrell and Les Claypool, Tankian has something in common
with the late Jim Morrison of the Doors. In 2002, Tankian released
his own book of poetry, "Cool Gardens." Contemporary wordsmith Saul
Williams cites himself as a fan of Tankian’s work.

Serj on film: In addition to turning it up to 11, Tankian dabbles
in film work including composing music for the 2006 flick "Bug"
and narrating the 2005 documentary "Armenia: A Country Under Blockade."

* THE 411: Serj Tankian. $25.50. 8 p.m. Feb. 11. Coca-Cola
Roxy Theatre, 3110 Roswell Road, Atlanta. 404-249-6400,

www.ticketmaster.com.

Presidential candidate election headquarters shot at in Yerevan

Russia & CIS General Newswire
February 1, 2008 Friday 7:16 PM MSK

Presidential candidate election headquarters shot at in Yerevan

YEREVAN Feb 1

Campaign headquarters of the Republican Party of Armenia presidential
candidate and current Armenian Prime Minister Serzh Sargsyan, was
shot at by unidentified attackers on the night before February 1,
Prosecutor General’s Office told Interfax on Friday.

The investigation established that the unidentified people delivered
two shots aiming at the windows of the headquarters.

A criminal case was opened, it said.

Power Of Levon Ter-Petrosian Ruined Because Of Wrong Personnel Polic

POWER OF LEVON TER-PETROSIAN RUINED BECAUSE OF WRONG PERSONNEL POLICY

Noyan Tapan
Feb 1, 2008

YEREVAN, FEBRUARY 1, NOYAN TAPAN. Many of the candidates for presidency
avoid speaking about composition of the government to be formed in
case of their election not because they lack the respective staff,
but taking into account the current atmosphere of intolerance and fear
in the country, the spokeswoman for People’s Party of Armenia Ruzan
Khachatrian stated at the February 1 discussion, adding that these
presidential candidates have concerns that by announcing the names
of members of the future cabinet, they may "endanger" these persons.

According to deputy of the former Supreme Council Aram Mailian, there
is no party today which has about 30 people to be appointed to most
important positions in case of its coming to power. In his words,
the parties cannot grow cadres. He said that power of the first
president Levon Ter-Petrosian ruined because of the wrong personnel
policy. The president Robert Kocharian, according to the former deputy,
has continued personnel policy-related mistakes.

The representative of the Liberal Progressive Party of Armenia, expert
Eduard Antinian expressed an opinion that the amended Constitution will
not allow any political force (besides, the Republican Party of Armenia
that forms the parliamentary majority) to become a real counterbalance
to the other power branches. In the words of E. Antinian, any president
not enjoying the sympathy of the National Assembly’s majority will
be a formal head.

President of Nat’l bank of Netherlands to arrive in Yerevan on 11/11

President of National bank of Netherlands to arrive in Yerevan on
November 11

YEREVAN, November 9. /ARKA/. The President of the National Bank of
Netherlands Nout Wellink is to arrive in Yerevan on November 11 on an
official visit.

During his visit, Wellink is to meet with the President of Armenia
Robert Kocharian, the Prime-Minister Serge Sargsian and the President
of the Central Bank of Armenia (CBA) Tigran Sargsian, the press service
of CBA reported.

`Nout Wellink will participate in `Armenia as financial center of
Transcaucasian region’ round-table to be held by the CB of Armenia,’
the press service reported.`0-

BAKU: Khazar Ibrahim: Common State Deal In Nagorno Karabakh Talks Is

KHAZAR IBRAHIM: COMMON STATE DEAL IN NAGORNO KARABAKH TALKS IS INAPPROPRIATE

Azeri Press Agency, Azerbaijan
Oct 22 2007

"Common state deal in Nagorno Karabakh talks is inappropriate,
Azerbaijan has always refused this," spokesman for Foreign Ministry
Khazar Ibrahim told the briefing yesterday. Taking a stance on
Armenian officials’ statements that the conflict will not be solved
by the presidential elections, Khazar Ibrahim said that the process of
negotiations continues, the mediators are having a meet in Paris today.

"The co-chairs will visit the region at the end of this week. The
mediators’ duty is to contribute to the improvement and break the
wrong party back on track.

Spokesman said that St. Petersburg meeting was inefficient due to
Armenia’s unconstructive position.

The diplomat mentioned that Azerbaijan’s position on the settlement
of the conflict is unchanged.

"Our country supports the stage-by-stage settlement," he said.

Finding friends in the New Year

Finding friends in the New Year

Wednesday September 12 2007

With Rosh Hashanah fast approaching, the first full week of September
is a time for both reflection and new beginnings. The summer, with all
of its barbeques, weeks off from work and hot lazy days, has come to
an unofficial close with the celebration of Labor Day, though –
against fashion’s better judgments – some folks may still wear white.
And with the shortening of the days and a more permanent chill in the
air, September also sees our children returning to school, armed with
sharpened pencils and blank notebooks. We are both excited and anxious
to say goodbye to our youngsters. College students will once again
inundate the T as university is back in session.
Schoolmates will swap camp stories of bunk raids, color wars and other
summertime adventures. The New Year is an opportunity to make new
friends and, with the perspective of another summer, to reassess
whether one still has the same goals – if you still want to be a
mathematician or an artist – and then decide which elective to take.
As a community, we are coming together after camping trips and
weekends on the Cape. And while our notebooks may have more notes
scribbled in them over the years than our youngsters’, the New Year
should be an opportunity to reassess whether we are happy with the
direction where we are heading. If we are, what can we do to advance
our goals?
If not, where have we gone wrong, and what can we do better?
Much led and ink has been dedicated recently to the issue with the
Anti-Defamation League and the Armenian community. Last week, the
local Jewish and Armenian community came together on the State House
steps to reinforce the longstanding relationship between the two
communities.
As Jews, it seems there is hardly ever a week – or even a day – that
goes by that we, or the state of Israel, can’t steal local and global
headlines. Perhaps we have a flair for the dramatic. But the
friendships we foster locally and globally should not hinge on an
editor’s choice of headline, or a historian’s interpretation of
events.
Relationships that stand the test of time are rooted in common ground
and mutual respect, if not complete understanding. As Jews, the Jewish
state is important to us and we often ask our friends to stand by our
side as we defend her.
And though it may not grab headlines, we should ask ourselves how we
are reaching out to other communities on their own terms.
In this week’s story on the Lena Park Community Development
Corporation in Dorchester – formerly the Hecht House – we see how the
African American community is reaching its hand out to the Jewish
community in a gesture of partnership.
Gestures of kindness, made in earnest, should be accepted with
sincerity. Perhaps 5768 will be the year of the outstretched hand.

Source: editorial/

http://www.thejewishadvocate.com/this_weeks_issue/

Russian-Armenian trade soars 70% in H1

New Europe, Belgium
Sept 1 2007

Russian-Armenian trade soars 70% in H1

ARMENIA
1 September 2007 – Issue : 745

Russian President Vladimir Putin and Armenian President Robert
Kocharian noted the positive dynamics in trade and economic relations
between the two countries, in particular in investment cooperation,
at a meeting in Sochi, Russian presidential aide Sergei Prikhodko
told Interfax.
The parties "hailed the high volume of trade and strong economic
cooperation between Russia and Armenia. Bilateral trade turnover grew
70 percent in the first six months of the year," Prikhodko said.
"Kocharian hailed the ever-growing interest of Russian businesses in
investing in his country," the presidential aide said. "The high
growth rates of the Russian and Armenian economies make investment
projects more attractive," he added. "Energy and the development of
transport networks are being actively discussed as well," Prikhodko
said.