Biometric Passports To Be Implemented In Armenia Started January 1,

BIOMETRIC PASSPORTS TO BE IMPLEMENTED IN ARMENIA STARTED JANUARY 1, 2010

ArmInfo
2008-12-23 14:38:00

Biometric passports and cards will be implemented in Armenia beginning
from January 1, 2010, Head of the Visa and Passport Department of the
Armenian Police Norayr Muradkhanyan said at today’s press-conference.

He also added biometric passports will be necessary for the citizens
of Armenia when leaving abroad, and identity cards will be used
inside the country. He also said that after implementation of a new
system, citizens of Armenia will have two documents confirming their
citizenship.

According to M. Muradkhanyan, beginning from 2010 persons having
reached the age of 16 will be given two documents at once, while the
earlier given passports will be replaced by the biometric documents
after expiration of their validity. He added that implementation of
the new system will essentially simplify the process of delivery of
identification documents.

Moreover, due to a more reliable control, this system will prevent
violations by the citizens when receiving social payments.

Ardshininvestbank Bonds Admitted To Sale On Armenian Stock Exchange

ARDSHININVESTBANK BONDS ADMITTED TO SALE ON ARMENIAN STOCK EXCHANGE

ARKA
Dec 22, 2008
YEREVAN

The nominal coupon bonds of Ardshininvestbank (Armenia) have been
admitted to the sale on the free platform Cbond on the Armenian Stock
Exchange (ARMEX).

The Marketing and Communications Department, NASDAQ OMX Armenia,
reported that 150,000 bonds have been admitted to sale, the nominal
value of one bond being 10,000 AMD and the annual coupon yield 10%. The
bond maturity date is December 5, 2009. The bonds are listed under
the abbreviation of ASBKB1.

As of December 22, 13 bond issues are in circulation on ARMEX. Two bond
issues are listed as Abond, ten issues as Bond and one issue as Cbond.

The Central Bank of Armenia (CBA) issued Banking License #83 to the
Ardshininvestbank CJSC on February 27, 2003. The Ardshininvestbank
principal stockholders are the Region investment corporation (86.82%)
and the International Finance Corporation (IFC), which purchased 10%
late last year.

The bank is an affiliate member of the MasterCard/Euriopay system
and a share holder of the Armenian Card CJSC.

This January the OMX Group (Sweden) purchased the Armenian Stock
Exchange and the RA Central Depository. This March, NASDAQ OMX Group,
Inc. became sole owner of ARMEX and RA Central Depository.

Over 3,900 issuers are listed on NASDAQ OMX. NASDAQ OMX technologies
facilitate the management of over 60 exchanges, clearing agencies
and central20depositories in over 50 countries.

Ali Babacan: The Solution Of Disputes Between Turkey, Armenia And Az

ALI BABACAN: THE SOLUTION OF DISPUTES BETWEEN TURKEY, ARMENIA AND AZERBAIJAN WAS NEVER THIS CLOSE

armradio.am
22.12.2008 17:17

A solution for the disputes between Turkey, Armenia and Azerbaijan,
which has lasted since World War One, was never this close, Turkey’s
Foreign Minister told Hurriyet daily.

"The Serzh Sargsyan administration believes that solution of problems
with both Turkey and Azerbaijan will bring stability and welfare to
the country," Ali Babacan told in an interview with the daily.

He added that both Sargsyan and his Azerbaijani counterpart Ilham
Aliyev show the necessary will to find a solution.

"If they progress, our job will also be easier," Babacan said. "We
are not at the stage that we can put forward the final points, but
we have made much progress," he added.

Will Electronic Auction Be Canceled?

WILL ELECTRONIC AUCTION BE CANCELED?

A1+
[03:22 pm] 19 December, 2008

Armenia’s Compulsory Execution Service (CES) is scheduled to put up the
assets and the right of property of Bjni Company for electronic auction
on December 19. The auction hasn’t started yet. There is no information
about the pending auction available on the service’s website wither.

CES Spokesman Ruben Grzelyan couldn’t give us any definite information
about the auction. Still yesterday it was supposed that the action
would be canceled as one of the creditors -"Saturn ShinMontaj" brought
in an action against recognising the bankruptcy of Bjni Ltd. The
Northern Civil Court noted the claim and appointed a temporary
administrator.

Grzelyan says they haven’t got an official recognition of the company’s
bankruptcy which would allow them to cancel the auction.

Ruben Grzelyan also added that yesterday the company’s administration
petitioned them to withdraw the action relying on the court’s
decision. "They have attached a copy of the court decision to
the petition. Yet, we cannot dismiss the case on that ground. The
court must officially inform us about its decision," note the CES
Spokesman. He promised to give us a concrete answer within two hours.

Advocate of the Bjni Company Ara Zohrabyan noted that if a suit is
filed against bankruptcy, the Service of Compulsory Execution must
dismiss the case.

Armenia, Sitronics To Continue Cooperation In The Field Of High Tech

ARMENIA, SITRONICS TO CONTINUE COOPERATION IN THE FIELD OF HIGH TECHNOLOGIES

armradio.am
19.12.2008 13:44

The Prime Minister of Armenia, Tigran Sargsyan, received today
the President of the Russian "Sitronics" OJSC Sergey Aslanyan,
Vice-President Sergey Urezchenko and plenipotentiary representative
of the company in Armenia Armen Khachatryan.

The parties discussed issues connected with the further development
of cooperation in the field of high technologies. President of the
"Sitronics" Sergey Aslanyan presented the activity of the Company
headed by him, its participation in programs of federal importance for
Russia, the international relations and representation in the CIS,
in the countries of Central and Eastern Europe and others, as well
as the future initiatives and programs of cooperation with Armenia
in the field of high technologies.

Sergey Aslanyan spoke about the creation of a venture investment
fund with participation of "Sitronics" OJSC, noting that the company
is ready to present the programs of cooperation in this sphere in a
short period of time.

The Prime Minister attached importance to the cooperation with
"Sitronics" Company and expressed confidence that it will be mutually
beneficial and effective.

Only Those Workers That UK Needs Will Be Able To Come To UK

ONLY THOSE WORKERS THAT UK NEEDS WILL BE ABLE TO COME TO UK

PanARMENIAN.Net
17.12.2008 18:37 GMT+04:00

/PanARMENIAN.Net/ On 27 November 2008, Tiers 2 and 5 of the points
based system (PBS) that deals with immigration to the UK went live. The
Tiers sweep aside the old work permit system, the press office of
the UK Embassy told PanARMENIAN.Net.

Tier 2 ensures that only those workers that UK needs will be able to
come to the UK. To get in under Tier 2 skilled workers must have a
grasp of English language, prospective earnings of more than £24,000
per annum or have a decent qualification, and enough money to support
themselves for the first month of their stay.

Under Tier 2, UK companies must pass the Resident Labour Market test
by proving they cannot fill the post with a resident worker before
they can bring in someone from outside the EEA.

Tier 5 covers those travelling temporarily to the UK for primarily
non-economic reasons, such as sportspeople, entertainers and charity
workers. The entertainers coming to the UK for gigs or festivals will
be assessed under visitor visa rules.

>From 27 November foreign non-EEA nationals granted leave to remain in
the UK as a student or on the basis of marriage will be issued with an
IDENTITY CARD containing their facial image and fingerprints. Identity
cards will be mandatory for foreign nationals, and will provide
evidence of an individual’s nationality and status in the UK. It
will confirm the holder’s right to work and the services to which
the person is entitled.

This card will replace the sticker that would have previously been
placed in the person’s passport. People applying for leave to remain in
other categories will continue, for the moment, to receive a sticker.

–Boundary_(ID_W3NadtZ3mgwM1jKgaLJrNw)–

Number Of Apology Petition Signatories Growing Rapidly

NUMBER OF APOLOGY PETITION SIGNATORIES GROWING RAPIDLY

PanARMENIAN.Net
17.12.2008 14:34 GMT+04:00

/PanARMENIAN.Net/ Over 10 thousand people have already signed the
public apology for Armenian Genocide.

The online petition initiated by three scholars, Ahmet Insel, Baskin
Oran and Cengiz Aktar, and a journalist, Ali Bayramoglu reads: "My
conscience does not accept the insensitivity showed to and the denial
of the Great Catastrophe that the Ottoman Armenians were subjected to
in 1915. I reject this injustice and for my share, I empathize with
the feelings and pain of my Armenian brothers. I apologize to them."

NASDAQ OMX Armenia Introduces Exchange Market For REPO Trading And M

NASDAQ OMX ARMENIA INTRODUCES EXCHANGE MARKET FOR REPO TRADING AND MECHANISM FOR MANUAL TRADES

ARKA
Dec 16, 2008

YEREVAN, December 16. /ARKA/. NASDAQ OMX Armenia launched two new
markets based on the Armenian Stock Exchange (Armex) trading platform
– for repurchase agreements (REPO) on corporate securities, and for
manual trades, the company’s press service reported Monday.

NASDAQ OMX Armenia introduced the new markets as part of its efforts to
enhance exchange trading opportunities in the country, says the report.

According to the report, the launch of these two mechanisms covers
another two important segments of the securities market and has become
possible through close collaboration with all market participants.

"REPO trading that has previously been done directly among banks and
investment companies is one of the stock exchange’s long awaited new
products. Through REPO and reverse REPO trades market participants
are able to get funds against collateralized securities, and vice
versa. The exchange platform now in place for REPO agreements
simplifies the trade execution process, makes it fully automated,
more secure, and helps substantially reduce the time required to
complete a trade," says the press release.

By launching an exchange mechanism for manual trades, NASDAQ OMX
Armenia brings into regulation the over-the-counter (OTC) market for
corporate securities. Such manual trades that were more likely to
be execut ed off-exchange can from now on be done through the manual
trades mechanism, according to the rules of the stock exchange. Again,
the new mechanism implies significantly more flexibility and efficiency
for the parties involved.

All Armex member investment companies and banks automatically get
access to the newly introduced REPO and manual trade markets. Trading
in both these markets will open at 11:00am and close at 3:00pm each
business day.

As of December 2008, instruments traded via Armex trading platform
include stocks, corporate and government bonds, currency, and REPOs.

The NASDAQ OMX Group, Inc. is the world’s largest exchange company. It
delivers trading, exchange technology services across the world. With
over 3,900 companies, it is number one in worldwide listings among
major markets.

NASDAQ OMX technology supports the operations of over 60 exchanges,
clearing organizations and central securities depositories in more
than 50 countries.

In January 2008, Nordic exchange operator OMX Group acquired 100%
of shares of the Armenian Stock Exchange (Armex) and the Central
Depository of Armenia (CDA). After the combination of NASDAQ and OMX
in March 2008, Armex and CDA have become fully owned by the NASDAQ
OMX Group, Inc.

Armenia To Have The Highest New Year Tree In The CIS

ARMENIA TO HAVE THE HIGHEST NEW YEAR TREE IN THE CIS
Lilit Muradyan

"Radiolur"
15.12.2008 14:37

The New Year Tree erected at the Republic Square is the highest in
the CIS.

On December 22 the New Year Tree with the height of 27 meters will
rejoice the citizens of Yerevan with its beauty and lights.

Speaking about the New Year arrangements, Head of the Department
on Culture, Sport and Youth Affairs of the Yerevan City Hall Kamo
Movsisyan said there will be no new arrangements this year. According
to him, only the decoration of the New Year Tree and the illumination
of the Republic Square have changed. Fifty million drams have been
allocated from state budget for this purpose and the concert programs.

When The Minister Is Unaware

WHEN THE MINISTER IS UNAWARE
K. Beglaryan

Azat Artsakh Daily
09 Dec 08
Republic of Nagorno Karabakh [NKR

How To Supervise The Concessionaire Of The Railway

It is far not a secret that after handing Armenian railway over to a
concessionary management, the situation linked with the freights became
worse. "Hayots Ashkharh" has already touched upon this problem. And
it is absolutely not accidental that the director of "South Caucasian
Railways" was dismissed. According to available information he has
left Armenia. So he managed the works of the Armenian railways for
six months.

This cadre change one more time proves that after handing Armenian
railway over to concessionary management the state of the "South
Caucasian Railway" has mildly speaking become worse and the
facts linked with the activity of the leadership coincide with the
reality. By the way the latter didn’t even make any efforts to refute
the facts presented.

Instead, strange as it may seem, Minister of transportation and
Communication G. Sargsyan has committed himself to this mission,
who ex officio must supervise the activity of the concessionaire and
be aware of what is taking place there. But, for unknown reasons,
only after our publications did the Minister try to respond to the
management of the railway and the situation existing here, by the
way trying to justify the leadership of the co mpany.

G. Sargsyan even started to announce certain things proper to a person
quite unaware of that sphere and far not the Minister of Transportation
and Communication.

For example touching upon the price-policy the Minister announced
that the leadership of the company is not competent to set prices,
and the World Price Conference allegedly implements this work.

Is the Minister quite unaware of the regulation of prices in this
sphere?

Everyone is aware of the existence of this World Price Conference,
but the latter usually sets international and transit prices. Whereas
the conversation is about maximum prices. During those conferences,
which are convened yearly the participants usually discuss the
issue of the sales linked with the freights. Moreover the conference
particularly records that each country is competent to set its own
prices, according to the functioning laws.

And by the way it is natural. So the World Price Conference has
nothing to do with the internal prices of the railway. They are
associated with transit freights, but as we know, Armenia is not a
transit country. At least at this stage.

In our view the Minister must have known that the transit and
international maximum prices set by the Conference have nothing to do
with Armenia’s internal freights. On the contrary the recent price
changes in Armenian railway is exclusively the initiative of the
leadership of "South Caucasian Railw ays" and, by the way, illogical.

It is also strange that quite recently did G. Sargsyan decide to
establish subdivisions in the Ministry, which will be engaged in the
problems of the railway transport. Another committee will study the
issues linked with the freights. I wonder why didn’t they think about
it by now. These problems are not new, are they?

Before being dismissed from his position the director of the "South
Caucasian Railway" announced that 107 million dollars’ investment was
made during six month. But he didn’t say how they used this sum, but
we have already touched upon this topic. We would like to remind you
that they purchased dozen expensive cars and solved their accommodation
and vital problems. Some part of the money was used for the restoration
of the rolling-stocks, by the way, by exaggerated prices.

Instead of refuting or confirming those facts the Minister made vague
announcements, about something that he is quite unaware of.

So if this is the way to supervise the activity of the railway’s
concessionaire, then very soon it will face more serious problems.