World Business Inc. Provide $10 Mln Loan To Ardshininvestbank

WORLD BUSINESS INC PROVIDES $ 10 MLN LOAN TO ARDSHININVESTBANK
By Ara Martirosian

AZG DAILY
28-03-2009

Economy

A loan agreement of $10 mln was signed between Ardshininvestbank and
American World Business Inc on March 26 in Washington at the Armenian
Embassy in the United States, Ardshininvestbank informed.

The credit is guaranteed by the US Government’s OPIC agency. The
credit liquidation period is 10 years and it is given to implement
small and medium business financing joint program. Ardshininvestbank
will invest $ 2,5 mln.

The agreement was signed by the Deputy Chairman of the bank’s board
Sergey Virabian and Vice President of World Business Inc Robert Monyac.

According to the acting Chairman of the bank’s board Gurgen
Haroutiunian, the new loan program will contribute to the development
of small and medium enterprises in Armenia and will help to overcome
the difficulties because of the world economic crisis. He also assured
that Ardshininvestbank would expand its international relations to
bring foreign financial resources to the Armenian market and contribute
to the development of the economy.

Thousands From Iran Celebrate Novruz In Armenia

THOUSANDS FROM IRAN CELEBRATE NOVRUZ IN ARMENIA

HULIQ
March 26 2009
SC

Armenian Public Radio reports that close to 20,000 vacationers
from neighboring Iran have traveled to Armenia to celebrate Novruz,
the Iranian New Year in Armenia due to liberties, affordability and
warm weather.

The residents of the capital of Armenia Yerevan see many more tourists
from Iran during this time of the year than they normally do. The
reason is that many Iranians have chosen Yerevan to celebrate Novruz.

Celebrated on the first day of Spring, Novruz is the favorite holiday
maintaining a strong tradition in Azerbaijan, Iran, Afghanistan, Turkey
and in central Asia. At its core, the Novruz festival celebrates
the awakening of the natural life. This awakening symbolizes the
triumph of good, winning against the evil forces of darkness that are
represented by the Winter. Novruz is the point when the oppressive
presence of the cold Winter finally begins to retrieve with the
commencement of the lively and hopeful Spring. This symbolic and
poetic change corresponds to the mathematical instance of the sun
leaving the zodiac of Pisces and entering the zodiacal sign of Aries,
also known as the Spring Equinox.

The young people from Iran travel to Armenia with large groups to
be able to celebrate Novruz while they can attend Yerevan’s numerous
nightclubs and can drink in public. Whereas in Iran you can only drink
inside your house and there is no such a thing as public drinking.

The reporter of the Armenia radio interviewed a young lady who is
staying in front of Yerevan hotel saying "look I can have my beer
here and don’t have to carry a scarf, which is an obligation in Iran."

As Armenia has become the touristic Mecca in the region due to its
rich culture, public liberties, warm weather and affordability the
Armenian and Iranian companies had to make charter flight and bus tours
to Armenia to accomodate the travel needs of about 20,000 Iranians.

"We went to night clubs, danced and were able to have good time with
our friends. Yerevan is near to Iran, full of good people and provides
good opportunities for fun and celebration," says 25 years old Amir
from Iran while shopping in Yerevan and who thinks the traditions
are too strict in his country Iran.

Tourism, established as one of the priorities of the national economy,
has been steadily growing in Armenia. Last year the Armenian government
had created an action plan for the development of the travel industry
in the country. The plan provides for the development of infrastructure
and transport, road construction, training of personnel, development of
business environment, development of tourism in Armenia’s communities.

It is estimated that an average vacationer spends $1000 U.S. dollars
in Armenia per week, which includes most of the expenses, including
hotel and meal. Therefore, 20,000 Iranian tourists leaving $20 Million
dollars in the Armenian economy is a good investment in the country
of 3.5 million people.

Ashot Kocharyan: Armenian-Indian developing dynamically

Ashot Kocharyan: Armenian-Indian developing dynamically
25.03.2009 22:10 GMT+04:00

/PanARMENIAN.Net/ Armenian Ambassador to India Ashot Kocharyan met
with the students and teaching staff of Jawaharlal Neru University in
New Delhi.

The Ambassador briefed on the current situation in Armenia and foreign
policy priorities. He also attached importance to development of
Armenian-Indian bilateral relations.

Afterwards, he answered numerous questions about the Nagorno Karabakh
conflict, Armenia-Turkish relations and Armenia-EU cooperation, the RA
MFA press office reported.

Ararat Bank Issues New NVER CARD Dated To Maternity Day

ARARAT BANK ISSUES NEW NVER CARD DATED TO MATERNITY DAY

PanARMENIAN.Net
25.03.2009 21:18 GMT+04:00

Araratbank offers a new Gift Card on the eve of Apr. 7, Motherhood,
beauty and love day celebration. Receiver’s name and any wishes to
beloved person can be printed on Gift Card. Ararat bank offers free
card opening and account maintenance. Annual card maintenance free
is AMD 1500, Araratbank news service reported.

The card will give a possibility to effect non-cash transactions and
receive cash from any terminal in Armenia and NKR.

The new Gift Card can be obtained in Araratbank central office as
well as any of 25 subsidiaries in Armenia.

Eurovision Song Contest: Introducing The 2009 Entries: Armenia

INTRODUCING THE 2009 ENTRIES: ARMENIA

esctoday.com
/read/13584
March 25 2009

All entries in the 2009 Eurovision Song Contest are known, but the
actual contest is still two months away. As a warm-up, we introduce
one of the entries every day in random order. Part ten is dedicated
to the entry from Armenia.

Basic information

Performers: Inga & Anush

Song: Jan jan (My dear)

Language: English and Armenian

Music: Mane Akopyan

Lyrics: Avet Barseghyan, Vardan Zadoyan

Draw: 6th in the first semi final

The song

Jan jan is a folkloristic up-tempo dance song. The lyrics are an
invitation to dance the Nor par, a dance that is supposed to spread
hopes for a new and better life:

Can’t you see?

We aren’t free Fixed like a tree To the holy ground With my sound I’ll
be always around I wanna dance, don’t you stand Sister, give me hand

Everybody move your body We are dancing nor par

The singers

The sisters Inga and Anush Arshakyan are both graduates of the
S. Aslamazyan music school. Inga studied violin and jazz singing and
she has laso worked as a violinist for a well-known orchestra. Her
sister Anush majored in piano, but she also studied jazz singing. In
1994, she had already been the winner of a music contest in Omsk and
she would also perform with the philharmonic orchestra of Armenia.

As a duo, the sisters started their career in 2000 by entering the
National Song Theater of Armenia. Ever since they have enjoyed
a successful career with many concerts around Europe and the
USA. Nowadays they are said to be the most popular folk singers
in Armenia.

In 2009, they entered the Armenian national final for the Eurovision
Song Contest and won it making them the first duo to represent
Armenia. Later, it was announced that the famous Russian trio Fresh
Art is working with the sisters to develop the stage image and the
performance for Moscow.

You can find new pictures from the photo session with Fresh Art here.

The national selection

Armenia hold a classic national final this year. On a Saturday evening,
21 acts performed one song each and the winner was chosen by a mix
of jury voting and televoting. Inga & Anush were the favourites of
both and could win the national final ahead of Mher and Dorians.

Armenia in the Eurovision Song Contest

Armenia took part in the Eurovision Song Contest for the first time
in 2006 and has become one of the most successful countries since
finishing eighth twice and fourth once last year. Remarkably, 2009
will mark the third year in a row the Armenian entry will be performed
in English and the national language.

http://www.esctoday.com/news

Yerevan To Host "Health Service & Pharmacy" Exhibition

YEREVAN TO HOST "HEALTH SERVICE & PHARMACY" EXHIBITION

PanARMENIAN.Net
24.03.2009 15:34 GMT+04:00

/PanARMENIAN.Net/ LOGOS EXPO Center, with assistance of Ministry
of Health of Armenia, will organize "Health Service & Pharmacy"
international specialized exhibition from April 10 to 13, 2009.

The exhibition offers an opportunity to for leading specialists in
various fields to present their viewpoints and recommendations and
expand contacts.

25% of participating companies are foreign manufacturers, representing
Russia, Georgia, Japan and other countries.

Workshop With The Water Users’ Associations

WORKSHOP WITH THE WATER USERS’ ASSOCIATIONS

armradio.am
23.03.2009 11:36

"Euroconsult Mott Mac Donald" company, which is implementing
the Institutional Strengthening component of Irrigation Entities
Sub-Activity of the Millennium Challenge Account-Armenia program,
held a workshop to present the component to its key stakeholders. The
purpose of the workshop was to provide background information on the
activities and works implemented by the consultant, as well as its
future actions. Information was provided on the work done with 51
Water Users’ Associations (WUA) and 3 Water Supply Agencies (WSA),
including a recent assessment of their capacity, as well as progress
to date on the development of their Management Improvement Plans.

Representatives of WUAs and WSAs were among the participants.

Ara Hovsepyan, MCA-Armenia CEO and Andranik Andriasyan, Head of the
State Committee for Water Management addressed the invitees with
opening remarks.

Institutional Strengthening component of Irrigation Entities
Sub-Activity was presented by "Euroconsult Mott Mac Donald" expert
Onno Schaap.

The main objective of the Institutional Strengthening component is to
develop institutional and technical capabilities in water management
entities to ensure reliable and timely water delivery, promote greater
ownership of the water delivery system by water users, and create a
basis for technical and financial sustainability of the irrigation
system through training and technical assistance interventions.

Icon Communications launches its internet-network in Armenia

Icon Communications launches its internet-network in Armenia

2009-03-20 22:39:00

ArmInfo. Icon Communications has launched its internet-network in
Armenia. The inaugration ceremony was attended by Prime Minister of
Armenia Tigran Sargsyan, Chairman of the Commission on Regulation of
Public Services of Armenia Robert Nazaryan and other officials.
Sargsyan pointed out the importance of development of internet
communication in Armenia’s regions, particularly, in borderline areas.
This will boost economic activity outside the capital. One more
positive effect of this step will be enhanced quality of telecoms
services due to growing competition. Chief Executive Office of Icon
Communications Adam Kablanian said that he was happy to start
activities in Armenia and thanked all people who cooperated with his
company and was interested in its success. He said that the key goal of
his company was to provide Armenians with high quality and cheap
internet service.

Icon Communications was registered in Armenia in 2007. Its key
shareholder of VTEL Holdings. In June 2008 the company was granted a
license fo WiMAX service in Armenia. The license allows the company to
provide internet and VoIP within 3,400-3,450 MHz for 10 years. The
company is planning to spent almost $15mln on its development.

ANTELIAS: HH Aram I assists Mid-Lent sunrise service at St Nshan

PRESS RELEASE
Catholicosate of Cilicia
Communication and Information Department
Contact: V.Rev.Fr.Krikor Chiftjian, Communications Officer
Tel: (04) 410001, 410003
Fax: (04) 419724
E- mail: [email protected]
Web:

PO Box 70 317
Antelias-Lebanon

Armenian version: nian.htm

HIS HOLINESS ARAM I ASSISTS THE MID-LENT SUNRISE SERVICE
AT SAINT NESHAN CHURCH OF THE DIOCESE OF LEBANON

According to the tradition the Prelate of the Diocese of Lebanon Archbishop
Kegham Khatcherian and the Members of the Church Council invited His
Holiness Aram I to preside over the Mid-Lent Sunrise Service at the Saint
Neshan Church of the Diocese in Beirut. The students of the seminary who
accompanied His Holiness did the singing.

At the end of the Service Archbishop Kegham Khatcherian welcomed the
Catholicos on behalf of the Diocese and its leadership for this Pastoral
visit, which indicated that the whole Church was being resourced spiritually
in anticipation of the Holy Feast of Easter.

In his message to the congregation, His Holiness Aram I said that the period
of fasting and praying prior to Easter is the human response to Jesus’ words
"I am the door: by me if any man enter in, he shall be saved, and shall go
in and out, and find pasture." (John 9:10). Despite the sufferings of the
Armenian community in Lebanon for many decades, the leadership and people
remained steadfast. New challenges are now touching the lives of the youth.
The decision to declare 2009 "The Year of Youth" was taken in order to
discern and lead the youth to the "doors" where Jesus’ teachings, the
Traditions of the Church and Armenian identity are affirmed and shaped
through love, peace and hope. He then invited the Diocese and the faithful
to open "doors" to the youth.

After the Service, the faithful were invited to share friendship around
coffee and special Lent sweets thanks to the hospitality offered by the
Church Council and Women’s Committee.

##
View the photos here:
tos/Photos364.htm
*****
The Armenian Catholicosate of Cilicia is one of the two Catholicosates of
the Armenian Orthodox Church. For detailed information about the history and
the mission of the Cilician Catholicosate, you may refer to the web page of
the Catholicosate, The Cilician
Catholicosate, the administrative center of the church is located in
Antelias, Lebanon.

http://www.ArmenianOrthodoxChurch.org/
http://www.ArmenianOrthodoxChurch.org/v04/doc/Arme
http://www.ArmenianOrthodoxChurch.org/v04/doc/Pho
http://www.ArmenianOrthodoxChurch.org

Will Crisis Help Russia Assemble Another USSR?

WILL CRISIS HELP RUSSIA ASSEMBLE ANOTHER USSR?
Sergei Semushkin

WPS Agency
What the Papers Say (Russia)
March 19, 2009 Thursday
Russia

CAN RUSSIA USE THE CRISIS TO RECONSTITUTE A COMMON POLITICAL ENTITY
WITHIN THE CIS BORDERS?; Loaning money to CIS neighbors: potential
advantages and dangers.

CIS countries remembered Russia in their hour of need. Kyrgyzstan and
Belarus seek $2 billions from Russia each, Ukraine wants $5 billion,
and Armenia $500 million…

Will the loans change their attitude toward Russia for the better
or will it be just a wasted goodwill gesture? Moskovsky Komsomolets
approached experts for comments.

One of Moscow’s latest promises – to loan Kyrgyzstan $2 billion – set
the pot of the expert community literally boiling. There are absolutely
no guarantees that Russia will ever see its money again. Up to 60%
of the GDP of certain Central Asian republics are produced in Moscow
where the so called Gastarbeiters work and transact what they make
to their families at home.

"Loans to Kyrgyzstan should be regarded as a geopolitical project
rather than a financial gesture," suggested Aleksei Vlasov, Director
General of the Center for Sociopolitical Studies in the Post-Soviet
Zone. "Bishkek did show the US airbase the door. By and large, it’s
a perfect moment for strengthening our positions there."

"Crisis offers a unique opportunity to establish a common zone,"
Director of the Institute of CIS Countries Konstantin Zatulin said. "I
say Russia should finance its neighbors. Particularly because money is
often loaned on certain terms. When $2 billion were loaned to Belarus,
for example, we brought up the matter of dumping."

Mikhail Delyagin, Director of the Institute of Globalization, agreed
that Russia should finance neighbors but only on rigid terms that
would benefit Russia. "Post-Soviet zone is a zone of chaos. There is
nobody around here but Russia to keep this chaos in check because
nobody else really cares. Should we be so foolish as to let this
chaos spread, it will certainly spread into Russia before long. What
does absence of a firm state rule in Tajikistan mean? It means drugs
in Moscow. It follows that we do not really have a choice and must
assist these territories," Delyagin said.

Even Ukraine swallowed its pride and asked Russia for a loan. Prime
Minister Yulia Timoshenko appealed to Russian Foreign Minister Aleksei
Kudrin for a loan of $5 billion.

"Ukraine is a different matter altogether. It is a complicated problem
indeed," Vlasov said. "The first thing that comes to mind is the
question concerning who Russia will have to ask for its money again
afterwards. I reckon the Russian leadership will think twice before
committing itself."

"Sure, money should be loaned even to Ukraine," Zatulin assumed. "Once
again, it is terms of the loan that count. Why wouldn’t we offer
money to some CIS countries on the terms they may get loans from
the West? After all, some Ukrainian regions are expressly banned to
interact with Russian regions. I’d say that we should bring it up
when terms of the loan are discussed."

"Should Kiev permit Russian businesses to expand into Ukraine
and accept a plan of integration, it will warrant loaning the
Ukrainians $10 billion instead of the $5 billion they are asking for,"
Delyagin announced. "The matter of the Crimea and Sevastopol may be
settled within the framework of this integration plan to everyone’s
satisfaction. The peninsula will eventually become a Turkish province
otherwise."

Russia’s relations with its neighbors are far from ideal. Every
involved party plays its own game. Lukashenko in Minsk threatens
to borrow from the International Monetary Fund which Russia could
do without because Belarus will have to dance to the tune of IMF
principal creditors then, namely of the United States and European
Union. Azerbaijan hints that it just might join Nabucco and start
building a gas pipeline bypassing Russia. Even Armenia requests
recognition of Nagorno-Karabakh from Russia every now and then… And
all of them aspire to borrow from Moscow at the same time. Let’s
say Russia lends a sympathetic ear and loans them the requested
sums. What if they turn their backs on Moscow again once the money is
transacted? All experts Moskovsky Komsomolets approached recognize this
danger as existing indeed. Moscow had better remember the Soviet Union
which was so free with loans that it eventually led to its own undoing.

* * *

Alexander Rahr, Director of Russian and CIS Programs of the German
Foreign Policy Council: Moscow will reestablish control over energy
economy

The crisis does offer Russia a chance to reclaim leftovers of the
erstwhile Soviet Union. Your neighbors need colossal sums. Western
banks refuse to finance them and the International Monetary
Fund demands control over their economic policies in return for
loans. Sure, Russia wants this control too. It means that countries of
the Commonwealth have to choose who to give this partial control to –
the West or Russia.

Ukraine is Russia’s priority… or should be. Moscow might try
and economically reconnect Russia and at least the eastern regions
of Ukraine and the Crimea because the population there is mostly
pro-Russian. Belarus is the second priority and Kazakhstan too.

There is also Tajikistan to consider. It needs aid and Russia is
in the position to offer it. Moreover, Russia needs Tajikistan to
close the border with Afghanistan across which drugs are smuggled
into Tajikistan and then to Russia itself.

The way I see it, restoration of the energy complex of the former USSR
is the prime task. It is the countries controlling energy resources
that will recover faster than anyone else after the crisis. The
question is whether Russia has money for it.