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PM Pashinyan briefed on plans to open World Trade Center in Armenia

Public Radio of Armenia
May 17 2022

Prime Minister Nikol Pashinyan received Robin van Puyenbroeck, Executive Director of the World Trade Centers Association, Eduard Marutyan, Founder of RENSIN Urban Development Investment Company, and Levon Kasparov, Director of the company.

During the meeting, the project of establishing a World Trade Center in Yerevan was presented to the Prime Minister, which was also approved by the World Trade Organization. The benefits of the project, the conditions and opportunities for business were presented in detail.

Prime Minister Pashinyan noted that the Government is interested in the project, proposing to continue discussions with relevant agencies in the near future to evaluate the project implementation possibilities, to develop a “road map” of relevant actions

EU reiterates its interest to strengthen cooperation with Armenian authorities in different areas

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 10:24, 19 May, 2022

YEREVAN, MAY 19, ARMENPRESS. On May 18, the Armenia-EU Partnership Council met for the fourth time in Brussels – for the first time since the Comprehensive and Enhanced Partnership Agreement (CEPA) entered into force on 1 March 2021. The meeting took place in a particularly difficult international context that has created multiple challenges to both the EU and to Armenia in terms of security and economic stability, the Foreign Ministry of Armenia said in a press release.

The Partnership Council reviewed the implementation of CEPA, which covers a wide range of cooperation sectors in political, economic and trade areas, and welcomed the progress achieved. The EU welcomed Armenia’s commitment to CEPA implementation, appreciated positively the reforms undertaken and encouraged the government to pursue its reform agenda to the benefit of Armenian citizens, which the EU fully supports.

The Partnership Council reiterated the shared commitment of Armenia and the EU to human rights, fundamental freedoms, the rule of law and democratic principles. The Partnership Council welcomed the accomplishments to date in the implementation of Armenia’s national strategy for judicial and legal reforms and its national anti-corruption strategy, while acknowledging that challenges remain. The EU is engaged in a constructive policy dialogue with Armenia and provides significant financial and technical support to these reforms efforts. The EU is committed to work with Armenia to make further progress towards freedom of the media and freedom of _expression_, as well as on the fight against discrimination.

In the area of transport, the Partnership Council welcomed the signature of the Common Aviation Area Agreement on 15 November 2021. With this agreement, both sides engage in a process to improve Armenia’s aviation safety that may gradually lead to Armenia’s inclusion in the EU’s aviation market with new air transport opportunities, more direct connections and economic benefits to both sides.

The Partnership Council noted that, following its graduation from the Generalised Scheme of Preferences, Armenia can no longer benefit from the generous access to the EU market offered by the scheme. It however highlighted that while CEPA did not provide for preferential tariffs for trade in goods, it contained important potential for benefitting bilateral trade flows that should be fully exploited.

The Partnership Council agreed that nuclear safety was a priority and took note of Armenia’s progress in this regard and of Armenia’s commitment to fully implement the National Action Plan adopted as a part of the EU supported stress test process. It also reaffirmed the importance of combating climate change under the Paris Agreement and in accordance with the CEPA. To this end, the EU welcomed Armenia’s updated Nationally Determined Contribution targets and encouraged Armenia to adopt a Long-Term Low Emissions Development Strategy, aiming at reaching climate neutrality by 2050, in line with the EU’s commitment.

The Partnership Council welcomed Armenia-EU cooperation in the areas of employment and education, underlining the importance to amend the Labour Code and revise legislation on trade unions and employers to further align the Armenian legal framework with the International Labour Organisation fundamental conventions. The EU encouraged Armenia’s efforts to adopt the new education strategy and reiterated its interest to strengthen cooperation with the Armenian authorities on Education, Training and Youth strategies. The Partnership Council expressed appreciation for the successful cooperation on Erasmus+ and welcomed the association of Armenia to the EU programme Horizon Europe that will allow the continuation of the participation of Armenian researchers and research entities to European Research and Innovation projects.

The Partnership Council took note of Armenia’s willingness to start a visa liberalisation dialogue with the EU. The EU noted the overall good implementation of the Visa Facilitation agreement and of the Readmission agreements and invited Armenia to sustain its efforts.

The Partnership Council agreed on the importance of the Eastern Partnership framework as an essential cooperation platform. It also reiterated that the fundamental issues of democracy, good governance, rule of law, fight against corruption, human rights and gender equality remained the cornerstone of the Eastern Partnership policy framework. The Partnership Council noted that Armenia stood to benefit from the Eastern Partnership’s agenda of recovery, resilience and reform, and from the ambitious Economic and Investment Plan (EIP) with flagship initiatives determined by EU and Armenia, underpinning this agenda that will provide support to stimulate jobs and growth, support connectivity, the green and digital transition, education and development of southern regions.

Ahead of the Partnership Council, the EU issued the Partnership Implementation Report on developments in Armenia and Armenia-EU relations since the previous Partnership Council in December 2020. The report underlines Armenia’s progress in implementing the CEPA and the key role of the EU in supporting it.

The Partnership Council was chaired by the Minister of Foreign Affairs of the Republic of Armenia, Mr Ararat Mirzoyan, and the EU delegation was led by the High Representative and Vice President of the European Commission, Mr Josep Borrell. The Commissioner for Neighbourhood and Enlargement, Mr Olivér Várhelyi also participated in the meeting.

Israel reports first suspected case of monkeypox

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 10:51,

YEREVAN, MAY 21, ARMENPRESS. Israel on Friday reported its first suspected case of the monkeypox virus in a man who had recently returned from a trip to Western Europe, The Times of Israel reports.

The patient is in good condition and is being isolated and monitored, The Times of Israel reported citing the Ichilov Hospital of Tel Aviv.

The virus has spread to at least eight European countries.

European and American health authorities have identified a number of monkeypox cases in recent days, mostly in young men. It’s a surprising outbreak of a disease that rarely appears outside Africa, according to AP.

Health officials around the world are keeping watch for more cases because, for the first time, the disease appears to be spreading among people who didn’t travel to Africa. They stress, however, that the risk to the general population is low.

Monkeypox is a viral zoonosis (a virus transmitted to humans from animals) with symptoms very similar to those seen in the past in smallpox patients, although it is clinically less severe, according to WHO. 

Animal-to-human (zoonotic) transmission can occur from direct contact with the blood, bodily fluids, or cutaneous or mucosal lesions of infected animals.

Human-to-human transmission can result from close contact with respiratory secretions, skin lesions of an infected person or recently contaminated objects. Transmission via droplet respiratory particles usually requires prolonged face-to-face contact.

The incubation period (interval from infection to onset of symptoms) of monkeypox is usually from 6 to 13 days but can range from 5 to 21 days. Monkeypox is usually a self-limited disease with the symptoms lasting from 2 to 4 weeks. Severe cases occur more commonly among children and are related to the extent of virus exposure, patient health status and nature of complications

Warsaw Stock Exchange conditionally approves acquisition of 65.03% stake in Armenian Stock Exchange

NEWS.am
Armenia –

The Board of the Warsaw Stock Exchange conditionally approved the acquisition of a 65.03% stake in the Armenian Stock Exchange, Bankier.pl reported.

On May 12, 2022, the Management Board gave conditional consent to the acquisition of a 65.03% stake in the Armenian Stock Exchange.

Seller, i.e. The Central Bank of Armenia (CBA) currently owns 90.05% of AMX’s authorized capital. As a result of the transaction, the WSE will acquire 967 ordinary shares of AMX, which will give it a 65.03% stake in the total authorized capital of the acquired company, at a price of 826,297,550.00 drams.

The WSE will become the majority shareholder of AMX.

As a result of the transaction, AMX’s ownership structure will be as follows:

– AMX: 148 own shares; 9.95% stake in the authorized capital of the company.

– CBA: 372 shares; 25.02% stake in the authorized capital of the company.

– WSE: 967 shares; Share of 65.03% in the authorized capital of the company.

As a result of the deal, the WSE will indirectly gain control over the Central Securities Depository in Armenia, in which AMX currently owns 100% of the authorized capital.

The total value of the AMX shares acquired by the WSE will be AMD 826,297,550.00 and will be paid in two tranches:

1. The first tranche in the amount of AMD 498,765,150.00, payable after signing the share purchase agreement, obtaining the consent of the Central Bank of Armenia for the purchase of shares and fulfilling other formal conditions required by this agreement.

2. the second, in the amount of 327,532,400.00 drams, payable subject to the completion of all proceedings to which AMX is a party and which were specified in the Share Purchase Agreement in the manner specified therein.

The difference in the price of AMX shares in relation to the price set by the parties in the Terms and Conditions Agreement concluded with the Central Bank of Armenia on September 18, 2020 is due, in particular, to the change in the book value of the company that occurred in the period after signing.

The WSE’s acquisition of AMX shares will depend, in part, on obtaining the necessary corporate approvals. The Board of the WSE asked the Supervisory Board of the WSE for consent to the acquisition of AMX shares.

https://news.am/eng/news/702937.html

Armenian PM arrives in Moscow for CSTO summit

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 11:05,

YEREVAN, MAY 16, ARMENPRESS. Prime Minister of Armenia Nikol Pashinyan arrived in Russia on a working visit on May 16, his office said.

The Prime Minister will participate in the summit of the leaders of the member states of the Collective Security Treaty Organization (CSTO) in Moscow.

Armenia ratified the Council of Europe Convention on Access to Official Documents and the Additional Protocol to the Convention on the Prevention of Terrorism

May 4 2022
STRASBOURG 04/05/2022

On 4 May 2022, Ambassador Arman KHACHATRYAN, Permanent Representative of Armenia, in the presence of the Deputy Secretary General Bjørn Berge, deposited the instruments of ratification of the:   

  • Council of Europe Convention on Access to Official Documents (CETS 205), also known as Tromsø Convention 
  • Additional Protocol to the Council of Europe Convention on the Prevention of Terrorism (CETS 217). 

Both treaties will enter into force for Armenia on 1 September 2022.  

Council of Europe Convention on Access to Official Documents (CETS No. 205)  

This Convention is the first binding international legal instrument to recognise a general right of access to official documents held by public authorities. Transparency of public authorities is a key feature of good governance and an indicator of whether or not a society is genuinely democratic and pluralist. The right of access to official documents is also essential to the self-development of people and to the exercise of fundamental human rights. It also strengthens public authorities’ legitimacy in the eyes of the public, and its confidence in them.  

This Convention lays down a right of access to official documents. Limitations on this right are only permitted in order to protect certain interests like national security, defence or privacy.  

The Convention sets forth the minimum standards to be applied in the processing of requests for access to official documents (forms of and charges for access to official documents), review procedure and complementary measures and it has the flexibility required to allow national laws to build on this foundation and provide even greater access to official documents.  

Additional Protocol to the Council of Europe Convention on the Prevention of Terrorism (CETS No. 217)  

The Protocol to the Council of Europe Convention on the Prevention of Terrorism (CETS No. 196) makes a number of acts, including taking part in an association or group for the purpose of terrorism, receiving terrorist training, travelling abroad for the purposes of terrorism and financing or organising travel for this purpose, a criminal offence. The Protocol also provides for a network of 24-hour-a-day national contact points facilitating the rapid exchange of information.  

The Council of Europe Convention on the Prevention of Terrorism (CETS No. 196) aims to strengthen member States’ efforts to prevent terrorism in two different ways: 

  • by establishing as criminal offences certain acts that may lead to the commission of terrorist offences, namely: public provocation, recruitment and training 
  • by reinforcing co-operation on prevention both internally (national prevention policies), and internationally (modification of existing extradition and mutual assistance arrangements and additional means). 

The Convention contains a provision on the protection and compensation of victims of terrorism. A consultation process is planned to ensure effective implementation and follow up. 

  

More information:  

  • Tromsø Convention
  • Committee on Counter-Terrorism (CDCT)  
https://www.coe.int/en/web/human-rights-rule-of-law/-/armenia-ratifies-the-council-of-europe-convention-on-access-to-official-documents-and-the-additional-protocol-to-the-convention-on-the-prevention-of-t


Central Bank of Armenia: exchange rates and prices of precious metals – 06-05-22

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 17:26, 6 May, 2022

YEREVAN, 6 MAY, ARMENPRESS. The Central Bank of Armenia informs “Armenpress” that today, 6 May, USD exchange rate up by 9.89 drams to 474.38 drams. EUR exchange rate up by 9.77 drams to 502.08 drams. Russian Ruble exchange rate up by 0.06 drams to 7.08 drams. GBP exchange rate up by 4.16 drams to 586.86 drams.

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

Gold price down by 1,029.54 drams to 28860.73 drams. Silver price up by 12.06 drams to 349.49 drams. Platinum price stood at 16414.1 drams.

Asbarez: ANCA-Pasadena Chapter Appoints New Board

ANCA – Pasadena Chapter logo

PASADENA—The Armenian National Committee of America – Pasadena Chapter announced the appointment of its new board.

The newly appointed board will be looking forward to fostering the continuation of a fruitful working relationship with the City of Pasadena, its neighboring cities, and their respective city councils, and to build on their long-standing, established, and respectful association.

The ANCA-Pasadena Chapter Board promises to continue with its enduring mission of leading the community in the right direction in the years ahead as it has in the past, and see to it that the Armenian American community preserves its ability to always be in good stead, thriving and unhindered on its path towards progress.

“The ANCA-Pasadena Chapter continues to relentlessly pursue avenues in which to elevate the Armenian American community’s standing while making strides and leading the way as an example of its prominence in the Community, and the time-honored relationship it has always had with the surrounding Cities,” said Vicken Harboyan, the chapter’s treasurer.

The following are the board members who will be serving on the ANCA board and the Armenian American Community in Pasadena: Donig L. Donabedian, Chairperson; Garen Kirakosian, Esq., Secretary; Vicken Harboyan, Treasurer; David George Gevorkyan; Stephanie Khatchikian.

The Armenian National Committee of America – Pasadena Chapter is the oldest, largest, and most influential Armenian American grassroots organization of its kind within the City of Pasadena. Founded in 1979, the Pasadena ANCA advocates for the social, economic, cultural and political rights of the city’s thriving Armenian American community, and promotes increased civic service and participation at the grassroots and public policy levels.

Government to offer employment support to newly discharged conscripts

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 14:32, 27 April, 2022

YEREVAN, APRIL 27, ARMENPRESS. The Armenian government will offer support in choosing profession and employment to young men after completing mandatory military service.

The Deputy Minister of Labor and Social Affairs Ruben Sargsyan told ARMENPRESS that conscripts will be offered to head to the unified social services office of their regions after being discharged from service. “The purpose is to prevent unemployment, and also to help them to understand what they themselves want to do,” he said.

Meanwhile, over 100 specialists who will provide the consultations are undergoing training.

The training program is aimed at familiarizing the experts with the tools that will allow to support the discharged conscripts in the process of education and training, employment and competitiveness in the job market. The specialists will work to re-integrate and economically activate the discharged conscripts after need assessment.

Opposition activists hold awareness campaign outside YSMU

Panorama
Armenia – April 28 2022

Young opposition activists held an awareness campaign in front of the Yerevan State Medical University (YSMU) on Thursday, urging all students to join the protests in defense of Artsakh and Armenia.

“We urge all YSMU students to join the fight. Artsakh is of great value and will always remain so. Students, stand up!” one of the protesters said.

Afterwards, the young activists installed the Artsakh flag in the yard of the university.

“The land for the liberation of which our brothers fought and sacrificed their lives is ours,” they said, chanting “Artsakh, Artsakh!”.