Armenpress: 2019 was historic year for Armenia from budgetary terms – PM Pashinyan

2019 was historic year for Armenia from budgetary terms – PM Pashinyan

Save

Share

 10:32, 5 June, 2020

YEREVAN, JUNE 5, ARMENPRESS. 2019 was a historic year for Armenia from budgetary terms, the government managed to generate 104 billion drams more in tax revenues than planned from the very start, Prime Minister Nikol Pashinyan said during an online joint session of the parliamentary standing committees, debating the annual report of the 2019 budget performance.

“I want to record that 2019 in terms of the budget was a historic year for Armenia as the government managed to generate 104 billion drams more in tax revenues than it was planned initially. 62 billion drams of these sums became state budget revenues, and nearly in the amount of 42 billion drams the debt of the VAT was returned, the debt which was formed before January 1, 2017. I think this was a historic event. In 2019, an unprecedented 7.6% economic growth was registered, we had a 22.35% taxes-GDP figure”, he said.

Pashinyan said this government is enjoying the opportunity of acting in historic years. The year of 2018 was historic with the peaceful, velvet Revolution in Armenia, with the unprecedented parliamentary elections in the history of the country. The year of 2019 was historic with the economic activity rates and the participation of the citizen and individual to the economy development process. The year of 2020 is at least historic in terms of the coronavirus pandemic. The PM said this year, however, there will be some economic problems due to this pandemic.

Reporting by Anna Grigoryan; Editing and Translating by Aneta Harutyunyan

ECHR delivers judgement in case concerning Gurgen Margaryan

Save

Share

 13:59,

YEREVAN, MAY 26, ARMENPRESS. The European Court of Human Rights has issued a judgement in the case of Makuchyan and Minasyan v. Azerbaijan and Hungary, concerning the presidential pardon of Azerbaijani convicted military officer Ramil Safarov who murdered Armenian officer Gurgen Margaryan in 2004 during a NATO training course in Hungary.

Margaryan was asleep in his room when Safarov attacked him with an axe.

Safarov admitted in court to having killed Margaryan because of his hatred towards Armenia and Armenians. He was sentenced to life in prison by the Hungarian court. However, in 2012 Hungary extradited him to Azerbaijan. He was released upon arrival, glorified on the state-level and pardoned by President Aliyev.

The ECHR found “that there had been no justification for the Azerbaijani authorities’ failure to enforce the punishment of R.S. and to in effect grant him impunity for a serious hate crime”.

The ECHR found that “Azerbaijan had clearly endorsed [Ramil Safarov’s] acts, not only by releasing him but also by promoting him, paying him salary arrears and granting him a flat upon his return.”

The court unanimously voted that there had been a procedural violation by Azerbaijan of Article 2 (Right to Life) of the Convention, by six votes to one, that there had been a violation by Azerbaijan of Article 14 (prohibition of discrimination) taken in conjunction with Article 2. The ECHR found that there were no facts to suggest that the Hungarian authorities could’ve been aware about Safarov’s future release.

The applicants had not expected financial compensation: in an earlier interview they said they seek justice and Azerbaijan’s condemnation. They only requested the court 15,143 pounds compensation for covering the expenses of lawyers. The court found that Azerbaijan must make the payment.

Editing and Translating by Stepan Kocharyan

PM Pashinyan reported on 2019 activity of foreign ministry

Save

Share

 16:17,

YEREVAN, MAY 25, ARMENPRESS. Hearings on reports of 2019 activities of the public administration bodies continue in the government chaired by Prime Minister Nikol Pashinyan, the PM’s Office told Armenpress.

Today, on May 25, Foreign Minister Zohrab Mnatsakanyan reported the PM on the 2019 activity of the ministry.

In particular, the minister reported the works carried out on the directions of Armenia’s foreign policy priorities. He touched upon the actions taken for the peaceful settlement of the Nagorno Karabakh conflict, the international recognition and condemnation of the Armenian Genocide, the prevention of genocides and crimes against humanity, promotion of the agenda for protection of human rights, development of cooperation at bilateral and multilateral platforms. The minister said the Armenian diplomacy with its activity has affirmed that sovereignty is the most important principle of Armenia’s foreign policy and together with the two other principles – pan-Armenianism and mutual cooperation, it ensures the pursuit of the values and interests of the Armenian people at the international arena.

The FM introduced the steps taken to further develop the mutual partnership with Russia, the US, the countries of the European Union and the European continent, including with France and Germany, as well as with neighbors Georgia and Iran, the relations with the countries of various regions.

PM Pashinyan highlighted the development of relations with all partners and the implementation of consistent works aimed at fully utilizing and strengthening the potential of Armenia’s diplomatic service. He highlighted the necessity of expanding the economic component in the foreign policy process. “The foreign policy in all directions must be accompanied by presentation and involvement of economic projects”, he said. Nikol Pashinyan also emphasized the need to develop a new concept for fully utilizing the pan-Armenian potential, taking into account the changes and processes in the Diaspora in the past decades. He gave concrete tasks to the responsible officials over the foreign policy.

Editing and Translating by Aneta Harutyunyan

RFE/RL Armenian Report – 05/25/2020

                                        Monday, 
Former Security Chief Coy About Pashinian’s ‘Deal Offer’
        • Sargis Harutyunyan
Armenia -- Former National Security Service Director Artur Vanetsian speaks to 
journalists, .
Artur Vanetsian, the former head of Armenia’s National Security Service (NSS), 
on Monday declined to confirm or deny claims that he had offered former 
President Serzh Sarkisian’s fugitive son-in-law a far-reaching deal on behalf of 
Prime Minister Nikol Pashinian.
Mikael Minasian, who had enjoyed considerable clout during Sarkisian’s 
decade-long rule, claimed on May 2 that Pashinian offered to guarantee his and 
his father’s immunity from prosecution if he pledges to pay cash and stop 
challenging the Armenian government. He said Vanetsian personally communicated 
Pashinian’s proposal to him during a February 2019 meeting held in Rome.
Pashinian has refused to comment on Minasian’s allegations, saying that they are 
investigated by the Special Investigative Service (SIS). The law-enforcement 
agency summoned Vanetsian for questioning on May 7. The latter reportedly 
refused to give any testimony.
The SIS tried to question Vanetsian again on Monday. The former NSS chief, who 
is now a bitter critic of Pashinian, gave no details of the interrogation when 
he spoke to journalists after emerging from the SIS headquarters.
Asked whether what Minasian said is true, he said: “I neither refute it nor 
refuse to refute it. I don’t comment.” He argued that he is not allowed to 
breach “the secrecy of the investigation.”
Vanetsian claimed late last year that he met with Minasian on the prime 
minister’s orders when he ran Armenia’s most powerful security service. He stood 
by that statement on Monday but again did not elaborate.
“I can only say one thing: I acted solely within the bounds of my legal powers,” 
Vanetsian told RFE/RL’s Armenian as he made his way into the SIS building.
Armenia -- Mikael Minasian.
Minasian, who now lives abroad, made the allegations one week after it emerged 
that he was charged with illegal enrichment, false asset disclosure and money 
laundering earlier this year. He rejected the accusations as politically 
motivated.
Pashinian has repeatedly accused Minasian of illegally making a huge fortune 
during Sarkisian’s rule.
A newspaper controlled by the prime minister alleged in January that Minasian 
and Vanetsian have joined forces in a bid to topple him. Also, a spokeswoman for 
Pashinian claimed late last month that “according to the government’s 
information” Vanetsian abused his NSS position to buy Minasian’s minority stake 
in Armenia’s largest mining company. Vanetsian strongly denied that.
Vanetsian resigned as NSS director last September after falling out with 
Pashinian for still unclear reasons. He officially announced his entry into 
politics in February, saying that he is setting up an opposition party for that 
purpose.
In recent months, the former security chief has repeatedly accused Pashinian of 
incompetence and misrule and called for his resignation.
Opposition Lawmakers Return To ‘Violent’ Parliament
        • Gayane Saribekian
Armenia -- Pro-government and opposition deputies brawl on the parliament floor, 
Yerevan, May 8, 2020.
The opposition Bright Armenia Party (LHK) ended on Monday a two-week boycott of 
sessions of the parliament despite accusing its pro-government majority of not 
renouncing violent responses to criticism.
LHK lawmakers walked out of the National Assembly on May 8 following a brawl 
involving their leader Edmon Marukian and deputies from Prime Minister Nikol 
Pashinian’s My Step bloc. One of those deputies, Sasun Mikaelian, punched 
Marukian while the latter spoke on the parliament floor in the presence of 
Pashinian and government ministers.
Pashinian deplored the violence but blamed it on LHK “provocations.” Marukian’s 
party charged in response that he thereby “justified, legitimized and 
encouraged” violence against his political opponents. It also demanded 
Mikaelian’s resignation.
The ruling bloc responded by saying that Mikaelian will resign from the 
parliament only if Marukian quits too.
The brawl prompted a preliminary inquiry by Armenia’s Special Investigative 
Service (SIS). The law-enforcement body announced at the weekend that it cannot 
indict anyone because neither Marukian nor any other parliamentarian suffered 
multiple blows during the May 8 incident. Citing a “precedent-setting” ruling 
handed down by the Court of Cassation in 2012, the SIS said that a “single blow 
cannot be qualified as a beating.”
Armenia -- Bright Armenia Party leader Edmon Marukian at a news conference in 
Yerevan, April 20, 2020.
The LHK rejected this explanation on Monday. It said footage of the incident 
clearly shows that its leader was hit not only by Mikaelian but also two other 
My Step deputies. In a statement, the opposition party also insisted that the 
SIS has enough evidence to bring charges under another article of the Criminal 
Code that deals with “hooliganism.”
Marukian said the authorities’ response to the LHK boycott suggests that a 
repeat of the May 8 violence may well be possible.
“We have drawn conclusions and will return to work with those conclusions in 
mind and in the knowledge that at some point someone could hit us from behind. 
We have to be careful and look back and around us,” he told a news conference.
“We are dealing with people who can hit us from behind, people who justify 
violence, people who do not tolerate dissent and label it as a provocation,” 
claimed the LHK leader.
Alen Simonian, a deputy parliament speaker and senior My Step member, shrugged 
off these claims.
“People have seen everything and know who Edmon Marukian is in the political 
sense,” said Simonian. “The authorities have condemned violence and never 
resorted to it, even when the public demanded it.”
Arrests Spark Protests In Armenian Town
        • Naira Bulghadarian
Armenia -- Kajaran Mayor Manvel Paramazian (L) leads a demonstration outside a 
police station in Kapan, 
Hundreds of residents of Karajan, a small town in southeastern Armenia, took to 
the streets on Sunday to protest against the arrest of four local men linked to 
its mayor.
The mayor, Manvel Paramazian, led the daylong protests after condemning the 
“unfounded arrests” and claiming that they are part of his “political 
persecution” by law-enforcement authorities.
Paramazian’s protesting supporters gathered outside a police station in Kapan, 
the nearby capital of the country’s Syunik province, where the arrested men were 
held on suspicion of violent assault. Angered by rumors about their 
ill-treatment in police custody, the crowd tried to stop the local police from 
transferring the suspects to Yerevan.
Syunik Governor Hunan Poghosian addressed it, promising that the criminal 
investigation will objective. The protesters refused to disperse, however.
Paramazian added to their fury after being allowed to enter the police station 
and see the detainees. He alleged that they were indeed tortured by policemen.
Still, the protesters agreed to unblock the entrance to the police station at 
Paramazian’s urging at around midnight. The mayor said local officials assured 
him that the probe will be fair and that the men connected to him will not be 
subjected to violence.
In a late-night statement, Armenia’s Investigative Committee clarified that the 
arrested men are suspected of kidnapping and beating up another Kajaran resident 
late last month. It said investigators also found large quantities of marijuana 
in a house belonging to one of the suspects.
The statement indicated that Paramazian is also regarded as a suspect in the 
case. It said investigators are now trying to “verify” and “ascertain” the 
mayor’s possible involvement in the violence.
Paramazian, who has run the industrial town since 2016, confirmed that the 
police searched his home last week.
Meanwhile, prosecutors in Yerevan said on Monday that they have instructed 
another law-enforcement body, the Special Investigative Service, to investigate 
the torture allegations. Also, the national police chief, Aram Sargsian, ordered 
an internal inquiry for the same purpose.
A lawyer representing one of the arrested men, Khoren Mirzoyan, told RFE/RL’s 
Armenian service that his client did not claim to have been ill-treated by 
policemen when they spoke on Sunday. He also said that Mirzoyan denies any 
involvement in the alleged violence.
Located about 370 kilometers southeast of Yerevan, Kajaran is home to Armenia’s 
largest mining enterprise. The Zangezur Copper-Molybdenum Combine (ZCMC) employs 
more than 4,000 people. Many of them are Kajaran residents.
According to the Investigative Committee, the four arrested men also work at 
ZCMC.
Armenian PM Blames Businesses For Coronavirus Spike
Armenia -- Prime Minister Nikol Pashinian addresses the nation on Facebook, May 
24, 2020.
Prime Minister Nikol Pashinian held businesses reopened by his government over 
the past month primarily responsible for the accelerating spread of coronavirus 
in Armenia which resulted in another daily high of COVID-19 cases and deaths on 
Sunday.
The Armenian Ministry of Health said on Monday morning that as many as 452 
people tested positive for coronavirus in the past day, bringing to 7,113 the 
total number of confirmed cases in the country of about 3 million. The latest 
daily number of new infections is sharply up from the previous record high of 
374 cases recorded on Friday.
With the ministry reporting 6 more deaths, the official death toll from the 
epidemic rose to 87. It does not include the deaths of 39 other people infected 
with the respiratory disease. The ministry claims that they died primarily as a 
result of other, pre-existing conditions.
Six such fatalities were registered on Sunday. One of the victims is a 
31-year-old woman who gave birth about a week ago, according to a ministry 
statement.
Pashinian took to Facebook late on Sunday to discuss this “very dangerous 
situation” and present further actions planned by the Armenian authorities.
“The main reason for the rise in the number of cases is industrial enterprises,” 
he said in a video address. “More than 75 percent and even 80 percent of [new] 
cases are registered in industrial enterprises and the services sector.”
Armenia -- A busy cafe in downtown Yerevan, May 14, 2020
Pashinian accused those businesses of failing to observe social distancing and 
hygiene rules set by the government. He said the government will now enforce 
tougher penalties for such violations.
“Those cafes, restaurants, bank branches, manufacturing enterprises or 
hairdresser salons which do not observe the safety rules will be harshly shut 
down,” he declared.
Pashinian’s government ordered the closure of most nonessential businesses and 
seriously restricted people’s movements as part of a nationwide lockdown imposed 
in late March. But it began relaxing these restrictions already in mid-April.
Although the daily numbers of confirmed COVID-19 cases steadily increased in the 
following weeks, most sectors of the Armenian economy were reopened by May 4. 
The government went on to lift its ban on public transport and allow 
kindergartens, shopping malls, indoor restaurants and gyms to resume their work.
Opposition figures and other critics say that the authorities ended the lockdown 
too soon and never enforced it properly in the first place.
Pashinian effectively acknowledged on Sunday that the lifting of the lockdown 
has contributed to the spread of the virus. But he insisted that the measure was 
necessary for economic reasons.
Accordingly, the prime minister gave no indications that he may restore lockdown 
restrictions. He made clear instead that the authorities will continue to put 
the emphasis on the “people’s consciousness.” He again urged them to practice 
social distancing and wear face masks in all enclosed spaces and shops in 
particular.
Armenia -- People stroll in the center of Yerevan, May 22, 2020.
Armenians have already been required for the last few weeks to wear masks and 
gloves when entering shops, banks and other businesses. There has been ample 
evidence of widespread non-compliance with this requirement, however.
Health Minister Arsen Torosian repeatedly warned last week that the number of 
people dying from coronavirus could rise sharply soon. He is particularly 
worried about an impeding shortage of intensive care beds at the Armenian 
hospitals treating COVID-19 patients.
In a Facebook post, Torosian said on Sunday evening that 154 of 186 such beds 
available in the country are already occupied. He also wrote: “We have 230 
patients in a serious condition and 52 patients in a critical condition.”
Faced with the soaring number of new cases, the health authorities on Friday 
stopped hospitalizing or isolating infected people showing mild symptoms of the 
virus or none at all. Such individuals are now supposed to self-isolate at home.
Reprinted on ANN/Armenian News with permission from RFE/RL
Copyright (c) 2020 Radio Free Europe / Radio Liberty, Inc.
1201 Connecticut Ave., N.W. Washington DC 20036.
 

Sports: 2019–20 Armenian Premier League – Pyunik vs Ararat-Armenia Preview & Prediction

The Stats Zone

THE FACTS

When is Pyunik vs Ararat-Armenia taking place? Saturday 23rd May, 2020 – 15:15 (UK)

Where is Pyunik vs Ararat-Armenia taking place? Vazgen Sargsyan anvan Hanrapetakan Marzadasht, Yerevan

Where can I get tickets for Pyunik vs Ararat-Armenia? Ticket information can be found on each club’s official website

What television channel is Pyunik vs Ararat-Armenia on? This match will not be televised live in the UK

Where can I stream Pyunik vs Ararat-Armenia? This match cannot be streamed live in the UK

THE TEAM NEWS

PYUNIK

  • Pyunik lost a crucial encounter against Noah in their last match before the league was disrupted and it was a defeat which left them four points adrift of the top six.
  • Prior to that setback they had won three of their last four league matches to put themselves in with a good chance of breaking into the Championship Round play-off positions.
  • It is their defensive record that has been a weakness throughout the campaign so far and entering this round of matches they have conceded 33 goals in 17 matches compared to 32 goals conceded in 32 matches during the 2018-19 league season.

ARARAT-ARMENIA

  • Ararat-Armenia went into the enforced break with a lead at the top of the league table of two points and will be looking to pick up from where they left off as they aim to retain the title that they claimed last year.
  • They registered back-to-back wins against Ararat and Shirak before the postponement of campaign back in March and also notably kept clean sheets in both of those matches.
  • Much of their success this season has been built on their home form which has been formidable with seven wins and two draws from nine matches but away from home they have not been as dominant.
 

THE PREDICTION

The defending Armenian Premier League champions Ararat-Armenia will be aiming to extend their lead at the top of the table with a win against the team who finished second last season. Pyunik are a shadow of the team that finished as runners-up last season and they face a tough task to try and stop their opponents from claiming the three points. It is unlikely that they will be solid enough in defence to do so.

Non-resident deposits in Armenia grew by 337 billion drams in 2019

Save

Share

 12:41,

YEREVAN, MAY 16, ARMENPRESS. The nearly 48% growth in deposits of non-residents in Armenia in 2019 is a result of high trust of foreign economic entities towards the country’s financial system, Armenian Prime Minister Nikol Pashinyan said today at a press conference, presenting 100 facts about new Armenia.

“In 2019 the deposits attracted by non-residents have increased by 48% or 337 billion drams and comprised nearly 1 trillion drams. On the one hand, this trend is in accordance with the global practice of capital flow from low interest rate markets to high interest rate market, and on the other hand, it reaffirms the strengthening of trust among foreign economic entities towards Armenia’s economy, as well as its financial system”, the PM said.

He said foreign companies or individuals trust more Armenia’s banking system, invest deposits, carry out activity and take loans.

At the same time, the loans provided to non-residents have increased by 3% or 7 billion drams and comprised 245 billion drams.

Reporting by Anna Grigoryan; Editing and Translating by Aneta Harutyunyan

"Bright Armenia" accused Nikol Pashinyan of establishing authoritarianism

Arminfo, Armenia

ArmInfo.The Bright Armenia Party issued a statement in connection with the incident on May 8 in parliament. This was reported by the press service of the party.

The statement said that .

It says that

The statement also said: .

The Bright Armenia believes that the prime minister deliberately put  a label on the representatives of the Bright Armenia party in order  to justify the “hooligan behavior of the ruling faction”. Moreover,  representatives of the faction call everyone who criticizes them as  enemies of the people and the state, and the vendetta against them is  already “legalized”. The incident, according to the Party, speaks of  intolerance of the ruling faction. The end result of such a policy of  denial of one’s own mistakes will lead to the establishment of  authoritarianism in the country.

, the statement emphasizes.

In conclusion, it is emphasized that the Bright Armenia Party  condemns the incident, and in the future it will be impossible to  silence all opponents even by using force. .

It should be noted that the work of the National Assembly of the  Republic of Armenia on May 8 was interrupted due to the conflict that  arose between the head of the Bright Armenia faction Edmon Marukyan  and the lawmaker of the National Assembly from the My Step faction  Sasun Mikayelyan. Other members of parliament were involved in the  assault. Clarification of relations with the participation of  parliamentarians continued during the announced break, after which  the conflicting parties finally dispersed.

Strength, service and sustenance — Armenian restaurants unite to donate meals to MGH

Wicked Local, MA
May 6 2020
By Kristina Ayanian

In honor of the 105th anniversary of the Armenian Genocide, five Armenian-owned restaurants collectively donated more than 150 meals on April 24 to fuel the night shift crew tirelessly working the Emergency Department at Massachusetts General Hospital during the global pandemic.

Ani Catering & Cafe, Anoush’ella Kitchen, Jana Grill & Bakery, Noor Mediterranean Grill and Phinix Mediterranean Kitchen each added their own flare to individually packaged meals filled to the brim with flavorful kebabs and falafel, shawarma wraps and stuffed grape leaves complimented with hummus, warm rice and zesty salad.

The sound of sirens was buzzing in Boston on a blustery Friday night, as police were escorting cars to move out of traffic. Ambulances were rushing in as quickly as they were leaving the parking lot outside of the main entrance on Fruit Street. Three vehicles pulled up to find grateful emergency staff ready to help unload 20 large bags of food onto two overflowing carts. Moments later, restaurant owners waved goodbye, as MGH staff carefully wheeled the carts inside to hungry and fatigued frontline workers. The owners glanced at each other in silence with a shared sense of longing standing six-feet apart before heading to their cars to go home. Given the circumstances, they miss out on the personal touch, that face to face delivery to their customers and comforting each other on the solemn occasion.

“I believe that a home-cooked meal can heal the soul,” said Arsen Karageozian, owner of Noor Mediterranean Grill in Somerville, redefining the broader meaning of food in the Armenian cuisine. “I hope my food provided a bit of comfort that our heroes on the front lines deserve.”

Each restaurant carefully timed their meal preparations in insulated bags and boxes to ensure the meals were hot and ready upon delivery.

“Everyone followed us to the break room,” said the charge coordinator after delivery.

You could see their smiles through their face masks in pictures sent to the Armenian Weekly.

Food is an _expression_ of love for Nina Festekjian and her family. As the owner of Anoush’ella in Boston, she strives to share that passion with the greater Boston community.

“Armenian food is a way to feel continually connected to our heritage while connecting with our family and friends in the present,″ she said.

“We love the community and we cherish any opportunity we can get to show how much the community truly means to us,” said Hovannes Janessian, owner of Ani Catering & Cafe of Belmont, while emotionally reflecting upon the memories shared in the community through his family’s food throughout the years. “Our community was built on collective involvement.”

While these successful Armenian-owned food joints regularly donate food individually, their unity on April 24 proves that Turkey failed to exterminate the Armenian population. They hustled overtime to collectively represent the entire Armenian community of Boston and brought smiles to those who needed it most on that Friday night, together.

“Most of these small-time food operators are usually busy competing against each other but seeing them come together for a cause bigger than them individually is a powerful moment,” said Sam Pogosov of Phinix Mediterranean Grill in Waltham.

He recalled a powerful Armenian message from his grandfather that guides his everyday life, “Do good and throw it in the water. It shall not sink.”

“Uniting together was a small gesture but it had such a powerful symbolic meaning to me,” said Sarkis Keryan, owner of Jana Grill & Bakery of Watertown. “Most of us (Armenians) are now alive because our great grandfathers or great grandmothers were able to escape the genocide, go through incredible hardships and build a life for themselves and their children. By uniting and helping others, we not only show unity in chaos but we also celebrate all the survivors of the Armenian Genocide.”


Asbarez: Canada Clarifies Position on Artsakh

May 8, 2020

Canada’s Foreign Minister François-Philippe Champagne

OTTAWA, Canada—In a letter addressed to the Armenian National Committee of Canada on May 4, Canada’s Minister of Foreign Affairs, François-Philippe Champagne clarified Canada’s position on Artsakh.

Contrary to the diplomatically irresponsible and one-sided tweet published by the Canadian Embassy in Ankara, following the General Election held in the Republic of Artsakh on March 31, Minister Champagne clearly stated that Canada fully supports the OSCE Minsk Group Process, the peaceful resolution of the conflict and the principle of self-determination – among others – as outlined in the Helsinki Final Act.

“While I regret any concern that this tweet may have caused the Armenian National Committee of Canada and the Canadian-Armenian community, I would like to reassure you that there has not been any change to our long-standing position on Nagorno-Karabakh,” said the minister in his letter.

“We are satisfied to see that the Minister has restored the balance vis-à-vis Canada’s position on this issue of paramount importance to Armenian-Canadians, effectively overriding the lopsided and foreign-influenced tweet published by the embassy in Ankara,” said Hrag Tarakdjian and Shahen Mirakian, co-presidents of the ANCC.

“The position of Canada remains based on our strong and consistent support for the Organization for Security and Co-operation in Europe (OSCE) Minsk Group’s work toward a negotiated solution, and our position does not prejudge the outcome of this process. Canada agrees with the Minsk Group that there can be no military solution to the conflict and that any resolution must take into account the Helsinki Final Act. We want peaceful societies, and we will support the solution, when achieved,” concluded the minister in his letter addressed to the ANCC.

“There is still a lot more that needs to be done on this issue and the ANCC will continue to stand at the forefront and work with our government to ensure that the fundamental human rights of the people of Artsakh are protected and upheld” concluded Tarakdjian and Mirakian.

On April 3, the ANCC forwarded a letter to Minister Champagne, raising serious concerns regarding the tweet, asking for its retraction and for the Minister to recall the ambassador for his irresponsibility and inability to uphold Canada’s balanced foreign policy.
The ANCC is the largest and the most influential Armenian-Canadian grassroots human rights organization. Working in coordination with a network of offices, chapters, and supporters throughout Canada and affiliated organizations around the world, the ANCC actively advances the concerns of the Armenian-Canadian community on a broad range of issues and works to eliminate abuses of human rights throughout Canada and the world.

Armenia’s Central Bank reduces refinancing rate by 0.25%, sets it at 5.0%

Save

Share

 16:05,

YEREVAN, APRIL 28, ARMENPRESS. During today’s session the Board of the Central Bank of Armenia made a decision to reduce the refinancing rate by 0.25%, setting it at 5.0%, the CBA told Armenpress.

In March 2020 0.5% inflation was registered in the Republic, compared to the 0.1% inflation in March 2019. In such circumstances the 12-month deflation was cut and comprised 0.1%.

The spread of the novel coronavirus and the healthcare measures for its prevention greatly and negatively affect the global economy, including the economic growth of Armenia’s partner countries, as well as have increased the fluctuation of raw material and food prices. Although the fluctuation of financial markets mitigated with the joint efforts of the central banks of leading countries, uncertainties and risks still remain at a high level. It’s estimated that this process will have a deflationary impact on Armenia’s economy.

Due to the negative impact of the coronavirus pandemic, economic activity in almost all spheres of the economy was declined in March 2020 compared to March 2019. According to the Bank’s forecasts, the decline in economic activity will deepen in the second quarter conditioned by the decline in both the demand and the supply. It’s estimated that the gross demand will also remain weak in the future, but it will be somehow mitigated by the anti-crisis measures taken by the Government of Armenia. At the same time, the uncertainties over the timeframe of overcoming the disease and the restoration of the economy have also grown, and after their minimization only it would be possible to assess more long-term changes of the structure and prospects of the Armenian economy.

Taking into account the ongoing and predicted foreign and domestic developments, the weakening demand, the current low inflationary environment and the stabilization of financial markets, the CBA Board finds it appropriate to increase the amount of promoting the monetary-credit terms, by reducing the refinancing rate.

Currently, uncertainties over short-term and long-term economic developments are quite high, which the Bank is also trying to take into account in its actions. In case of any risks the Bank is ready to clarify its policy respectively by ensuring the price stability in the medium-run. 

Editing and Translating by Aneta Harutyunyan