GDP Growth In Armenia Recorded At 10.3 Percent

GDP GROWTH IN ARMENIA RECORDED AT 10.3 PERCENT

ARKA
Aug 5, 2008

YEREVAN, August 5. /ARKA/. GDP growth in Armenia was recorded at 10.3
percent at the first half of 2008.

This is the third highest result in Commonwealth of Independent States.

The CIS Statistical Committee says that Azerbaijan showed the highest
rate of GDP growth – 16.5% and Tajikistan the lowest rate – 5.8%.

According to the statistical report, CIS economic growth averaged
8 percent.

Belarus with its 10.4 percent follows Azerbaijan. Russia’s economic
growth was recorded at 8.2%.

Kazakhstan’s economy grew 4.4% (on basic kinds of economic activity),
Uzbekistan’s rose 9.3%, Ukraine’s 6.3%, Data on Georgia (9.3%) and
Moldova (4.3%) for the first quarter is available. Data on Turkmenistan
is not available at all.

BAKU: Body Of Armenian Intelligence Officer Killed While Crossing Az

BODY OF ARMENIAN INTELLIGENCE OFFICER KILLED WHILE CROSSING AZERBAIJANI BORDER HANDED OVER TO ARMENIA

Azeri Press Agency
Aug 5 2008
Azerbaijan

Baku. Nazakat Mashadialigizi – APA. The body of intelligence officer of
Armenian armed forces Gor Manasaryan, who was killed while attempting
to cross Azerbaijani territory on July 19, has been handed over to
Armenia this afternoon.

APA’s west bureau reports that the body was handed over in Bala
Jafarli village of Gazakh Region, which borders on Armenia, at 15.20.

A group of intelligence officers of Armenian armed forces attempted
to cross Azerbaijani border in the direction of Aghdam village
of Tovuz Region on July 19 at 00.30. One intelligence officer was
killed when Azerbaijani servicemen tried to prevent this attempt,
the others escaped. The body of Gor Mikhaylovich Manasaryan and his
weapon remained in Azerbaijan.

Central Bank Of Armenia Presents Yet Another Modest Interest Rate Ri

CENTRAL BANK OF ARMENIA PRESENTS YET ANOTHER MODEST INTEREST RATE RISE
by Venla Sipila

World Markets Research Centre
Global Insight
August 5, 2008

The board of the Central Bank of Armenia (CBA) has decided to lift
its official refinancing rate to 7.50%, ARMNIFO News reports. This
move presents a 25 basis point increase in the policy rate, the
seventh such move in as many months. The decision closely follows
the publication of July inflation data, which showed month-on-month
(m/m) deflation of 2.2%, but also renewed speeding up of annual price
growth to 10.7% (see Armenia: 4 August 2008: ). The CBA analysed that
the recent easing of some food prices in international markets has
not filtered though to domestic inflation while high energy prices
continue to present second-round pressure on non-food and service
prices. The Bank further indicates that the behaviour of world market
oil prices continues to signal uncertainty, even though they have
fallen modestly in the very recent developments. The CBA adds that
further revisions in the policy rate will depend on the impact of
international food prices on the domestic market.

Significance: The further increase in the interest rate was expected,
given that the Armenian inflation rate keeps running well above the
CBA’s target rate of 4%. The CBA has in recent years proven fairly
competent in its monetary policy, showing ability and willingness to
remain vigilant regarding inflation control. The Armenian government
has also recently pledged wide-ranging efforts to curb rapid price
rises. However, the central bank’s key means for curbing inflation in
the still relatively undeveloped financial environment has been letting
the dram appreciate considerably in response to strong remittance and
foreign investment inflows. In addition to inflation being pushed
upwards from the cost side due to high prices of food and energy,
demand-side price pressures also continually play a role, as the robust
Armenian GDP growth has proved surprisingly reluctant to cool. As
domestic demand is partly boosted by high budget spending, including
fiscal restraint would be advisable as part of inflation-controlling
efforts, as also recently urged by the International Monetary Fund
(IMF; see Armenia: 23 June 2008:).

Aztag Daily: An Important Communication Bridge With The Armenian Wor

AZTAG DAILY: AN IMPORTANT COMMUNICATION BRIDGE WITH THE ARMENIAN WORLD
By Appo Jabarian, [email protected]

USA Armenian Life Magazine
July 31 2008
CA

During the many decades that I have lived as an Armenian-Lebanese
in the Diaspora, also known as "al-mahjar" in Arabic, never have I
broken my ties with my birthplace and especially the Armenian-Lebanese
community.

Lebanon, and many countries of the Middle East — and especially those
in the vicinity of the genocidal killing fields in Turkish-occupied
Western Armenia — Syria, Iran, Iraq, Jordan, Palestine (Israel did
not exist back then) and Egypt, have a special place in the hearts
of Armenians worldwide. It is with deep sense of gratitude that I,
along with succeeding Armenian generations, remember that these noble
states sheltered our orphaned grandparents escaping from the genocide
of 1915-1923.

For me as an Armenian-Lebanese, one of the ways to keep in touch with
Lebanon has been the Armenian-Lebanese media mainly consisting of ARF
Dashanktsutiune’s Aztag daily, Hunchakian party’s Ararad weekly, and
Ramgavar party’s Zartonk bi-weekly. In recent years, I have visited
the editorial offices of the party organs and others and had very
interesting and educating conversations with their respective editors.

During my and my siblings’ (Ani, Vatche and Sako) formative years in
the 1960’s and the ’70’s, our household in Nor Sis (New Sis, named
after the capital of the Armenian Kingdom of Cilicia), in the Armenian
municipality of Bourj Hamoud, was continuously enriched by various
Armenian publications and Aztag was certainly one of them. To me,
Armenian publications and equally respectable Lebanese dailies such
as the Arabic-language Al-Nahar and Al-Anwar, and the French-language
L’Orient-Le Jour and Le Soir, and monthly La Revue Du Liban were a
home within a home.

Each publication has a unique history; some of them spanning over
several decades. Recently Aztag daily turned 80 years old. Each of the
passing 80 years brought technological and publishing challenges that
were successfully overcome by the staff of Aztag under the watchful
eyes of thousands of avid readers in Lebanon and around the world.

Despite navigating through eight continuous and sometimes arduous
decades, this Armenian daily does not show any signs of weakening. It’s
the opposite. It has become very relevant for Armenians in the
Diaspora.

In order to present our readers with a glimpse of day-to-day life at
Aztag, I conducted an interview with Shahan Kandaharian, a young and
creative Editor.

The following is the text of the conversation:

JABARIAN: How do you explain the eighty year-long existence and
prosperity of Aztag despite the crises experienced by Lebanon and
the Armenian-Lebanese community?

KANDAHARIAN: Talking about Aztag Daily’s noticeable progress requires
subjective narration, which I would like to avoid. Nevertheless it
would be fair to make notes in an objective fashion or to discuss
the achieved plans. I’m convinced that one should not be satisfied;
there is still more to be accomplished; and follow-up efforts still
need to be carried out. The founders and the succeeding directors all
have made invaluable contributions. It is thanks to them that the daily
continues to breathe and to thrive since its inception 80 years ago.

I think, working in synch with contemporary demands, in terms of both
content and style, is the main prerequisite for ensuring the daily’s
continuity. You know firsthand, as to how extensive an effort must
be made on a daily basis in order to carry out uninterrupted daily
publishing throughout the past decades. And in the case of Armenian
media, one can envision the level of devotion and commitment by
my predecessors.

I’d like to add that it is impossible to imagine the daily’s survival
without the ideological power which backs the daily: The Armenian
Revolutionary Federation. The Dashaktsutiune’s multi-faceted
contributions are the principle source of the daily’s vibrant
performance.

We should also recognize the decades-long beautiful tradition of
group cooperation that has been the prevailing modus operandi among
all the departments – editorial, management, technical, printing
and distribution.

It is the entirety of all these elements that in the face of
crises, difficulties and tribulations experienced by Lebanon and
the Armenian-Lebanese community enabled the daily to be in a leading
position in the Armenian media.

JABARIAN: How do you rate the level of effectiveness of the
Armenian-Lebanese media in general and Aztag specifically?

KANDAHARIAN: I can only venture to talk about Aztag. The size of
the readership of our electronic medium/website or the number of the
visitors surpasses the number of the readers of the print version. To
be fair, the Armenian-Lebanese expatriates’ existence outside of
Lebanon plays an important role in making Aztag Daily’s website
so popular.

In a very short period after the website was launched that we realized
that the longing by Armenian Lebanese is an integral factor. In other
words, Aztag Daily’s website () has become a bridge
of communication for the Armenian-Lebanese and for that matter all
Armenians who are interested in closely following developments in
the community in Lebanon.

Our website has a multi-media section. An increasing number of
readers visit the website in order to watch certain interviews or
to read a particular news item, written in a concise style, about an
event organized by a certain organization. Now we’re in the planning
stages for facilitating direct web casting of events, interviews,
press conferences and round table discussions.

The website also facilitates the flow of news. The website’s stability
in timely dissemination of the news about the Lebanese political and
security tribulations has become indispensable especially for those
circles that continue to be deeply concerned about the welfare of
their compatriots.

JABARIAN: For many, Aztag daily has become "a second school." Can
you please elaborate?

KANDAHARIAN: Today, I wouldn’t go that far in qualifying Aztag
daily as being "a second school." For the preceding generations, I
think a similar statement would have been appropriate based on their
testimonies. But today, I don’t come across similar testimony made
by members of middle or younger generations. In terms of the crowded
field of international media, Aztag Daily’s primary function for the
Armenian reader is to first and foremost be a means to follow Armenian
community life and to evaluate the role played by the Armenian factor
in the general political landscape of Lebanon.

JABARIAN: Is the electronic media a threat to the existence of the
print media?

KANDAHARIAN: The World Wide Web and its facilitation of electronic
media naturally is a revolution in the field of journalism. The
print media’s ability to disseminate news is slow. Today, the speed
of dissemination by concerned parties of news regarding any event,
taking place in any corner of the world, is enhanced by the technology
of satellite transmission via websites.

When TV became popular, people started saying that the print media’s
role has become meaningless. When TV entered into peoples’ homes
some started questioning the importance of radio. When the web became
popular and the electronic media proliferated, the question of the day
became: "Has the print media become endangered?" The fact remains that
today, the radio, print media with its varying formats, and TV are all
working. I’m convinced that all the mass media – although different
in format and style – will continue to function. The issue remains
to be the challenge of adaptation to new conditions of speedy accuracy.

JABARIAN: Can you talk about the activities organized by Aztag Daily?

KANDAHARIAN: In addition to the ten-page daily, there is the task of
maintaining the website in English language format and the flow of
news. We also have the publication of the weekly supplement of Yerkir
weekly in Mesrobian (classical) Armenian orthography; the children’s
"Bzdig M’uzdig" ("Little Mittle") publication that has been widely
acclaimed and that serves the purpose of establishing a tie between
the child and the print media from a very young age. The young children
not only read the publication but also contribute to it. They present
drawings in its pages. The editorial team and the auxiliary committee
annually organize two competitions: the first in composition and the
second in orthography. Around three hundred fifty Armenian students,
representing all the schools in various parts of Lebanon, participate
in these competitions.

The Aztag monthly mirrors the essential events and developments
related to the Armenian life.

We also have the Aztag Literary and Aztag Arts periodicals that are
devoted to narrating the artistic life in their respective fields in
Armenia and the Diaspora.

It’s been almost one and a half years since the Aztag Press Club
has been established. The discussions gather the representatives
of Lebanon’s twenty-seven Armenian news organizations. The group
consists of representatives of Armenian political parties’ and various
denominations’ official organs, as well as the representatives of
literary and cultural publications. The gathering of this group
fosters the harmonization and healthy formation of the media and
information field.

Presently, the editorial board is holding consultative meetings
with editorial teams of Armenian schools for the specific purpose of
creating a medium where youth-related issues can be further explored.

All these efforts pursue the goal of tapping into the collective
intellectual potential. I think that’s one of the functions of
contemporary Armenian media.

www.aztagdaily.com

CBA Raises Refinancing Interest Rate By 0.25% To 7.5%

CBA RAISES REFINANCING INTEREST RATE BY 0.25% TO 7.5%

Noyan Tapan

Au g 4, 2008

YEREVAN, AUGUST 4, NOYAN TAPAN. On August 4, 2008, the Central Bank
of Armenia (CBA) Board raised the refinancing interest rate by 0.25%,
fixing it at 7.5%.

According to the CBA PR Service, although a 2.2% fall in prices was
registered in July on June 2008, the 12-month inflation grew by almost
1% and made 10.7%.

The CBA Board confirmed that although international prices of some
foodstuffs continue to have a downward tendency registered in the
previous months, this tendency has not been reflected in domestic
prices. At the same time, despite the fact that international oil
prices somewhat fell since mid July, the uncertainty on further changes
in these prices remains. In this regard, the secondary impacts of
inflation’s potential have not weakened, and they continue to affect
prices of non-food commodities and tariffs of services.

Taking into account the high inflation rates and considering it
important to weaken inflationary expectations and reduce deviations
from the target, the CBA Board believes that further changes in the
refinancing interest rate will be depend on the speed and amount of
the response of domestic prices to the indicated tendencies regarding
commodity prices in international markets in the coming months.

http://www.nt.am/news.php?shownews=116255

Russia, Armenia, Azerbaijan Discuss Nagorno-Karabakh

RUSSIA, ARMENIA, AZERBAIJAN DISCUSS NAGORNO-KARABAKH

Interfax News Agency
Aug 1 2008
Russia

MOSCOW. Aug 1 (Interfax) – A Russian deputy foreign minister had a
meeting on Friday with the Armenian and Azeri foreign ministers,
discussing with them "the current state of and prospects for"
talks to settle the Nagorno-Karabakh conflict, the Russian Foreign
Ministry said.

The meeting between Russian First Deputy Foreign Minister Andrei
Denisov and the Armenian and Azeri ministers, Edvard Nalbandian and
Elmar Mammadyarov, was held in Moscow, where the two ministers had
arrived for a routine consultation as part of the peace process.

In the course of the consultation, the two ministers met with the
Russian, American and French co-chairmen of the Minsk Group, a body
appointed by the Organization for Security and Cooperation in Europe
to mediate in the two-decade conflict, the Russian ministry said in
a press release posted on its website.

All Is Said

ALL IS SAID

A1+
[09:00 pm] 01 August, 2008

During the All Armenian Movement rally his speech delivered Chairman
of the "Hanrapetutyun" (Republic) Party Aram Z. Sargssian. "Let all the
opposition leaders forgive me, but I have never met a more experienced
and consistent political figure than Levon Ter-Petrossian," he said.

Aram Sargssian’s speech was not so long because, as he explained,
everyone was eager to listen to Levon Ter-Petrossian. "All is said
with the foundation of the Armenian National Congress," he concluded.

In a few minutes the leaders will announce names of the parties,
which are going to be members of the Congress.

At the moment Stepan Demirchian is delivering his speech. Chairman of
the "Democratic Way" Party Vardan Grigorian noted in his speech that
in the elections of Kanaker-Zeitun Community Leader due in September
the All Armenian Movement is going to support Manvel Gasparian,
son of late Manuk Gasparian.

Armenian Expert Says Situation In Southern Georgia "Tense"

ARMENIAN EXPERT SAYS SITUATION IN SOUTHERN GEORGIA "TENSE"

ArmInfo News Agency (In Russian)
July 30 2008
Armenia

Recent attacks on police in Georgia’s predominantly ethnic
Armenian-populated region of Javakheti have to do with the difficult
political and economic situation in the region, an Armenian political
analyst has said.

Sergey Minasyan was quoted by Arminfo news agency as saying that the
situation in Javakheti is "tense and serious".

Two police officers have been killed in the region in the past two
weeks, according to Arminfo. Both policemen were ethnic Armenians. The
police chief of the regional town of Akhalkalaki, Samvel Petrosyan,
survived a bomb blast near his house on 17 July, the report said.

Several members of a local NGO, United Javakh, which is calling for
autonomy for ethnic Armenians of the region, have been arrested in
connection with the arrests, Arminfo said.

"The situation is really tense and serious. At least, the presence
of 500 staff of the Georgian riot police shows this," Minasyan was
quoted as saying. He ruled out Russia’s involvement in the tension
in Javakheti.

Three Armenian Boxers Become Prize-Winners In European Junior Champi

THREE ARMENIAN BOXERS BECOME PRIZE-WINNERS IN EUROPEAN JUNIOR CHAMPIONSHIP

NOYAN TAPAN

JU LY 29

European Boxing Junior Championship finished on July 27 in the city
of Novy Sad, Serbia. Eight Armenian sportsmen were also among 146
delegates of 21 countries. Henrik Makoyan (38 kg, Yerevan) and Vahe
Sargsian (40 kg, Gyumri) won the preliminary fights and passed to
the final, where, however, they were beaten and took the second place.

Voskan Petrosian (50 kg, Yerevan) took the third place.

It should be mentioned that the national team had left for Serbia
headed by coaches Arman Haroutiunian (Yerevan) and Malo Sukiasian
(Vanadzor).

http://www.nt.am/news.php?shownews=116114

Problems Of Armenia’s Security And Lifting Its Blockade Will Be Solv

PROBLEMS OF ARMENIA’S SECURITY AND LIFTING ITS BLOCKADE WILL BE SOLVED AFTER MAKING CLEAR ARMENIAN BORDERS, ARA PAPIAN CONSIDERS

NOYAN TAPAN
JULY 29

A discussion on the subject "The problem of RA borders according
to the international law" was organized on July 29 by the Armenian
Center for National and International Studies.

According to Ara Papian, the head of the Modus Vivendi center for
sociological studies, Armenia’s borders need to be made clear, as
a result of which the problems of security and lifting of blockade
faced by Armenia will be solved, as well as new possibilities for
Nagorno Karabakh problem settlement will be created.

A. Papian said that he mainly means clarification of Armenian-Turkish,
Armenian-Azeri, and Armenian-Georgian borders. According to him, the
Armenian-Tirkish border was clarified during the Paris Assembly in
February 1920. However, indeed it was not fulfilled due to Armenia’s
not being a subject of international law. A. Papian said that today’s
de facto border has been created as a result of the cease-fire
agreement signed between Kemalists and Bolsheviks. While the border,
which has been stipulated internationally, is the one drawn by 28th
U.S. President Woodrow Wilson, which passes through the states of
former Ottoman Empire, Van, Bitlis, Erzrum, Trapison.

According to Ara Papian, though the borders of Armenia with Azerbaijan
and Georgia have not been clarified with a special report during
the Assembly, the principle was stipulated, according to which the
demarcation was to be done. In particular, all territories populated
by Armenians were to pass to Armenia, those populated with Georgians
to Georgia, those populated with Tatars to Azerbaijan. Therefore, it
becomes obvious that not only NKR is de jure an Armenian territory,
but also a considerable part of field Karabakh.

Subsequently, according to A. Papian, Azeris cannot certify Armenians’
not having settled in that territory. He also added that any interstate
problem should be solved on the basis of the international law.