Armenian Court Rejects Lawsuit Filed Against Ruben Hayrapetyan

ARMENIAN COURT REJECTS LAWSUIT FILED AGAINST RUBEN HAYRAPETYAN

news.am
August 29, 2012 | 15:05

YEREVAN. – The Armenian court rejected on Wednesday the lawsuit filed
by NGO head against former MP Ruben Hayrapetyan.

Arthur Sakunts, head of Helsinki Citizens’ Assembly Vanadzor Office,
demanded that Hayrapetyan should make a public apology after he
insulted him on air of the Armenian television. Sakunts also demanded
a symbolic compensation amounting to 1 luma.

The lawsuit was filed after scandalous President of Armenian Football
Federation Ruben Hayrapetyan made an announcement during a sport
program shown by the Armenian Public Television.

“When I want to build a football school in Vanadzor there is no tree
and no bush, I build the school on a top of the hill, but for some
reason, a Helsinki son of a dog appears and sues us, the city hall,
the decision of the city council, and the federation as a third and
responsible party,” Ruben Hayrapetyan had announced.

Zhoghovurd: Police Probing Suicide Theory On Misha Kalantaryan Case

ZHOGHOVURD: POLICE PROBING SUICIDE THEORY ON MISHA KALANTARYAN CASE

Panorama.am
29/08/2012

An inquiry is underway into the death of businessman Misha Kalantaryan
who committed suicide, Yerevan Police Chief Nerses Nazaryan told
Zhoghovurd daily. Police are probing exclusively the theory of suicide,
he added.

“There can be no other theory but the theory of suicide. The inquiry
is underway, and I cannot give any further information,” the senior
police official told the paper.

Armenian NSS Gave Clarifications About The Issue Of Not Giving Entry

ARMENIAN NSS GAVE CLARIFICATIONS ABOUT THE ISSUE OF NOT GIVING ENTRY PERMISSION TO SYRIAN CITIZENS

ARMENPRESS
30 August, 2012
YEREVAN

YEREVAN, AUGUST 30, ARMENPRESS: Some days ago there was spread
information in the media according to which in “Zvartnots” airport a
family of Syrian Armenians which arrived by Istanbul-Yerevan flight
had not been permitted to enter Armenia. On that occasion “Armenpress”
asked for clarification form the head of press center of National
Security Service of the Republic of Armenia Artsvin Baghramyan.

“Above-mentioned people in reality have Assyrian origin and tried to
cross Armenian state border without necessary documents and proper
permission. They had the aim to use the territory of the Republic
of Armenia as a transit zone and with the help of illegal migration
organizer to leave for a third country. While arriving in Armenia
their attempt to leave for Europe from Istanbul did not have success.

Above-mentioned citizens of Syria were returned by Yerevan-Istanbul
flight to destination country – Turkey” said Baghramyan.

ISTANBUL: Bones, Skull Revealed In Opera Stage Renovation

BONES, SKULL REVEALED IN OPERA STAGE RENOVATION

Hurriyet Daily News
Aug 30 2012

Renovation work at the Ankara State Opera and Ballet’s building has
unearthed a skull and human bones from the opera stage’s orchestra pit,
25 to 30 meters underground. The finds have been sent to a museum

Human bones and a skull have been discovered under the stage at the
historical Ankara Opera House, home of the Ankara State Opera and
Ballet (ADOB), during renovations, daily Hurriyet reported yesterday.

Restoration work at the building has been halted to permit
archaeologists a chance to examine the venue.

ADOB performs most of its pieces in the historical opera building,
which was built in 1933 as an exhibition house and turned into an
opera house in 1984. The State Theaters also use the building under
the name Buyuk Tiyatro (Great Theater). Since it is an old structure,
the stage was insufficient for the needs of the opera and underwent
a restoration process at the end of the last opera season.

During the renovations, a skull, arm, leg bones and pottery were
discovered 25 to 30 meters under the stage. The directorate informed
the Culture and Tourism Ministry about the findings and archaeologists
from the Cultural Heritage and Museums General Directorate investigated
the area.

ADOB director Aykut Cınar told Hurriyet that the stage elevators
were being renovated. “There is a platform approximately 25 to 30
meters under the stage where the elevator hoist mechanism is. The
mechanism was removed to be changed since these machines are very old.

Excavation was necessary for their removal.”

After learning about the discovery, Cınar said he and ADOB General
Director Regim Gökmen stopped the excavation, installed a safety line
and requested an anthropologist and archaeologist from the ministry
to inspect the findings.

Cınar said the team arrived at the building the same night and began
examinations. “They determined that there were no more remains and
gave us permission to continue excavations under the supervision of
an archaeologist. The area was already very small and the excavations
continued two more days.”

Noting that there were no further discoveries, he said, “There were
only a few human bones like legs, arms and a skull, as well as very
small pieces of pottery from old periods.”

He said a report would be prepared about the findings. “We have heard
that the finds are most probably from the Roman period, but we are
waiting for the official report. The excavation work is done and the
archaeologist has left the site. We have delivered the bones to the
Museum of Anatolian Civilizations,” Cınar said.

According to some resources, the area was an Armenian cemetery during
the Ottoman Empire, which might be the source of the remains.

Does Celebrity Activism Matter?

DOES CELEBRITY ACTIVISM MATTER?
by Sarah Kendzior

Aljazeera.com

Aug 29 2012
Qatar

Sarah Kendzior is an anthropologist who recently received her PhD
from Washington University in St Louis.

In American society, awareness is action – but when attention is its
own goal, nothing else gets accomplished.

It was April 24, 2012, and Kim Kardashian was on a mission. “Let’s
get this trending,” she tweeted to over 14 million followers,
“#ArmenianGenocide!!!!!” Hundreds immediately retweeted her call to
commemorate the 1915 extermination of Armenians in Ottoman territories,
among them her brother Rob (over 3 million followers) and sisters
Khloe and Kourtney (over 7 million followers each).

Within hours, the Kardashians had succeeded. “Armenian genocide”
became one of the most searched for terms on Google and a top Twitter
trend. “Great! Recognition of the #ArmenianGenocide now trending
worldwide. Can’t stop the truth. Join the movement!” tweeted Rob,
a former Dancing with the Stars contestant and aspiring sock designer.

“U can’t know where your going until u recognize where you’ve been.

Help us recognize the Armenian Genocide April 24, 1915.

#ArmenianGenocide,” added Kim, in a moment of sagacity more reminiscent
of her parody doppelganger KimKierkegaardashian than her own sexpot
persona.

#ArmenianGenocide was one of many massacres to trend in 2012 thanks to
celebrity association. In March, stars tweeted their newfound horror
of the war criminal Joseph Kony. “It is time to make him known,”
Justin Bieber proclaimed. “Im calling on ALL MY FANS, FRIENDS, and
FAMILY to come together and #STOPKONY. this is not a joke. this is
serious.” Kony is still at large. In May, rapper Chris Bown discovered
that over one hundred people were massacred in Houla, Syria.

“#HoulaMassacre OMG!!!!! Not cool!” he tweeted, calling on “Team
Breezy”, his fan base, to “raise awareness”. His followers asked
Jennifer Lopez and Britney Spears to help oust Assad. And Twitter
lit up like an Andy Warhol fever dream: slaughter and celebrity,
brutality and brevity, replicated in a systematic stream.

Celebrity campaigns have long been criticised for their fickleness and
superficiality. “Sustained awareness is what matters, awareness enough
to care, to do something,” writes Jillian C York, a long-time advocate
for Syrian rights, of Brown’s short-lived interest in the Arab world.

Ethan Zuckerman, a scholar at MIT, measures attention to causes in
units he dubs “Kardashians”, named for “amount of global attention
Kim Kardashian commands across all media over the space of a day”. He
notes that “at the peak of his infamy, Kony registers only 0.4 peak
Kardashians, a level she achieved by filing for divorce after a 72 day
marriage”. Since the arrest of Kony2012 video creator Jason Russell,
interest in the arrest of Kony himself has plummeted.

In focus: Russia’s Pussy Riot

But when one cause celèbre becomes passe, another arrives to take its
place, as the jam-packed Pussy Riot bandwagon recently demonstrated.

Hashtag campaigns like #FreePussyRiot or #Kony2012 have been
faulted for emphasising awareness over action or understanding. The
minimal effort required to participate in them has been derided as
“slacktivism”, and their practitioners dismissed as thoughtless. But
there is logic to the slacktivist pursuit. The ceaseless push for
“awareness” – and the embrace of celebrities who can deliver it –
is a rational response to the attention economy, which, unlike the
real economy, shows no sign of weakness.

I want to Belieb

Awareness is supposed to lead people to take action. But in American
society, awareness is action. Entire careers are devised around making
people aware of a person’s existence without that person doing anything
besides existing. The Kardashian family is sustained by tabloids
and reality TV, industries that thrived while nearly all other old
media failed. Publicity is chastised as crass – publicity mongers,
publicity whores – but it is arguably a more reliable investment than
education or attempting to ascend an unsteady corporate ladder. Fame
eliminates the barriers to success in a world of increasingly unequal
opportunity. Having achieved fame, one can then establish why one
merits it, which is why Kardashian business ventures derive from
their celebrity, and did not proceed or produce it.

Social media is not the only medium through which fame flows, but it
is the one most associated with equitability. In my former life as a
professor, I taught a course on the internet and society to students
in their teens and early twenties. Inevitably, the conversation would
turn to Justin Bieber. “But what about Justin Bieber?” the students
asked when we read a book bemoaning the devastating effect of the
internet on the music industry. “But what about Justin Bieber?” they
cried when we read critiques of social media hierarchies.

Justin Bieber had come from nothing and pulled himself up by YouTube,
the proverbial bootstrap of the digital age. No corporation assembled
Justin Bieber. He put himself out on the internet and his talent was
recognised. It is easy to see the allure of being a Belieber. The
internet gives the illusion of possibility to a generation that,
perhaps more than any in recent memory, has had their possibilities
stripped away.

In-depth coverage of campaign targeting Ugandan rebel

Justin Bieber is of course the exception to the rule – but because
those who make up “the rule” are anonymous failures, his ascendancy
is mistaken as representative. In an economy where Klout scores are
listed on resumes, the downtrodden are by definition invisible. At
the same time, social media allows a simulated intimacy between
celebrities and their followers, who settle for glory by proxy. It
is no surprise that Justin Bieber was one of the celebrities tapped
by the Kony2012 campaign, whose goal was to “make Kony famous”,
because fame is thought to determine relevance, to create caring,
to force pragmatism from indifference.

Short memories

This pursuit of awareness for its own sake works well for the
establishment of personal celebrity, but it is deleterious when it
comes to the causes celebrities promote. When existence is mistaken
for action, then being aware of someone’s existence feels like taking
action. When attention is its own goal, nothing else gets accomplished.

As celebrities embrace causes, the coverage of those causes reflects
celebrity values of self-promotion and spin. “I think those of us
working on these issues should make sure we raise concerns about
freedom of speech as a whole and avoid contributing to creating
‘superstars’ that may attract a lot of (short-term) empathy but maybe
no real questioning of repressive patterns and the need to fight them,”
argues Leila Nachawati, a Syrian-Spanish blogger and activist.

Pussy Riot, the Russian dissidents who inspired the creation of
balaclavas in “slimming black”, is a recent case in point. The Syrian
fighter as sex symbol meme is another. Having trended, they become
trends, divorced from the conditions that produced them, isolated
from the anonymous activists fighting the same fight.

Perhaps that’s why celebrity activism seems least damaging when the
damage has already been done. The Kardashians’ attempt to publicise
a genocide – whether on Twitter or through a Very Special Episode of
Khloe and Lamar – stands in sharp juxtaposition with Kim’s usual tweets
on eye liner and jeggings, but it spurred millions to contemplate
tragedy. In their ceaseless bid for our attention, the Kardashians
shifted it elsewhere. It is hard to fault the pursuit of awareness
when it creates fame for the forgotten.

Sarah Kendzior is an anthropologist who recently received her PhD
from Washington University in St Louis.

The views expressed in this article are the author’s own and do not
necessarily reflect Al Jazeera’s editorial policy.

http://www.aljazeera.com/indepth/opinion/2012/08/20128287385825560.html

Kim Kardashian Wants To See An Armenian Woman Near Her Brother Rob

KIM KARDASHIAN WANTS TO SEE AN ARMENIAN WOMAN NEAR HER BROTHER ROB

ARMENPRESS
29 August, 2012
YEREVAN

YEREVAN, AUGUST 29, ARMENPRESS: Kim Kardashian must have forgotten
brother Rob goes out with Rita Ora. She took to Twitter yesterday,
telling him he needs to find himself a nice girl. As Armenpress
reports citing The Sun, Kim wrote: “When out to dinner w my brother
Rob Kardashian every gorgeous armenian girl stares at Rob. “I think
that’s what he needs in his life”. And sister Kourtney was quick to
retweet in agreement. That’ll be awkward the next time Rita joins
them for a family meal.

Hakop Chakryan: To Save Traditional Armenian Community Of Syria, Arm

HAKOP CHAKRYAN: TO SAVE TRADITIONAL ARMENIAN COMMUNITY OF SYRIA, ARMENIAN AUTHORITIES HAVE TO BE NEUTRAL
by Nana Martirosyan

arminfo
Tuesday, August 28, 19:16

Interview of Turkologist Hakop Chakryan with Arminfo news agency

How do you see the process of further normalizing of the
Armenian-Turkish relations?

Despite the efforts of the superpowers, the Armenian-Turkish relations
will not be normalized in the near future. Possible transition to the
presidential system of government in Turkey will not result in changing
of relations between Ankara and Yerevan. In the situation when there
are the protesting Kurds in the country, problems with Iran, which said
that in case of intervention, Iran will be the first to attack Turkey,
and tense relations with Syria, the Turkish authorities will hardly
manage to make the needed reforms for transition to the presidential
system of government. However, even if the referendum is held, no
special change will happen in the Armenian-Turkish relations, as this
issue enters the field of the state strategy and is not conditioned
by the person of the president or the party presented by him. One
should not wait for any progress in the process of normalization
of the Armenian-Turkish relations or ratification of the bilateral
protocols. Despite the efforts of the superpowers, Ankara is not ready
to that. As for activation of clashes between the Kurds and the Turks,
numerous Armenians (50 thsd) living in Turkey will not suffer as a
result of the conflict, as they are not dangerous for the Turks or
the Kurds. At present there is not an Armenian community in Turkey
as such, since Armenians of Turkey are not consolidated.

How can an unfriendly policy of Turkey affect the Armenian community
of Turkey?

At present the Armenian community is not a threat for the Turkish
authorities. The situation would differ if it would be numerous and
a serious factor just the same way, as, for instance, the Kurds,
which today are about ¼ of the population of Turkey. Today, there
is not an Armenian community as such and it is not consolidated. The
Constantinople patriarchy of the Armenian Apostolic Church has been
resolving miserable problems…In such conditions Turkish authorities
do not need neutralizing of the Armenian community.

What policy should Armenia conduct regarding traditional community
of Syria that is in danger at present?

As regards official Yerevan’s position on the situation in Syria,
Armenia’s decision to keep neutrality is correct. The Armenian
community of Syria should also keep neutrality. The Armenian community
should not support any of the conflicting parties, as it will suffer
losses in any case. It is more reasonable to preserve the Armenian
community in Syria than to organize their repatriation, as at the
moment the socio-economic situation in Armenia and the permanent
outflow of the population do not allow the Armenian authorities to
put up a big number of refugees.

How can Armenian authorities help Syrian Armenians?

The Armenian authorities should make Mikhail Bagdasarov set stable
and affordable prices for Armavia’s flights from Syria to Armenia.

The tickets for the flights from Beirut to Istanbul cost 150-180
USD, while those for the flights from Beirut to Yerevan cost nearly
$800, though the distance is almost similar. They make advantage of
the situation and they have raised the prices dishonestly. They are
robbing the people, who have already suffered, and the authorities of
Armenia should respond to this immediately. Most representatives of
the Armenian community are not going to leave Syria, however, those
who have decided to take that step and come across such an attitude
of Armavia, lose any desire to live in Armenia. The people mostly
come to Armenia to further leave for the United States.

"Yerevan Has No Chance For A Breakthrough Except For The Eurasian Un

“YEREVAN HAS NO CHANCE FOR A BREAKTHROUGH EXCEPT FOR THE EURASIAN UNION”

Vestnik Kavkaza

Aug 28 2012
Russia

Author: Interview by David Stepanyan, Yerevan, exclusively to VK

Former Interior Minister and adviser to the first President of Armenia
for national security, Ashot Manucharyan, spoke about the prospects
of the Eurasian Union and Armenia’s membership in the organization
in an interview to VK.

– On August 8 in Moscow, the presidents of Russia and Armenia discussed
the participation of Yerevan in the Eurasian Union. What, in your
opinion, are the prospects of Armenia’s participation in this project?

– Today, new geopolitical processes associated with our region are
sharply enhanced. In this context, Armenia is extremely important
for Moscow, especially considering that recently Yerevan has been
making a very effective drift towards the West. However, in many
respects this drift is being done through stimulation by the West
itself. Against this background, it must be noted that the West in
this respect is much more successful than Russia. This logic shows
that Moscow is facing a moment of truth. Against this background,
the issue of Armenia’s accession to the Customs Union and later to
the Eurasian Union is a litmus test that says “yes” or “no” to the
Russian presence in Armenia. Therefore, the project of creating the
Eurasian Union is crucial for Russia, and Moscow will use all its
opportunities in the FSU for its implementation and the creation of
a tightly integrated community.

Today’s confrontation on the global level shows that the project
of creating the Eurasian Union is an important component of Russian
policy in the framework of the philosophy of the existing world. On
the other hand, Armenia has always been an important geopolitical
point for Russia, as well as for other global players in terms of
fixing their positions in the Caucasus, which, until recently, was
called the Eurasian communication corridor. It is important that it
is the Caucasus which is a neutral corridor in Eurasia outside the
global players – Russia to the north and Iran to the south. Possession
of this neutral corridor is still dominant for global players with
interests in Eurasia, allowing them to promote the economic development
of many countries.

– What role in these processes do you attach to the United States?

– For Washington, strengthening its position is an issue of great
importance, including full and unrestricted philosophical and
administrative control over Armenia. The world today is in a state
of intense perturbations, the old management system is collapsing,
and examples abound, but many countries, and especially the United
States, tend to save them, although it is not easy to do in a general
world crisis, which includes not only the economy, but also values
. During this crisis, it is difficult to manipulate the old methods,
to try to respond to the realities of today’s challenges. It is
often necessary to cheer presidents, prime ministers and so on,
drawing them into the implementation of the goals and objectives,
which are to strengthen the position of the U.S.

– You say that the West operates in Armenia much more successfully
than Russia does. In what ways does it operate there, given that
Russia remains the number one investor in Armenia, and a number of
Armenian enterprises, including those of strategic importance, are
in the hands of the Russians?

– The West is more successful because of its high technology,
philosophy, concept of life. You are right: in Armenia, it is shown
in Moscow’s possession of strategically important objects. However,
everything that relates to the material side of life demonstrates
that the West is, by definition, more successful than Russia,
which has a lot of material assets. In addition, in the hands of
the West there is one important thing – the printing press. Against
this background, everything else is just pointless to discuss, as a
result , the influence of Russia in Armenia is rapidly approaching
zero, and the entire political arena is controlled by Anglo-American
forces. This, of course, is a polemical exaggeration. The fact is,
however, that Moscow’s position in respect to these challenges seems
to be indifferent and creates confusion in Armenian society. So if
Russia really wants to compete with the West, it needs to go beyond the
playing field, where it is defeated and will be defeated in another
political dimension. The political and state elite of Armenia has
been adapting to the Western system of values for the past 20 years.

As a result, Armenia is under the influence of an alien system of
values which it is necessary to get rid of. The philosophy, which
today our government is guided by, is also borrowed and adopted
by all members of the ruling elite in Armenia. Meanwhile, we had a
pretty effective own form of self-organization, which was carried
out in the period 1988-1990. At the core of the current mechanism of
the Armenian economy there is even greater enrichment of oligarchs,
who like a vacuum cleaner pick up all the money from the public,
and then invest the money in foreign countries. Naturally, in the
presence of such a mechanism, the economy cannot develop.

– You have mentioned the presence of politicians drawn into the
implementation of the goals of strengthening the position of the U.S.

in Armenia and other CIS countries. Are Russia’s attempts to create
the Eurasian Union with the participation of the countries of the
former Soviet Union based on processes that you specify?

– The political elite of the post-Soviet state is closely related
to Western civilization. it became an agent of the West, of course,
not in the sense that they were recruited by it, but in terms of their
support for Western ideas. Man lives in order to steal more and more
and to have more fun. Consumer society, based on financial power,
is the mechanism of the West. Accordingly, all the people heading
post-Soviet countries are Westerners by nature and definition. Russia
is one of the most amazing structures in the world today. On the one
hand, the Russian elite not related to the essence of Russia itself
are, of course, Western. By their nature, the Russian people remain
a carrier of a completely different culture, the largest reservoir
capable of specifying the path of humanity to get out of the pit which
we are in now as a result of life according to the recipes of Western
civilization. Western civilization has already played its role, in
which, besides failures, significant achievements were also recorded.

But it is already completely exhausted and will inevitably be replaced
by another one. The fundamental question is whether the Eurasian Union
is an action inspired by the logic of today’s world, where everyone
is trying to organize a group that would grab for itself more than
others, or it is an alternative way of human development. In the past
we successfully ditched one possible alternative. The collapse of the
Soviet Union was not a geopolitical disaster, it was a much larger
disaster, because the Soviet Union could have become a real possible
alternative, but it never became so. In the Soviet Union we tried to
create this alternative socialism, but this attempt failed. The Soviet
Union collapsed not because of a conspiracy of the Freemasons or the
CIA or other such nonsense. Nobody dies because of germs. The first
thing that kills the body is the degradation of its immune system,
in the case of the Soviet Union – of the idea of â~@~Kâ~@~Kunity.

All the statements that socialism is a limb of the devil are no more
than talk to feed the poor. Yet we still have some part of it. We, the
people of post-Soviet space, will continue to be a bearer of important
principles, ideas, ways of life. External forces are trying to make
standard, Western people out of us, but so far we are still different.

So if we manage to create anything new within the idea of â~@~Kâ~@~Kthe
creation of the Eurasian space, then we will find ourselves in front
of the whole planet. And we do not need to do this exclusively by
ourselves. There are good developments in the U.S., Latin America
and China. In this case, none of the things that we do within the
Western philosophy will lead us to such a breakthrough. Directing
people to the continuous growth of consumption and cash, they force
them in any way to get more income and to consume and enjoy more and
more. That’s the guileless essence of today’s life.

– Can the security of Armenia through membership in the CSTO
and military-technical cooperation with Russia be considered a
prerequisite for the participation of the Republic in the Eurasian
project of Russia?

– We get our security system in cooperation with Russia. This is
the first option for now. Again, in terms of development, Armenia
has a problem, but the development plan offered by the West is also
unacceptable. What does the West offer us? Eat more, and be able to
eat more. We will not be able to have more science, more powerful
industry, a better education. The USSR was in this respect a high
standard which no post-Soviet country could reach. Today, there is the
same catastrophic situation in the former Warsaw Pact countries. The
choice of the system of security has already been made by Armenia
– it is, of course, Russia, and I do not see anything similar to
this option. Of course, there are a lot of problems, but there is no
alternative, at least today. As for the economic and global component,
the Eurasian Union for all of us is a chance to break the existing
system. But in order to do this we need to transform this project
into civilization. I do not see another chance for a breakthrough for
Armenia today, including integration into Europe. Thank God that it
is so.

http://vestnikkavkaza.net/articles/politics/30711.html

Syrian Armenians Boost Housing Demand In Armenia

SYRIAN ARMENIANS BOOST HOUSING DEMAND IN ARMENIA

New Europe

Aug 28 2012

Amid growing tension in Syria, the real estate market in Armenia is
witnessing some growth in recent months, Armenia Liberty.org learnt
from Armenian service.

Local realtors claimed that a number of ethnic Armenians are arriving
from Syria and some intend to stay on a permanent basis in Armenia
while others seem undecided and choose to rent homes for now. This
is the reason there are 10 times as many rents as home-buying deals
in the market, said Garik Danielian, who runs a private real estate
agency in Yerevan.

Danielian said, “Many came and rented apartments for a month, and they
now extend their rents for another month after hearing news of the
worsening situation in Syria. People are scared.” He stressed that
the slump in the prices of housing market which was seen in 2008,
has now come to a halt.

Danielian said, “There are people who buy homes, there is some
movement in the market, even a slight increase in prices for newly
built homes.” Other realtors stated that ethnic Armenians from Syria
often prefer renting or buying housing in or close to downtown Yerevan
and in newly constructed residential buildings.

According to Artin Arakelian, director of a real estate agency in
Yerevan, those who have come to Armenia so far are mainly well-to-do
Syrian Armenians. He noted such Armenians are exploring business
opportunities in the country which entails increasing demand for
office space.

The Syrian Armenians are seeing their business in Armenia and planning
to rent some commercial property to see if they are as successful
here in Armenia doing the same business as they have done in Syria,
added Arakelian. He however noted that Syrian Armenians are not hasty
in their decision to become homeowners in Armenia as they are still
unsure whether they would find a job in Armenia and are even clueless
about the upcoming developments in Syria.

Syrian Armenians are also facing problems in selling their property in
Syria and bringing their capital to Armenia. Over 20-25 Syrian-Armenian
businessmen have turned to the Chamber of Commerce and Industry
of Armenia for consultations, head of the Chamber Arayik Vardanyan
said. Earlier the Chamber said Syrian-Armenians wishing to set up
business in Armenia, will get free consultations.

Vardanyan said that the chamber is having talks with entrepreneurs
interested in running business in Armenia. The consultations cover
legislation and business, including customs and tax, labor and civil
codes, as well as information on markets.

http://www.neurope.eu/article/syrian-armenians-boost-housing-demand-armenia

Armenia’s Central Bank Operates With Losses

ARMENIA’S CENTRAL BANK OPERATES WITH LOSSES

news.am
August 28, 2012 | 17:33

YEREVAN. – Losses of the Central Bank of Armenia (CBA) made about AMD
111 billion as of June 30, the CBA report on the “Financial Situation
of the CBA” reads. The CBA losses were reduced by the amount of AMD
16 billion, as compared to the first term of this year. The reduction
may likely be linked to the re-evaluation of the currency. The assets
and liabilities of the Central Bank make about AMD 1.01 trillion,
while own capital makes AMD 12.5 billion as of June 30. To note,
majority of the CBA assets are on foreign currency, while majority
of the liabilities are on local currency.