Foreign investment in Armenia drops by 65% in 2022

NEWS.am
Armenia –

By Aram Achemyan

The Statistical Committee of Armenia issued data on foreign investments in the country in January-March 2022, according to which, these investments dropped by 65 percent, or by 49.9 billion drams, during the first quarter of this year.

Investments by the European Bank for Reconstruction and Development (-33.9 billion drams), Germany (-22.18 billion), the Netherlands (-16.2 billion), Italy (-3.48 billion), Canada (-2.56 billion), and Japan (-1.85 billion) have decreased sharply in Armenia compared to last year.

During the first quarter of 2022, the largest investments in Armenia were made in mining, energy, and air transport.

At the same time, however, it is very worrisome that the amount of investments is reducing in domains that are important for Armenia’s economy. Specifically, during this year, investments in the country’s tobacco sector decreased by 2.48 billion drams, and in telecommunications—by 3.55 billion drams.

Central Bank of Armenia: exchange rates and prices of precious metals – 25-07-22

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 17:16,

YEREVAN, 25 JULY, ARMENPRESS. The Central Bank of Armenia informs “Armenpress” that today, 25 July, USD exchange rate down by 1.78 drams to 411.32 drams. EUR exchange rate up by 0.78 drams to 420.86 drams. Russian Ruble exchange rate down by 0.08 drams to 7.09 drams. GBP exchange rate up by 1.86 drams to 495.64 drams.

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

Gold price up by 323.61 drams to 22969.85 drams. Silver price up by 6.16 drams to 248.75 drams. Platinum price stood at 16414.1 drams.

Jerusalem Armenian Patriarchate chancellor on Biden: Greatness of leaders lies in their modesty

News.am 
Armenia – July 18 2022

After meeting US President Joe Biden, I was once again convinced that the greatness of leaders lies in their modesty. Fr. Koryoun (Hovnan) Baghdasaryan, Chancellor of the Armenian Patriarchate of Jerusalem, wrote this Facebook—and regarding his talk with Biden, who had visited the Armenian Church at the Basilica of the Nativity in Bethlehem.

“During his visit to the Basilica of the Nativity Bethlehem, Mr. Biden simply approached me as well, shook hands, and gave [me] an opportunity to talk. I told him that I am the grandson of Sassoun immigrants who survived the Armenian Genocide, and I thanked him on my behalf as well for recognizing the Armenian Genocide,” Fr. Baghdasaryan added.

Judge Tigran Sahakyan dismissed

Panorama
Armenia – July 19 2022

Judge Tigran Sahakyan of Armenia’s Court of Criminal Appeals has been officially relieved of his duties as the court chair and member after turning 65.

The Supreme Judicial Council (SJC), a state body overseeing Armenian courts, made a decision on his dismissal on Monday, July 18.

Under the domestic law, judges retire at age of 65 in Armenia.

Human rights activist Ruben Melikyan said he was among the judges “behind political repressions against oppositionists” after agreeing to take over the appellate court 10 months ago”.

Yerevan mayor: City should wake up early

Panorama
Armenia –

Yerevan Mayor Hrachya Sargsyan says that the city “should wake up early and the working day should start early.”

“From now on, from 7am the music from the Yerevan City Hall clock tower will sound simultaneously in 12 administrative districts of the capital,” he wrote on Facebook on Saturday.

“In addition, our fellow citizens will again be able to see the time of day and the air temperature on a new LED screen installed on the roof of the Alexander Spendiaryan National Academic Theater of Opera and Ballet,” he added.

Armenian Ombudswoman addresses repatriation of PoWs at meeting with Bundestag Vice President

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 10:10,

YEREVAN, JULY 21, ARMENPRESS. Human Rights Defender Kristinne Grigoryan held a meeting with the Vice President of Bundestag – Germany’s parliament – Katrin Göring-Eckardt, the Deputy Chief of Mission of the German Embassy in Armenia Markus Tschan, Heinrich Böll Foundation South Caucasus Regional Director Sonja Schiffers and Armenia project coordinator Evia Hovhannisyan.

Upon Katrin Göring-Eckardt’s request, the Human Rights Defender presented the main challenges in the human rights area, especially the humanitarian issues in the post-war period, including the issues of repatriating the PoWs who are still held in Azerbaijan, social protection and psychological assistance to the families of the PoWs and those missing, security of border towns and other issues, as well as issues related to fighting discrimination and the political and economic empowerment of women. Katrin Göring-Eckardt also inquired on the guarantees of the Human Rights Defender’s independence, issues of cooperation between the Human Rights Defender and the Government, international organizations. Grigoryan presented the cooperation mechanisms with the government and the main directions and joint programs implemented with international organizations.

The Heinrich Böll Foundation representatives addressed the programs they are implementing in Armenia and in the region, main directions of their work and their priorities in Armenia.

Sports: Armenia determines Greco-Roman team for int’l tournament in Poland

PanARMENIAN
Armenia –

PanARMENIAN.Net – Nine Armenian Greco-Roman wrestlers will take part in the Warsaw-hosted 2022 Poland Open international tournament on July 20-24, the press service of the national team reports.

The event will feature Rudik Mkrtchyan (55 kg weight category), Gevorg Gharbyan (60 kg), Hrachya Poghosyan (63 kg), Slavik Galstyan (67 kg), Shant Khachatryan (72 kg), Karapet Chalyan (82 kg), Gevorg Tadevosyan (87 kg), Artur Alexanyan (97 kg), David Hovasapyan (130 kg), all representing Armenia.

Our joint efforts to establish peace and stability will bear fruit. Minister of Foreign Affairs of Georgia

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 14:27,

YEREVAN, JULY 16, ARMENPRESS. The Minister of Foreign Affairs of Georgia Ilia Darchiashvili referred to the meeting of the Ministers of Foreign Affairs of Armenia and Azerbaijan held in Tbilisi.

“I am very proud to see that Tbilisi being venue of the Foreign Minister of Armenia and Azerbaijan. I am confident that our joint efforts to establish peace and stability in the region will yield result,” ARMENPRESS reports the Georgian Foreign Minister wrote on his Twitter microblog.

The meeting between the Minister of Foreign Affairs of Armenia Ararat Mirzoyan and the Minister of Foreign Affairs of Azerbaijan Jeyhun Bayramov is hosted by Minister of Foreign Affairs of Georgia Ilya Darchiashvili.

EU Special Representative Toivo Klaar Is On A Short Visit To Armenia

The Shepherd of the Hills Gazette

Toivo Klaar, the EU’s special representative for the crisis in South Caucasus and Georgia, is on a short visit to Armenia.

“Back to very hot Yerevan for a short visit. Looking forward to important meetings,” Klaar tweeted.

The EU special representative did not specify which meetings we are talking about.

The last time Toivo Klaar came to Armenia was on June 3. During the visit, the EU special representative met with Prime Minister Nikol Pashinyan, Foreign Minister Ararat Mirzoyan, Secretary of the Security Council Armen Grigoryan, Deputy Speaker of the National Assembly Ruben Rubinyan.

AW: The largest Armenian summer festival in Europe takes over London

LONDON—Thousands attended the popular and much-loved annual Armenian Summer Festival (ASF) in London on Sunday. What has become a yearly ritual for UK-based Armenians is also recognized as the largest Armenian event of the summer in Europe. 

Armenians and non-Armenians alike from across the United Kingdom and Northern Ireland gathered to celebrate their identity and their roots.

“When I first came to the UK as a primate, the time coincided with the ASF. I did not know what was going to happen. Back then it was a much smaller scale,” recalled His Grace Bishop Hovakim Manukyan. “Now, we see thousands of Armenians and non-Armenians come together to enjoy the many elements of our rich culture. It is a day that we all wait for until it comes and miss when it ends.”

His Grace Bishop Hovakim Manukyan alongside His Excellence Ambassador Varuzhan Nersesyan, members of parliament and honorable guests.

The way meat should be cooked and lahmajun should taste was dictated by those cooking up a heavenly range of Armenian cuisine that sent guests on a one-way journey to Yerevan. The food was complemented by several Armenian specialtiesone of which was a perfectly chilled bottle of Kilikia beer. As is prevalent in most Armenian get-togethers, the food and drink was a prominent part of the day. ASF chair Bedros Aslanyan relayed the importance of “bringing the entire Armenian community together irrespective of their background, political or religious persuasions.” He said, “The festival helps unite different parts of the Armenian community and continuously sends a strong message to the next generations.”

Vanouhi Petrosyan

The day was led by dynamic duo Teni Matian and Vanouhi Petrosyan, who were the emcees and ensured seamless entertainment. Petrosyan is passionate about the festival and how it “provides the opportunity to explore the full spectrum of Armenian arts and culture.” She said, “It was my pleasure to emcee the festival this year. I was really able to feel the energy of the crowd right from the epicenter of it all happening!”

A little girl dancing with Sofi Mkheyan

Gifted Armenian performers from the UK and Armenia left the crowd infatuated throughout the day. The famed Sofi Mkheyan was flown in from Yerevan as the headliner. She arrived with infectious energy and gave an unforgettable performance. “I am really happy the UK Armenian Church organizes such events. It has such a positive impact on the Armenian community. I loved being part of the festival and meeting so many incredible Armenians living in the UK. It is great to see the love and dedication from everyone,” shared Mkheyan. It was an honor for all to see such a recognized and adored artist who represents Armenia perform in London. The crowd was bursting with energy when Mkheyan performed “Hayastan” and her latest single “Amperic Vac.”

The fabulous Sofi Mkheyan bringing the crowd together

DJ Sipan Dro Petrosyan made it his mission to deliver a full range of the best Armenian music from start to finish. Singer Katya Janoff also performed. Some of her songs were inspired by her trip to discover her roots in Armenia. Well-known entertainer Kev Orkian was interviewed by Andre Simonian and touched on many key topics, one of which is how we can evolve as Armenians. The festival also featured an open-mic segment.

The accomplished ‘Akhtamar’ APG dance group gave a masterful performance leaving many eager to join in. The energy soared when the group performed ‘Yarkoushta’ and other signature songs. The group delivered exemplary synchronicity and showcased Armenian culture proudly. “ASF is all about Armenian culture, values and beliefs,” said dancer Elberg Grigoryan. “Performing Armenian traditional dances is the best way to gather all Armenians together and ensure that our rich culture is being treasured and passed onto the younger generations. As an Akhtamar performer, I am always fueled by the love of the dance but also the love reciprocated from the audience.”

Sofi Mkheyan performing with Akhtamar dance group and guests

The festival hosted over 20 Armenian-led businesses and organizations enabling them to share their visionary works with all. The children’s corner gave the younger ones a chance to explore their heritage in crafting Armenian related artworks. All age groups were destined to have an enjoyable time.

The day to remember was thanks to the many organizers and volunteers who made it possible. Each aspect of the day embraced excellence, even the weather. Bishop Manukyan concluded, “In London, it usually rains. But when asked how we manage to make it sunny every year on the day of the festival, I answer, ‘We are the Armenian church. We have a direct line of contact above.’”

Editor’s Note: The author served on the organizing committee of this year’s Armenian Summer Festival.

Lara Bazzoui is studying fashion journalism at the University Arts London: London College of Fashion. She runs her own upcycling business called Bibi Bazz, where she regenerates damaged and deadstock sneakers into bags. Lara is also the public relations director for ACYO London.