Azerbaijani Press: Entrpreneurs in Upper Karabakh economic region get financial support

AzerNews, Azerbaijan
Sept 26 2019
20:18 (UTC+04:00)

By Leman Mammadova

Entrepreneurship Development Fund under the Ministry of Economy continues to provide financial support to entrepreneurs for the implementation of investment projects.

In this regard, training on the mechanism of allocation of funds has been organized at the business forum held in Agdam region on September 26. The presentation of investment projects on the creation of establishment of cotton, vegetable growing, breeding stock farms and milk processing enterprises, held to realize the economic potential of the region.

As part of the forum, 21 entrepreneurs operating in Upper Karabakh economic region received more than 1.9 million manats ($1.12 million) of soft loans. These loans will be used to implement projects in the areas of livestock, cotton, fish farming, bread production etc. The implementation of these projects will open 50 new jobs.

Sahib Mammadov, Deputy Economy Minister, said that the Entrepreneurship Development Fund issued soft loans up to 116.4 million manats ($68.49 million) to finance investment projects since early 2019. “The implementation of these projects will open up 3,800 jobs in the country.”

He noted that in particular, the entrepreneurs operating in Upper Karabakh economic region received 44.6 million manats ($26.24 million) of soft loans for the implementation of over 1300 investment projects.

Mammadov stressed that stimulation of citizens’ involvement in entrepreneurship in border and front regions, provision of soft loans to them is one of the main priorities.

Azerbaijani Entrepreneurship Development Fund was established on the basis of the National Fund for Entrepreneurship Support, operating in the country since 1997.

The authorized capital of the Fund was set at 1.9 billion manats ($1.1 billion).Loans are issued for 5,000 ($2,933) to 50,000 manats ($29,326) for a period of 3 years, from 50,000 to 1 million manats ($586,510) for 5 years and from 1million to 10 million ($5.87 million) for 10 years. The annual loan rate is 5 percent.

The Fund intends to issue soft loans worth 160 million manats ($94 million) this year. In general, the Fund has issued soft loans in the amount of more than 2.3 billion manats ($1.35 billion) so far. About 68 percent of the loans was directed to the agricultural sector.

Pashinyan called on men from the American Diaspora to marry Armenian girls

Arminfo, Armenia
Sept 25 2019

ArmInfo. “If your business is  going very well, be sure to buy an apartment in Yerevan, if not very  – in one of the regions of Armenia,” said Prime Minister Nikol  Pashinyan at a meeting with representatives of the Armenian community  in New York calling on Armenians living in the USA.

Nikol Pashinyan called on Diaspora representatives to spend at least  a month in Armenia and apply for RA citizenship for at least a month.  “And if funds allow, be sure to open a business in Armenia. These  actions can become a small bridge connecting the Armenian with  Armenia. And most importantly, to marry Armenian girls. Of  course, emotional connection is the most powerful, but it’s good to  physically back it up,” joked the head of the Armenian government.

Stepanakert, Australian Ryde city become twin cities

Stepanakert, Australian Ryde city become twin cities

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 18:43,

YEREVAN, SEPTEMBER 17, ARMENPRESS. Stepanakert City Council of Elderly adopted a decision to proclaim the Australian city of Ryde as a twin city. The Council expresses conviction that establishment and expansion of friendship between the two cities will contribute to building and strengthening friendly relations between their peoples, as well as facilitating partnership between the Republic of Artsakh and Australia, ARMENPRESS was informed from the press service of MFA Artsakh.

he decision of the Stepanakert Council of Elderly followed a similar resolution unanimously adopted by the City Council of Ryde on July 23, 2019 on the eve of the working visit of the official delegation of the Republic of Artsakh to Australia headed by Minister of Foreign Affairs Masis Mayilian.

Alexis Ohanian to attend presentation of his bestselling book’s Armenian translation

Public Radio of Armenia
Sept 16 2019
Alexis Ohanian to attend presentation of his bestselling book’s Armenian translation

The Armenian translation of Alexis Ohanian’s bestselling book  “Without Their Permission” will be presented in Yerevan. The Reddit and Initialized Capital co-founder will be present at the event on October 8.

In the book, Alexis shares his ideas, tips and even his own doodles about harnessing the power of the web for good, and along the way, he shares his philosophy with young entrepreneurs all over the globe.

The author sets out the path to success, from childhood to the founding of Reddit and subsequent events, motivating the reader not to wait for anyone’s permission and move on.

The book has been translated from English by Anna Mirzoyan at the initiative of Karap Company and has been published by Edit Print.

Artsakh’s President receives a group of French parliamentarians

Artsakh’s President receives a group of French parliamentarians

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 19:48,

YEREVAN, SEPTEMBER 11, ARMENPRESS. Artsakh Republic President Bako Sahakyan received a group of MPs of the French National Assembly, ARMENPRESS was informed from the press service of Artsakh President’s Office.

A range of issues related to the Artsakh-France relations were on the discussion agenda.

The President underscored that Artsakh was interested in further development of cooperation with France qualifying it as a significant direction of our foreign policy.

Artsakh Republic National Assembly chairman Ashot Ghoulyan, foreign minister Masis Mayilyan and other officials partook at the meeting.

Protesters Demand Amulsar Mine Closure

Protesters demand Amulsar closure

Environmental activists were joined by citizens on Wednesday in a protest rally and march during which they called on the government to not move forward with a proposed operation of a gold mine in Amulsar in the Vayots Dzor province of Armenia.

The protest began in front of the parliament building days after Prime Minister Nikol Pashinyan urged an end to the blockade of roads leading to the Amulsar mine, where operators have been prevented to complete the necessary construction to begin excavating the mine.

From the onset of the project and the Lydian takeover of the mine, local residents opposed its excavation citing concerns for environmental hazards. During the popular movement in 2018, Pashinyan pledged that he would focus on the Lydian project and other mines, prompting residents to block the road to Amulsar beginning in June 2018.

The issue gained national attention last month when Pashinyan green lighted the project after an independent audit found that the environmental hazards would be minimal. Pashinyan’s decision elevated the opposition and called into question the validity of the audit, which was entrusted to the Lebanese-based ELRAD company, whose officials last week began pointing fingers at Lydian officials for not providing the necessary information for the audit, essentially backtracking from the initial report.

Parliament Speaker Ararat Mirzoyan met with protesters on Wednesday. He told them that he was there to not engage in a discussion, but to listen to concerns and answer technical questions.

‘Last time [there was a protest] brawl erupted and there were some tensions. Now I have come to defuse such developments,” Mirzoyan told protesters, adding that while he shared some of the concerns voiced by the protesters, he also found others to be groundless.

The protesters then began marching to Republic Square where during a rally they collectively declared September 20 as Environmental Mobilization and Justice Day. This is also the date that that residents of Jermuk, a town to Amulsar, have set as a deadline for the government to take a decision on excavating the mine.

Pashinyan told Parliament on Wednesday that he will not break laws to prevent a Lydian International from mining gold at the Amulsar.

The prime minister also complained that activists were paying little attention to environmental risks posed by other, functioning mines, and are excessively focused on the Amulsar project, which is deemed as the largest U.S. investment in Armenia at a reported price tag of $400 million.

“If we are talking about an [environmental] disaster, then that disaster happened a long time ago. We just don’t know or are not told about that so that our spirits remain high,” Pashinyan sarcastically told parliament.

Anti-Amulsar protesters in Yerevan’s Republic Square

On Monday Pashinyan called on protesters to end their more than yearlong blockage of all roads leading to Amulsar, saying that his government has no “legal grounds” to pull the plug on Lydian’s project. He said the project’s continued disruption would have severe consequences for Armenia’s economy and even national security. He also argued that Lydian has given the Armenian government more guarantees that mining operations at Amulsar would not contaminate water, soil and air.

According to Azatutyun.am, during the government’s question-and-answer session in the National Assembly an independent parliamentarian strongly opposed to the project, Arman Babajanyan, challenged Pashinyan to explain why his government is not unilaterally revoking Lydian’s mining license issued by Armenia’s “former criminal regime” in 2016.

“My position on Amulsar and any other issues is that everything must be according to the law,” Pashinyan replied. “This is very important because we are talking about [building] a rule-of-law state, and if in some cases there are environmental, emotional and economic approaches to an issue I believe that the right solution to those approaches must be a legal approach.”

“If we illegally shut down the [Amulsar] mine now, we will illegally shut down a media outlet tomorrow, illegally shut down a factory the day after and so on,” said Pashinyan according to Azatutyun.am.

Central Bank of Armenia: exchange rates and prices of precious metals – 06-09-19

Central Bank of Armenia: exchange rates and prices of precious metals – 06-09-19

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 17:31, 6 September, 2019

YEREVAN, 6 SEPTEMBER, ARMENPRESS. The Central Bank of Armenia informs “Armenpress” that today, 6 september, USD exchange rate up by 0.21 drams to 476.55 drams. EUR exchange rate down by 0.39 drams to 525.68 drams. Russian Ruble exchange rate stood at 7.22 drams. GBP exchange rate up by 0.16 drams to 586.06 drams.

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

Gold price down by 250.02 drams to 23428.01 drams. Silver price down by 1.17 drams to 294.48 drams. Platinum price down by 8.73 drams to 14953.72 drams.

Sports: Armenia 4 – 2 Bosnia Herzegovina

BBC Sports, UK
Sept 8 2019
 
 
 
Armenia 4 – 2 Bosnia Herzegovina
 
Mkhitaryan (3’minutes, 66’minutes), Hambardzumyan (77’minutes), Loncar (90’+5minutes og)
 
Dzeko (13’minutes), Gojak (70’minutes)
 

Henrikh Mkhitaryan scored twice and had a hand in the other two goals as Armenia beat Bosnia-Herzegovina 4-2 in Euro 2020 qualifying.

The Arsenal midfielder, on loan at Roma, rounded keeper Ibrahim Sehic to score a third-minute opener.

He blasted a second into the roof of the net after Edin Dzeko had equalised.

Amer Gojak put Bosnia level again but Hovhannes Hambardzumyan scored from Mkhitaryan’s cross and Stjepan Loncar turned a ball into his own net.

The result boosts Armenia’s European Championship qualification hopes, but leaves Bosnia’s in real jeopardy.

Armenia are three points behind second-placed Finland, who host Group J leaders Italy at 19:45 BST, with Bosnia another two points behind.

 


Home Team
Armenia
Away TeamBos-Herze
Possession
Home39%
Away61%
Shots
Home22
Away19
Shots on Target
Home10
Away9
Corners
Home4
Away5
Fouls
Home9
Away12

 
 
 
 

Battle for Amulsar: UK Mining Giant Using Corporate Courts to Attack Community Opposed to Massive Gold Mine

Common Dreams
Aug 30 2019

This is the sinister mechanism known as ISDS in action—holding a sovereign government to ransom until it betrays the desires and rights of its own people

by

Local opponents to the Amulsar gold mining project in Armenia have been protesting the operation and blockading access to the site. (Photo: TJ Chua / War on Want)

Early last week—despite popular resistance and grave environmental concerns—the Armenian government green-lit a gold mine on Amulsar Mountain in Southern Armenia.

The new Prime Minister Nikol Pashinyan, who steered the movement that brought about Armenia’s ‘Velvet Revolution,’ appears to have bowed to pressure from mining firm Lydian International, including the threat of a $2 billion lawsuit in a ‘corporate court.’ But the grassroots resistance is determined to hold strong and continue blocking construction. Will the government remove protestors and clear the path for Lydian? The answer will show the strength of Armenia’s new democracy.

Two months ago I travelled to Amulsar to meet with and interview the communities at the center of resistance against the gold mine, which was set to open on their doorstep. The community fear that the mine will destroy their environment, landscape and their jobs. They’re right to be worried; the area around Amulsar is one of astounding beauty, the economy of the nearby spa town of Jermuk relies on the purity of the mountain’s mineral water, and even the start of construction activities decimated local livestock. Amulsar is at the heart of Armenia’s water supply, so any potential mining disaster would have grave repercussions far beyond the immediate area.

“Essentially Lydian is using corporate courts to bully the Armenian government into taking a more repressive approach to public protest.”UK-registered mining company Lydian was given the go-ahead for the gold mine by the previous Armenian government, even though the communities most likely to be affected had expressed longstanding concerns. That government was an authoritarian administration with a track record of police violence and repression of public protest. Then in 2018, Armenia had a ‘Velvet Revolution’ and a new democratic government was formed. The communities around Amulsar felt they had a chance to make their voices heard. Protests began, ultimately leading to the blockade.

For an entire year, people from the town and villages next to Amulsar have blockaded the entry roads to the mine and have succeeded in completely shutting down construction. This was made possible thanks to the efforts of the entire community—from those living for months at a time at the blockade sites, to the shopkeepers sending food and supplies. Environmental activists along with the local community had been campaigning around Amulsar before this and faced police repression, but since the revolution, this peaceful protest has been allowed to continue without any violence or repression from the authorities.

However, this amazing act of resistance came under threat earlier this year when Lydian threatened to sue the government in corporate courts, also known as Investor State Dispute Settlements (ISDS)—a lesser known feature of modern trade deals that place an unbelievable amount of power and control into the hands of corporations. These corporate courts allow companies to sue states for decisions that reduce projected profits, so Lydian based the challenge on the government’s ‘failure’ to remove the protest blockades, using both a UK–Armenia and Canada–Armenia investment deal, asking for a pay-out equivalent to two thirds of Armenia’s annual budget. 

Essentially Lydian is using corporate courts to bully the Armenian government into taking a more repressive approach to public protest. 

Now that the Armenian government has caved to corporate pressure and given the go-ahead to the mine, there’s a real risk that it will move to remove the local protestors.

This is corporate courts in action—holding the government to ransom until it backs down. What is on the table is billions in compensation. It sounds like a kind of Kafkaesque situation, and it is. The Armenian government is right to be worried—these corporate courts have been successfully used to strip billions from the public purse of governments that could really do with that money to spend on much needed public services.  This is why campaigning against corporate courts is so important.

We need to tell Lydian to drop the corporate court case and respect the wishes of the local communities.

Note: The film War on Want produced, More precious than gold: community resistance v corporate courts, highlights the struggle of the community, and the concerns of environmental experts, showing that the case against the mine is compelling.


Asbarez: Bill to Help GCC Offset April 24 Closure Costs Heads to Senate Floor

Senator Portantino (left) authored Senate Bill 568

SACRAMENTO—SB 568, authored by Senator Anthony J. Portantino (D–La Cañada Flintridge) passed the Senate Education Committee on Wednesday and is headed to the Senate Floor for final action. SB 568 would help Glendale Community College offset revenue losses associated with closing on April 24th. April 24 is the day the worldwide Armenian Community commemorates the Armenian Genocide.

“Two years ago, I was approached by GCC to help the college offset the cost of closing on April 24th. Unlike K-12 schools, current state law does not give GCC the same flexibility that the GUSD has to close without financial loss. I am very proud to have helped move one-step closer to rectifying this situation. The Armenian American Community, greater Glendale community, faculty, administrators and students of GCC solemnly and appropriately want to commemorate the Armenian Genocide without unnecessary financial pressure, and the State should help them do it. It is also important to remember that the benefits of SB 568 go beyond financial. When GCC closes on April 24th it educates many people about the historical significance of the day and the horror of the first Genocide of the 20th Century,” remarked Senator Portantino.

Senator Portantino, who has a long and positive relationship with the Armenian American and Glendale Community College community, has been in negotiations with the Community College Chancellor’s Office for the last two years to bring a solution to this issue. SB 568 is the culmination of those discussions. Under current law, K-12 school districts like the GUSD have the ability to close and not lose funding. Community Colleges currently do not have the same flexibility causing GCC to a loss of an estimated $500,000 for closing on April 24th.

“On behalf of the Glendale Community College District, we appreciate Senator Portantino’s leadership and authorship of SB 568. The passage of this bill will benefit not only the present constituency of Glendale’s Community, but generations to come,” noted Glendale Community College’s Executive Vice President Dr. Anthony Culpepper.

GCC Vice President Dr. Anthony Culpepper traveled to Sacramento this morning to offer testimony in support of SB 568 at the Senate Education Committee hearing. The Committee unanimously passed the bill and it is on its way to the Senate Floor.