NKR President Held Meetings In New York

NKR PRESIDENT HELD MEETINGS IN NEW YORK

De Facto
Nov 24, 2008

STEPANAKERT, 24.11.08. DE FACTO. On November 21 in New York NKR
President Bako Sahakian held a meeting with the members of the
governing board of the Armenian General Benevolent Union (AGBU)
Nazareth Festikjyan, Sargis Jebejyan and Michael Anzouri.

Issues related to current and future projects in Artsakh were discussed
at the meeting.

The Head of the State rated high the role of the AGBU in the
development of Artsakh and Armenia as well in preservation of Armenian
national identity in the Diaspora.

According to the Central Information Department of the Office of the
NKR President, on the same day President Sahakian received entrepreneur
and philanthropist George Pagoumian and discussed with him prospects
of carrying out different projects in the health protection sphere
of Artsakh.

After that President Sahakian visited the Eastern Coast Cilicia Diocese
of the Armenian Apostolic Church and met with head of the diocese
Archbishop Oshagan Choloyan and representatives of Armenian community.

Bako Sahakian introduced to the participants current socioeconomic
situation in the republic, the current stage and prospects of the
Nagorno Karabagh conflict settlement process and answered questions
raised during the meeting.

On November 21the President also held a meeting with James Tufenkian,
president of the "Tufenkian" foundation.

Issues related to the projects being carried out in the NKR and parti
cularly in the Kashatagh region and their prospects were discussed
at the meeting. The Head of the State underlined the importance of
carrying out comprehensive programs in the strategically important
for Artsakh Kashatagh region. This will give a new impetus to the
socioeconomic development of the region.

On the same day Bako Sahakian partook in a dinner party in his
honor that took place at the mansion of entrepreneur Andreas
Roubinian. Representatives of local Armenian community were present
at the event.

Head of the Artsakh Diocese of the Armenian Apostolic Church Archbishop
Pargev Martirosian, NKR finance minister Spartak Tevosian and other
officials partook at the President’s meetings in New York.

Premier: Reliable National Currency To Enable Armenia Resisting Cris

PREMIER: RELIABLE NATIONAL CURRENCY TO ENABLE ARMENIA RESISTING CRISIS

ARKA
Nov 24, 2008

YEREVAN, November 24. /ARKA/. Reliable national currency and banking
system will allow Armenia resisting the current world financial and
economic crisis, Armenian Premier Tigran Sargsyan said at the official
reception on the Banking Employee Day and the commemoration of the
15th anniversary of the Armenian Dram Saturday.

"After 15 years, we can state with satisfaction that Armenian Dram
enjoys confidence and that today we have a stable and strong currency,"
Sargsyan said.

When Dram was introduced as national currency in 1993, the country had
many economic and social problems and was surviving a severe winter,
the Premier said. But, still, people understood it was a historical
day as introduction of the national currency symbolizes restoration
of Armenian independent statehood, he said.

Armenian banking employee can be proud that the country’s banking
system is one of the foundations of the country’s economic system
and stable statehood, the Premier said.

Armenian Dram was officially introduced as the national currency of
Armenia on November 22 1993.

Yerevan’s First Underground Car Park To Be Built By Sep 2009

YEREVAN’S FIRST UNDERGROUND CAR PARK TO BE BUILT BY SEP 2009

ARKA
Nov 24, 2008

YEREVAN, November 24. /ARKA/. Yerevan’s first underground car park
will be built by next September, reported Samvel Danielyan, chief
architect of the capital city.

The Yerevan Municipality plans to build more underground car parks
for 10,000 cars. "The first car park will be a tree-storey building
for 500 vehicles," Danielyan said, adding the Yerevan Municipality
plans to build car parks in territories adjacent to cultural centers
and public places, including Aznavour, Sakharov and Shahumyan squares.

The Italian Renco Arm State Company will build the underground parks in
Yerevan. The parking lot near the Freedom Square will be the municipal
administration’s property.

The municipality plans to build underground car parks in yards next
to residential areas and playgrounds with recreation areas will be
uild on the surface.

Armenian Men’s National Team Shares 1-2nd Places With Ukrainians In

ARMENIAN MEN’S NATIONAL TEAM SHARES 1-2nd PLACES WITH UKRAINIANS IN CHESS WORLD OLYMPIAD

Noyan Tapan

Nov 24, 2008

DRESDEN, NOVEMBER 24, NOYAN TAPAN. The Chess World Olympiad is coming
to an end in Dresden. The games of the penultimate, 10th tour took
place on November 23. The men’s national team of Armenia beat the
team of Serbia with the score of 3 to 1, the team of the Ukraine
beat the team of Israel with the score of 2.5 to 1.5. After 10 tours
the national team of Armenia shares the 1-2nd places with the chess
players of the Ukraine.

In this tour the women’s national team of Armenia was defeated by the
team of Poland with the score of 1.5 to 2.5 and shares the 7-12th
places with 6 countries’ national teams with 14 points each. The
chess players from Poland are the leaders in women’s tournament
with 17 points. The women chess players from the Ukraine, Georgia,
and Serbia share the 2-4th places with 16 points each.

Armenia’s men chess players will compete with the delegates of China
and women with the delegates of India in the 11th tour scheduled for
November 25.

http://www.nt.am?shownews=1009972

NKR President Bako Sahakyan’s Speech In Los Angeles

NKR PRESIDENT BAKO SAHAKYAN’S SPEECH IN LOS-ANGELES

Panorama.am
14:04 24/11/2008

On 23 November NKR President Bako Sahakyan delivered in Los Angeles
a speech at the Gala Dinner Party organized by the "Hayastan"
All-Armenian fund and to the "Telethon -2008".

"Dear friends, Ladies and gentlemen,

I am very much happy to have an opportunity to welcome once
again at this overcrowded hall. This is the best evidence of the
fact that Artsakh and Diaspora are united and consolidated, that
Artsakh-Armenia-Diaspora trinity has been strengthening and becoming
more practical day by day.

First of I congratulate you as citizens of the United States of America
on electing new president. Indeed, the victory of Barack Obama is
an important event in the history of America and world democracy. I
hope that his readiness to address issues the Armenian people face
will contribute to further strengthening and diversifying relations
between our countries.

I would like also to thank all of you that even today when the USA
faces financial crisis you are ready to contribution to the development
and prosperity of your Motherland. At t at the bottom of our hearts
we are grateful to you for such a great devotion and kind-heartedness.

Friends, a full year has passed since our previous meeting. I would
like to introduce you changes, which also owning to you have taken
place in Artsakh within this time period. In virtue of your immediate
assistance in different settlements of the republic new schools,
kindergartens, medical institutions and water pipes have been built
and rebuilt; a number of programs are in progress. Practical and
realistic programs have been carried out to solve social problems,
to increase living conditions of people and improve demographical
situation, a strategically important sphere for our state.

Recently we solemnly celebrated an unprecedented event – the Grand
Karabagh Wedding. As a result nearly 700 new families were formed in
Karabagh. This undertaking was carried out under the patronage of our
compatriots from Russian and its goal is to stimulate birthrate and
having many children in our country. This is very important for the
future of our people and republic. In this respect I want to introduce
an important figure: the programs being carried out resulted in nearly
3000 marriages registered within the 10 month period of the current
year. This is against the background of 750 to 800 marriages, which
were registered annually in the last five years.

Considerable changes have taken place also in the size and structure
of the state budget. The 2008 state budget exceeds that of the
previous year more than 1,3 times. The volume of monies allocated
to agriculture, forestry and water industry by current year state
budget exceeds that of the 2007 more than 3,8 times, in the sphere of
social security 1,5 times. In the spheres of education and science
the difference is 27%, in capital investments it is 22%, and in the
sphere of culture it is around 29 percent.

Reforms have been implemented in the spheres related to investments
and entrepreneurship too. As a result of these reforms the country’s
economy has received more than 10 million dollar foreign investments
in the current year.

In spite of positive changes it must be noted that the current year is
a quite difficult one for our republic. Almost all settlements of the
republic have suffered from unprecedented frost and strong winds. It
caused several million dollar damage to our economy. However, the
people of Artsakh were able to cope with those difficulties also and
came off with flying colors. It became possible by dint of exerting
every effort, systemized and consolidated work of population, personnel
of the armed forces and authorities of the republic.

Artsakh people are well aware that only through laborious work
they can build and enrich their country, make the land of their
ancestors flourishing and prospering, leave free and independent,
strong and invincible Motherland to the generations to come. You,
our world-spread compatriots, our sisters and brothers who are always
ready to be useful to their Motherland and nation on the other side
of the ocean, have important role to play too.

The best proof of this can be considered the annual telethons organized
by "Hayastan" All-Armenian fund. The entire Armenian people have
been united around this idea. I want to assure you that every cent
you contribute to the Motherland will give its worthy result, will
be multiplied and serve its very purpose. Your kind deeds will be
memorized and passed from generation to generation.

Compatriots, the "Telethon-2008" is again devoted to the development of
Armenian and Artsakh economy especially to revival of the countryside,
securing development of villages and rural settlements and improving
living standards of the population. The sums collected during the
already traditional telethons will be spent on building and reviving
state infrastructures, as well as on securing normal living conditions
for people.

The top priorities of our economic development are the spheres
of education, science, culture, health protection, capital
construction. The solution of problems related to the security of our
republic is of great importance too. Strong and efficient army is the
most important guarantee of security of our people. The authorities
of the state are have been doing everything possible to keep the army
always ready to fulfill the tasks put before it.

Friends, I am very much confident that we will continue to build our
country together, do our best so secure quiet, peaceful and worthy
life for the people of Artsakh on the land of their ancestors land
and make their homes and the Motherland prosper.

This year we have celebrated the 20th anniversary of Artsakh Heroic
Movement with in a great way and reiterated publicly that we are
resolute in our choice. The land of Artsakh has been and will always be
an Armenian. We have paid too high price to live a free, independent
and secure life in our own land and not even for a moment we have
right to forget about blood that has been shed by the best sons of the
Armenian people. The best perpetuation of the memory of our martyrs
will be the strong and prosperous Nagorno Karabagh Republic.

We said many times before and will always say that the independence
and security of Artsakh are of exclusive values cannot be subject to
any speculation.

Compatriots, the future of Artsakh is a task for the entire Armenian
people and only being united and consolidated we can realize our
national goals, only together we can secure bright and radiant future
for dear to all of us Artsakh and the worldwide Armenians.

Thank you and all the best!"

First Person: Omer Goldman

First Person: Omer Goldman
As told to Sarah Duguid

FT
November 22 2008 00:43

I first went to prison on September 23 of this year and served 35 days.
By the time you read this, I will be back inside for another 21. This
is going to be my life for the next two years: in for three weeks, out
for one. I am 19 years old now and by the time the authorities give up
hounding me, I will be 21. The reason? I refused to do my military
service for the Israeli army.

I grew up with the army. My father was deputy head of Mossad and I saw
my sister, who is eight years older than me, do her military service.
As a young girl, I wanted to be a soldier. The military was such a part
of my life that I never even questioned it.

Earlier this year, I went to a peace demonstration in Palestine. I had
always been told that the Israeli army was there to defend me, but
during that demonstration Israeli soldiers opened fire on me and my
friends with rubber bullets and tear-gas grenades. I was shocked and
scared. I saw the truth. I saw the reality. I saw for the first time
that the most dangerous thing in Palestine is the Israeli soldiers, the
very people who are supposed to be on my side.

When I came back to Israel, I knew I had changed. I told my dad what
had happened. He was angry that I had been over to the occupied
territories and told me I had endang
ered my life. I have always
discussed history and politics with my father but on this subject ` my
rejection of the military and my conscientious objecting ` we can’t
speak.

My parents divorced when I was three and my father has a new family. My
mother is an artist and she is very supportive of me. But my father has
been horrified by my decision. I think he thought that I was going
through a stage that I would grow out of. But it hasn’t happened.

In prison, I wake up at five and clean all day, inside and out. It’s a
military prison so we are made to do ridiculous stuff. They painted a
white stripe across the floor, and I have to keep the stripe glowing
white and clean. I have to wear a US army uniform. The uniforms were
given as a present to the Israeli army by the US Marines. I feel
stupid. I am anti-military. I am against the whole idea of wearing the
uniform.

The other prisoners are women from the army. They are in for silly
things such as playing with their guns, smoking dope, running away from
the army. None of them is really a criminal. And then there are five
girls like me who are conscientious objectors.

We talk to the other girls, tell them things they have never heard
about before. Like that everyone is a human, no matter what religion
they are. Some of them are really ignorant. They have never heard of
evolution theory, or Gandhi or Mandela, or the Armenian holocaust. I
try to tell them that there have been a lot of genocides.

Of course I get scared when I am in prison. Three times a week, I have
to help guard the prison at night. But also, it’s frightening that my
country is the way that it is, locking up young people who are against
violence and war. And I worry that what I am doing may damage my
future. The worst part is that I have a taste of freedom and then I am
back inside, back to my mundane prison life. It’s hard to go from being
a free girl who can decide things for herself ` what to wear, who to
see, what to eat ` and then go back to having every minute of the day
timetabled.

Last time I was out of prison, I went to see my dad. We tried not to
talk politics. He cares about me as his daughter, that I am suffering,
but he doesn’t want to hear my views. He hasn’t come to visit me in
prison. I think it would be too hard for him to see me in there. He is
an army man.

I suppose, actually, we have similar characters. We both fight for what
we believe in. It’s just that our views are diametrically opposed.

Hungarian FM Holds Talks On Expanding Ties In Armenia

HUNGARIAN FM HOLDS TALKS ON EXPANDING TIES IN ARMENIA

Hungarian News Agency
November 17, 2008 Monday
MTI

Yerevan, November 17 (MTI) – Hungary sees Armenia as a friend and is
endeavouring to translate this into practical cooperation in multiple
fields, Hungarian Foreign Minister Kinga Goncz told Armenian President
Serzh Sargsian in Yerevan on Monday as covered by the Armenian
public radio.

Goncz spoke in terms of appreciation about Armenia’s economic growth
and emphasised the need to intensify bilateral economic cooperation.

The Hungarian foreign minister stressed that the European Union was
deeply aware of how important the Caucasian region was in guaranteeing
a secure energy supply.

Armenia Fund Telethon 2008 To Air November 27

ARMENIA FUND TELETHON 2008 TO AIR NOVEMBER 27

armradio.am
20.11.2008 13:16

Armenia Fund’s International Telethon, a Thanksgiving Day tradition for
Armenians around the world will air for the 11th time on November 27,
8am-8pm PST. Building on the results of last year, the pan-Armenian
fundraiser will benefit major infrastructure development projects in
the remote border villages of Armenia and Artsakh.

"Our guiding light in choosing the beneficiary projects are the
decisions of the International Board of Trustees of "Hayastan"
All-Armenian Fund. They decide the nature of the projects and their
respective priorities. Working in conjunction with the governments of
Armenia and Artsakh, our Executive Board in Yerevan spends several
months performing feasibility studies on several dozens of proposed
projects. The purpose of the extensive studies is to help decide
what plays a key role on the development of border villages. After
implementation, the goal is to have maximum impact on the lives of
residents of those communities", said Maria Mehranian, Chairperson
of Armenia Fund U.S. Western Region.

In Southern California, the Telethon will once again air on KSCI
Channel 18 for full 12 hours, 8:00am-8:00pm PST. Around the world the
Telethon will be featured on H1-Armenian Public Television. Los-Angeles
based 24 hour Armenian Russian Television Network and Horizon Armenian
TV will also air the Telethon in its entirety, on its cable, satellite
and internet networks.

As always, this year’s broadcast will feature a selection of the best
Armenian performers from Armenia and the Diaspora. Artists will include
Arame, Razmik Amyan, Gagik Badalyan, Emma and Aramo, Harout Hagopian,
Helen, Arax Karapetyan, Martik, Gor Mkhitarian, Armen Movsisyan, Harout
Pamboukjian, Sako, Hovhannes Shahbazian, Sonya Varoujian and others.

The program will also feature a live performance by the 2007 and
2008 season winners of Shant TV’s National Singer contest show, Sevak
Amroyan and Haykuhi Babakhanyan, made possible by Los Angeles based
Armenian Russian Television Network (ARTN).

Airing live at 8:00 in the morning from Hollywood and continuing for
12 hours, Telethon 2008 will reach every continent, entering Armenian
homes through satellite, cable and internet means. In the United
States alone the potential audience for the Telethon is around 55
million households in the states of Arizona, California, Massachusetts,
Michigan, Missouri, Nevada, New Jersey, New York and Texas.

"In the last 6 months Armenia Fund production crews, including
myself, have traveled extensively in Armenia and in Nagorno Karabakh,
documenting the impact of Armenia Fund’s projects on the lives of
ordinary people in the villages. What strikes me the most during my
travel is the determination of the Armenian people to better their
lives and the lives of the future generation s in an independent and
free Armenia. I never sensed despair in Armenia. I always found hope",
said Michael Levin, Executive Producer of Telethon 2008.

Last year more than 250,000 Armenian families around the world
have participated in the Telethon generating more than $15
million. Individual donations ranged from 100 drams (30 cents) to
several million dollars.

"This year we are asking our donors to join our "DOLLAR-A-DAY"
campaign by contributing $365 for the year 2008. If you think about
it this is the most practical way of fulfilling our "azkayin dourk"
– national giving, a concept that was at the crux of issues when
"Hayastan" All-Armenian Fund was formed 17 years ago. My modest
calculations put the number of Armenian families in the United States
at 270,000. If every family gives a dollar a day in the United States
alone, that makes it close to $100 million a year. Think about it when
you watch the Telethon this Thanksgiving Day, November 27. Donate
a dollar for every day of 2008. Say that you care about Our Home,
Armenia every day!" said Sarkis Kotanjian, Executive Director of
Armenia Fund U.S. Western Region.

Found: An Ancient Monument to the Soul

tml?_r=1&th&emc=th

November 18, 2008

Found: An Ancient Monument to the Soul

By JOHN NOBLE WILFORD

In a mountainous kingdom in what is now southeastern Turkey, there lived
in the eighth century B.C. a royal official, Kuttamuwa, who oversaw the
completion of an inscribed stone monument, or stele, to be erected upon
his death. The words instructed mourners to commemorate his life and
afterlife with feasts "for my soul that is in this stele."

University of Chicago archaeologists who made the discovery last summer
in ruins of a walled city near the Syrian border said the stele provided
the first written evidence that the people in this region held to the
religious concept of the soul apart from the body. By contrast, Semitic
contemporaries, including the Israelites, believed that the body and
soul were inseparable, which for them made cremation unthinkable, as
noted in the Bible.

Circumstantial evidence, archaeologists said, indicated that the people
at Sam’al, the ancient city, practiced cremation. The site is known
today as Zincirli (pronounced ZIN-jeer-lee).

Other scholars said the find could lead to important insights into the
dynamics of cultural contact and exchange in the borderlands of
antiquity where Indo-European and Semitic people interacted in the Iron
Age.

The official’s name, for example, is Indo-European: no surprise, as
previous investigations there had turned up names and writing in the
Luwian language from the north. But the stele also bears southern
influences. The writing is in a script derived from the Phoenician
alphabet and a Semitic language that appears to be an archaic variant of
Aramaic.

The discovery and its implications were described last week in
interviews with archaeologists and a linguist at the University of
Chicago, who excavated and translated the inscription.

"Normally, in the Semitic cultures, the soul of a person, their vital
essence, adheres to the bones of the deceased," said David Schloen, an
archaeologist at the university’s Oriental Institute and director of the
excavations. "But here we have a culture that believed the soul is not
in the corpse but has been transferred to the mortuary stone."

A translation of the inscription by Dennis Pardee, a professor of Near
Eastern languages and civilization at Chicago, reads in part: "I,
Kuttamuwa, servant of [the king] Panamuwa, am the one who oversaw the
production of this stele for myself while still living. I placed it in
an eternal chamber [?] and established a feast at this chamber: a bull
for [the god] Hadad, a ram for [the god] Shamash and a ram for my soul
that is in this stele."

Dr. Pardee said the word used for soul, nabsh, was Aramaic, a language
spoken throughout northern Syria and parts of Mesopotamia in the eighth
century. But the inscription seemed to be a previously unrecognized
dialect. In Hebrew, a related language, the word for soul is nefesh.

In addition to the writing, a pictorial scene chiseled into the
well-preserved stele depicts the culture’s view of the afterlife. A
bearded man wearing a tasseled cap, presumably Kuttamuwa, raises a cup
of wine and sits before a table laden with food, bread and roast duck in
a stone bowl.

In other societies of the region, scholars say, this was an invitation
to bring customary offerings of food and drink to the tomb of the
deceased. Here family and descendants supposedly feasted before a stone
slab in a kind of chapel. Archaeologists have found no traces there of a
tomb or bodily remains.

Joseph Wegner, an Egyptologist at the University of Pennsylvania, who
was not involved in the research, said cult offerings to the dead were
common in the Middle East, but not the idea of a soul separate from the
body – except in Egypt.

In ancient Egypt, Dr. Wegner noted, the human entity has separate
components. The body is important, and the elite went to great expense
to mummify and entomb it for eternity. In death, though, a life force or
spirit known as ka was immortal, and a soul known as ba, which was
linked to personal attributes, fled the body after death.

Dr. Wegner said the concept of a soul held by the people at Sam’al
"sounds vaguely Egyptian in its nature." But there was nothing in
history or archaeology, he added, to suggest that the Egyptian
civilization had a direct influence on this border kingdom.

Other scholars are expected to weigh in after Dr. Schloen and Dr. Pardee
describe their findings later this week in Boston at meetings of the
American Schools of Oriental Research and the Society of Biblical
Literature.

Lawrence E. Stager, an archaeologist at Harvard who excavates in Israel,
said that from what he had learned so far the stele illustrated "to a
great degree the mixed cultural heritage in the region at that time" and
was likely to prompt "new and exciting discoveries in years to come."

Gil Stein, director of the Oriental Institute, said the stele was a
"rare and most informative discovery in having written evidence together
with artistic and archaeological evidence from the Iron Age."

The 800-pound basalt stele, three feet tall and two feet wide, was found
in the third season of excavations at Zincirli by the Neubauer
Expedition of the Oriental Institute. The work is expected to continue
for seven more years, supported in large part by the Neubauer Family
Foundation of Chicago.

The site, near the town of Islahiye in Gaziantep province, was
controlled at one time by the Hittite Empire in central Turkey, then
became the capital of a small independent kingdom. In the eighth
century, the city was still the seat of kings, including Panamuwa, but
they were by then apparently subservient to the Assyrian Empire. After
that empire’s collapse, the city’s fortunes declined, and the place was
abandoned late in the seventh century.

A German expedition, from 1888 to 1902, was the first to explore the
city’s past. It uncovered thick city walls of stone and mud brick and
monumental gates lined with sculpture and inscriptions. These provided
the first direct evidence of Indo-European influence on the kingdom.

After the Germans suspended operations, the ruins lay unworked until the
Chicago team began digging in 2006, concentrating on the city beyond the
central citadel, which had been the focus of the German research. Much
of the 100-acre site has now been mapped by remote-sensing magnetic
technology capable of detecting buried structures.

This summer, on July 21, workers excavating what appeared to be a large
dwelling came upon the rounded top of the stele and saw the first line
of the inscription. Dr. Schloen and Amir Fink, a doctoral student in
archaeology at Tel Aviv University, bent over to read.

Almost immediately, they and others on the team recognized that the
words were Semitic and the name of the king was familiar; it had
appeared in the inscriptions found by the Germans. As the entire stele
was exposed, Dr. Schloen said, the team made a rough translation, and
this was later completed and refined by Dr. Pardee.

Then the archaeologists examined more closely every aspect of the small,
square room in which the stele stood in a corner by a stone wall.
Fragments of offering bowls to the type depicted in the stele were on
the floor. Remains of two bread ovens were found.

"Our best guess is that this was originally a kitchen annexed to a
larger dwelling," Dr. Schloen said. "The room was remodeled as a shrine
or chapel – a mortuary chapel for Kuttamuwa, probably in his own home."

They found no signs of a burial in the city’s ruins. At other ancient
sites on the Turkish-Syrian border, cremation urns have been dated to
the same period. So the archaeologists surmised that cremation was also
practiced at Sam’al.

Dr. Stager of Harvard said the evidence so far, the spread of languages
and especially the writing on stone about a royal official’s soul
reflected the give-and-take of mixed cultures, part Indo-European, part
Semitic, at a borderland in antiquity.

Copyright 2008 The New York Times Company

http://www.nytimes.com/2008/11/18/science/18soul.h

PM Tigran Sargsyan Received Representatives Of The WB Armenia Office

PM TIGRAN SARGSYAN RECEIVED REPRESENTATIVES OF THE WB ARMENIA OFFICE

armradio.am
18.11.2008 15:09

Prime Minister of Armenia Tigran Sargsyan received the representatives
of the World Bank in Armenia led by Head of Office Aristomene
Varoudakis.

The Armenian Prime Minister noted that the draft budget for Fiscal
Year 2009 has already been presented. The Government program of
arrangements for resisting the world financial crisis has also been
introduced recently. It emphasizes the necessity of implementing a
set of quick actions in the established situation. The Prime Minister
assured that this approach was approved by World Bank experts during
his visit to Washington. According to Tigran Sargsyan, Armenia managed
to resist the first wave of the crisis.

However, currently the countries of the world are worried about the
second wave of the economic crisis, and Armenia should also prepare
steps for softening its influence.

Tigran Sargsyan suggested the World Bank representatives to discuss the
agreements on allocating $250 million loan to small and medium-sized
enterprises of Armenia reached during his visit to Washington

The Prime Minister noted that negotiations are underway with other
financial structures for attracting necessary financial means.