Armenian Depositors Prefer U.S. Dollars

ARMENIAN DEPOSITORS PREFER U.S. DOLLARS

news.am
May 5 2010
Armenia

As of this March end, the balance of physical persons’ deposits with
Armenian commercial banks totaled 313.8bn AMD – an annual increase
of 39.3%. The population’s savings in banks increased by 88.6bn AMD
or 28.2% of the total deposited amount by the end of March, 2010.

Of special interest is the structure of deposits in terms of currency.

Compared with same period last year, as of March end, the population’s
deposits in commercial banks in Armenian drams increased by 11.5bn AMD
(21.5%), and in foreign currency — by 77.1bn AMD (44.9%). Thus, the
population’s foreign currency deposits register both the outstripping
growth rate and multiple index of absolute growth compared to deposits
in national currency.

As a result, the domestic currency to total amount of deposits showed
a 3% decrease, making 20.7%. In contrast, the share of the population’s
foreign currency deposits boosted to 79.3%.

The U.S. dollar has shown 7.8% revaluation against the AMD since last
March, when the RA Government adopted a floating dram rate policy.

As for the total amount of the household deposits with commercial
banks, the ratio of the retail trade turnover to charged services,
that is as of the 2009 end the deposits totaled 291.6bn AMD – 15.8%
of the annual retail volume and charged services.

1mln AMD To Five Best Customers Of The HSBC Bank Armenia

1MLN AMD TO FIVE BEST CUSTOMERS OF THE HSBC BANK ARMENIA
Nelly Danielyan

"Radiolur"
04.05.2010 14:45

The HSBC Bank Armenia awarded its best customers, who use trade
financing tools.

HSBC Group Head of Trade and Supply Chain for Europe Stuart Nivison
presented diplomas to five best customer of the bank in Yerevan today.

The winners will also receive 1mln AMD each as a gift from the bank
for further use of trade financing tools.

"Despite last year’s economic decline, HSBC Bank Armeni" secured 40%
growth of the trade financing portfolio", General Director of the
Bank Astrid Clifford stated, adding that this year the bank will make
technological investments into trade financing at the volume of USD
400 thousand.

Deputy Chairman of the Central Bank (CB) of Armenia Vache Gabrielyan
expressed hope that the bank would put a special emphasis on export
financing, which would make its financial tools more demanded.

LETTER To Cumberland Times-News , MD

LETTER TO CUMBERLAND TIMES-NEWS , MD

Cumberland Times-News
May 3 2010

America near to breaking record for genocides Cumberland Times-News

The purpose of this email is to encourage. Never give up the fight.

The fight for the right to life. We have another chance to plead the
case to the court of public opinion.

President Obama is soon to nominate a new Supreme Court Justice. The
confirmation process is an opportunity to bring a magnifying glass
to the problem at hand … murder, mass murder.

It is estimated that there have been over 50 million abortions in
American since Roe vs. Wade. That number is increasing by about 1.5
million abortions each year.

It seems by nature that we are competitive in the United States. Well
we are about to break a record if we have not already done so. That
is, a record for atrocities.

Let’s look at the data. Adolph Hitler is history’s whipping boy. The
horrible genocide of Hitler is always used as an example of evil. I
do not know if the reported 6 million lives taken are accurate or not.

I know that it was not only Jews, but some Christians were included
in Hitler’s "Final Solution."

It does not matter whether it was 6 million or 4 million or even 2
million people killed, it was an evil, malignant program.

But Adolph Hitler was not the only genocidal maniac. It is reported
that when Hitler was discussing this genocide, some of his officers
pointed out the obvious negative image it would give to Germany.

Hitler is said to have replied, "Who remembers the Armenians?" Indeed,
beginning in 1915 the Ottoman Turks systematically killed well over
1 million Armenians. To this day, the Turkish government denies the
events of that period of time.

Of course, Stalin makes Hitler look like an amateur. Stalin was
responsible for the deaths of 40 million Ukrainians in the 1930s.

Mao, the over-achiever, surpassed Stalin by causing the deaths of an
estimated 50 million Chinese citizens.

The 20th Century was a time of great evil. The lives of millions upon
millions of people were taken, frequently by their own government. But
we in America can be proud, because the United States is seeking to
break the record, via abortions.

If the United States has not surpassed Chairman Mao, we will do
so shortly. When Cain killed Abel, the Lord said to Cain, "Your
brother’s blood cries out to me from the ground." (Genesis 4:10) If
the blood of one man cries out to the Lord, how much more the blood
of 50 million innocents?

The Lord cannot continue to bless America. His righteousness will not
allow Him to do so. Pray for America. There will be a Christian Day
of Prayer in Washington, D.C., on May 6.

If you cannot be there in person, be there in the Spirit. Pray for
America. God is gracious. May America repent of the atrocity of
abortion. May God forgive us.

www.nationaldayofprayer.org

USCIRF Alerts On Freedom Of Religion Violations In Turkey

USCIRF ALERTS ON FREEDOM OF RELIGION VIOLATIONS IN TURKEY

PanARMENIAN.Net
April 30, 2010 – 12:46 AMT 07:46 GMT

The United States Commission on International Religious Freedom
(USCIRF) announced its 2010 recommendations to Congress, the White
House, and the State Department, which included keeping Turkey on
its "Watch List" as one of the most serious offenders of freedom of
religion towards non-Muslim communities, Archon News reported.

"Over the past few months USCIRF has visited a number of human rights
‘hot spots’ where freedom of religion is obstructed and related human
rights are trampled," said Leonard Leo, USCIRF chair. "This year’s
report offers new and important policy solutions to improve conditions
where foreign policy, national security, and international standards
for the protection of freedom of religion can and should intersect.

The report’s conclusion is clear-the Administration must do more!"

A fifteen-page section is devoted to the current situation in Turkey
in which the Commission begins:

"Serious limitations on the freedom of religion or belief continue to
occur in Turkey. Turkey’s active civil society, media, and political
parties influence the climate for religious freedom and help define
the debate about the appropriate role of religion in society. Turkey
has a democratic government, and the country’s constitution calls for
the protection of the freedom of belief and worship and the private
dissemination of religious ideas. Nonetheless, the Turkish government’s
attempt to control religion and its effort to exclude religion from
the public sphere based on its interpretation of secularism result
in serious religious freedom violations for many of the country’s
citizens, including members of majority and, especially, minority
religious communities. The European Union (EU) continues to find that,
despite some improvements since its 2001 bid to join the EU, "Turkey
needs to make additional efforts to create an environment conducive
to full respect for freedom of religion in practice." An additional
factor influencing the climate during the past year includes the
alleged involvement of state and military officials in the Ergenekon
plot, which included alleged plans to assassinate the Greek Orthodox
and Armenian Orthodox patriarchs and to bomb mosques."

The report continues saying, "U.S. policy should place greater emphasis
on Turkey’s compliance with its international commitments regarding
freedom of religion or belief. For instance, the United States should
encourage the Turkish government to address the long-standing lack of
full legal recognition for religious minorities, including Alevis;
Greek, Armenian, and Georgian Orthodox; Roman and Syriac Catholics;
Protestants; and Jews.

Regarding the restrictions on legal status of non-Muslim minorities,
the report states: "The 1923 Treaty of Lausanne, a peace treaty
signed between Turkish military forces and several European powers
that formally established the Republic of Turkey, contained specific
guarantees and protections for all non-Muslim religious minorities
in Turkey. Since that time, however, the Turkish government has
interpreted those treaty obligations as limited to the Greek Orthodox,
Armenian Orthodox, and Jewish communities. Nevertheless, despite this
unique status, legal recognition of these three religious minority
communities, and guarantees cited, have not been implemented in
Turkish law or practice, and the Turkish government continues to use
the denial of legal personality to these groups as a mechanism to
restrict their rights of religious freedom.

"In Turkey today, there are about 65,000 Armenian Orthodox
Christians, 23,000 Jews, and approximately 1,700 Greek Orthodox
Christians. When Turkey was founded in 1923, there were 200,000
Greek Orthodox Christians in the country. By 1955, the number had
fallen to 100,000; that year, pogroms against the Greek Orthodox
resulted in the destruction of private and commercial properties,
desecration of religious sites, and killings. Due to ongoing threats,
the Greek Orthodox community’s numbers continued to decline to their
present level.

"For more than fifty years, the Turkish government has used convoluted
regulations and undemocratic laws to confiscate hundreds of religious
minority properties, primarily those belonging to the Greek and
Armenian Orthodox communities, as well as those of the Catholic and
Jewish communities."

Further reporting about the restrictions faced by the Ecumenical
Patriarchate and Armenian Patriarchate, state: "The Turkish state
also has closed minority communities’ seminaries, denying these
communities the right to train clergy, and has interfered with
their internal arrangements and leadership decisions. For example,
the Turkish government still does not recognize the Greek Ecumenical
Patriarchate as a legal entity. "

"The Armenian Orthodox community, which is Turkey’s largest non-Muslim
religious minority, also lacks a seminary in Turkey to educate
its clerics and today only has 26 priests. In 2006, the Armenian
Patriarch submitted a proposal to the Minister of Education to enable
the Armenian Orthodox community to establish at a state university a
faculty on Christian theology with instruction by the Patriarch. To
date, the Turkish government has not responded to this request.

Additionally, like the Greek Orthodox Patriarch, the Armenian
Patriarch lacks legal personality. The Armenian Patriarch reportedly
receives about 300 email threats daily, and has two secret police
bodyguards who accompany him at all times. "Due to the Turkish law
banning the public wearing of clerical garb, foreign Christian clergy,
including Georgian, Greek and Russian Orthodox, were required in 2009
to remove their church vestments before they were allowed to enter
Turkey. Christian clerics in Turkey who are Turkish citizens cannot
wear their clerical dress anywhere in public."

Nagorny Karabakh Issue Discussed At PACE

NAGORNY KARABAKH ISSUE DISCUSSED AT PACE

ArmInfo
2010-04-29 13:44:00

ArmInfo. Heads of the Armenian and Azerbaijani Delegations to PACE,
David Haroutiunyan and Samad Seidov, discussed the Karabakh conflict
with PACE President Mevlut Chavushoglu on Wednesday.

Head of the Armenian Delegation to PACE David Haroutiunyan told
ArmInfo: Consultations were held yesterday with participation of PACE
President and the Head of the Azerbaijani delegation to PACE. The
issue of Nagorny Karabakh was discussed as well. The consultations
will be continued during the June Session of PACE. By one opposition
member of the Armenian and Azerbaijani delegations will participate
in the discussions."

Heads Of Armenian And Azerbaijani Delegations To PACE Meet In Strasb

HEADS OF ARMENIAN AND AZERBAIJANI DELEGATIONS TO PACE MEET IN STRASBURG

Armradio.am
29.04.2010 17:29

The Heads of Armenian and Azerbaijani delegations to the Parliamentary
Assembly of the Council of Europe (PACE) had a meeting Strasbourg,
Information and Public Relations Department of the National Assembly
reported.

During the meeting, featuring PACE President Mevlut Chavushoglu,
David Harutyunyan and Samed Seidov exchanged views on the Karabakh
conflict settlement.

The parties decided to hold the next meeting in June, with one
opposition representative included in each delegation.

BAKU: Turkish Ambassador To Azerbaijan: Knesset Not To Take False St

TURKISH AMBASSADOR TO AZERBAIJAN: KNESSET NOT TO TAKE FALSE STEP

Trend
April 29 2010
Azerbaijan

The Israeli Parliament will not submitted the fictional "Armenian
genocide" issue for discussions, Turkish ambassador to Azerbaijan
Hulusi Kilic told journalists today.

"Our position is that the parliamentarians should give an opportunity
to historians to study this issue. I think that Israeli Parliament
will not take a false step," Kilic said.

According to him, Turkey has many friends in Israel.

The meeting of the Left parties faction represented in the Knesset
adopted a decision on submitting the fictional " Armenian genocide"
for discussions.

Twenty MPs participated in the voting, 12 of whom voted for the
decision and eight – against. The decision has been represented to
the Israeli Parliamentary Committee on Foreign Relations and Defence.

Armenia claims that the Ottoman Empire committed "genocide" against
Armenians living in Anatolia in 1915. Making greater efforts to promote
the issue internationally, Armenians have achieved its recognition
by parliaments in some countries.

Turkey’s Security Council Held Discussion On Armenian Genocide

TURKEY’S SECURITY COUNCIL HELD DISCUSSION ON ARMENIAN GENOCIDE

Tert.am
30.04.10

A Security Council session held on April 29 and presided by Turkey’s
President Abdullah Gul discussed the current situation in the South
Caucasus and issues related to the international recognition of the
Armenian Genocide.

"The session discussed the statements made by different states about
the 1915 events and the initiatives undertaken by the Turkish side
over the issue. The common history of the Armenian and Turkish people
is possible only to discuss on the basis of undeniable evidence and
documents, without prejudice, with unbiased and scientific approach,"
reads a statement released after the session.

Further it says that the participant of the session discussed the
"current situation and the recent developments in the South Caucasus."

"It was stated the Turkey stands firm in spending efforts for stability
and cooperation in the whole Caucasus," reads the statement.

Interestingly, there is no mention of the Armenia-Turkey Protocols
and their ratification process in the statement.

Among other issue discussed during this Security Council session
were the Cyprus issue, the presidential election in the Turkish
Republic of Northern Cyprus, recent parliamentary elections in Iraq,
issues pertaining to the fight against terrorism, recent events in
Kyrgyzstan and the results of the World Nuclear Security Summit held
on April 12-13 in Washington.

Armenia Suspends US-Backed Normalization Of Relations With Turkey

ARMENIA SUSPENDS US-BACKED NORMALIZATION OF RELATIONS WITH TURKEY
Vladimir Socor

Georgian Daily
m_content&task=view&id=18404&Itemid=13 2
April 29 2010
Georgia

On April 22, Armenian President, Serzh Sargsyan, announced a unilateral
suspension of the process of normalizing Armenia-Turkey relations -a
process driven by the United States on its own terms of reference. In
follow-up statements on April 24, Sargsyan interprets the goal of
normalization as being compatible with genocide recognition efforts
against Turkey in the international arena.

Yerevan’s move seems designed at least in part to re-energize such
efforts in the United States, for leverage on Turkey and Azerbaijan.

It follows the failure of Washington’s recent attempts to convince
Turkey to de-couple from Azerbaijan and open the Turkish-Armenian
border, without requiring any withdrawal of Armenian troops from
Azerbaijan’s inner districts.

Sargsyan issued his announcement just two days before Obama’s April 24
Armenian Remembrance Day message. Sargsyan’s timing seemed calculated
to increase pressure for the term "genocide" or a near-equivalent to
be included in the US president’s message. In the event, Obama used an
Armenian paraphrase twice in his message (White House press release,
April 24), just as he had done last year. The White House will have to
struggle with the genocide issue through the mid-term elections until
(at least) next year’s Armenian Remembrance Day.

Technically, Armenia’s suspension takes the form of withdrawing the
Armenian-Turkish normalization protocols from ratification by its
parliament. Signed by presidents Sargsyan and Abdullah Gul, after
US prodding, in October 2009 in Zurich, the two protocols envisaged
establishing diplomatic relations and opening the mutual border for
trade and transit (seen as benefiting mainly Armenia). Normalization
was to be achieved "within a reasonable time-frame," (before the US
political deadline on April 24). Moreover, normalization was to be
pursued "without preconditions," meaning that Turkey would normalize
relations despite Armenia’s occupation of inner-Azeri territories,
while Armenia would withdraw its support from genocide recognition
efforts in the US political arena.

In his April 22 statement to the nation, Sargsyan asserted that
Turkey has dragged out the process beyond a reasonable timeframe, so
as to pass the April 24 deadline (a charge designed to resonate with
the US administration). Sargsyan criticizes Ankara for introducing
preconditions, meaning (though he does not spell it out) that it has
reinstated the linkage between the re-opening of the Turkish-Armenian
border and withdrawal of Armenian troops from inner-Azeri territories.

Armenia therefore suspended the protocols’ parliamentary ratification,
Sargsyan said, until Turkey would re-engages in "normalization"
without preconditions, or separates the process of Turkish-Armenian
normalization from that of Armenia-Azerbaijan conflict resolution.

Armenia retains its [Sargsyan’s] signature under the Zurich protocols
and does not exit the process "for the time being." However, "our
struggle for international recognition of the genocide continues"
(Armenian Radio, Arminfo, April 22, 23).

In two follow-up statements on April 24 to the Armenian people and
to Russian media, respectively, Sargsyan vowed that Armenia would
continue to "struggle for genocide recognition as an irreversible
process" and "an obligation, irrespective of the political situation."

He defines the historical commission envisaged by the Zurich protocols
as a forum for studying the Armenian genocide, not for determining
whether it took place or not. Moreover, "We reject the argument
that the dialogue between Armenia and Turkey can justify the refusal
to recognize the Armenian genocide" (Arminfo, PanArmenian.Net, RIA
Novosti, Interfax, April 24).

Thus, Yerevan contradicts the Obama administration’s argument that
Armenian-Turkish normalization would justify halting the genocide
recognition campaign. To deflect that campaign, the administration
had proposed opening the Turkish-Armenian border, in lieu of genocide
recognition. Yerevan went along with the Obama administration’s
argument for one year, irritating many in the activist Armenian
diaspora groups; but Yerevan is now apparently realigning with that
part of the diaspora by again insisting on genocide recognition.

Addressing a Congressional leadership group headed by House Speaker
Nancy Pelosi in Washington, Armenian Ambassador, Tatul Margarian,
similarly declared, "The [Armenia-Turkey] rapprochement cannot take
place to the detriment of genocide recognition" (PanArmenian.Net,
April 24).

All this seems to presage continuing attempts at exerting political
leverage on Ankara and Baku via Washington’s political processes, in
the run-up to the US mid-term elections. The administration had sought
Yerevan’s help for moving the genocide debate from the US political
arena into the quiet confines of a historical commission. Apparently,
Yerevan has become less cooperative in this regard.

Yerevan has suspended its part in the "normalization," realizing that
the process has failed to divide Turkey from Azerbaijan, or to pressure
Ankara into sacrificing Baku’s interests in the Armenia-Azerbaijan
conflict. Moscow must have realized this also.

Sargsyan flew to Moscow for consultations with President Dmitry
Medvedev on April 20, two days before announcing the suspension of
normalizing relations with Turkey (Arminfo, Interfax, April 20-22).

Source:

http://georgiandaily.com/index.php?option=co
http://www.jamestown.org/programs/edm

Analysis: Armenia-Turkey Peace Collapse Fans Caucasus Tension

ANALYSIS: ARMENIA-TURKEY PEACE COLLAPSE FANS CAUCASUS TENSION

Kyiv Post
87/
April 29 2010
Ukraine

TBILISI, April 29 (Reuters) – The collapse of a plan to end a
century of hostility between Armenia and Turkey may have its biggest
repercussions in the dispute over Nagorno-Karabakh, a flashpoint near
a corridor bringing oil and gas to the West.

The peace initiative between two of the players in a complex web of
relationships in the south Caucasus crumbled last week when Armenia
suspended ratification of the accord.

Observers said the pact, which would have established diplomatic
relations and opened their land border, was already deadlocked as
neither parliament had approved the deal.

But its suspension has left another, potentially explosive issue
hanging in the balance — the fate of Nagorno-Karabakh, a mountainous
region lost by Azerbaijan to Armenian-backed forces in the bloodiest
of the ethnic conflicts that accompanied the 1991 collapse of the
Soviet Union.

Many had hoped normalised relations between Armenia and Turkey would
help unlock talks on the enclave, which has run its own affairs with
the support of Armenia since splitting away from Azerbaijan. It is
connected to Armenia by a slim corridor.

Azerbaijan, a close Turkish ally and energy trading partner, saw the
accord as a betrayal, potentially robbing it of leverage over Armenia
in negotiations on Nagorno-Karabakh.

Analysts say the suspension will do little to soothe Azeri concerns.

"The process has left Azerbaijan isolated, and effectively pulled the
rug from under its foreign policy framework," said Svante Cornell of
the Central Asia-Caucasus Institute.

"It also leaves Armenia’s leadership weakened. thus — more frustration
and more insecurity, the last thing the region needs," he said.

The deal agreed a year ago was the closest Turkey and Armenia had
come to moving past the World War One mass killing of Armenians by
Ottoman Turks that has poisoned their relationship.

The United States and Russia both backed the accord as a means of
stabilising the south Caucasus and encouraging greater trade and
prosperity.

Turkey stood to reap diplomatic kudos in the West as it bids for
membership of the European Union. Landlocked Armenia would have
benefited from the reopening of its western frontier, closed by Turkey
in 1993 in solidarity with Azerbaijan.

Washington said last week the deal was not dead, but more time might
be needed to "create some new momentum".

But diplomats say they see little chance of Turkey dropping its demand
for Armenian concessions on Nagorno-Karabakh, or of Armenia complying
in exchange for an open frontier.

STRAINED AZERI-TURKISH TIES

The peace overtures have severely strained ties between Turkey and
Azerbaijan, affecting negotiations on gas supplies key to the planned
Nabucco pipeline, which aims to bypass Russia to supply gas to the
European Union.

Azerbaijan late last year struck deals to sell more gas to Russia,
whose South Stream pipeline project is the main rival to Nabucco. such
deals will draw supplies away from Nabucco and make it harder for
the project to get off the ground.

In the belief that Washington was the main driver of the
Turkish-Armenian thaw, Azerbaijan this month cancelled joint military
exercises with the United States and threatened to reconsider their
"strategic relationship".

"Long-term peace and normalisation of relations in the south Caucasus
cannot be achieved by rewarding aggression and by excluding the
region’s strategically most important country," Novruz Mammadov,
chief foreign policy adviser to Azeri President Ilham Aliyev, wrote
last week.

An estimated 30,000 people died in the Nagorno-Karabakh war before
a ceasefire was agreed in 1994. More than 15 years of mediation by
Russia, the United States and France have yielded a loose framework of
"basic principles", but no peace deal.

Snipers and landmines on the frontline meanwhile pick off young Azeri
and Armenian conscripts on a regular basis.

Intensified negotiations last year between Aliyev and Armenian
President Serzh Sarksyan fuelled hope that some sort of solution
might be close.

The International Crisis Group thinktank warned this month of a
threat from "domestically entrenched maximalist forces" opposed to
a Nagorno-Karabakh deal in Armenia and Azerbaijan.

"If the talks fail now, Armenia and Azerbaijan may find themselves
trapped in a spiralling military escalation which will have
unpredictable consequences for both countries and for wider regional
security," ICG analyst Tabib Huseynov wrote.

Thanks to its elevated position and heavy fortifications, military
experts say Nagorno-Karabakh would be difficult to retake. But that
has not stopped Azerbaijan from spending heavily on its military and
frequently threatening to try.

"The Azerbaijan army has all capabilities to hit any target on the
territory of Armenia if necessary," Defence Minister Safar Abiyev
said last week.

A resumption in hostilities could quickly suck in other powers in a
region criss-crossed by energy pipelines.

Russia’s largest military base outside its borders is located in
armenia, and the two countries are close allies.

http://www.kyivpost.com/news/world/detail/653