Ardshininvestbank carries out the first coupon payment of its bonds

Ardshininvestbank carries out the first coupon payment of its bonds

2009-03-09 17:00:00

ArmInfo. Ardshininvestbank has carried out the first 250 AMD coupon
payments of its first-issue undocumentary coupon bonds.

As Ardshininvestbank press-service told ArmInfo, the volume of this
issue of bonds amounted to 1.5 bln AMD. A total of 150000 bonds were
issued, the nominal value of each being 10000 AMD, the bonds were
completely placed on 5 December 2008. The coupon payments are carried
out every quarter, particularly, the second payment will be on 5 June
2009, third one – on 5 September 2009, and the fourth payment and
redemption – on 5 December 2009. The yield of the given bonds is 10%.
According to the source, taking into account the success of the first
issue, the bank is going to carry out the second issue of bonds in
2009.

To recall, a total of 154 persons invested in the first-issue bonds,
152 of them being residents, and 2 – non- residents. 121 of them are
individuals, 33- legal entities. According to Ardshininvestbank’s data
received earlier, the given issue will be doubled due to the bank’s own
funds and will be spent on implementation of small and medium business
financing program, moreover, these loans will be
issued on preferential terms – at 13% p.a.

According to the last data of NASDAQ OMX Armenia, by the bank
obligations along with Ardshininvestbank the obligations of Converse
Bank, ARARATBANK and HSBC Bank Armenia also rule at the stock exchange.
On 12 December 2008 Ardshininvestbank was involved in the Armenian
Stock Exchange.

By data of Ardshininvestbank it serves 55 operating branches including
13 in Yerevan, 36 in regions and 6 in the NKR as well as a
representation in Paris. The number of clients totaled 157,000.
Majority shareholders of Ardshininvestbank are Center of Business
Investments LLC with an 86.82pct stake and IFC with a 10pct stake.

Clinton meets Turkish leaders

The Associated Press
March 7, 2009 Saturday 11:40 AM GMT

Clinton meets Turkish leaders

ANKARA, Turkey

U.S. Secretary of State Hillary Rodham Clinton met Saturday with
leaders of Turkey, a strategic ally that is key to resolving several
U.S. problems, including moving the military out of Iraq, blocking
Iran’s nuclear ambitions and turning around the war in Afghanistan.

Clinton talked with Prime Minister Recep Tayyip Erdogan for nearly two
hours at his residence before visiting the mausoleum of Mustafa Kemal
Ataturk, Turkey’s national founder. There, she recalled being in
Ankara during her husband’s presidency and said she had returned to
help President Barack Obama promote "the work the U.S. and Turkey must
do to forge peace, prosperity and progress."

Erdogan’s office said in a statement that the two discussed bilateral
relations, the Middle East, Iraq, Afghanistan and combatting
terrorism.

Clinton also planned a joint news conference with Foreign Minister Ali
Babacan and a meeting with President Abdullah Gul.

Turkey has been a supply route for American troops in Iraq and
Afghanistan and relations have improved after hitting a low in 2003
when Turkey refused to allow U.S. forces use its territory as a
staging ground for the invasion that toppled Saddam Hussein.

Turkey has said it is ready to serve as an exit route for U.S. troops
pulling out of Iraq. The southern Incirlik air base has been used for
transferring U.S. troops and equipment to Iraq and Afghanistan.

Turkey, meanwhile, wants the Obama administration to prevent Congress
from labeling the killing of Armenians by Turks a century ago as
genocide.

Historians estimate that up to 1.5 million Armenians were killed, an
event widely viewed by genocide scholars as the first genocide of the
20th century. Turkey denies the deaths constituted genocide, saying
the toll has been inflated, and that those killed were victims of
civil war and unrest.

Prime Minister Of Armenia: We Should Form New Ways Of Co-Existence W

PRIME MINISTER OF ARMENIA: WE SHOULD FORM NEW WAYS OF CO-EXISTENCE WITH NEIGHBORS IN THIS GLOBAL WORLD

ArmInfo
2009-03-06 16:19:00

ArmInfo. ‘Two processes are running in the world today – globalization
and glocalization and, in view of the global financial crisis, the
latter becomes to prevail over the first one’, Prime Minister of
Armenia Tigran Sarkisyan said today during the research and practice
conference "Crisis: Russian and Armenian Versions" held in the
Russian-Armenian (Slavonic University).

He said we live in a difficult but interesting period. ‘The world
changes very quickly, and what happens, for example, in the USA
‘affects the last Armenian village’, the PM said. According to him,
the government of Armenia advanced a new worldview, a new vision
of the world. ‘We have come out with a new doctrine regarding the
government’s work in the new conditions, as the methods and mechanisms
it used in the last century are unacceptable today.

We should also form new ways of co-existence with the neighbours in
this global world’, T. Sarkisyan said.

ANC Alerts Hampshire College to its association with Genocide denier

Armenian National Committee of Massachusetts
47 Nichols Avenue
Watertown MA 02472
617-926-1918
[email protected]

March 5, 2009
Contact: 617-347-2833

ANC Alerts Hampshire College to its association with Genocide denier
Decries Anti-Defamation League’s invitation to ensure campus tolerance

Watertown, MA – The Armenian National Committee of Massachusetts has alerted
Hampshire College President Ralph Hexter that the school’s relationship with
the Anti-Defamation League would associate Hampshire with genocide denial.
The invitation to the ADL to visit the campus `to ensure that all students
feel welcome and safe’ follows reports, disputed by college officials, that
Hampshire College had divested in companies that profit from Israel’s
occupation of Palestine.

`The Anti-Defamation League is an organization that actively engages
in genocide denial, which is the highest form of hate speech and the
final stage of genocide,’ wrote the ANC MA. `Hampshire College’s
inclusion of the ADL in campus discussions on tolerance is an affront
to all those fighting for genocide prevention and human rights.’

The ANC MA pointed out that as recently as last month ADL National director
Abraham Foxman told The New York Times that the `ADL will continue to oppose
a Congressional resolution on the Armenian Genocide because `there’s too
much at stake in the [Israeli-Turkish] relationship.”

`It is highly hypocritical for the ADL to present itself as an organization
that secures the rights of all people while it actively perpetrates the
worst form of hatred against Armenians,’ the ANC MA declared. `The
Anti-Defamation League is most assuredly not the group upon which Hampshire
College should call to ensure an atmosphere of respect and safety for
allmembers of its community.’

`Hampshire College, widely known for its progressive values and mandate,
must not sanction the ADL’s unethical actions by allowing it to define the
terms of tolerance. By partnering with the ADL, Hampshire College will
become indelibly associated with genocide denial,’ the letter concluded.

Background

The Anti Defamation League (ADL) has for many years refused to acknowledge
as genocide the systematic massacre of 1.5 million Armenians between 1915
and 1923 and has actively engaged in efforts to oppose Congressional
affirmation of the Armenian Genocide.

Only after intense pressure that started in Watertown, Massachusetts during
the summer of 2007 did the national ADL issue its `Statement on the Armenian
Genocide,’ which implies that the Armenian Genocide was an unintentional
`consequence’ of World War I conditions.

Additionally, the ADL remains on the record opposing Armenian Genocide
legislation, arguing that short term geopolitical considerations related to
Turkish-Israeli relations should take precedence over the moral imperative
of condemning genocide whenever and wherever it occurs.

The controversy erupted on July 6, 2007, when the Watertown Tab published a
letter that spotlighted ADL national director Abe Foxman’s statements
opposing Congressional Armenian Genocide legislation. The letter asked the
local "No Place For Hate" chapter to disassociate itself from the ADL. NPFH
is a national trademark of the national ADL.

The situation intensified in an explosive August 1 front page Boston
Globearticle in which the Armenian National Committee condemned
Foxman’s genocide denial and stated that the ANC would "call for the
Watertown ‘No Place for Hate’ program to sever its ties with the ADL
unless the ADL denounces Foxman’s position and acknowledges the
genocide."

Watertown became the first town to end its relationship with the No Place
for Hate program by a unanimous vote of the Town Council; this set the stage
for numerous other public meetings in communities throughout Massachusetts,
where the issue was brought to the attention of human rights commissions and
town and city councils.

Twelve other Massachusetts municipalities – Belmont, Newton, Arlington,
Northampton, Bedford, Lexington, Westwood, Medford, Needham, Newburyport,
Somerville, and Peabody – followed Watertown’s lead and withdrew from NPFH.
Additionally, the Massachusetts Municipal Association ended its
co-sponsorship of the program, declaring, `The Board believes that
unequivocal recognition of the Armenian Genocide is both a matter of basic
justice to its victims as well as essential to efforts to prevent future
genocides . . . it is imperative to speak with absolute clarity on
genocide.’

For complete information about the ADL controversy surrounding the Armenian
Genocide visit

####

Text of March 4 ANC of Massachusetts Letter to Hampshire College

March 4, 2009

Ralph Hexter, President
Hampshire College
893 West Street
Amherst MA 01002

Dear Mr. Hexter,

We are appalled to note that Hampshire College has invited officials from
the Anti-Defamation League `to visit the campus, in order to work together
to ensure that all students feel welcome and safe on campus,’ according to
the `Statement from Anti-Defamation League’ posted on your website.

The Anti-Defamation League is an organization that actively engages in
genocide denial, which is the highest form of hate speech and the final
stage of genocide. Hampshire College’s inclusion of the ADL in campus
discussions on tolerance is an affront to all those fighting for genocide
prevention and human rights.

The ADL does not possess the moral authority to lecture anyone on tolerance,
having abandoned its mission `to secure justice and fair treatment to all’
by lobbying for the Turkish government against recognition of the Armenian
Genocide.

By choosing to prioritize narrow geopolitical interests – Israel’s
military/strategic alliance with Turkey – over universal human rights, the
ADL simply has no credibility in the area of human and civil rights.

On February 5, 2009, ADL National Director Abraham Foxman told The New York
Times that the ADL will continue to oppose a Congressional resolution on the
Armenian Genocide because `there’s too much at stake in the
[Israeli-Turkish] relationship.’

And according to the February 4, 2009, issue of The Forward, `The strong
Jewish opposition to Congressional recognition of the Armenian genocide has
been waning, but some Jewish groups, led by the Anti-Defamation League, are
actively opposing any move in Congress. `Right now we have no intention of
changing our position from last year,’ said Jess Hordes, who heads the ADL’s
Washington office.’

This ADL support for the denialist Turkish government is abhorrent,
particularly for an organization that vigorously combats Holocaust
denial. Israel Charny, executive director of the Institute on the
Holocaust and Genocide in Jerusalem, explains the destructiveness of
genocide denial: `Denials of known events of genocide must be treated as
acts of bitter and malevolent psychological aggression, certainly against
the victims, but really against all of human society, for such denials
literally celebrate genocidal violence and in the process suggestively
calls for renewed massacres – of the same people or of others. Such
denials also madden, insult and humiliate the survivors, the relatives of
the dead, and the entire people of the victims.’

It is highly hypocritical for the ADL to present itself as an organization
that secures the rights of all people while it actively perpetrates the
worst form of hatred against Armenians. The Anti-Defamation League is most
assuredly not the group upon which Hampshire College should call to ensure
an atmosphere of respect and safety for all members of its community.

Perhaps you are unaware that the ADL refuses to unequivocally acknowledge as
genocide the massacres by the Turkish government of 1.5 million Armenians
between 1915 and 1923 and that it actively engages in genocide denial by
lobbying for Turkey to prevent passage of a United States Congressional
resolution affirming the Armenian Genocide.

Additionally, the ADL has repeatedly endorsed Turkey’s call for an
investigation of the genocide, a standard tactic employed by genocide
deniers to raise doubts about settled history; the International Association
of Genocide Scholars (IAGS) has condemned this proposal by writing that it
`would only serve the interests of Turkish genocide deniers . . . there is
no more `other side’ to the truth about the Armenian genocide than there is
about the Holocaust.’

Due to the ADL’s unethical position on the Armenian Genocide, thirteen
Massachusetts communities, including Northampton, withdrew from the ADL’s No
Place for Hate program in 2007 and 2008.

In its September 28, 2007 letter to Abraham Foxman informing the ADL of its
unanimous decision to withdraw from NPFH, the Northampton Human Rights
Commission wrote, `We cannot in conscience continue a relationship with an
organization that claims to stand for full accountability for genocide, yet
stops short of endorsing a Congressional resolution acknowledging the
Armenian Genocide. We cannot endorse selective recognition of hate by an
organization that claims leadership in creating a world where there is no
place for hate . . . Acknowledging the truth about the Armenian genocide not
only has an impact on survivors and their families, it also has an impact on
our ability to address other acts of hate.’

On April 8, 2008, the Massachusetts Municipal Association ended its
sponsorship of NPFH, declaring, `The Board believes that unequivocal
recognition of the Armenian Genocide is both a matter of basic justice to
its victims as well as essential to efforts to prevent future genocides . .
. The inconsistency between the National ADL’s position on the Armenian
Genocide and the human rights principles underlying NPFH is a matter of
great concern to MMA Board members and the municipalities they represent …
it is imperative to speak with absolute clarity on genocide.’

Human rights advocates, both here and abroad, have condemned the ADL’s
position on the Armenian Genocide; the media is replete with articles
denouncing its stance (please see attachments). In January, Eric Alterman
wrote in The Nation: `Foxman’s moral compass has gotten so twisted, he has
the ADL working to undermine Congressional resolutions condemning genocide –
specifically, that committed by Turks against the Armenians . . . In light
of the desire of so many anti-Semites to treat the Holocaust in a similar
fashion, Foxman’s position strikes this Jew at least as one too many ironies
to be tolerated.’

Genocide denial is not merely reprehensible, it is dangerous. According to
the IAGS, `The single best predictor of future genocide is denial of a past
genocide coupled with impunity for its perpetrators.’

Over twenty-five Armenian political, cultural, religious, athletic, youth,
media, and social welfare organizations in Massachusetts have united to
combat the ADL’s denial of the Armenian Genocide. For additional
information on this movement, please see noplacefordenial.com.

Hampshire College, widely known for its progressive values and mandate, must
not sanction the ADL’s unethical actions by allowing it to define the terms
of tolerance. By partnering with the ADL, Hampshire College will become
indelibly associated with genocide denial.

Sincerely,
Sharistan Melkonian
Chairperson

Enclosures
A History of Lobbying Against Recognition of the Armenian Genocide
Statements by Human Rights Organizations
Statemens by Jewish Americans
Open Letter to the Massachusetts Municipal Association
Rattling the Cage: Jews of power, Jews of Truth

www.noplacefordenial.com.

Research And Practice Conference Dedicated To Global Economic Crisis

RESEARCH AND PRACTICE CONFERENCE DEDICATED TO GLOBAL ECONOMIC CRISIS TO BE HELD IN YEREVAN

ArmInfo
2009-03-04 10:41:00

ArmInfo. Research and Practice Conference on a topic "Crisis: The
Russian and Armenian Versions" will be held in Yerevan on March 6.

The Conference is organized by the Russian-Armenian (Slavonic)
University and Economy Institute of the Russian Academy of Sciences. As
expected, the Conference will be opened by Prime Minister of Armenia
Tigran Sarkisyan. Director of the Russian Economy Institute Ruslan
Greenberg will make a keynote report at the conference. Head of the
OSCE Yerevan Office Sergey Kapinos will expectedly make a speech
as well.

Harry Apkarian, Longtime Business Leader, Dies In Florida

HARRY APKARIAN, LONGTIME BUSINESS LEADER, DIES IN FLORIDA
By Michael Lamendola

Schenectady Gazette
04/0304_Apkarian/
March 4 2009
NY

Harry Apkarian, an outspoken business leader who vigorously promoted
downtown’s revitalization, died Tuesday after suffering a massive
stroke, a family spokesman said. He was 87.

Apkarian, the son of Armenian immigrants fleeing Turkish genocide
in 1915, died at 5:15 p.m. at Lee Memorial Hospital in Fort Myers,
Fla., said Peter Guidarelli.

Apkarian had been hospitalized earlier for bleeding in the skull
after he fell and fractured his skull Feb. 17 while on vacation in
Florida with his family.

Guidarelli said Apkarian was racing his granddaughter to the elevator
when he collapsed on Feb. 17. At first, doctors thought he had suffered
a seizure and believed he would recover fully.

He subsequently came down with pneumonia and an infection, and was
being stabilized for transfer to Albany Medical Center later this
week for further treatment, Guidarelli said. However, on Monday he
suffered a stroke and was put on life support.

Apkarian was surrounded by members of his family when he died,
Guidarelli said. He has six children and numerous grandchildren.

http://www.dailygazette.com/news/2009/mar/

RA President Receives CSTO Secretary General

RA PRESIDENT RECEIVES CSTO SECRETARY GENERAL

Noyan Tapan

M arch 2, 2009

YEREVAN, MARCH 2, NOYAN TAPAN. RA President, CSTO Collective Security
Council Chairman Serzh Sargsyan met with CSTO Secretary General
Nikolay Bordyuzha on March 2. Issues related to legal-normative package
proceeding from the decision to establish collective rapid reaction
force made at the council’s special session lately were discussed at
the meeting.

As Noyan Tapan was informed by the RA President’s Press Office,
N. Bordyuzha informed S. Sargsyan about work done by experts of CSTO
member-states, Secretariate and United Headquarters in that direction.

http://www.nt.am/news.php?shownews=1012613

ANKARA: FM Babacan: "Main Aim Is To Normalize Relations With Armenia

FM BABACAN: "MAIN AIM IS TO NORMALIZE RELATIONS WITH ARMENIA"

Journal of Turkish Weekly
March 3 2009
Turkey

FM Babacan said that Turkey and Armenia had taken important steps to
solve problems and start a constructive relation. Answering a question
Babacan said that "Main aim is to normalize relations with Armenia, in
this framework negotiations go on in many levels. Moreover, a process
goes on between Armenia and Azerbaijan, n which parties negotiate
Nagorno-Karabakh issue, the situation of Internally Displaced People,
seven regions, and link between Karabagh and Armenia."

Regarding 24 April and the US stance, Babacan said that there was a
risk that could harm the process going on for a long lasting solution
between Armenia and Turkey, even this was presidential speech or
congress decision.

Pointing this PM Minister Erdogan stated that a negative development
would harm the US – Turkey relations in his election campaign speech
this week in Van.

Emphasizing that there is a delicate situation in Caucasus, Babacan
stated that "Armenia and Turkey have a historical chance and any
third party intervention does not contribute, but can cause serious
problems."

USAK Eurasian expert Hasan Selim Ozertem said that "Turkey has started
a zero problem approach in its foreign policy understanding since the
beginning of 2000. Since then it has solved many problems and Greece,
Syria, Georgia, Bulgaria, Iran and other neighboring countries have
become important partners for Turkey in this process. However, due
to structural problems with Armenia, the situation could not get
better. After Georgia-Russia war, the status quo in Caucasus has
changed and Turkey wants to follow a peace-building process rather
than increasing tensions aftermath of this crisis. Shuttle diplomacy
and building up links with the region are the main pillars of this
approach. Now, Azerbaijan, Turkey and Armenia can talk for a positive
solution with each other, which seem impossible to imagine a couple
years ago. These efforts should be supported to end almost two decades
length conflict in the region."

Cenk Gence (JTW) Tuesday, 3 March 2009 Journal of Turkish Weekly

Turkey To Have Ten A-400M Military Transport Aircrafts

TURKEY TO HAVE TEN A-400M MILITARY TRANSPORT AIRCRAFTS

PanARMENIAN.Net
02.03.2009 15:36 GMT+04:00

/PanARMENIAN.Net/ The delivery of A-400M military transport aircraft,
which is seen as one of the biggest projects in the history of Turkish
defense industry, will begin within 2009, Turkey’s state-run Anatolian
agency reports.

Production of the aircrafts will be launched by eight European
countries including Turkey. The production programmed will be completed
by 2012.

Turkey, which is among the launch-customer countries, will have a
total of ten A-400M from 2009 to 2021. According to the program,
France will be delivered the first A-400M in 2009, and the second
one will be given to Turkey in 2010.

Germany will have 60, France 50, Spain 27, Turkey 10, Britain 25,
Luxembourg and Belgium will have 7 aircrafts.

Turkey had signed the partnership contract to receive A-400M in 2003.

Having both tactical and strategic capabilities, A-400M has 37 tons
of load capacity, and its total range is 8695 km.

Unemployment Rate Increased

UNEMPLOYMENT RATE INCREASED

Panorama.am
15:53 02/03/2009

According to the report provided by the "Employment State Agency",
the unemployment rate increased in Armenia by 0.2% and formed 6,5%.

The agency reports that the number of people looking for a job is
92.4 thousands, which has been increased by 6.1% compared with the
previous year. In recent 3-4 months 1521 people have been fired
because of insufficient level of production.

The situation is especially serious in Yerevan, Syuniq, Lori and Kotayq
regions. 242 people have been fired in Syuniq region, 349 in Kapan,
590 in Meghri.

Totally, there are 167000 unemployed people in Armenia.