CBA keeps refinancing rate unchanged

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 16:28,

YEREVAN, JANUARY 24, ARMENPRESS. During today’s session the Board of the Central Bank of Armenia (CBA) made a decision to keep the refinancing rate unchanged, 5.5%, the CBA told Armenpress.

The Lombard repo rate provided by the CBA is 7.0%. The rate of funds attracted from banks by the CBA is 4.0%.

Edited and translated by Aneta Harutyunyan




Enough evidence this was suicide, Armenian prosecutor general says about ex-official’s death

News.am, Armenia
Jan 19 2020
Enough evidence this was suicide, Armenian prosecutor general says about ex-official’s death Enough evidence this was suicide, Armenian prosecutor general says about ex-official’s death

22:23, 19.01.2020

YEREVAN. – There is enough information obtained by the investigators proving that ex-head of the National Security Service Georgi Kutoyan committed suicide, Armenian Prosecutor General Arthur Davtyan told reporters.

“You already know that a criminal case has been opened on charges of incitement to suicide, however, all versions typical for any fatal case will be investigated,” he said.

In response to the observation of journalists about whether he sees problems with this, since it was revealed that Kutoyan fired several shots at home in December, Davtyan noted that if there were no problems, there would not have been a criminal case.

“However, in order to avoid speculation, at the moment I reaffirm that there is enough evidence proving that was a suicide, but investigation will be conducted in all directions, and we all, especially I, will get an opportunity to tell about certain significant circumstances, especially about the investigation, ”he said.

The Prosecutor General of Armenia also answered the question of whether he sees similarities with the suicide of the ex-chief of Armenian police Hayk Harutyunyan.

He noted that criminal cases were opened on both episodes.

“In the case of Hayk Harutyunyan, certain information was also provided to us, and now an investigation is underway,” he added .

Vazgen Manukyan criticized authorities and vouched for the honesty of Hrayr Tovmasyan

Arminfo, Armenia
Oct 31 2019

ArmInfo. Head of the Public Council, Vazgen Manukyan, admitted that he was surprised at the criminal case against parliamentary Speaker Ara Babloyan. At a press  conference on October 30, Manukyan said the charges are based on a < wrong semicolon>.

As for the head of the Constitutional Court, Hrayr Tovmasyan, it was  stated here that the authorities were persecuting him in order to get  this position. According to Manukyan, prior to his appointment,  Tovmasyan was “checked by X-ray, and nothing was found”. “This means  that this person is clean and not corrupt,” the head of the Public  Council noted.

It should be noted that the Investigative Committee of Armenia found  factual evidence of abuses committed by the current head of the  Constitutional Court of the Republic of Armenia Hrayr Tovmasyan  during his tenure as head of the Ministry of Justice. In the  framework of the criminal case, in addition to Hrayr Tovmasyan, the  charge under part 2 of article 308 of the Criminal Code of Armenia is  an abuse of official powers, entailing by negligence, grave  consequences were also brought against Norayr Panosyan, who in  2011-2014 held the post of head of the Inspectorate for the Legality  of the Ministry of Justice.

In addition, according to the report of the Special Investigation  Service, there is evidence that in March 2018, in the process of  Gagik Harutyunyan’s resignation of the powers of the Chairman of the  Constitutional Court, officials, based on group interests, personally  and also through non-officials committed an official forging to  appoint Hrayr Tovmasyan to the post of head of the Constitutional  Court.  In fact, a criminal case was initiated on usurpation of  power, in the framework of which charges were brought against  ex-speaker of the parliament Ara Babloyan and head of the  parliament’s apparatus Arsen Babayan. 

Economist on Armenia position in Doing Business 2020 report: It doesn’t matter

News.am, Armenia
Oct 26 2019
Economist on Armenia position in Doing Business 2020 report: It doesn’t matter Economist on Armenia position in Doing Business 2020 report: It doesn’t matter

18:47, 26.10.2019
                  

It doesn’t matter, the 37th or the 47th out of 200 countries can’t be essential for the Republic of Armenia. Economist and former MP Vardan Bostanjyan told this to Armenian News-NEWS.am about Armenia’s position in the World Bank’s Doing Business 2020 report.

“Whether it is in the 37th, 47th or anywhere, it means that the financial situation in the Republic of Armenia does not contain risks. In essence, it means that in terms of financial stability we have a bearable situation, if not a miracle, but at least that situation does not have the prospect of a financial crisis or major financial downturns,”he said.

According to the economist, the financial system in the Republic of Armenia is still mainly conditioned solely by the banking system, where almost 85% of financial assets are in the banks, which means that the financial market of our country is unilaterally developing at the moment.

According to him, in any case, the existing banking system is able to maintain financial stability in Armenia.

And the World Bank, according to Bostanjyan, presents this report with a certain methodology, which may not be true.

“International financial organizations, in essence, use a certain methodology to present the financial and economic performance of countries in general, which in many cases have little to do with reality. Depending on this circumstance, it may be that Javadyan meant this because they collect general indices, certain indices that are characteristic of, for example, individual countries, may not be taken into account in their methodology, which may be a misstatement,” he added.

At the Cabinet meeting, Prime Minister Nikol Pashinyan demanded from the Ministry of Economy an explanation as to why Armenia had dropped in the Doing Business 2020 report. At the end of the discussion, Central Bank of Armenia Governor Artur Javadyan stated that there was simply a technical mistake, which would put Armenia in 37th place if corrected.

In a conversation with the Voice of America, World Bank’s senior Private Sector Development Specialist Valentina Saltane said the World Bank’s Doing Business 2020 report contains no inaccuracies.

Economist: because of poorly-educated workforce Armenia is losing amount equivalent to 55% of its GDP

ARKA, Armenia
Oct 22 2019

YEREVAN, October 22. /ARКА/. Because of poorly-educated workforce Armenia is losing an amount equivalent to 55% of its  GDP, Manuk Yergnyan, the head of EV Consulting firm,  told reporters on Tuesday, presenting a report on the national competitiveness of the country for 2019.

He said studies have shown that, for example, in 2017, about 560 thousand able-bodied residents of the country did not participate in the production of economic values, as a result  55% less domestic added value was produced.

He said these indicators mean that there is a great need to invest in the education and human capital.
He said  the problem is that the reform of the educational system lasts longer than changes in the labor market occur. Therefore, according to him, Armenia needs a very flexible system that can change quickly, and the development of human capital should be considered not only as a component of the educational system, but should last throughout life.

“It is important to understand that contribution to human capital is the main guarantor of economic development, especially against the background of limited resources available in the country. Armenia should become a country of quickly trained people,” Yergnyan said.

He said a set of  surveys of entrepreneurs showed that  they are planning to start using advanced technologies in the next 5 years, including big data, digital commerce and cloud technologies. According to businessmen, as early as 2024, about 45% of all work in their companies will be automated. — 0–


ARF member: Putting pressure on Armenia Constitutional Court president through family members is low

News.am, Armenia
Oct 18 2019
ARF member: Putting pressure on Armenia Constitutional Court president through family members is low ARF member: Putting pressure on Armenia Constitutional Court president through family members is low

20:41, 17.10.2019
                  

Those who have found it convenient to keep silent—with the formula, “stay out of trouble,” let me say: by your silence you don’t distance, but on the contrary, you bring [trouble] closer. Spartak Seyranyan, a member of the Armenian Revolutionary Federation (ARF) Dashnaktsutyun Party of Armenia, on Thursday noted this in a Facebook post, and referring to summoning the family members of the President of the Constitutional Court, Hrayr Tovmasyan, to the National Security Service.

“Putting pressure on Hrayr Tovmasyan through family members is low,” the post reads. “I have nothing to say to those who justify it; in their case everything is clear. But those who have found it convenient to keep silent—with the formula, ‘stay out of trouble,’ let me say: by your silence you don’t distance, but on the contrary, you bring [trouble] closer.”

Armenian FM holds meeting with EU Special Representative Toivo Klaar

Armenian FM holds meeting with EU Special Representative Toivo Klaar

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 18:14,

YEREVAN, OCTOBER 16, ARMENPRESS. Armenian Minister of Foreign Affairs Zohrab Mnatsakanyan received on October 16th EU Special Representative for the South Caucasus and the crisis in Georgia Toivo Klaar and the latter’s delegation.

“The parties exchanged ideas over the Armenia-EU partnership comprehensive agenda, as well as touched upon topical regional issues and steps aimed at further strengthening cooperation within the framework of the EU Special Representative’s mandate.

In the context of the NK conflict’s peaceful resolution process the Armenian FM briefed on the current situation around the peace process. In this context the EU’s support to the ongoing peaceful settlement process under the auspices of the OSCE Minsk Group Co-Chairs and the exclusively peaceful resolution of the conflict was emphasized,” the foreign ministry said in a readout.

Edited and translated by Stepan Kocharyan




Asbarez: Ani Hovannisian’s ‘The Hidden Map’ to Debut at Upcoming Festivals

Ani Hovannisian’s “The Hidden Map” will premiere at both Arpa and Toronto film festivals

Arpa (Los Angeles) and Pomegranate (Toronto) Film Festivals have slated Ani Hovannisian’s new documentary “The Hidden Map” for their 2019 festivals in November. Prior to any public screenings, “The Hidden Map” has been recognized with an ImpactDOCS award in an esteemed international documentary film competition.

A broadcast journalist by education and training, Hovannisian directed and produced numerous true human-interest stories for television and other international audiences before setting out to make her first film. “The Hidden Map” was conceived when Ani, traveling through historic Western Armenia with her father, historian Richard G. Hovannisian, and a small group led by Armen Aroyan, had a chance encounter with an enigmatic Scottish explorer, Steven Sim. Camera always in hand, Ani began following the steps of the solitary explorer and learned that he had been documenting the relics of the lost Armenian past for 30 years. Though he had always traveled alone, almost invisibly, Sim agreed to set out together.

The Armenian and Scotsman trek through the layered landscape, digging beneath the surface of modern-day Turkey to uncover the crumbled remnants and buried stories of the forbidden past. He is consumed with finding and giving voice to the ruins before they disappear entirely. She is determined to come face to face with the ominous past, lifting long-silenced stories out of oblivion and people out of shadows as she reaches for home. Together, they reveal “The Hidden Map.”

Active in the American-Armenian community since her youth, Ani Hovannisian Kevorkian was an anchor and reporter at TeleNayiri and Horizon Armenian Television in Los Angeles for more than a decade. She has traveled to present-day Armenia since childhood, and seven years ago, rooted in the stories of her genocide-survivor grandparents and their entire generation, and shaped by the lifelong dedication of her own parents, Ani embarked on the first of several journeys into the historic Armenian homeland, where she continues to document living history through the stories of the land and the people.

Hovannisian will be a panelist on Saturday during the Armenian National Committee of America-Western Region’s Grassroots Conference, where she will present the trailer for “The Hidden Map,” and  address the notion that despite experiencing massive losses–human, cultural, territorial–Armenians still have a living history and connections to the land.

“The Hidden Map” will be featured at the Arpa Film Festival at the historic American Legion Theater in Hollywood on Saturday, November 9 at 3:15 p.m.

Ani Hovannisian in Dzitogh, a village in Western Armenia

Hovannisian’s film will be shown at the Pomegranate Film Festival in Toronto on Sunday, November 17 at 1 p.m. followed by a discussion with the filmmaker.

Festival and film information for Arpa and Toronto film festivals are available online.

Azerbaijani press: President Aliyev: Concept of “the people of Nagorno-Karabakh” does not exist

6 October 2019 21:40 (UTC+04:00)

Baku, Azerbaijan, Oct.6

Trend:

Concept of “the people of Nagorno-Karabakh” does not exist, said Azerbaijan’s President Ilham Aliyev, addressing the plenary session of the 16th Annual Meeting of the Valdai International Discussion Club held in the city of Sochi, the Russian Federation, Oct.3.

“One of the topics of ongoing discussion is the settlement of the Armenian-Azerbaijani Nagorno-Karabakh conflict. Russia is a co-chair of the OSCE Minsk Group, which has a mediation mandate. I should note that Nagorno-Karabakh and seven other districts of Azerbaijan have been under Armenian occupation for over 25 years. Nagorno-Karabakh is the original Azerbaijani land. In Soviet times, the Nagorno-Karabakh autonomous region was set up. I must say that in connection with the conflict there is a fairly wide range of opinions often not reflecting realities. Therefore, in order to clarify, I must say that in 1921 the decision of the Caucasian Bureau was literally “to leave Nagorno-Karabakh within Azerbaijan”, not transfer it, as the Armenian side often interprets it. Before the conflict began, the Azerbaijani and Armenian populations in the proportion of 25 to 75 percent lived in the Nagorno-Karabakh autonomous region of the Azerbaijan SSR. As a result of the conflict, the entire Azerbaijani population was expelled from Nagorno-Karabakh, as well as from seven other districts of Azerbaijan. In other words, ethnic cleansing was carried out.

Today there is no Azerbaijani population in the occupied territories, while most of the occupied territories are scorched and destroyed lands – destroyed houses, schools, public buildings,” said the head of state.

President Aliyev noted that as a result of the conflict, Azerbaijan has been faced with a humanitarian catastrophe.

“More than 700,000 IDPs from Nagorno-Karabakh and other occupied territories of Azerbaijan, plus 250,000 Azerbaijanis were driven out of their historical lands in the territory of modern Armenia.

The UN Security Council has adopted four resolutions, including resolutions requiring immediate and unconditional withdrawal of Armenian forces from the occupied territories. For more than 25 years they have not been fulfilled. And here we come to the important issue of implementing the decisions made. The UN Security Council is the highest international body, and if the decisions adopted by the Security Council have not been implemented for more than 25 years, this raises a lot of questions about the effectiveness of this organization. We in Azerbaijan are concerned about the selective nature of the implementation of resolutions. Sometimes they are carried out in a matter of days, sometimes they are not required at all for certain military operations, in our case, the resolutions remain on paper,” said Azerbaijan’s president.

He pointed out that the solution of the Armenian-Azerbaijani Nagorno-Karabakh conflict should be within the framework of the territorial integrity of Azerbaijan, the UN Charter adopted by the whole world, resolutions of the UN Security Council and the Helsinki Final Act.

“I have to say that the Prime Minister of Armenia has often said recently that a solution to the conflict should be acceptable to the people of Azerbaijan, the people of Armenia and the people of Nagorno-Karabakh. I must say that the concept of “the people of Nagorno-Karabakh” does not exist. There is population of Nagorno-Karabakh, which consisted of the Azerbaijani and Armenian people before the conflict, and they have equal rights. As for a solution acceptable for Azerbaijan, it consists in restoring the territorial integrity of Azerbaijan recognized by the whole world and returning refugees and internally displaced persons to their original lands, including Nagorno-Karabakh. This is consistent with Security Council resolutions and the Helsinki Final Act.

I must say that the military aggression of Armenia against Azerbaijan continues to this day. Yesterday, a civilian, a resident of Gazakh District which is located far from the conflict zone, on the border between Armenia and Azerbaijan, was killed by an Armenian sniper. I must also say that during the military provocation in April 2016, six civilians, including a child, a girl, were killed in Azerbaijan. I would also like to touch upon the statement of the Prime Minister of Armenia that has caused surprise not only in Azerbaijan. A corresponding reaction was also given to it by the Russian Federation within the framework of the Valdai Forum. The statement is as follows: “Karabakh is a part of Armenia, and full stop.” Well, first of all, it is a lie, to put it mildly. Karabakh – both upper and lower – is recognized by the whole world as an integral part of Azerbaijan. Armenia itself does not recognize this illegal entity. Karabakh is a historical and ancestral Azerbaijani land. Therefore, Karabakh is Azerbaijan, and exclamation mark!” said President Aliyev.

“Despite the occupation and the humanitarian catastrophe of the early 1990s, when an eighth of our country’s population were refugees, Azerbaijan has come a long way in development and creation. With the exception of the first years of independence when a puppet, anti-national and corrupt regime of the Popular Front ruled in the country, Azerbaijan has been living in a stable environment for 26 years. The key contribution to that was made by President Heydar Aliyev who managed to prevent civil war, stop the occupation, overcome chaos and ruin, and put Azerbaijan on a path of development. Thus, for 26 years, the Azerbaijani people have been living in the conditions of stability and development.

The international standing of our country is strengthening. One indicator of this is the election of our country as a non-permanent member of the UN Security Council several years ago. A total of 155 states voted for us. It was not easy, it took us three days and 16 rounds but justice triumphed. I would also like to note that the Russian Federation and all other 154 countries provided us with great support,” said the head of state.


SOS Amulsar Initiative Indicates Uranium Reserves Available

Arminfo, Armenia
Sept 27 2019

ArmInfo.The SOS Amulsar initiative posted a photograph on its Facebook page, which indicates the presence of large reserves of uranium at the Amulsar gold  deposit. So, according to the record, the letter U of the yellow  device indicates the presence of uranium in the measured material.  The number “245” indicated opposite it indicates the density of  uranium in one ton, in grams. Meanwhile, the norm should be 4 “, –  noted in the record.

Earlier, ArmInfo, referring to the work of the famous Armenian  scientist Petros Aloyan “Uranium bearing of geological formations in  Armenia” noted that the Amulsar occurrence of uranium is located 4 km  southeast of the village of Ketchut and 5 km northwest of the top of  the mountain of the same name.  Approximately 76 tons of uranium were  calculated for five sections of the Amulsar manifestation, and taking  into account uranium in the thorium section, its total reserves can  be estimated at 100 tons.  Moreover, according to the studies of  another scientist, Professor G. Avagyan, according to 40 samples of  Amulsar ore, there are 195 tons of uranium and thorium there.  Meanwhile, the development of uranium deposits requires special  permission from the government, which Lidian does not have.

According to the company, the deposit contains about 73733 kg of gold  with an average grade of 0.78 g per ton, as well as 294.367 tons of  silver with an average grade of 9.29 g per ton. At the same time, not  a word about uranium itself. Lydian Armenia, which implements the  construction of the field, is a subsidiary of British Lydian  International. The total cost of the Amulsar project is $ 370  million. The field’s life will be 10 years and 4 months, with an  average of 200 thousand ounces of gold being mined annually. Amulsar  field is the second largest reserves in Armenia.