Armenia to introduce reverse mortgage

Social issues14:08, 2 April 2026
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Armenia plans to introduce a reverse mortgage mechanism that will allow pensioners to mortgage their real estate to a bank while retaining ownership and the right to reside in the property, in exchange for receiving monthly payments.

Chairman of the Cadastre Committee Suren Tovmasyan presented the relevant bill at the Cabinet meeting.

“Over the course of our lives, perhaps the most valuable asset we acquire is real estate, obtained through work and income—via mortgage agreements, direct purchases, inheritance, and other means. After years of payments, we obtain ownership rights, but upon reaching retirement age, we face challenges in generating income and ensuring our well-being based on the capital accumulated in the form of real estate.

“In our case, this asset is viewed more as a consumption good. People live in their property but cannot generate income from it while retaining ownership and usage rights. Developed countries have introduced mechanisms to address this issue. With the adoption of this legislative package, property owners, after retirement, will be able to negotiate with a bank—under clearly defined legal conditions—to transfer their property under a reverse mortgage and, while retaining ownership and residency rights, receive income,” Tovmasyan explained.

According to him, after transferring the property to a bank under a reverse mortgage agreement, the homeowner will receive a fixed monthly non-cash payment, which, combined with their pension, will serve as additional income to improve their standard of living. During this period, the pensioner will have no obligation to make repayments to the bank.

Subsequently, the legal heir of the property will have the option to sign an agreement with the bank and reclaim the property by repaying the required amount. If no such claim is made, the bank will be entitled to register its ownership rights and sell the property at auction. If the proceeds from the sale exceed the amount paid by the bank to the pensioner, the difference will be transferred to the heirs.

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What did outside owners motivate Pashinyan?

“Hraparak” daily writes:


Nikol Pashinyan’s visit to Moscow, according to official sources, was planned at the instigation of the West, from where Pashinyan is forced to resolve the issue of the concession of the South Caucasian railway a day earlier.


This is due to the fact that the meeting was initiated at Pashinyan’s request, which he admitted in the last briefing. After Russia reacted harshly to the intentions of the RA authorities regarding the railway, Transport Minister Andrey Nikitin announced that Russia is not negotiating to hand over the railway management concession of Armenia to Kazakhstan.


Let’s remind that Pashinyan announced on March 26 that Yerevan is not against the option of handing over the Armenian railway to Kazakh concession management, if an agreement is reached with Russia on this issue. It is not known yet what negotiations took place between Putin and Pashinyan.

The Armenian and Georgian alphabets closely resemble the ancient Ethiopian wri

labrujulaverde.com
Mar 31 2026

IALA, NAASR and the Zohrab Center to Host Literary Lights 2026 Featuring Rose

IALA, NAASR and the Zohrab Center to Host Literary Lights 2026 Featuring Rose by the Sea Author Rebecca Rose Mooradian

The second installment of Literary Lights 2026 reading series will feature Rebecca Rose Mooradian, author of the highly anticipated picture book Rose by the Sea, in conversation with fellow writer, Astrid Kamalyan. The virtual event will take place on April 11, 2026, at 10:00 AM Pacific | 1:00 PM Eastern | 9:00 PM Armenia time. Register here.

 

Praise for the Book

“A beautifully illustrated and emotionally rich picture book about the impact of the Armenian Genocide that introduces this difficult chapter of history through the eyes of a child, Dzovinar . . . Mooradian and Yim have created a powerful book to share with care. It opens space for conversations about resilience, identity, and remembrance, and it shows how storytelling helps us honor the past while finding beauty in survival.” — School Library Journal (Starred Review)

“The lyrical prose and stunning illustrations evoke displacement, fear, and uncertainty while also channeling courage and hope. . . . The detailed artwork deepens the emotional resonance of the text with a powerful use of color and artfully integrated motifs and remembrances that echo from scene to scene, creating a powerful story that gently invites conversation and reflection.” — Booklist (Starred Review)

“Based, per an author’s note, on the childhood events of Mooradian’s great-grandmother, this first-person story connects arrayed hues to a youth’s flight during the Armenian genocide. . . . Establishing a new residence, the sisters paint the walls in colorful hues that remind them of loved ones and home, contributing to a vibrant, layered collage of the duo’s experiences.” — Publishers Weekly

Rebecca Rose Mooradian lives in a woodland garden in the heart of Nashville, Tennessee. Her works have appeared in New Millennium Writings, Sing Out! online, and Hamilton Stone Review, among others. When she’s not inn-keeping, chasing her kiddos, or gardening, she’s writing words and music about how much she loves the world. She is represented by Courtney Donovan at Writers House.

Astrid Kamalyan comes from a big, happy family and is the oldest of five. She spent most of her childhood in Armenia. As a child, she wished she could one day paint the beautiful mountains of Artsakh. Now she paints with words and writes for the most important people in the world—kids. Astrid holds an MBA degree from the American University of Armenia. She loves globetrotting with her husband and two sons. Astrid currently shares her time between Chicago and Yerevan, Armenia.

 

Literary Lights 2025 is a monthly reading series organized by the International Armenian Literary Alliance, the National Association for Armenian Studies and Research, and the Krikor and Clara Zohrab Information Center. Each event—held online or in-person—will feature a writer reading from their work, followed by a discussion with an interviewer and audience members. Read along with the series by purchasing Rose by the Sea and more titles at IALA’s Bookshop.org storefront.

 

Missed the latest Missed our Literary Lights 2026 launch event featuring Pulitzer Prize-winning author Peter Balakian? Watch the full recording here.

H. Hovnanian Family Foundation Awards $240,000 to Advance Youth Empowerment Ac

YEREVAN — Across Armenia, young people are increasingly stepping forward as leaders in their communities, launching local initiatives, exploring careers in science, and building networks that promote healthy lifestyles and civic engagement. Supporting this momentum, the H. Hovnanian Family Foundation has awarded $240,000 in grants to eight initiatives through its fourth-quarter 2025 Youth Empowerment Armenian grant cycle.

These projects will expand opportunities for youth across Armenia in three areas: science, sports and healthy lifestyles, and civic awareness and activism. 

“Interest in this grant cycle was strong. We are encouraged by the diversity of this round’s applicants and awardees, both in geographic representation and fields of focus,” said Anahit Hakobyan, (Grants) Program Manager at the H. Hovnanian Family Foundation. “The eight selected projects span across Armenia and cover activities from math and physics olympiads to GIS mapping, hiking, and civic preparedness.”

The PhysMath Friends Charitable Foundation will expand Armenia’s mathematics and physics Olympiad model to the regions. The project will revise Olympiad curricula, train eight regional instructors to help run newly established Olympiad clubs in Lori, Shirak, Kotayk, and Armavir. Approximately 180 high school students will gain access to advanced instruction and mentorship to prepare them for national and international competitions. 

Hyphen4 Lab will implement a seven-month mapping program in six communities, combining civic learning with practical digital and spatial skills. The project will train university students as fellows to work with TUMO students aged 12 to 18 conducting community mapping workshops. Together, participants will collect and refine open-access GIS datasets on infrastructure, public spaces, and other local assets, strengthening youth digital literacy while also supporting more informed local planning and dialogue with municipalities.

In Lori the Resilient Stepanavan Foundation will support the development of the Stepanavan Community Sports School, which currently serves 174 youth through wrestling, football, table tennis, boxing, and chess clubs, and will also reach additional participants through amateur volleyball, basketball and table tennis activities. The municipality will continue to cover core operational costs, including maintenance and coaches’ salaries, helping to ensure long-term sustainability.

Girls of Armenia Leadership Sports (GOALS) will carry out a one-year program for 250 girls aged 11 to 15 across 20 communities. Combining intercommunity sports activities with educational workshops, hybrid sessions, and self-guided learning materials, the program is designed to strengthen leadership, teamwork, confidence, and civic awareness. It will culminate in the GOALS Girls Summit in Yerevan in fall 2026, bringing together participants from across Armenia for a national event centered on learning, exchange, and inspiration.

The Boon Scientific-Cultural Foundation (BoonTV), through its project ‘Through the Mountains,’ will engage more than 50 young people aged 16 to 35 in five guided hikes to lesser-known mountain and nature sites in Tavush and Vayots Dzor. Participants will receive training in outdoor safety and skills, while also learning about healthy lifestyles, teamwork, environmental responsibility, and local communities. Implemented in partnership with Armenian Geographic, a five-episode documentary series will be produced for national broadcast and online distribution.

The Information and Education Development Network (INEDNET) will implement a program in 5 to 7 communities to help young people take a more active role in local governance. The project will train 15 to 20 youth leaders aged 16 to 30 through a seven-day residential program focused on designing community initiatives. With mentorship and municipal engagement, participants will refine their ideas and present them to the public for voting through participatory budgeting processes. 

In Vanadzor and surrounding communities the NGO Center will run a civic engagement program directly involving 60 young people aged 16 to 30. Through these workshops, simulation games and mentorships, participants will design and implement 20 youth-led community initiatives. A Youth Advisory Council attached to the Vanadzor Municipality will be established to contribute to the co-development of a local youth policy and five-year development plan, helping to institutionalize youth participation at the local level.

The Azatazen Educational NGO will expand its youth programming beyond Yerevan through an initiative serving 300 young people aged 15 to 20, mostly in the Lori region. The program will provide practical training in first aid, physical and emergency preparedness, outdoor safety, and civic responsibility. By focusing on hands-on knowledge and community resilience, the initiative will equip participants with concrete skills to support personal safety and broader civic preparedness.

Taken together, the selected projects reflect a broad understanding of youth empowerment: one that includes academic opportunities, healthy, active lifestyles, and meaningful participation in community life. While the eight projects differ in format and geography, all aim to equip young people with stronger skills, broader networks, and greater confidence to contribute to Armenia’s future.

Armenia faces 25 new cases at ECHR, report finds

Panorama, Armenia
Mar 26 2026

A total of 25 new cases concerning Armenia were brought before the European Court of Human Rights in 2025, according to the latest annual report published by the Council of Europe Committee of Ministers.

The report assesses how member states are implementing rulings from the Strasbourg-based court, which oversees compliance with the European Convention on Human Rights.

Across all member states, the number of new judgments requiring supervision by the Committee of Ministers saw a slight decrease in 2025. A total of 921 new cases were registered, compared to 992 in 2024.

Ukraine recorded the highest number of new cases at 159. It was followed by Azerbaijan and Italy, each with 75 cases. Hungary (70), Turkey (69) and Poland (58) also ranked among the countries with the most new rulings.

The 25 new cases concerning Armenia represent an increase from 15 in 2024, though slightly lower than the 28 recorded in 2023.

According to the report, the cases largely relate to police conduct during mass protests, alleged discrimination against members of the LGBT community, the lack of adequate respons to serious domestic violence cases and dismissal of judges.

Central Bank of Armenia: exchange rates and prices of precious metals – 25-03-

Economy16:50, 25 March 2026
Read the article in: ArmenianRussian:

 The Central Bank of Armenia informs “Armenpress” that today, 25 March, USD exchange rate down by 0.12 drams to 377.2 drams. EUR exchange rate up by 0.35 drams to 437.78 drams. Russian Ruble exchange rate down by 0.0266 drams to 4.6619 drams. GBP exchange rate up by 0.03 drams to 505.9 drams.

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

Gold price down by 657 drams to 53524 drams. 

Read the article in: ArmenianRussian:

Published by Armenpress, original at 

Catholicos Karekin II barred from attending Georgian patriarch’s funeral

Panorama, Armenia
Mar 21 2026

Armenian investigators have denied a request allowing Catholicos of All Armenians Karekin II to travel to Georgia to attend the funeral of Georgian Patriarch Ilia II, his lawyer said on Saturday.

Attorney Ara Zohrabyan said he had submitted a motion seeking permission for the Catholicos to leave Armenia for several days to participate in the funeral ceremony and a divine liturgy scheduled for March 22, following an official invitation from the Georgian Orthodox Church.

The request was rejected by the investigator, Zohrabyan said, calling the decision “absolutely unlawful” and warning it could harm Armenia’s international reputation.

Ilia II, the long-serving head of the Georgian Orthodox Church, died on Tuesday aged 93.

Armenian American Museum to host U.S. debut of pianist Laura Farré Rozada

Fox 11 Los Angeles
Mar 20 2026

Armenian American Museum to host U.S. debut of pianist Laura Farré Rozada

By Araksya Karapetyan


The Brief

  • U.S. Debut: Barcelona-based pianist and mathematician Laura Farré Rozada will perform her first concert for an American Armenian diaspora audience on March 25 in Glendale.
  • Unique Approach: The recital, held in collaboration with the Armenian American Museum, features works from her album Araspel and highlights her specialty of using mathematical structures to memorize and perform complex compositions.
  • Deep Connection: After traveling to Armenia to study its heritage, Rozada has dedicated her work to sharing the “healing power” of Armenian music and the compositions of Komitas with audiences worldwide.

GLENDALE, Calif. – Barcelona-based pianist and mathematician Laura Farré Rozada is bringing her unique blend of music and mathematics to Southern California. Her upcoming concert in Glendale on March 25, held in collaboration with the Armenian American Museum, marks her first performance for an Armenian diaspora audience in the United States and features works from her album, “Araspel.”

Remember Jenny Ryan? You Better Sit Down Before You See Her Now

The backstory:

Rozada, a concert pianist and mathematician from Barcelona, has built a career blending two seemingly different worlds—music and mathematics. Her work explores the deep connections between the two, from how we hear and process sound to how musicians can use mathematical structures to memorize complex compositions.

That passion for uncovering lesser-known works is what led her to Armenian music, starting with the compositions of Komitas, widely considered the father of Armenian classical music. Rozada traveled to Armenia, studied its rich musical heritage, and immersed herself in a culture she hadn’t previously known. Along the way, she says, the experience not only expanded her worldview—but transformed her as an artist.

‘A combination of curiosity’

What they’re saying:

“It really resonates with me,” she said. “It was a combination of curiosity … and when I traveled to Armenia to discover the country and its history, it really captivated me.”

“I studied simultaneously a bachelor’s in piano performance and a bachelor’s in mathematics,” she explained. “One of my specialties is memorizing music through mathematics… and I’ve tried to develop a profile as a performer discovering repertoire you don’t often hear in concert venues.”

“I learned a lot from it and I also grew as an artist… and now I’m presenting and sharing this music with people, touring as many countries as possible,” Rozada added.

“I think we saw during COVID that we cannot live without music,” she said. “To feel good with ourselves and to be emotionally healthy, we need music. It’s an amazing healing tool… and also a way of finding collective identity.”

Local perspective:

On March 25, Rozada will perform in Glendale in collaboration with the American Armenian Museum—marking her first concert with an Armenian diaspora audience in the United States. The recital will feature selections from her album, highlighting the richness and emotional depth of Armenian piano music. For her, the performance is more than just a concert—it’s an opportunity to connect, learn, and give back to a community that has deeply inspired her work.

Big picture view:

At the heart of it all is a belief in the power of music itself. In a world that often feels overwhelming, Rozada sees music as something essential. It is a space to reflect, to feel and to reconnect. And through Armenian music, she’s found not only inspiration, but a profound sense of purpose.

The Source: This article is based on direct interviews and biographical details regarding Dr. Laura Farré Rozada’s professional background as a mathematician and pianist. The information regarding her upcoming performance and her study of Armenian musical heritage was compiled from official event announcements and her personal accounts of her artistic journey.

The Minister of the Armenian Genocide visited the Armenian Genocide Memorial

Renovation works are ongoing at the Armenian Genocide Memorial Complex. This was reported by the KSMS Ministry.


RA Minister of Education, Science, Culture and Sports Zhanna Andreasyan paid another visit to the memorial today to monitor their progress.


The representatives of the contractor organization presented the progress of the works, the current situation.


The minister of KMS once again stressed the need to carry out the works with proper quality and within the specified time, stressing that this issue is in the center of attention of the state.