Emil Soghomonyan Says Armenian Banks Will Close This Year With Profi

EMIL SOGHOMONYAN SAYS ARMENIAN BANKS WILL CLOSE THIS YEAR WITH PROFIT

ARMENPRESS
Aug 25, 2009

YEREVAN, AUGUST 25, ARMENPRESS: The trade banks in Armenia continue
being stable which is the result of correct assessment of risks,
the Chairman of the Union of Armenian Banks Emil Soghomonyan said
today at the meeting with reporters. The specialist did not exclude
the possible repetition of the 2d round of financial-economic crisis
predicted by certain economists but even in that case he expressed
assurance that the banking system will not be damaged.

Soghomonyan did not share the assessments that this year the Armenian
trade banks will close this year with loss or with 0 index. He said
that during the first half of the year the total profit of the banks
amounted to 4 billion 300 million AMD, in 2008 during 6 months the
profit of the banks was 28 billion AMD.

In the first half of this year 16 out of 22 Armenia’s banks closed
with profit and 6 with loss.

A Georgian director staging in Armenian National Opera and Ballet

The FINANCIAL (PressRelease) (press release)

A Georgian director is staging in the Armenian National Opera and
Ballet Theatre

29/07/2009 11:03

(via.finchannel.com) — Yerevan, Armenia, The Georgian side in the
Joint Georgian -Armenian project – Mozart’s opera `Don Giovanni’ on
the stage of the Armenian National Opera and Ballet Theatre after
Alexander Spendiarian – is represented by production director,
choreographer, sets and costumes designer and the author of the poster
Ms. Irene Gachechiladze.

The premiere of the performance is due to on July 30 and 31, 2009.

The Joint Project is produced by `RådLab’ Foundation, registered in
Georgia and Armenian National Opera and Ballet Theatre with support of
the Ministry of Culture, Monuments’ Preservation and Sport of Georgia
and the Ministry of Culture of the Republic of Armenia.

The orchestra of the Armenian National Opera and Ballet Theatre is
directed by major conductor of the Theatre Karen Dulgarian together
with conductor Harutyun Arzumanian. The soloists are from the same
Theatre.

It must be stressed that a Joint Armenian-Georgian project on the
stage of the Armenian National Opera and Ballet Theatre after
Alexander Spendiarian is carried out the first time.

Descendent of Genocide victims can’t sue foreign insurance co’s

Descendent of Armenian Genocide victims can’t sue foreign insurance
companies any more

armradio.am
22.08.2009 16:37

Armenian Americans descended from victims of the 1915-18 massacre by
Ottoman Turks can’t sue foreign insurance companies for unpaid claims
because the U.S. government doesn’t legally recognize that an Armenian
genocide occurred, a federal appeals court ruled Thursday. A Glendale
priest and thousands of other Armenians whose relatives were among the
1.2 million killed had won a partial victory two years ago.

U.S. District Judge Christina A. Snyder said then that a 2000 law
passed by the California Legislature gave the descendants standing to
sue three German insurance companies. But a divided three-judge panel
of the U.S. 9th Circuit Court of Appeals overturned that ruling, saying
the California law attempted to undercut the president’s diplomatic
authority and had to be preempted by the federal policy against
acknowledging the genocide.

"I think the decision is outrageous. If taken to its logical extension,
what this decision means is that all 40 states that have recognized the
Armenian genocide have to set aside that recognition," said Brian S.
Kabateck, a Los Angeles lawyer representing the plaintiffs whose own
maternal grandparents died in the genocide.
"This is a sad day for Armenian Americans," he said, adding that the
decision would make recovery of victims’ bank accounts, insurance
proceeds and other property impossible. He vowed to appeal for
rehearing by a larger panel of judges.’

BAKU: Microsoft corrects Bing Maps for correct reflection of NK

Trend, Azerbaijan
Aug 10 2009

Microsoft corrects information at Bing Maps for correct reflection of
Nagorno-Karabakh status

Azerbaijan, Baku, August 10 / Trend Capital G. Veliyev /

Microsoft company corrects its information to reflect world consensus
about Nagotno-Karabakh as essential part of Azerbaijan, press-service
of Microsoft Azerbaijan said.

Microsoft Azerbaijan said that entire cartographic information of the
corporation is being updated now. Afterwards, map of the Azerbaijani
Republic at Bing Maps will contain all necessary changes in 2009.

Mistake was made regarding information placed at MSN Weather
portal. The mistake will be corrected soon. Nagorno-Karabakh was
indicated as separate state in the list of counties in Weather section
of Microsoft-MSN corporation website.

According to Microsoft’s statement, the corporation recognizes
territorial integrity of Azerbaijan and takes into account that there
are different, sometimes, contrary views on geography in the
world. Moreover, Microsoft considers practice and opinion of the
international community, as well as independent academic and research
organizations while presenting geographic materials.

Regarding Encarta maps, this product will not be renewed as entire
production line of Encarta was phased out.

Tbilisi: Moscow Urged To Promote ‘Passive Euthanasia’ Of CIS

MOSCOW URGED TO PROMOTE ‘PASSIVE EUTHANASIA’ OF THE CIS
Paul Goble

Georgiandaily
August 21, 2009

Vienna – Instead of seeking to "cure" the problems that beset the
Commonwealth of Independent States (CIS), difficulties that have been
highlighted and exacerbated by Georgia’s exit, one Russian analyst
says, Moscow should acknowledge the need for and promote "the passive
euthanasia" of that organization of post-Soviet states.

In a comment in today’s "Nezavisimaya Gazeta," Stanislav Minin says
that Russians are now "observing the crisis and slow destruction of two
post-Soviet structures," physical ones like hydro-electric dams which
must be rebuilt and political-economic ones like the CIS that should
be allowed to pass away ().

Un fortunately, he continues, the Russian government and Russian society
to a certain extent misunderstand what the CIS is about. "They conceive
the Commonwealth as a format which strengthens Moscow’s position"
in the region, whereas "in fact, the CIS is a format which has been
called upon to soften the gradual rupture of these ties."

And because many in Moscow do not recognize this, Russia often
takes actions which needlessly offend the countries around its
borders whenever the former imperial center sees "even the slightest
manifestation of independence by Ukraine, Belarus, Moldova, Kyrgyzstan
or Kazakhstan.

In some respects, Minin suggests, Moscow’s position with regard to
these countries resembles that of a mother who wants to continue to
play the role she had when her son was young but who is now "20, 30
or 40 years old" rather than encouraging, as "a wise parent" does,
precisely the independence of her offspring.

Russia has been able to continue to play "the role of mother
thanks to the post-Soviet economic arrangements," and "by analogy,
precisely the customary social-economic arrangements in part become
a psychological obstacle for a young person who is leading his
father’s house. However," Minin says, "taking that step is all the
same necessary."

Consequently, the "Nezavisimaya gazeta" writer suggests, there are only
two possible outcomes: "either [the CIS] will break apart or the member
countries will remain" in the position of dependent children." The
first of these, Minin insists, is "better," especially for Russia
"which needs to acquire a new post-Soviet and even post-imperial
identity."

The reasons the CIS was created "in the form in which it was
arranged at the start of the 1990s is completely understandable," he
continues. But what is "not understandable is why 20 or 30 years after
the disintegration of the USSR should be preserved a structure-relict,
created in order to gradually reduce to zero the very common interest
which called it into existence."

"The CIS can continue to exist," Minin admits, "as a largely formal
organization, like the British Commonwealth and thereby serve as
balm for the soul of nostalgic citizens." But he notes these people
"are becoming ever fewer," an irreversible trend that, along with
Georgia’s decision, may force Moscow to face up to the need to
dismantle this organization.

When Georgia, the last country to join the CIS, became the first to
leave it finally and completely this week, many in Moscow sought to
put the best face on this, arguing that the Commonwealth is going to
be better off without Tbilisi whose participation in the grouping of
states had been pro forma for some time ().

But because of the way Georgia left, carefully following the rules
laid down in that organization’s charter, and because Tbilisi has made
clear that its departure does not mean a complete break with all the
accords it has with the CIS or with CIS members, other governments
concluded that leaving it was not a radical step, even if they do
not plan to take that step soon.

In the wake of the Georgian move, President Viktor Yushchenko of
Ukraine announced that he will not take part in CIS meetings in the
future, thus reducing the importance of a structure which in recent
years has often been described as "a club of presidents" rather than
an effective regional grouping ().

Meanwhile, the new anti-communist majority in the Moldovan parliament
announced that it would hold a referendum on the possibility of
Moldova seeking membership in NATO, a step that would likely presage
Chisinau’s exit from the CIS and increase the importance of GUAM
().

But perhaps the clearest indication that the CIS may soon
dissolve or at least be reduced to the kind of formality Minin
said might allow it to continue came from the comments of analysts
in Armenia, a country that because of its geopolitical position
has remained closer to Moscow and the CIS than perhaps any other
().

These experts suggested, in the words of Kavkaz-uzel.ru, that "the
departure of Georgia from the CIS is a strong shock to that structure,
and the August 2008 war increased the possibility for the formal legal
withdrawal of several countries from the Commonwealth of Independent
States."

Stepan Grigoryan, the head of Yerevan’s Analytic Center on
Globalization and Regional Cooperation, said that the war increased
concerns among many CIS government heads who saw what methods Russia
might use" and who thus became even more concerned about making
arrangements to defend the sovereignty of their countries David
Petrosyan, a commentator for the Noyan Tapan news agency, added that
the CIS "is a relatively ineffective structure," although he pointed
out that Armenia, as "a small country," needs to be cautious in taking
any radical steps including leaving the Moscow-led grouping of states.

Ruben Megrabyan of the Armenian Center of Political and International
Research suggested that Armenia "today" is "not in a position to
follow the example of Georgia and leave the CIS." But he pointed out
that the Commonwealth, intended to provide for "a civilized divorce"
of the former Soviet republics, no longer is a "working structure."

Instead, he said, the CIS "operates today by inertia, without
giving anything to anyone." As a result, he said, it is "a structure
without content and without meaning," hardly an endorsement of an
organization so many have invested so much in, especially since he
like the other Armenian experts said that Tbilisi’s exit would not
change Georgian-Armenian relations.

www.ng.ru/columnist/2009-08-21/100_sng.html
www.centrasia.ru/news.php
www.annews.ru/news/detail.php
www.politcom.ru/8687.html
www.kavkaz-uzel.ru/articles/158258

Artsvik Minasyan Estimated Armenia’s Anti-Crisis Program As Unsatisf

ARTSVIK MINASYAN ESTIMATED ARMENIA’S ANTI-CRISIS PROGRAM AS UNSATISFACTORY

PanARMENIAN.Net
20.08.2009 15:51 GMT+04:00

/PanARMENIAN.Net/ Armenian authorities must revise their anti-crisis
program since inadequate policy in the sphere of eliminating crisis
impact will not lead to progress.

Armenian authorities must revise their anti-crisis program since
inadequate policy in the sphere of eliminating crisis impact will not
lead to progress, ARFD parliamentarian Artsvik Minasyan told today a
news conference in Yerevan. Although, Premier Tigran Sargsyan denied
possibility of country’s facing crisis, it became so obvious in the
course of time that it was already pointless to conceal it, MP said.

"Demand and purchasing capacity have dropped," Minasyan said, stressing
the importance of increasing salaries and social allowances to ensure
high demand.

"If we take the 5-point scale, my assessment on anti-crisis program
is on the level of 2," Armenian MP noted, stressing that authorities
do not properly distribute resources in the sphere of assisting rural
economy. In that regard, he brought the example of Baghramyan village
(Armavir province) which has excessive soil needing more water in
comparison with other areas. But because by government decision
water in villages should be distributed in equal quantities, the
village is facing problems. "As a result of such misdistribution,
people have found themselves on the brink of downfall," Minasyan said.

Armenian MP anticipates 20 vs. 50% of economic decline, considering
that Russian economy is in for the second wave of crisis. And since
Armenian economy is greatly dependent on Russia, such decline will
also negatively affect Yerevan, he noted.

Vivacell-Mts: "Summer Inspiration"

VIVACELL-MTS: "SUMMER INSPIRATION"

php?id=lrahos||society&pid=14961
09:41:25 – 20/08/2009

VivaCell-MTS announces today the opening of the regional Culture Houses
and Art and Craft Schools of Armenia Summer inspiration project. A
set of internal exhibition-contests will be held in the frames of
the project initiated by VivaCell-MTS. The first exhibition-contest
is held today in the city of Vanadzor, center of Lori region. The
exhibition hall of the esthetic education center gathered together
under one roof pupils in the mutual spirit of inspiration, sharing
the outcomes of own artwork and craftwork with peers and joint victory.

"Summer Inspiration" project is aimed at revealing and promoting the
creativity of young children talents in the regions of Armenia. The
vivid imagination of a child is the theme for the contest. The
children’s artwork is judged on originality, clear expression, and
cultural expression in the work of art. Art is presented in a variety
of mediums including ethnic dance, singing, painting, needlework,
acting, craft and photography. The artworks should be associated with
VivaCell-MTS or display VivaCell-MTS corporate brand logo.

The most talented pupils chosen by each of the Culture Houses/Arts and
Crafts Schools will participate in the exhibition-contest. The winner
of the exhibition-contest in each Culture House/Arts and Crafts School
will be chosen by the Company. However, the prize from VivaCell-MTS
will go to the educational institution and not to the individual. This
is to encourage personal contributions to the collective achievement
by letting own talents serve the native Arts Center/House of Culture.

The results and winners of the children’s art exhibition-contest
"Summer Inspiration" will be released.

"VivaCell-MTS to children theme that we initiated at the beginning of
the year and in all directions, is now animating our regions with a
Summer Inspiration mood, our children are talented in many ways and
it is our Responsibility to reveal and promote this talent in them
thus awakening more purposes in their lives" Stated VivaCell-MTS
General Manager Ralph Yirikian.

The Summer Inspiration project will spread all over Armenia’s regions
and will surely adds to children festive summer moments.

http://www.lragir.am/src/index.

How To Protect Caucasian Plant Life? Experts To Meet In U.S.

HOW TO PROTECT CAUCASIAN PLANT LIFE? EXPERTS TO MEET IN U.S.

2009/08/21 | 13:16

ecology

For the first time, American scientists and researchers from the
former Soviet Union will gather in the United States to discuss a
mutual concern: how to protect Caucasian plant life. Oct. 2 through
8, botanists from Armenia, Azerbaijan, Georgia, Russia and Turkey
will meet at the International Caucasian Symposium at the Missouri
Botanical Garden to discuss the creation of a Caucasian Plant Red List,
a list of the most endangered plants in the Caucasus Mountains. The
Symposium will eventually result in The Plant Red Book, the first
publication by the six countries covering the Caucasus.

The Caucasus Mountains are situated between the Black Sea (Europe) and
the Caspian Sea (Asia), and span six countries: Armenia, Azerbaijan,
Georgia, Iran, Russia and Turkey. The vegetation in the Caucasus is
remarkably diverse, ranging from alpine meadows and mountain conifer
forest to arid shrub lands and semi-deserts. Of the 6,300 species of
vascular plants, about 2,500 are endemic to the region.

Despite the botanical richness of the region, political unrest has
prevented botanists and conservationists outside the former Soviet
Union from working with the region’s rare and endangered plants. Most
information on the flora has been published only in Russian, of
little help to scientists in countries outside the former Soviet
Union. Further, with political tensions high, no country in the region
was able to initiate a collaborative work covering the complete flora
of the region. Without a list of endangered plant species, there is
no scientific basis for conservation.

"This Symposium is significant because it will give American
specialists an opportunity to sit down, face-to-face, with Caucasian
specialists and learn about the unique flora and vegetation of
the region," said Dr. Tatyana Shulkina, Missouri Botanical Garden
associate curator, former Soviet Union (the Caucasus) projects and
a native of Russia. "This will hopefully lead to the establishment
of personal relationships and collaboration on future works of this
biodiversity hot spot."

Since 2003, the Missouri Botanical Garden has played a role in
bringing scientists from the region together to discuss Caucasian plant
life. With financial support diminishing, the Garden held a botanical
conference in Tbilisi, the capital of Georgia. It was the first time
since the collapse of the Soviet Union in 1991 that botanists from
Russia, Armenia, Azerbaijan, and Georgia gathered to discuss ways to
protect Caucasian plant life. Scientists have met twice since then.

During the meeting, a committee was formed to complete a Caucasian
Plant Red List a list of the most endangered plants with the Garden’s
Curator of the Herbarium, Dr. James Solomon as the editor. The
Critical Ecosystem Partnership Fund (CEPF) and the International
Union for Conservation.

http://hetq.am/en/ecology/14815/

The Volume Of Transactions By ArCa Cards In The Processing Net Of VT

THE VOLUME OF TRANSACTIONS BY ARCA CARDS IN THE PROCESSING NET OF VTB BANK ARMENIA GREW BY 10,1% IN JULY

ArmInfo
2009-08-19 19:37:00

ArmInfo. The volume of transactions by the local ArCa cards in the
processing net of VTB Bank Armenia grew by 10,1% in July, but their
number fell by 4,5%.

As CJSC Armenian Card reported, in the total volume transactions the
volume of the cash operations by the local ArCa cards grew by 8,22%
in July. The volume of the non-cash operations grew by 1,8 times
in July – up to 4 mln drams, and their number grew by 34,8% – up to
124 operations.

Azerbaijani Special Agencies Reveal Those Who Voted For Armenia At "

AZERBAIJANI SPECIAL AGENCIES REVEAL THOSE WHO VOTED FOR ARMENIA AT "EUROVISION-2009

ru/articles/10955
aug 18 2009, 23:30

The Ministry for National Security (MNS) of Azerbaijan is now
identifying the persons, who gave their votes for the participants
from Armenia at the musical competition "Eurovision-2009".

As reported by one of the voters – an Azerbaijani Rovshen Nasirli –
on August 12 he was summoned for interrogation to the MNS, where he
was asked to explain his act in writing.

"I was summoned to the MNS and ordered to write an explanatory note
on why I had voted for Armenia at the contest ‘Eurovision-2009’. They
told me that it was important for the state security. I was under
psychological pressure; they offended me: ‘You have no nationality; why
did you give your vote to Armenia?’, and I answered: ‘If Azerbaijani
deputies go to Armenia, why ordinary citizens can’t vote for the song
they liked?’" Mr Nasirli said on air of the local Radio Liberty.

According to the Azerbaijani, the officers who interrogated him had
in hands the list of all TV viewers who had voted for Armenia with
indication of their addresses and telephone numbers. In total, there
are 43 such "traitors". According to the Radio, this data could be
obtained by special services from the "Azercell" mobile operator.

http://www.eng.kavkaz-uzel.