CB of Armenia keeps refinancing rate unchanged at 7.75% p.a

Central bank of Armenia keeps refinancing rate unchanged at 7.75% p.a

YEREVAN, March 11. /ARKA/. The Central Bank of Armenia (CBA) made a
decision to keep the refinancing rate unchanged ` at 7.75% p.a., the
CBA Press Servcie reported.

According to the CBA Board, assessments of inflationary pressures due
to weakening of the national currency made at the CBA Board meeting of
March 23 were realistic.

On March 3, the CBA Board raised the refinancing rate by 1.0pct to
7.75% p.a. According to the CBA, this increase allows for reasonable
combination of reducing of deviations from target inflation level and
supporting of the economic growth.

The CBA Board has not ruled out adjustment of interest rates if the
current internal and external economic developments are maintained.
1% inflation was recorded in Armenia in February this year against
February 2008.

Under the state budget, inflation is planned to be at 4% (±1.5%) in
Armenia by the end of 2009. `0–

Writer Vahram Sahakyan leaves Armenia

PanARMENIAN.Net

Writer Vahram Sahakyan leaves Armenia
11.03.2009 17:14 GMT+04:00

/PanARMENIAN.Net/ The writer Vahram Sahakyan intends to leave Armenia,
weary of society’s receiving threatening messages and angry outcries
because of his political views. According to Sahakyan, often gets
criticized for exposing the modern reality I his works.

The actor and showman Hrant Tokhatyan said his political views remain
pro-governmental, yet that doesn’t prevent him from speaking out his
problems from the scene. The actor was indignant at the low
professionalism of some journalists, who allow themselves to make
offensive statements about great actors and writers like: `a certain
actor Sos Sargsyan’ or a `certain writer Petya Zeituntyan’.

`A performance based on Vagram Sahakyan’s play will launch in April. I
prefer to keep the details secret for the time being,’ Tokhatyan said.

Meline Kurdyan sing in Zoey’s Ventura Club in LA

PanARMENIAN.Net

Meline Kurdyan sing in Zoey’s Ventura Club in LA
10.03.2009 21:37 GMT+04:00

/PanARMENIAN.Net/ The young singer/songwriter Meline Kurdyan will
perform ac acoustic concert in Zoey’s Ventura LA club. Meline will
feature songs from her `From Where You Are’ debut album, including
romantic songs with the accompaniment of guitar.

The ethnic Armenian Meline Kurdyan was born in Kansas, USA and studied
in France. She performed in Girl Parts band, putting on a high-energy
acoustic folk and pop rock shows.

Manaserian: gradual shift to floating exchange rate would not affect

According to Tatul Manaserian, gradual shift to floating exchange rate
would not affect negatively purchasing capacity of population

2840

YEREVAN, MARCH 10, NOYAN TAPAN. A sudden shift to a floating exchange
rate policy was a correct and objective approach, otherwise the
Armenian economy would have suffered considerable losses, while the
negative impact of the global financial crisis on the country’s
financial market had already been seen. The RA deputy minister of
finance Vardan Aramian expressed this opinion at the March 9 debate.

The member of the parliamentary "ARF" faction Artsvik Minasian said
that all the objective conditions for the dram’s depreciation had
already been created, but the question is how it should have been done:
gradually or suddenly? In his words, a stage-by-stage shift would be a
stricter one, but no calculations on it are presented to the public.
"So the public has some concerns, negative expectations, tension," A.
Minasian noted. He pointed out that the Central Bank of Armenia (CBA)
should publish the list of the entities who benefited from the
situation and increased their wealth by 30% during 2-3 days.

Doctor of Economics, Professor Tatul Manaserian considered wasting at
least 700 dollars of the state budget for maintaining the dram’s
exchange rate as unacceptable. In his opinion, the depreciation of the
dram should have been done gradually. According to him, in case of a
gradual shift, the state would have been able not to affect negatively
the purchasing capacity of the population, especially as the gas, water
and power prices will rise starting from April 1. He said that in these
conditions the state should raise the minimum wage to 30-40 thousand
drams.

In his words, the whole government is responsible for this situation.
He said that the business circle puts a serious pressure on the
government, preventing the executive branch from acting freely in the
existing situation. "As a proof, I would like to note that last week
the government withdrew from the National Assembly the bill that
proposed increasing the customs duty of imported goods by 15%," T.
Manaserian said.

http://www.nt.am/news.php?shownews=101

Azerbaijani Opposition To Boycott Referendum

n_Decides_To_Boycott_Referendum/1507924.html

Azer baijani Opposition To Boycott Referendum

March 11, 2009

BAKU — The Azerbaijani opposition has decided to boycott a
controversial national referendum on amendments to the constitution,
RFE/RL’s Azerbaijani Service reports.

Hasan Kerimov, deputy chairman of the Popular Front Party, says that
the united opposition group For Karabakh and Republic, of which
Kerimov’s party is a member, has decided it would be better to boycott
the referendum than to call on people to vote against the proposed
amendments.

The referendum is scheduled for March 18.

Azerbaijani authorities have touted the proposed amendments to the
constitution as measures to further democratize society.

The opposition says the amendments would strengthen the powers of
incumbent President Ilham Aliyev, who will be eligible for a third
term if the amendments are introduced.

http://www.rferl.org/content/Azerbaijani_Oppositio

`Our Victories’

`OUR VICTORIES’

mp;nid=1651
08 March 2009

The viability of any civilization, alongside with other factors, is
determined by the high level of the military thought and, of course, by
the will and the ability to fight and to win. In this context the
history of Armenian civilization is not an exception; it is also the
continuous integrity of military art and victories. Meanwhile, it
should be accepted that in spite of the valuable historical evidences
and separate contemporary researches, the systematized analytical
history of our victories had not been covered and presented to the
Armenian and international community. In our opinion, this is the
omission not only from the point of view of Armenian historiography.
Providing the community with the information on Armenian military art
will inevitably boost the formation of large-minded and victorious
identity of contemporary Armeniancy free of psychological complexes.
Mainly this circumstances and problems compelled us to start on this
project entitled `Our victories’.

Within the framework of that project `Our victories’ four-volume
edition is publishing. It is going to be a background for the creation
of the Armenian military art encyclopedia. It is intended to translate
those publications in order to present our military art to foreign
language speaking community. There is also an intention to accept those
works as a basis for the creation of different digital and electronic
formats.

The first volume, which is a result of triennial work of the writing
staff, covers the historical period from the 3rd millennium BC till the
3rd century AC. In the near future the second volume of `Our victories’
will be published. It will be devoted to the military developments of
the 4th-10th centuries. At the same time the third (11th-17th
centuries) and forth volumes are in preparation. Our glorious and
convincing victories in war in Artsakh will also be presented in the
last volume.

It is obvious that the omissions in such a large-scale project are
inevitable. This mainly concerns the period of the 3rd and the 2nd
millenniums where we have a certain lack of evidences. Anyway we are
expecting both remarks and assistance in the implementation of the
project.

The book `Our victories’ can be purchased in `Book world’ (address: 20
Mashtots Ave. Yerevan) and `Noyan Tapan’ (Hanrapetutyan Square,
Government House 2) bookstores.

http://www.noravank.am/en/?page=news&a

Armenian Assembly Western Region Continues Outreach

Armenian Assembly of America
1140 19th Street, NW, Suite 600
Washington, DC 20036
Phone: 202-393-3434
Fax: 202-638-4904
Email: [email protected]
Web:

PRESS RELEASE

March 6, 2009
Contact: Michael A Zachariades
Email: [email protected]
Phone: (202) 393-3434

ARMENIAN ASSEMBLY WESTERN REGION CONTINUES OUTREACH

Los Angeles, CA- In a continuation of its outreach efforts, the Armenian
Assembly of America (Assembly), along with University of California,
Irvine, Armenian Students’ Association and the AGBU Young Professionals
of Orange County, held two separate Congressional forums last month in
Fresno (Central Valley) and Irvine (Orange County). The forums, which
featured Representatives Ed Royce (R-CA) and George Radanovich (R-CA),
both members of the Congressional Caucus on Armenian Issues and
long-time supporters of U.S. reaffirmation of the Armenian Genocide,
offered a unique opportunity to discuss a wide range of issues.

In Orange County, participants heard from Congressman Royce on topics
ranging from U.S. affirmation of the Armenian Genocide; U.S.-Turkey
military policy and the Azeri government’s increasing war rhetoric with
regards to Nagorno-Karabakh. Royce explained his deep conviction and
past championship of previous resolutions calling for U.S. affirmation
of the Armenian Genocide and detailed how he will continue to work with
both the Armenian-American community and his colleagues in Congress to
ensure that a resolution is passed by the House of Representatives.
Royce also described the current ramifications behind Azerbaijan’s
bellicose rhetoric, outlining his commitment to ensuring that U.S.
foreign policy in the South Caucasus applies sufficient pressures on
Azerbaijan to cease its hostility toward the people of Nagorno-Karabakh.

"I would like to thank Congressman Royce for his steadfast support on
Armenian issues and for his voting record, which is reflective of our
common goal of greater regional stability and integration in the South
Caucasus," stated Keshishian. Royce played an instrumental role in
passing an amendment to the 2006 Export-Import Reauthorization Act,
which prevented U.S. taxpayer assistance to a proposed railway
connecting Azerbaijan, Georgia and Turkey that specifically bypassed
Armenia.

In Fresno, Keshishian travelled to join Congressman George Radanovich
(R-CA) to discuss the Armenian Genocide Resolution and the implications
the Presidential and Congressional elections had on the Congressional
Caucus on Armenia Issues. While official business prevented Radanovich
from appearing that evening, Keshishian led an in-depth discussion on
the Assembly’s activities in California and specifically outlined the
issues in 2009 – namely, a peaceful settlement of the Nagorno-Karabakh
conflict, U.S. affirmation of the Armenian Genocide and seeking closer
U.S.-Armenia cooperation on military and economic concerns.

Established in 1972, the Armenian Assembly of America is the largest
Washington-based nationwide organization promoting public understanding
and awareness of Armenian issues. The Assembly is a 501(c) (3)
tax-exempt membership organization.

###

NR#2009-01

www.aaainc.org

Javadyan: Central Bank Of Armenia Raises Refinancing Interest Rate T

JAVADYAN: CENTRAL BANK OF ARMENIA RAISES REFINANCING INTEREST RATE TO 7.75%

ARKA
March 3, 2009

YEREVAN, March 3. /ARKA/. Board of the Central Bank of Armenia has
raised refinancing interest rate 1.0 percentage points to 7.75%,
Central Bank Chairman Arthur Javadyan said on Tuesday.

He told journalists that the decision was prompted by the fact that
crises-caused deflation environment on world markets and slowing
growth in domestic demand foster low inflation.

Nevertheless, he said, risks of increase in target inflation indicators
are becoming very likely amid devaluating currency.

The previous change in refinancing interest rate was made on February
10. It was driven 0.25 percentage points down to 6.75%.

ANKARA: Apology Organizers Could Face Charges

APOLOGY ORGANIZERS COULD FACE CHARGES

Hurriyet
March 4 2009
Turkey

ANKARA – Criminal proceedings can in fact be launched against
the organizers of an online campaign to apologize to Armenians for
incidents that occurred in 1915, the high criminal court in Ankara’s
Sincan disrict ruled Monday.

The court’s decision overturned an earlier ruling by the Ankara
prosecutor’s office that had rejected demands to bring criminal charges
against the organizers. Prosecutors are now free to seek the permission
of Justice Minister Mehmet Ali Å~^ahin to launch an investigation.

Campaign architect Cengiz Aktar suggested that the Justice Minister
would not green-light such an investigation, but said Å~^ahin may be
drawn in two different directions. "While the upcoming elections might
incite the minister [to issue] an investigation permit, pressure from
the United States on human rights might lead him not to," Aktar told
the Hurriyet Daily News & Economic Review yesterday. "Both Europe
and the United States are aware of the importance of the campaign."

Freedom of thought

In response to a petition calling for the organizers of the Internet
campaign to be penalized, the public prosecutor’s office launched
a probe in January. It ruled that there was no need for criminal
proceedings, saying that opposing views were protected as freedom of
thought in democratic societies. The petition was submitted by six
Ankara residents who claim the campaign insults the Turkish nation,
an illegal act under Article 301 of the Turkish Penal Code, or TCK.

Launching an investigation under Article 301 requires the permission
of the Justice Ministry, which the high criminal court can now
request. Justice Minister Mehmet Ali Å~^ahin had previously stated that
the campaign was a matter of the organizers’ own discretion, saying:
"What is important for me is the approach and policy of the Republic
of Turkey."

The "I apologize" campaign was launched on Dec. 15. Though it has
drawn harsh criticism within the country, approximately 29,000 people,
including many intellectuals and journalists, have signed the petition,
which reads, in part: "My conscience does not accept the insensitivity
showed to and the denial of the Great Catastrophe that the Armenians
were subjected to in 1915."

Armenia claims that up to 1.5 million Armenians were systematically
killed in 1915 under the reign of the Ottoman Empire, while Turkey
denies this, saying that any deaths were the result of civil strife
that erupted when Armenians took up arms for independence in Eastern
Anatolia.

Barack Obama: Deceiver In Chief

BARACK OBAMA: DECEIVER IN CHIEF
By Kevin Field

The Simon
lling_stories/01621_barack_obama_deceiver_chief.ht ml
March 4 2009

Our left-leaning columnist now regrets his vote for President Obama.

My name is Kevin Field, and I’m a recovering Obamaniac. (Or Obamamaniac
– I’ve never been told which is the correct usage.) I helped elect
Barack Obama as the 44th President of the United States… but now I’m
starting to think my friends at hillaryis44.com and noquarterblog.net
are right: Barack Obama is a fraud!

Over the last two years, the rise of Barack Obama as a legitimate
Presidential candidate thrilled me to my core. For the first time
in our nation’s history, we had actual proof that our inherently
bigoted culture had thrown off the shackles of slavery and come
to love all things African-American. With each rise of Barack in
the polls, America proved herself to be less and less racist. That
was a beautiful thing to experience. And if my favored candidate,
Dennis Kucinich, was proving to be less than viable in the polling,
at least we could get behind the inspiration of Barack Obama.

And I did my part as a good citizen to support him. I bought two
bumper stickers – one for my Prius and another for the frame of my
mountain bike. I signed up for email updates from his campaign. I
told a neighbor I’d let them put an Obama yard sign on my front
lawn. I even purchased three Obama t-shirts and wore them to work on
every single casual Friday over the course of three months… when
my company’s Employee Code of Conduct expressly forbids political
speech. Yet I risked my own livelihood to show support for Barack
Obama. That is dedication. My blood, sweat and tears helped lead him
to the White House.

But now that the honeymoon is over, ask yourself: what has Obama
done? What has he honestly done to improve our country, other than give
a decent speech? He’s already had one month in office to make good on
his campaign promises, but we’ve seen precious little in return. He’s
been all about the economy, twenty-four hours a day, just like any
good little capitalist. (I’ve got news for you: all it takes to solve
our economic malaise is progressive taxation on corporations and the
top one percent of wage earners. And I’m not even an economist.)

While it pains me to do this, we need to take a sampling of promises
President Obama made during the campaign that he’s already broken, in
order that we may shine light into the darkness, and bring attention
to his lies:

Leave Iraq. The issue that got him elected, Obama made clear that
the American occupation of sovereign Iraq was a mistake that we were
no longer willing to pay with our nation’s blood and treasure. But
surprise! While he recently said he "wants" to leave by the end
of 2010 (hardly the immediate withdrawal he had hinted at in his
speeches), there is supposedly going to be a force of up to 50,000
troops assisting the Iraqis after that, for years to come. Sorry!

Sign the UN Convention on the Rights of Persons with Disabilities. I
know the United States isn’t fond of making nice with the UN, but it’s
already March 2009. What’s the delay? The disabled have rights. We need
to stand up in support of those who can’t stand up themselves. Because
of their disabilities.

Improve high school graduation rates. As someone who was lucky enough
to receive a first-rate education at home, I can still understand
that not everyone is lucky enough to have loving parents/partners
invest their time and effort teaching their children. Nonetheless,
it is schooling, no matter where and how it’s accomplished, that
is the only way to allow a teenage flower to bloom. So this is an
issue near and dear to my heart. Yet it clearly isn’t a priority
for the President, as evinced by the fact that his own Department
of Education has so far refused my repeated requests for the 2009
graduation rates. What’s the matter, Barack? Got something to hide?

Double the Peace Corps. Now, to be clear, I didn’t take part in the
Peace Corps, nor do I know anyone who did. But traveling the world and
meeting people has always sounded like a good idea to me. And yet Obama
has yet to make good on his offer to increase the Peace Corps by 200
percent – another broken promise. (I’m not sure that math is correct,
as my dads focused my learning on social justice… and rightly so.)

Seek a Code of Conduct for space-faring nations. This idea didn’t
get a lot of traction during the campaign. Admittedly it’s a bit
"out there." But if we’re ever going to bring the glorious future
that Gene Roddenberry envisioned in Star Trek to life, America needs
to take the initiative and develop a workable treaty to govern how
the nations of the earth interact in space. It’s the first step in
creating a workable Starfleet. But again: nothing from Team Obama.

Recognize the Armenian genocide. You may not care about this issue,
but I’ll tell you who does: Armenians. Sadly, I guess the Armenian
lobby isn’t powerful enough in Washington D.C. (or perhaps the Turkish
lobby is too powerful, I don’t know) to motivate action on this issue,
and thus: another promise broken!

And those are just off the top of my head. If I could get my Internet
connection working, I’m sure I could come up with many more.

It’s becoming increasingly clear that Barack Obama would say anything
to get elected… just like any other politician. Which is a shame. If
he doesn’t plan on honoring the myriad promises he made in seeking
election, we need to consider action. I don’t know what that action
would be yet – in our very flawed two-party system, even if we managed
to impeach him for breaking his word, or replace him with someone else
in four months, much less four years… we’d very likely get someone
even worse – Gods forbid, someone like Jeb Bush. Another creature of
political habit who only excels at one thing: getting elected. At
least by electing Obama, we’ve proved we aren’t racist; perhaps we
can replace him with a woman and prove we’re no longer sexist either.)

That is most certainly not "change you can believe in." How do you
sleep, Mister Obama?

http://www.thesimon.com/magazine/articles/te