24 Base Stations Of Komstar OTS’ WiMax Network Put Into Operation In

24 BASE STATIONS OF KOMSTAR OTS’ WiMAX NETWORK PUT INTO OPERATION IN ARMENIA

Noyan Tapan
Oct 22, 2008

YEREVAN, OCTOBER 22, NOYAN TAPAN. Komstar-OTS OJSC (Russia) and its
Armenian subsidiary Cornet-AM company have launched a WiMAX network
of 24 base stations that covers Yerevan (6 stations) and another 18
cities in Armenia, the president of Komstar-OTS Sergei Pridantsev
and the director general of Cornet-AM Boris Demirkhanian announced
at a joint press conference on October 21.

According to S. Pridantsev, this is the first network in the world
to be completely built based on WiMAX technologies. It covers an area
where 60% of Armenia’s population lives.

B. Demirkhanian said that it is envisaged increasing the number
of stations to 40 in order to expand the area covered by the
network. Investments of 4.6 million dollars have been made in the
construction of the currently operating network. The amount of
future investments will be determined based on the results of the
network’s operation in 2008 and the development tendencies of Armenian
telecommunication market. The base stations of the network are linked
to each other by fiber-optic and radio relay lines which are either
rented lines or Komstar OTS’s own ones. Komstar-OTS conducts a policy
of ensuring similarity of the prices of services provided in Armenia.

Komstar OTS’s network in Armenia enables to deliver complex services:
digital phone connection, conference connection, and organization
of corporate networks. The company currently offers its services to
corporate users, but it has the strategic goal of servicing private
users as well.

The director general of Cornet-AM informed those present that the
company currently has more than 600 subscribers and over 1,000
connection points that ensure the connection of their services. The
company plans to increase the number of subscribers by at least
400 until late 2008. S. Pridantsev pointed out the development
disproportion between the capital city and marzes (provinces) from
the viewpoint of Internet access. Only 4% of the country’s population
has an Internet access now. In his opinion, taking into account the
fact that "the region is developing normally, the level of access may
reach at least the current level of fixed-line phone connection access
which is over 20%". The matter concerns broadband Internet access.

In the words of B. Demirkhanian, in the summer of 2008, Cornet-AM
submitted a bid to the RA Public Services Regulatory Commission with
the request to receive permission for provision of fixed-line phone
services for 60 thousand phone numbers.

It is noteworthy that Komstar-OTS is the biggest operator of fixed-line
phone communication in Moscow. Using the base network of fixed-line
communication, it provides phone, data transfer, Internet access,
digital television and other services to retail operators, corporate
customers and private users. In addition to the indicated base
network, a WiMAX network will be launched soon. The ultimate users
of the company’s services provided by fixed phone lines make up 97%
of Moscow households. Besides, the company provides telecommunication
services in 67 cities in five okrugs (regions) of Russia, as well as
in Ukraine. Komstar-OTS is likely to enter Kazakhstan’s market as well.

Icon Communications Plans To Cover Armenia With Its Wimax Network In

ICON COMMUNICATIONS PLANS TO COVER ARMENIA WITH ITS WIMAX NETWORK IN 2010

Noyan Tapan
Oct 21, 2008

YEREVAN, OCTOBER 21, NOYAN TAPAN. iCon Communications company, which
was registered in Armenia in late 2007, plans to start operating in
January 2009 and provide Internet services by WiMAX technology in
Yerevan starting from April of the same year and througout Armenia
starting from 2010. Through its network, the company will offer
broadband wireless Internet services, Internet phone connection
services, as well as services on construction and operation of separate
corporate virtual networks. Aram Kablanian – the CEO of the company,
the founder of Virage Logic company (U.S), which has an Armenian
subsidiary – stated this at the October 20 press conference.

He said that 4 million dollars has already been invested for the
construction of a wireless network in Yerevan with equipment of
Alcatel-Lucent and Siemens, which will also be used for ensuring a
connection with a speed of up to 20 megabits/sec between the network
and ultimate users. The total amount of investments for the network’s
installation will make about 10 million dollars.

In response to questions of NT correspondent, A. Kablanian said iCON
Communications will use international channels of ArmenTel and Fibernet
as an international access communication line. According to him,
the prices of iCON Communications’ services will be announced after
some additional studies necessary for the determination of the speed
of services to be included in various packages. The company envisages
having 10 thousand users at the end of the first year after starting
the provision of Internet access services. It intends to operate for
all groups of users, also rendering Internet access services by a
prepayment/limitless use scheme and for resale.

Studies conducted by iCON Communications show that although the number
of Internet users in Armenia grew in 2007 by 909% as compared with
2003 and made 172.8 thousand users, the index of users per capita
makes 5.8%, whereas the same index makes 9.8% in Azerbaijan, 7.8%
in Georgia and 21.9% worldwide.

According to the studies, 80% of about 700 private users surveyed use
a dial-up connection when receiving Internet services. 50% of them
use the Internet every day, 60% – at home, 16% – at work, another 16%
– at Internet clubs. They would like the speed of Internet access
services to increase, while connection interruptions and prices
to decline. 24% of about 200 corporate users of the Internet said
that the availability of a second (independent) Internet connection
line is preferable for their organization, while 46% considered it
necessary. The share of organizations having a reserve connection line
does not exceed 30%. Corporate users expect positive changes related
to Internet speed, interruptions of the connection, and prices. In
the opinion of 41% of corporate users, today the prices are not in
line with the quality of services provided.

Azerbaijan: Army Hazing Scandal

AZERBAIJAN: ARMY HAZING SCANDAL

Human Rights Tribune
24 October 08
Switzerland

Violence in the Azerbaijani army, from a video posted on You Tube

– Two video-clips posted on the Internet showing brutality in the
ranks of the Azerbaijani army have fueled allegations that hazing is
rife, despite unprecedented increases on spending on the military in
recent years.

Jasur Sumerenli*/IWPR, Baku – Azerbaijani prosecutors have made
arrests and launched an enquiry after two video clips were posted on
Internet showing brutality in the army. They initially denied that
the clips were authentic. In one of the videos, recorded on a mobile
phone, a soldier who has completed most of his military service –
still known in Azerbaijan by the Russian word "dembel" – forces five
younger conscripts into a contest in which they are forced to beat
each other in pairs.

The video shows how one soldier has lost his hearing because of a sharp
blow and is clutching his ears with pain on his face, while another
has a big bruise on his face. The dembel watches them, laughing. The
soldiers’ clothing suggests that all this is happening in a military
hospital or in the medical facility of a military unit.

An earlier clip posted on YouTube on October 4 shows two dembels
savagely beating 20 or 25 new recruits lined up in front of their
beds in a barracks. The clip caused outrage and angry reactions in
the Azerbaijani press.

The security agencies and military prosecutors began to investigate
the incident and it was revealed that the clip had been filmed in
an interior ministry forces unit in the Hajigabul region. This was
confirmed to IWPR by the interior ministry press office.

The press office said that the soldiers who were beaten up had been
called up in July this year. Two sergeants, Vugar Agayev and Eldaniz
Ragimov, who allegedly carried out the beatings have been arrested
and are now in Baili prison in Baku. The commander of the unit,
lieutenant-colonel Gamlet Gurbanov and his deputy responsible for
education, Beiler Eminov, have been reprimanded and relieved of
their posts.

The military prosecutor’s office has also opened a criminal case into
the staged fights recorded on the other clip. It said one person had
been arrested and an investigation was underway.

Before this scandal broke, the security structures had consistently
denied that hazing was a problem in the Azerbaijani armed forces. When
the first film appeared on the Internet, defence ministry spokesman
Eldar Sabirogly said it was a fabrication and a "provocation".

Yet independent research suggests that these kinds of incidents are
actually on the rise. According to a study conducted by the military
think-tank Doktrina in the first nine months of 2008, around 50
military servicemen died in Azerbaijan, with 35 of those deaths
occurring off the battlefield. The centre says that the number of
suicides and irregular deaths is greater than last year – and this
at a time when the military budget has been increasing by more than
50 per cent a year and now stands at over one billion dollars.

Military analyst Uzeir Jafarov says that there are three main reasons
why hazing is rife in the army.

"The first reason is that the conscription age has been raised to
35," he said. "People with such a big age gap between them are very
different both physically and in their outlook. And that leads to
illegal actions by the strong over the weak. A 35-year-old draftee
instantly becomes a figure of authority in a military unit."

The second reason, he said, was that there is no protection of the
rights of soldiers written into military legal documents. He also
blamed the poor food conscripts are given. "Soldiers often resort to
breaking the law because they are so badly fed," he said.

Another military expert, retired colonel Ildyrym Mamedov said that
the Azerbaijani army had inherited hazing from Soviet times.

"This problem was here before – it is now and it will continue to
exist," said Mamedov, who said that the army was still working "under
the laws of the old Soviet Union".

"There is a double centre of power in the Azerbaijan army nowadays," he
said. "Everyone knows that our country when it became a member of the
Council of Europe took on obligations with regard to human rights. And
Azerbaijan also signed international human rights conventions. But
today despite all the international conventions, commanders in the army
have the right to detain servicemen subordinate to them for ten days."

The Public Union of Officers, which comprises officers who are in
reserve or retirement, has also issued a report which is strongly
critical of hazing and corruption in the army and an official failure
to combat them.

The head of the organisation, Yashar Jafarli, said that in the past
five years more soldiers had died as a result of irregular behaviour
in the army than on the ceasefire line near Nagorny Karabakh that
divides Armenian and Azerbaijani forces.

"In the last few years, cases of suicide in the army have sharply
increased," said Jafarli. "It is quite possible that hazing is at the
root of this. The reasons for the absolute majority of suicides that
take place in the army since the truce [over Nagorny Karabakh in 1994]
are unknown. But we can suppose that in most cases soldiers are pushed
to suicide by the men they are serving with."

Jafarli said that there was evidence that hazing had "national
characteristics", in other words being linked to discrimination
against different ethnic groups.

The military prosecutor’s office says that a series of meetings will
be held to discuss the state of the army and that the procedures
whereby servicemen could lodge complaints would be simplified.

For the past few years, the telephone numbers of military prosecutors
have been hung on the walls of most military units. Every soldier
has been told that if he complains about a problem, it will be
investigated. But soldiers have been afraid to do so. The new proposal
is for soldiers to be able to lodge their complaints anonymously.

*Jasur Sumerenli is editor-in-chief of the military website,
, and a military observer with the Aina and Zerkalo
newspapers in Baku.

www.milaz.info

Armen Ashotyan Concerned With Armenian-Russian Humanitarian Block

ARMEN ASHOTYAN CONCERNED WITH ARMENIAN-RUSSIAN HUMANITARIAN BLOCK

Panorama.am
19:55 23/10/2008

The foreign political agendas of Armenia and Russia mostly
coincide with each other, said Deputy Armen Ashotyan in a TV Bridge
today. Russian experts have also shared his opinion. Konstantin
Zatulin, the Deputy of State Duma of Russia agreed that Armenian and
Russian interests in many regional, international questions coincide,
besides the sides have common doings to meet Nagorno Karabakh conflict.

Note that A. Ashotyan, K. Zatulin, Alexander Iskandaryan, the director
of Mass Media Caucasus Institute, professor Vladimir Zakharov of
Moscow International Relations State University were taking part in
Yerevan-Moscow TV Bridge. The discussion covered the visit of the
President of Russian Federation Dmitry Medvedev to Armenia.

No Threats To The Cooperation

NO THREATS TO THE COOPERATION
Vardan Grigoryan

Hayots Ashkhar Daily
23 Oct 2008
Armenia

Russian President D. Medvedev’s two-day visit to Yerevan became the
successive manifestation of the Armenian-Russian leaders’ sincere
willingness of maintaining and extending the serious achievements in
both countries’ relations.

It is well-known that beginning the early 1990’s, the steady
progressive development of the Armenian-Russian relations continued,
irrespective of the shift of government in both states. Moreover,
the top figures of the two countries always played an important
role in the extension of those relations. Therefore, with the new
negotiations, Russian and Armenian new Presidents D. Medvedev and
S. Sargsyan reiterated their willingness to consistently extend the
Armenian-Russian ties, having inherited the rich traditions of the
mutual cooperation between the two states.

This is a strictly important and fundamental issue because before the
Russian President’s recent visit so many contradictory and conflicting
opinions were expressed in our reality in this connection that the
uninformed people were already under the impression that there had
started a deep crisis in the Armenian-Russian relations.

The most important result, as mentioned by the Russian President after
the talks, was "the mutual desire to develop the strategic partnership"
between Armenia and Russia.

And the evidence of such summary conclusion was the thorough discussion
of the whole palette of the bilateral relations. The Russian side
expressed special satisfaction with the strictly effective cooperation
between the two countries within the frameworks of the CIS and its
Collective Security Treaty and underlined Moscow’s serious willingness
to further extend such cooperation, especially in the frames of the
Collective Security Treaty Organization.

The next important issue discussed during the negotiations concerned
the further extension of the economic cooperation. The continuous
comparisons of the volumes of the Armenian-Russian political-military
cooperation have already led to a situation in which the Russian
investments and even the bilateral good circulation has surpassed or
come close to the boundary of one billion dollars, which is quite an
impressive sum for a small country like Armenia.

The broad cooperation between the two countries in the spheres of
education and culture is also obvious. In this respect, the Armenian
President attached a special importance to the activity of the
Armenian-Russian (Slavonic) University and the transmission of the
Russian "Kultura" (culture) TV Channel in Armenia.

During the talks held in Yerevan, both countries’ Presidents had
a thorough discussion over the various aspects of the situation
in the South Caucasus following the recent Russian-Georgian armed
conflict and, in that context, paid attention to the prospects of
the settlement of Karabakh issue. Undoubtedly, the chief intrigue of
the negotiations and the main motive of looking for a "black cat" in
the Armenian-Russian bilateral relations were "hidden" here. However,
what we heard from the Presidents was just two fundamental conclusions
and one proposal.

The first was the Armenian President’s special willingness to proceed
with the talks in the frameworks of the OSCE Minsk Group (based on
the Madrid principles) and the second was the RF President’s proposal
addressed to the Armenian and Azeri Presidents for organizing a
trilateral meeting in Moscow. A question arises as to what happened to
the ominous predictions heard in our reality prior to the talks. We
believe the issue should be touched upon by the authors of such
predictions. First of all, we mean L. Ter-Petrosyan.

The fact that Armenia attaches importance to the issue of proceeding
with the talks in the frameworks of the OSCE Minsk Group testifies
to our country’s unwillingness to make unilateral concessions to
Azerbaijan. As to Russia’s current initiative, it is also advantageous
to Armenia, first of all as a counterbalance to the trilateral meeting
recently organized by Turkey with the involvement of the Azeri,
Turkish and Armenian Foreign Ministers.

All the rest are simple fairytales and ordinary gossips that have
emerged for a very simple reason. The real "battle" over the Karabakh
issue is, as a matter of fact, taking place between Russia and the
United States vs. Armenia and Azerbaijan. Each side is trying to
impose its separate formula upon the parties. This increases Armenia
and Azerbaijan’s chances of making maneuvers between them because the
Minsk Group never coordinates everything in advance. What happens
is just the contrary: two of its key members simply "torpedo" each
another’s initiatives.

Therefore, there is no threat to the Armenian-Russian strategic
cooperation.

As to the Karabakh issue, a lot of things are expected to happen in
that regard.

The Ubyssey Marks A Checkered Past

THE UBYSSEY MARKS A CHECKERED PAST
Tom Hawthorn, [email protected]

Globe and Mail
October 22, 2008
Canada

Often criticized yet much admired, university newspaper celebrates
90 years of publication

VICTORIA — Any newspaper celebrating a birthday these days is cause
for celebration, even if the survivor is a "vile rag."

The Ubyssey student newspaper is 90 – "old enough to be John McCain’s
dad," as the paper noted in an editorial – but behaves like a cheeky
twentysomething.

For nine decades, the paper has upset, outraged, infuriated and,
on occasion, amused.

So much for the staff. Who knows what the readers have made of it?

To mark the occasion, a few dozen stalwarts gathered at a modest
party on the campus of the University of British Columbia in Vancouver
on the weekend. Cake was served. A Queen tribute band performed the
group’s bombastic songs, which means cheese was also on the menu.

Kellan Higgins, the 23-year-old co-ordinating editor, offered guests
a tour of the newsroom in the Student Union Building. In the old days,
the paper’s offices were located in a corner office on the top floor,
where the walls were papered with faded political posters. In the old,
old days, pubsters, as they were called, produced the rag from the
basement of Brock Hall.

As though suffering from the subterranean homesick blues, the
newspaper’s quarters are once again below ground in a windowless room.

"It’s depressing, because there’s no light," Mr. Higgins complains.

The proximity to the campus pub known as the Pit is offset by the
proximity to a campus pub that is known as a pit.

The Ubyssey missed a year of publication before being revived in a
referendum as an independent business funded by students. Eviction
followed autonomy.

The weekend party honoured 15 years of editorial freedom instead
of celebrating the paper’s rich history. Imagine the documentary
series Canada: A People’s History beginning with the patriation of
the Constitution in 1982, or the Bible opening not with Genesis but
the Resurrection. Backstory matters.

The 13 paid staff and 40 volunteers who produce the 24,000-circulation
tabloid twice weekly have little time to contemplate what came before.

"The newspaper’s very ‘now,’ " the editor said. "We’re doing this now."

Not that all are ignorant of the history.

"We have bound volumes going back to the sixties," he said,
emphasizing the decade as might an archaeologist speaking of the
Mesozoic era. "It’s cool looking through them."

The Ubyssey was Maoist in the late 1960s and Groucho Marxist in
its best years. Times have changed. The newspaper praised Stephen
Harper before endorsing Stephane Dion in the recent federal election,
a shocking display of responsibility.

For generations, the newspaper was a playground for students seeking
adventure. The Ubyssey produced poets (Earle Birney) and pundits
(Marcus Gee, Vaughn Palmer) and authors (Pierre Berton, Allan
Fotheringham) and radio hosts (Lister Sinclair, Norman DePoe) and
television reporters (Hilary Brown, Morley Safer, Joe Schlesinger)
and judges (Les Bewley, Nathan Nemetz) and senators (Pat Carney,
Ray Perrault) and a prime minister (John [Chick] Turner) and more
than a few dipsomaniacal newsroom hacks (guilty as charged).

It has less of a sterling record when it comes to producing academics,
a notable exception being former arts dean Patricia Marchak.

The inaugural edition rolled off the presses on Oct. 17, 1918. The
banner headline read, FRESHMAN RECEPTION. Other stories included the
summertime drowning of a popular student. The Ubyssey had a military
editor – the Armistice halting the Great War would not be reached
for another 25 days.

An editorial declared "the main aim of the paper is to print the news
while it is ‘hot.’ " For many years, the old papers were available
only in dusty bound volumes in the stacks of the campus library, or
on microfilm at such institutions as the National Library of Canada
in Ottawa.

Four years ago, the university library began a project of digitizing
the pages of the student newspaper. More than 37,000 pages were
scanned and made available online.

A reader can find much to admire in the pages. In the early days, the
Ubyssey argued for the hiring of a dean of women, supported the demands
for the building of a campus at Point Grey, and crusaded against the
brutality of fraternity hazing, which was banned on campus in 1924.

The newspaper defended the right of Canadian-born students of Japanese
descent to continue their studies after the bombing of Pearl Harbor.

In the 1950s, Mr. Fotheringham exposed the racist policies of some
fraternities. Keith Bradbury exposed the activities of the RCMP on
campus in the early 1960s.

While the commercial press timidly obeyed the dictates of Ottawa
during the October Crisis of 1970, the Ubyssey staff and other student
journalists risked arrest by publishing fuller accounts of events
in Quebec.

Irreverent by nature and often puerile in practice, the Ubyssey
was known for an annual hoax story (a classic being a Patty Hearst
sighting on campus in 1974), as well as a goon issue in which popular
magazines were parodied as Maclown’s, Torts Illustrated, Rolling
Clone and Scientific Armenian.

The newspaper generated much criticism. A letter writer in 1920 called
the Ubyssey "a glorified gutter newspaper." Crusty, upcountry newspaper
editor Margaret (Ma) Murray declared the paper "a filthy rag" in the
1960s when it published four photographs from Playboy magazine deemed
obscene by the local constabulary. She demanded it be closed down
"fer damshur."

Mr. Bewley, a jurist and former staffer, suggested the paper be
"drenched in Lysol." The most cutting criticism came courtesy of
humorist and former staffer Hymie Koshevoy, who once pronounced it
"drab."

It was back in 1955 when Rev. E.C. Pappert flipped through a copy
of the Ubyssey before declaring it to be "the vilest rag you can
imagine." The clergyman’s critique delighted the staff, which has
used the slur as a recruitment come-on to this very day.

Estimate Medical Employees’ Work Demanding Qualitative Care

Estimate Medical Employees’ Work Demanding Qualitative Care

NKR Government Information and Public Relations Department
October 21, 2008

Today, the NKR Prime Minister Ara Haroutyunyan has met with responsible
personnel of the health care sphere of the Republic. The Prime Minister
declared that it is foreseen to increase financial allotments to
the sphere from the NKR State Budget 2009 by 400 mln drams, which
will be completely aimed at increase of the salaries of the sphere’s
employees salaries on average 30 percent. The aim of the meeting was
to hear out opinions and proposals of the participants according to
whose calculations the Government will adopt appropriate resolution.

Before exchange of views, the Prime Minister A.Haroutyunyan has
attracted the meeting participants’ attention at a number of important
facts and occurrences. As a whole, he has considered the proceeding
of the reforms in the sphere unsatisfactory. The circumstance of
death-rate increase in the Republic, when in Karabakh considerably more
state financing per a person than in Armenia and numerous European
countries is carried out, arises particular anxiety. According
to the Premier’s words, for the population’s health protection and
rehabilitation it is necessary to have a complex programme and to make
it a reality. "The Government continues to invest more means into the
sphere, but there no desirable results up today"- A.Haroutyunyan
noted. He has attached importance to parallel increase of the
sphere’s financing and the efficiency of the reforms conducted. Both
the Government and the population must be satisfied with the work of
the system, he emphasized. For realization of new purposeful policy
in the sphere of health care A.Haroutyunyan has assigned the leaders
of the system with a task to create a working group and to draft a
new programme for the sphere’s development on the basis of studies
and proposals.Priority will be given to increase of the health care
services and exclusion of negative occurrences.

A number of heads of the sphere’s establishments present at the
meeting spoke with their proposals and considerations.

The NKR Minister of Finance S.Tevosyan and the Minister of Health
Care A.Khachatryan were present during exchange of views.

Citizens Get Water Once A Week

CITIZENS GET WATER ONCE A WEEK

A1+
[12:34 pm] 22 October, 2008

It is already a month citizens of Noyemberian get drinking water once
a week. The city gets water from a 58-km-long water-pipe drifting
from Mount Gidzsar. Since it hasn’t rained for months the amount of
water has considerably lessened.

The problem became so urgent that it was even shifted to the
political domain and gave rise to heated debates on the eve of local
elections. The two main candidates running for the mayor had promised
to tackle the issue though it was beyond a mayor’s jurisdiction.

Global Financial Crisis "Could Hurt Armenia"

GLOBAL FINANCIAL CRISIS "COULD HURT ARMENIA"

AZG Armenian Daily
18/10/2008

Armenia – Global Financial Crisis

The deepening global financial crisis poses no immediate threat to
Armenia’s banking sector but could potentially hold back its economic
growth, Prime Minister Tigran Sarkisian said on Thursday, according to
"Azatutyun" radio-station. Sarkisian argued that Armenian banks and
other finance institutions have sufficient liquidity to weather the
storm sending shockwaves through the world markets. "In that sense,
the reliability of our financial sector is extremely high and gives us
no reason to worry," he told a news conference. Sarkisian cautioned
at the same time that the crisis could ultimately hurt the Armenian
economy if it continues to deepen in the European Union and especially
Russia, Armenia’s main trading partners. A recession in Russia "could
immediately affect us" by slashing multimillion-dollar remittances
sent home by hundreds of thousands of Armenians working there, said
the former longtime governor of the Armenian Central Bank. According
to Sarkisian, the Armenian government believes the best way to reduce
the country’s dependence on the cash transfers is to "drastically
increase" lending to small and medium-sized businesses. "We have
a relevant understanding with the World Bank and need to attract
additional resources to neutralize possible negative effects," he
said without going into details.

Premier: Armenia’s Inflation Lowest In CIS

PREMIER: ARMENIA’S INFLATION LOWEST IN CIS

ARKA
Oct 16, 2008

YEREVAN, October 16. /ARKA/. Armenia recorded the lowest inflation
rate in Commonwealth of Independent States, despite the rate was higher
than planned, Armenian Prime Minister Tigran Sargsyan said on Thursday.

He said that no price decrease is expected in the fourth quarter,
since this is a season process.

"This season nature is due to the circumstance that trading is mostly
being carried out in this very period, and we have never managed to
overcome this tendency", he said.

Inflation rate in Armenia is planned at 4 (±1.5%) percent in the
2008 state budget.

In September, compared with December of 2007, 1.2% inflation was
recorded.

According to Armenian Central Bank’s latest forecast, 12-month
inflation in Armenia will be at 5.8% in the 4th Q 2008 and 3.5%
in the 3rd Q 2009.

In its forecast and monetary and credit policy for the 4th Q 2008,
the Central Bank says that bakery products are likely to go 20%
down, if things run as expected. This will lower inflation rate by
3 percentage points.

Besides, the Central Bank has taken into account gradually weakening
secondary impact from the outside on food inflation.

–Boundary_(ID_0gjeUQQ/vd5j50rvhfl5vg) —