Monetary Base Grows by 7.8%, Broad Money – by 8.6% in November 2007

MONETARY BASE GROWS BY 7.8%, BROAD MONEY – BY 8.6% IN ARMENIA IN
NOVEMBER 2007

YEREVAN, DECEMBER 28, NOYAN TAPAN. The monetary base made 374 bln 63
mln drams (over 1 bln 225 mln USD) as of November 30, 2007, growing by
27 bln 201 mln drams or 7.8% on the previous month.

According to data submitted by the Central Bank of Armenia (CBA) to the
RA National Statsitical Service, the broad money amounted to 651 bln
634 mln drams as of November 30, 2007, growing by 51 bln 478 mln drams
or 8.6% on the previous month.

The balance of the population’s deposits with banks made 162 bln 526
mln drams as of November 30, 2007, growing by 224 mln drams or 0.1% on
the previous month and by 51 bln 980 mln drams or 47% on the same day
of last year.

Disappointment

A1+

DISAPPOINTMENT
[07:45 pm] 25 December, 2007

The representative of the RA Government was harsh and
rude during the meeting with the former employees of
`Hydroaparat’ OLC and did not respond to their
properly. The employees demanded meeting with the RA
Prime Minister Serge Sargsyan during their last
demonstration.

We should remind, that they demand their 35 percent
share from the current owners of `Hydroaparat’. The
owners of the factory not only refuse to pay the
employees, they even threaten and frighten them.

Disappointed in the Government’s treatment, employees
of `Hydroaparat’ have decided to organize another
protest action before the New Year. `They did not do
anything. They told us that we could not meet the
Prime Minister. We will fight until Serge Sargsyan
receives us’, said Shusan, one of the employees of the
factory to `A1+’.

According to her, the Government only promised to task
corresponding bodies to solve their problems. `We do
not trust in the Government’s promises. We apply for
the second time, but they do not reply, we see no
progress’, said Mrs Shushan annoyed.

BAKU: Rauf Radjabov: "Armenians Have Done Everything Possible To Set

RAUF RADJABOV: "ARMENIANS HAVE DONE EVERYTHING POSSIBLE TO SET UP THE EVENT "A STEP TO DIALOGUE" FOR "THE DAYS OF AZERBAIJAN" IN ARMENIA"

Today, Azerbaijan
Dec 24 2007

Armenians have done everything possible to set up the event "A Step
to Dialogue" for "The Days of Azerbaijan" in Armenia, as stated by
military expert Rauf Radjabov during his interview to Day.Az.

He said commenting on his visit to Armenia, that the agenda of the
visit did not include any days of Azerbaijan.

According to the invitation, he received, Armenians were going to hold
an event, called "A Step to Dialogue" which envisioned conduction of
"The Days of Azerbaijan" in Armenia.

After Radjabov’s refusal to participate in the "Days of Azerbaijan"
in Armenia, he received a letter from organizers of the event, which
read that the "Days of Azerbaijan" in Armenia were withdrawn from
the agenda.

However, the organizers did not redeemed their words and the program "A
Step to Dialogue" transformed into "The Days of Azerbaijan" in Armenia.

Moreover, Armenians ignored Radjabov’s statements about the banal
mendacity of the event organizers.

According to Radjabov, Armenian mass media representatives were not
able to highlight the visit correctly and could not help vituperating
against the visitors.

Armenia Has No Intention To Process Uranium On Its Territory

ARMENIA HAS NO INTENTION TO PROCESS URANIUM ON ITS TERRITORY

ARKA News Agency, Armenia
Dec 24 2007

YEREVAN, December 24. /ARKA/. Armenia has no intention to process
uranium on its territory, Armenia’s Minister of Energy Armen Movsisian
told journalists.

"A small country like Armenia should not have both nuclear power plant
and uranium processing enterprise at the same time," the Minister said.

He pointed out the impossibility to assess and establish means of
processing of uranic ore right now as Armenia will have an opportunity
to extract it only in a year the earliest.

According to the Minister, Armenia needs some 2-5 years to carry
out the required studies and clarify the processing matter. He also
pointed out that Armenia’s uranium resources are not quite extensive
to process it on the spot due to the high costs of processing.

Besides, it might take on a serious political context, he said.

"Angarsk is the best place for processing uranium with an outlook to
use it in atomic energy; Russia and Kazakhstan have already established
a consortium there," the Minister said.

Earlier Armenia said that it has no intention to enrich uranium on
its territory and plans to join the International Centre for Uranium
Enrichment in the city of Angarsk (Irkutsk region of Russia). In that
case Armenia will have access to the overall technological chain,
including the extraction, enrichment and utilization of the nuclear
fuel in the Armenian NPP.

The International Centre for Uranium Enrichment was founded on
the basis of "Angarsk Electrolyse Chemical Plant" by the Russian
Tekhsnabexport and Kazakhstani NAK Kazatomprom in October 2006. In
the coming months, Russia and the International Atomic Energy Agency
(IAEA) are to sign an agreement on establishing a nuclear fuel reserve
in the international centre in Angarsk.

Work Of 94 Billion 773 Million Drams Done By Yerevan Mayor’s Office

WORK OF 94 BILLION 773 MILLION DRAMS DONE BY YEREVAN MAYOR’S OFFICE IN 2007

Noyan Tapan
Dec 24 2007

YEREVAN, DECEMBER 24, NOYAN TAPAN. This year Yerevan mayor’s office
has completed the city socioeconomic development programs approved
by the Armenian government in 2003, the mayor of Yerevan Yervand
Zakharian stated at the December 24 press conference.

According to him, in 2007, the mayor’s office implemented work of 94
bln 773 mln drams. Out of the indicated amount, work of 76.6 bln drams
was done with state budgetary resources, work of 6 bln 400 mln drams –
with community budgets’ resources, while the rest was financed from
other sources.

Architectural and urban development work of 11 bln 436 mln drams
was implemented by the mayor’s office. In particular, the zoning
projects of Yerevan’s Arabkir, Ajapniak, Davitashen and Nork-Marash
communities, as well as the development designs of the areas adjacent
to the roads of republican importance that link Yerevan to nearby
marzes were prepared. Y. Zakharian stated that the zoning projects
of the other communities of Yerevan will be ready in 2008-2009.

Work of 19 bln 459 mln drams was done in the capital city in the
construction, improvement and municipal economy sectors. In particular,
reinforcement of 8 3rd-degree accident-prone apartment buildings was
carried out, as well as 4 apartment buildings were constructed and
put into operation as housing compensation for residents of 4th-degree
accident-prone buildings. The mayor said that in 2008 it is envisaged
constructing another two buildings which will be provided to residents
of 4th-degree accident-prone buildings.

In the words of the mayor, improvement work of Sebastia and
Leningradian Streets was completed this year. The overpass built at
the crossraods of Marshal Baghramian, Kasian and Kievian Streets,
as well as the motor transport tunnel built at the crossroads of
Baghramian and Orbeli Streets will be put into operation soon. The
crossroads of Vardanants and Khanjian Streets, as well as Tigran the
Great Street will be fully open to traffic by December 31.

Y. Zakharian stated that construction of the transport subway at
the crossroads of Khanjian and Tigran the Great Streets and of the
transport node of Heratsi – Koryun – Nalbandian – Charents Streets
will be completed next year.

It was stated that in 2007, 7 pedestrian crossings and one pedestrian
subway were built in Yerevan, work on exterior lighting of 78
streets was done, and a new irrigation network was built in Shengavit
community. According to the mayor, it is envisaged constructing new
irrigation networks in several other communities of the city so that
by 2020, the green areas per a resident will make 16 square meters
instead of current 6.2 square meters.

Armenian GDP Grows By 13.6% In Eleven Months Of 2007

ARMENIAN GDP GROWS BY 13.6% IN ELEVEN MONTHS OF 2007

Noyan Tapan
Dec 24 2007

YEREVAN, DECEMBER 24, NOYAN TAPAN. Armenian GDP grew by 13.6% in
January-November 2007 on the same period of 2006 and made 2 trillion
711 billion 420.7 million drams (over 7 bln 847.1 mln USD). The GDP
index-elfalyor made 104.4%.

According to the RA National Statistical Service, industrial production
grew by 2.7% in January-November 2007 on the same months of 2006 and
made 644 bln 815.6 mln drams. Industrial production without diamond
production grew by 9,1% and made 640 bln 274.6 mln drams.

The gross agricultural ouptut increased by 9.6% to 577 bln 596.6
mln drams, construction – by 19% to 565 bln 279.5 mln drams, retail
trade – by 8.9% to 764 bln 277.8 mln drams, while services – by 20.8%
to 485 bln 677.4 mln drams.

The foreign trade of Armenia grew by 39.1% in January-November 2007
on the same period of last year and made 3 bln 932.5 mln USD, with
exports growing by 21.1% to 1 bln 64 mln USD, while imports – by 47.2%
to 2 bln 871 mln USD.

The foreign trade turnover without diamond trade grew by 50.7% to 3
bln 629.8 mln USD, exports – by 35.8% to 910.2 mln USD, while imports –
by 56.4% to 2 bln 719.7 mln USD.

Consumer prices rose by 4.2% in January-November 2007 on the same
period of 2006, whereas industrial production prices remained
unchanged.

The monetary incomes of the population grew by 24.7% in the first
eleven months of 2007 on the same period of 2006 and made 1 trillion
772 billion 595.2 million drams, while monetary expenditures grew
by 21.1% to 1 trillion 673 billion 310.2 million drams. The average
monthly nominal salary made 82.093 thousand drams (20.5% growth),
including the salary of employees of budgetary institutions – 55.064
thousand drams (20.1% growth) and that of employees of non-budgetary
institutions – 105.252 thousand drams (19.5% growth). The average
exchange rate of a US dollar made 345.53 drams in January-November
2007 and 416.04 drams in the year 2006.

The number of the officially regastered unemployed made 75.9 thousand
in Armenia at the end of November 2007, declining by 10.1% as compared
with the respective index of last year.

BAKU: Azerbaijan To Continue Measures To Settle Armenian-Azerbaijani

AZERBAIJAN TO CONTINUE MEASURES TO SETTLE ARMENIAN-AZERBAIJANI CONFLICT OVER NAGORNO-KARABAKH IN 2008 – AZERBAIJANI FOREIGN MINISTRY’S PRESS-SECRETARY

Trend News Agency, Azerbaijan
Dec 24 2007

Azerbaijan, Baku / Trend corr. S.Agayeva / The Azerbaijan
Government will continue to take measures for the settlement of
the Armenian-Azerbaijan conflict over Nagorno-Karabakh in 2008. "We
believe that the chances for the peaceful settlement of the conflict
have not exhausted," stated Khazar Ibrahim, the Foreign Ministry’s
press-secretary at the press-conference.

"We cannot say that no success was achieved on the issue in
2007. In 2007, Azerbaijan managed to strengthen its position in the
international arena," he stated.

During 2007,one meeting by Presidents, four meetings by Foreign
Ministers of the both countries, as well as a range of meetings with
OSCE Minsk Group co-chairs, were held.

The Inclusion of the frozen conflicts among the GUAM member-countries
issues to the UN General Assembly’s agenda, is one of the relevant
achievements of Azerbaijan. Azerbaijan intends to continue to take
measures to pass a special resolution to the UN about the frozen
conflicts in GUAM member-countries.

The conflict between the two countries of the South Caucasus began in
1988 due to the Armenian territorial claims against Azerbaijan. Since
1992, the Armenian Armed Forces have occupied 20% of Azerbaijan
including the Nagorno-Karabakh region and its seven neighboring
districts. In 1994, Azerbaijan and Armenia signed a ceasefire agreement
which ended the active hostilities. The Co-Chairs of the OSCE Minsk
Group (Russia, France, and the US) are currently holding the peaceful
negotiations.

AM: FroO Go, All Ye Faithful, From Bethlehem

O GO, ALL YE FAITHFUL, FROM BETHLEHEM
Matthew Fisher

The Halifax Daily News
CanWest News Service
Dec 23 2007
Nova Scotia, Canada

The pilgrims are returning, but Palestinian Christians are abandoning
the birthplace of Christ

The Holy Land is preparing to celebrate Christmas by hosting the
greatest number of Christian pilgrims since the Second Intifada broke
out seven years ago.

As many as 60,000 pilgrims are on their way to celebrate Christ’s
birth, according to Israel’s tourism ministry.

However, with relations between Israel and Palestinians always
strained, it was difficult to find much evidence of holiday cheer
in Bethlehem this week, except for the religious souvenirs and Santa
Claus knick knacks crowding shop windows near Manger Square, where a
pine tree festooned with red and gold balls looked down on the Church
of Nativity, built in the ninth century atop the spot where it was
said that Jesus was born.

To ease the travellers’ passage and, in the words of a senior
bureaucrat, "to make it as profound an experience as possible," the
Israeli government had made special arrangements with its security
forces and the Palestinian Authority to speed them through a checkpoint
at an opening in the tall concrete barrier that now surrounds much
of Bethlehem, separating it from nearby Jewish settlements in the
West Bank and from Jerusalem, which is about 10 kilometres away.

Special exit permits have also been granted that will allow about 8,000
of the 30,000 Palestinian Christians in the Bethlehem area to travel
to Jerusalem to worship or visit relatives during the Christmas season.

"We believe that the pilgrims are a bridge of peace between us and
the Palestinians," said Rafael Ben-Hur, deputy director general of
Israel’s tourism ministry. "We can say that we’re getting back to
the number of Christians that came here before 2000 and we can say
that there is an atmosphere of peace."

Miserable lives

"Aside from a few nice lights around the Church of the Nativity, it
doesn’t feel like Christmas at all," complained 20-year-old Khoulad
Awad, a Roman Catholic who studies hotel management at Bethlehem
University. "Our lives are so miserable. There is no reason for us
to be happy now."

Awad and her classmate and best friend, Abir Mukkaker, said that
the moment they could find a Western country willing to accept them
as immigrants, they would leave Bethlehem forever, joining a long
and accelerating exodus from the Holy Land that made Mukkaker think
"that in a few years, the Christians will all be gone."

Arab Christians, who belong to a dozen or more different churches
that often quarrel among themselves, have been leaving the Middle
East in large numbers since the 19th century, but the numbers have
accelerated in recent years.

About 20 years ago, there were still about 50,000 Christians in
Jerusalem and the West Bank; today, there are about 40,000, with most
of them in and near Bethlehem, according to Uwe Grabe, a Lutheran
pastor who leads the German-speaking congregation at the Christ the
Redeemer Church in Jerusalem.

Christ’s birthplace, which still had a Christian majority a few
decades ago, but where Christians now represent about 20 per cent
of the population, had lost 5,000 to Europe and North America in the
past few years.

The explanation often cited by the Israeli media and officials for
the flight of Palestinian Christians has been that they lived in fear
of their Muslim cousins. As so often is the case in the Middle East,
many Palestinians had a different view.

"Our relations with the Muslims is not really the problem," said
George Abdo, a social worker with the Shepherd Society. "It is the
occupation and all that it produces – the economic, social, medical
and educational hardships."

The main reasons for the exodus of Christians from Bethlehem
mentioned by those Christians who have remained was closures, curfews,
checkpoints and the barrier that Israel has erected around most of
the city and across much of the West Bank to prevent terrorists from
entering any of the largest Jewish settlements there or reaching
Israel.

"I don’t think the wall was designed to harm Christians, but it has
cut the Christians of Bethlehem off from Jerusalem, which they were
very connected to through their schools and their patriarchates,"
said Salim Menayer, a Palestinian Christian of Israeli nationality who
is dean of academics at the Bethlehem Bible College. "This has been
part of an Israeli drive to achieve a Jewish majority in Jerusalem
and maintain Jewish control there.

"When Israelis say that Christians leave because of Muslim pressure,
it is not the major factor; however there is some truth to that, too.

There is a lack of order and a weak central government in the
territories, while at the same time there has been a rise of Islamic
parties across the Arab world who have the perception that Christians
elsewhere have taken Israel’s side in the conflict. Islamic parties say
that Islam is the solution, and this has marginalized Christian Arabs."

Uwe Grabe, the Lutheran minister, agreed that there were competing
ideological answers for the departure of Christians from the Holy
Land. One held that it was entirely the fault of the "pressure cooker"
created by the Israeli occupation.

The other held that this was a part of a clash of civilizations
between Muslims and the Christian West and that Muslim violence
towards Christians that has occurred from time to time in the West
Bank, and Gaza was proof of that.

Broken economy

A huge contributing factor was that the Palestinian economy was feeble
and some people "will always emigrate when living conditions are
better somewhere else," Grabe said. "Palestinian Christian private
schools are a recipe for emigration. It can empower them to build
their society here, but others use it to emigrate."

One of those hoping to leave is Ruben Kahvedjian. The 29-year-old
accountant applied for a green card earlier this month at the
U.S. Consulate in Jerusalem.

"It is a Tom and Jerry situation where each side blames the other
for Christians leaving," said Kahvedjian, who grew up in the Armenian
Quarter of Jerusalem’s Old City.

"Christians are squeezed from both sides. As much as we are part
of Palestinian culture, and while they will back always back us in
a dispute with someone who is Jewish, if the dispute is between a
Muslim and Christian, they will support the Muslim."

The return of Christian pilgrims for Christmas this year has given
George Abdo a slight hope that the Palestinian Christian community
in Bethlehem might still have a chance to survive.

"Tourism is our main source of income and even in the past two months,
we have really seen the economic situation improve," he said.

"Having a lot of Christians here for Christmas means that they think
that Bethlehem is once again safe for them. Everything for Christians
who still remain here depends on peace. The only way to guarantee a
Christian future in the Holy Land is if peace can somehow take hold
in the next five years."

Parties and NGOs Supporting Levon Ter-Petrosian Restate Position

POLITICAL PARTIES AND NGOs SUPPORTING LEVON TER-PETROSIAN RESTATE THEIR
POSITION

YEREVAN, DECEMBER 22, NOYAN TAPAN. During the December 22 republican
congress of forces supportig the first Armenian president Levon
Ter-Petrosian, 17 political parties and over 10 NGOs restated their
position to back the candidature of Levon Ter-Petrosian at the upcoming
presidential elections.

The leaders of all 17 parties made speeches at the congress. The heads
of People’s Party of Armenia, "Republic" party and the Social Democrat
Hunchak Party Stepan Demirchian, Aram Sargsian and Lyudmila Sargsian
stressed that "in order to get out of the current situation in the
country and, in particular, in order to prevent the current regime from
reproducing itself, the opposition needs first of all to unite around
one candidate".

"The political forces have united not only around the bright person of
Levon Ter-Petrosian, who has state mentality and much experience of
state governance, but also in the name of the people’s victory,"
Lyudmila Sargsian stated.

In the words of the leader of "Democratic Homeland" party Petros
Makeyan, the most important thing has been ensured for the future
victory: a popular movement, which backs the first president and whose
key goal is to prevent election rigging and the regime’s reproduction,
has been formed. He attached importance to the fact that the atmosphere
which was created in the country for years (in particular, "no one can
go against us, only Serge will win") has already been broken.

The leader of "Aylntrank" ("Alternative") political initiative Nikol
Pashinian expressed conviction that L. Ter-Petrosian will be the major
candidate at the presidential elections, and he will also be the only
aspirant to the presidency. At the same time he pointed out that the
forces supporting L. Ter-Petrosian still have much to do from the
organizational point of view.

Supporters Protest CIGNA For Teen In Need Of Liver Transplant

SUPPORTERS PROTEST CIGNA FOR TEEN IN NEED OF LIVER TRANSPLANT

MyFox Los Angeles, CA
Dec 21 2007

Glendale — Registered nurses, members of the Armenian-American
community and the family and friends of 17-year-old Nataline Sarkisyan,
a cancer survivor denied a liver transplant by CIGNA, will march in
protest today outside the insurance company’s local offices.

The 17-year-old Northridge girl is in the intensive care unit at UCLA
Medical Center in Westwood, and her mother told the Daily News that
she has been in a vegetative state for three weeks. Nataline will
die without the transplant, said her mother, Hilda Sarkisyan.

Nataline was diagnosed with leukemia at age 14. After two years of
treatment the cancer went into remission but came back this summer,
Sarkisyan told the Daily News.

When doctors said Nataline could use a bone-marrow transplant,
the Sarkisyans discovered that her only sibling, Bedig, 21, was a
match, and he donated his bone marrow the day before Thanksgiving,
the newspaper reported.

But Nataline developed a complication from the bone-marrow transplant
and, because her liver was failing, doctors recommended a transplant,
according to an appeal letter sent to CIGNA earlier this month,
the Daily News reported.

Doctors said in the letter that CIGNA was denying the transplant
because Nataline’s plan does not cover "experimental, investigational
and unproven services."

The Sarkisyans have filed an appeal with the California Department
of Insurance, but the agency sent a letter this week saying it needs
more information.