Issue on Elimination of Overdue Medecines Discussed

ISSUE ON ELIMINATION OF OVERDUE MEDICINES DISCUSSED

Armenpress

YEREVAN, AUGUST 8, ARMENPRESS: The head of the National Assembly’s
social, health and nature protection commission Mnatsakan Petrosian
received today the director of the Belgian organization of the
"Doctors without Limits" Krist Terling. During the meeting the sides
particularly discussed issue on elimination of overdue medicine which
is the current serious problem in the country.

NA press service told Armenpress that during the meeting Petrosian
informed that at present draft law on medicines is in the parliament
and it also refers to the ways of elimination of overdue medicines.

Krist Terling informed that by a partial support of their organization
a special place was constructed in Bosnia where the overdue medicine
is being burnt without any consequences.

After the joint discussion Petrosian suggested that a joint project be
developed with the partial support of the "Doctors without Borders"
Belgian organization and a special place be created in Armenia
where the overdue medicine will be eliminated. The director of the
organization expressed readiness to support the project.

Iberian resources prepares for production in Armenia and Portugal

IBERIAN RESOURCES PREPARES FOR PRODUCTION IN ARMENIA AND PORTUGAL

Australian Stock Exchange
August 7, 2006 Monday

Iberian Resources Ltd expects to produce first gold at its Lichkvaz
gold project in Armenia in the coming months, while a pre-feasibility
study on its Montemor gold project in Portugal supports the presence
of a robust gold project.

The Armenian project carries a JORC estimate of 8.86Mt at 3.78g/t Au,
23.9g/t Ag, 0.31 per cent Cu for approximately 1.4 million ounces
of gold equivalent. A scoping study is currently being carried out
to determine if gold production targets can be increased to 150,000
per annum.

Over 25 kilometres of underground development was completed by a
Soviet exploration team over 20 years ago, equating to a saving of
$US25 million ($A32.6 million) in development expenditure.

The company’s Portuguese tenures cover 1,380sqm, or 1.5 per cent of
the country. The Montemor gold project pre-feasibility study forecast
400,000t at more than 4g/t gold per year for an initial four years
at 50,000 ounces per year at a cost of less than $US300 per ounce.

Between the Armenian and Portuguese projects, Iberian Resources’
attributable resource base exceeds 1.75 million ounces of contained
gold equivalent, a 480 per cent increase on the resources base since
the company listed on the ASX on November 17, 2004.

STOCK DASHBOARD: AUGUST 4, 2006

IBERIAN RESOURCES

Closing Price: 61.5c Price change from previous trading day:
+1.65% Relative Strength (6 months percentile rank): 22.4 Market
capitalisation: $43.91 million Turnover volume: 145,116 Volume Index
(1 is average): 0.9 Turnover value: $89,103 Turnover period: 424 days
Value of $1,000 invested 1 year ago: $1,577 Source:

www.BuySellTips.com

Russian Air Navigation Services Will Not Serve Armavia Planes beginn

RUSSIAN AIR NAVIGATION SERVICES WILL NOT SERVE ARMAVIA PLANES BEGINNING FROM AUGUST 14

PanARMENIAN.Net
04.08.2006 21:27 GMT+04:00

/PanARMENIAN.Net/ Russian air navigation services will not serve
Armavia air company planes in Russian air space beginning from August
14, a representative of the Federal Air Navigation Service of Russia
told journalists. The Federal Air Navigation Service explained that
February 17, 2006 Armavia leaders presented the schedule for debt
pay-off, according to which normal payment regime should have been
launched for the air company. However, the means were transferred
after numerous notifications and warnings, the report underscores,
while after the crash of an Armavia plane on May 3 the company abruptly
reduced payment on the schedule and asked for a new installment.

The decision is explained by the Russian State Corporation for
Organizing Air Transportation having to pay taxes for services provided
to, but paid by Armavia.

The report also reminds that Armenian Airlines company, which was
Armenia’s appointed carrier in Russia up to August 2001, still has
debt of over $2.5 million.

In its turn Armavia released a statement that financial commitments
to the State Corporation for Organizing Air Transportation, which
appeared on August 4, are fully met at present. "All payment is made
in compliance with the schedule and the financial means will soon be
received by the State Corporation settlement account. All following
payment will be done in compliance with the schedule," says Armavia’s
official statement, signed by company Director General N. Belluyan,
reports IA Regnum.

Total Amount of Loans Provided by Armenian Banks Grows By 9.6% in Se

TOTAL AMOUNT OF LOANS PROVIDED BY ARMENIAN BANKS GROWS BY 9.6% IN SECOND QUARTER

YEREVAN, AUGUST 2, NOYAN TAPAN. The total amount of loans provided
by the Armenian banks to residents in the second quarter of 2006
made 220.8 bln drams (about 525.7 mln USD), exceeding the previous
quarter’s index by 9.6%.

Consumer loans accounted for the largest share of the loans
provided – 26.6%, loans to trade and industry made 21.3% and 19.4%
respectively. The smallest amount of loans was given to transport and
communication – 2.2%. As of late June, the overall balance capital of
the commercial banks amounted to 102 bln 335 mln drams (about 242.8 mln
USD), exceeding the previous quarter’s index by 3.1%. The main reserve
of the banks grew by 18.1% on the previous quarter and made 7 bln 620
mln drams. In the structure of resources attracted by the commercial
banks, as of late June 2006, the time deposits of natural persons
declined by 4.3% compared with the index of the first quarter. In the
period under review, the time deposits of legal entities declined by
15.9% on the previous quarter. By risk categories, standard loans
accounted for the largest share of the commercial banks’ loans and
accounts receivable – 97.5%, there were no bad loans. According to
the quarterly report of the Central Bank of Armenia (CBA), there were
no banks that violated the minimum amount of the overall capital in
the second quarter of this year, as well as the minimum amount of
their mandatory reserves in the CBA. To recap, 21 commercial banks
with 282 branches are currently operating in Armenia.

Mobile and Intercity Phone Communication Discontinues Again in Syuni

MOBILE AND INTERCITY PHONE COMMUNICATION DISCONTINUES AGAIN IN SYUNIK

KAPAN, AUGUST 1, NOYAN TAPAN. The mobile and intercity phone
communication failed again in Syunik marz from July 31, 4 pm to August
1, 1 am. Grisha Grigorian, head of the Kapan unit of ArmenTels’
Syunik branch, told NT correspondent that the comunication was
discontinued because of a bridge’s collapse near the city of
Jermuk. The communication has been restored.

It’s really nothing new as war looms in the Middle East

It’s really nothing new as war looms in the Middle East

Orillia Packet & Times (Ontario)
July 29, 2006 Saturday

By Pete McGarvey

I’m composing these paragraphs on a Tuesday afternoon, as Israeli
troops move into Lebanon and diplomats scurry to arrange a ceasefire.
The situation is tragic beyond words. Israel’s air and sea forces have
killed hundreds of innocent Lebanese and devastated the country’s
infrastructure – a savage blow to a nation still recovering from a
cruel civil war.

By some weird reasoning, Israel’s leaders figure the proper response
to an attack on innocent Israelis is an assault a hundredfold
greater on an innocent third party. Israel blames Lebanon for not
keeping Hezbollah terrorists in check, fully (and cynically) aware
the fragile government at Beirut lacks the military means to do so.
What’s certain is Israel’s determination to forever crush terrorist
factions in both Lebanon and the Gaza Strip that fire rockets into
Israel and dispatch suicide bombers against blameless civilians.

History teaches it doesn’t work. Massive counter strikes against an
elusive enemy tend only to increase the enemy’s resolution and build
political sympathy for its aims. Consider the American experience
in Vietnam.

Like it or not, Canada has been drawn in. When Prime Minister Stephen
Harper echoed the White House in declaring Israel’s massive response
to be "measured," he abandoned two generations of a balanced Canadian
approach to the wars and politics of the region.

We are now considered staunchly pro-Israel. Things can only get worse
if Israel’s demand for a NATO peace-keeping force at the border is
heeded and Canadians become part of that contingent.

Over a period of 20 years I made three journalistic journeys to
the Middle East – to Israel in 1971 and 1991 and Lebanon in 1980.
Memories of those trips flood back every time CNN does a report from
the front.

The first volley of Hezbollah missiles in early July landed on Safed, a
town that figured in Cabalistic mystery and history in past centuries.

Thirty-five years ago last January, I spent an afternoon there,
interviewing Israelis under attack from El Fatah (PLO) guerrillas
on the Lebanese border. I took pictures of shell-holes in a dozen
homes and heard first-hand how locals spent nights huddled in their
basements.

Later that same week, I covered an angry Druzian demonstration in
Dalyat El Carmel, where Palestinian terrorists had kidnapped and
beheaded a farmer a few days before. Israel’s deputy prime minister
was helicoptered in to vow the crime would be avenged. Such was the
troubled Israeli/Lebanese border in the winter of 1971.

In Tel Aviv at the end of that week, I met future prime minister
Menachem Begin, one-time leader of the anti-British guerilla gang,
the Irgun Svai Leumi. He called his former warriors peace fighters,
justified rebels, as had been the slave Spartacus, facing down Roman
power in ancient times. By contrast, the PLO were ruthless thugs,
without a legitimate cause. Israel was under siege, he declared,
and would take whatever measures were necessary to survive. After
three and a half decades the players have changed, but not the script.

Nine years later, in April 1980, Eileen and I were in Lebanon,
gathering material for a documentary on the 65th anniversary of
the Armenian genocide. After 10 years of a civil conflict that
pitted Maronite Christians against Muslims, Beirut was a city in
ruins, enjoying a rare truce in the war. Lull or not, shells still
went whomp in the night and rifle fire was common. Palestinians and
Syrians maintained their own militias, generally supporting the Shiite
Muslims. Christian Armenians declared their neutrality and refused
to be drawn in by the Maronites. For protection they relied on the PLO.

Once more, we discovered nothing was simple or certain in a region of
complex politics, ancient hatreds and competing faiths. After a week,
we departed with huge relief, for the Soviet Union.

My final trip to the region was in 1991, retracing the route of
my Israeli journey 20 years before. Tel Aviv had doubled in size;
Jerusalem’s skyline was dotted with skyscrapers. Pilgrims of all major
faiths crowded the narrow streets of the old city, studiously ignoring
one another. I revisited the Masada plateau on the Dead Sea, and all
the Biblical sites – Bethlehem, Jericho, Nazareth and the Galilean
Hills (where I lunched at a dude ranch). I even returned to Dalyat El
Carmel, site of the Druzian demonstration two decades before. What had
been a rural hamlet was now a small city of large, western style homes.

There were changes everywhere, but not in the resolve of the people.
The land they proclaimed in 1948 was still holy ground, to be defended
from all enemies at whatever cost. Summer 2006 is just one more
chapter in a story that seems as endless as it is ancient.

Commission On Issues of State Servant’s Ethics Created Under NKR Pre

COMMISSION ON ISSUES OF STATE SERVANT’S ETHICS CREATED UNDER NKR PRESIDENT

STEPANAKERT, JULY 25, NOYAN TAPAN – ARMENIANDS TODAY. On July 25, NKR
President Arkady Ghukasian signed a decree "On Creating a Commission
on Issues of State Servant’s Ethics under NKR President."

As NT was informed by the Acting Spokesperson for NKR President, the
Commission Chairman is Murad Petrosian. Alexandra Avanesian, Valerik
Khachatrian, Georgy Petrosian, Karen Saghian, Andranik Sargsian,
Vardges Ulubabian are also included in the commission.

Peter Semneby:The Blocking of Upper Lars Control Point Arouses Conce

PETER SEMNEBY:THE BLOCKING OF UPPER LARS CONTROL POINT AROUSES
CONCERN IN EU

Yerevan, July 24. ArmInfo. "The Blocking of the Upper Lars control
point aroused the concern in the European Union," Peter Semneby, EU
Special Representative in the South Caucasus, said this at today’s
joint press conference with RA Foreign Minister Vartan Oskanian.

Semneby stated that EU realizes all the difficulties that were caused
after the blocking of the Upper Lars control point. He added that in
the course of his visit to Georgia, he discussed the problems between
Russia and Georgia, particularly the blocking of the border that
concerns Armenia as well. "The given issue also caused the statement
of the country in chair of EU few days ago," Semneby said.

Ex-Soviet leaders discuss reform of troubled Moscow-led regional bod

Ex-Soviet leaders discuss reform of troubled Moscow-led regional body

AP Worldstream; Jul 22, 2006
HENRY MEYER

President Vladimir Putin and leaders of seven other ex-Soviet nations
met in the Kremlin on Saturday to discuss reforming a troubled
regional body seen as a key lever of Russian influence in the former
Soviet Union.

Four presidents did not attend the two-day informal summit in Moscow
_ a sign of the divisions within the 12-nation Commonwealth of
Independent States.

The no-shows included the pro-Western leaders of Ukraine and Georgia as
well as traditional Russian ally Armenia and the authoritarian leader
of isolated Turkmenistan, who does not usually come to such events.

Putin, who has watched with concern at the rise of Western-backed
governments on Russia’s borders, said the meeting should concentrate
on plans to revamp the CIS, which was born from the ashes of the 1991
collapse of the Soviet Union.

"I know that the chairman has prepared a report on the development
of the organization. I suggest we focus on that," he said in remarks
shown on state television.

Few details of the proposed reforms have been made public.

Kazakh President Nursultan Nazarbayev, whose oil-rich Central Asian
nation holds the rotating presidency of the CIS, said the aim of the
reform was to make the body "satisfactory to us all, so that no state
feels hard done by."

He indicated that the loose grouping should concentrate on economic
ties _ a move that could help keep in the fold Georgia, Ukraine and
Western-leaning Moldova, which are all seeking to move out of Russia’s
shadow and have expressed skepticism about the future of the CIS.

Putin himself in March 2005 questioned the body’s usefulness, saying it
had been created for a "civilized divorce" of Soviet republics, unlike
the European Union, which worked to pull its members closer together.

But the CIS and a series of overlapping parallel security and economic
blocs represent the main mechanism for Moscow’s leadership role in
its former empire, and Russia is eager to preserve it.

The tensions within the group, though, were evident as Georgian
President Mikhail Saakashvili canceled his trip to Moscow at the
last minute because of a flare-up between Russia and the small
U.S.-allied Caucasus Mountain nation over Russian support for two
separatist regions.

Ukrainian President Viktor Yushchenko also decided not to attend the
meeting, ostensibly because of his country’s continuing political
turmoil, four months after parliamentary elections.

Yushchenko is facing the unpalatable prospect of the man he beat
for the presidency in 2004, the Kremlin-backed Viktor Yanukovych,
taking the powerful prime minister’s job. The president’s Orange
Revolution rival came out ahead in the March polls and has a formed
a pro-Russian coalition that has put forward
Yanukovych for the premier’s job.

Armenian President Robert Kocharian did not attend the meeting,
his office said, explaining that he has a cold.

The informal summit began with dinner Friday evening at a waterside
restaurant in an upscale Moscow suburb and was to conclude Saturday
with a visit to the track for a horse race dubbed the Russian
President’s Cup.

TBILISI: Peacekeepers Issue Pending Top-Level Talks

Peacekeepers Issue Pending Top-Level Talks

Civil Georgia, Georgia
July 22, 2006

The Georgian government’s steps in respect of Russian peacekeeping
troops stationed in the conflict zones remain unclear, as talks
between the Georgian and Russian leaders have been postponed for so
far unknown date.

President Saakashvili canceled his visit to Moscow planned for July
21-22 after the Russian officials said President Putin had no space
for face-to-face talks with the Georgian leader in his schedule of an
informal summit of CIS leaders. The Ukrainian and Armenian Presidents
also failed to appear in at the summit citing "internal political
situation" and illness, respectively.

President Saakashvili said on July 18, shortly after the Parliament
instructed the government to launch procedures for the withdrawal
of Russian peacekeepers from Abkhazia and South Ossetia, that the
executive authorities will take final decision only after his talks
with Putin. No other comment was made by President Saakashvili about
the Parliament’s resolution so far.

After the Russian side’s refusal to hold Putin-Saakashvili talks,
key leaders of the ruling National Movement parties convened a press
conference and emphasized that the Russian side was also against of
making public statements by the two Presidents after the potential
talks.

An influential parliamentarian Giga Bokeria said Putin "is afraid of
making public statements" together with President Saakashvili.

"If we see again footage of a press conference [held by Putin and
Saakashvili after talks] in St. Petersburg [on June 13] it will become
clear that President Putin feels very uncomfortable while speaking
publicly with Saakashvili," MP Bokeria said.

Meanwhile, Georgian Foreign Minister Gela Bezhuashvili said on July
21 that consultations are currently underway with the Russian side
to arrange talks between the two Presidents, but he failed to specify
when the meeting might take place.

He said that the Georgian side was offered to hold talks at a horse
race – visiting track by the Presidents was part of the CIS informal
summit agenda, "but a horse race is not a place to discuss serious
issues."

Officials in Tbilisi say that the Georgian side has prepared a set
of proposals, mainly involving issues related with the conflict
resolution, which should be discussed by the two Presidents. But no
details of these proposals are reported.

"These proposals are very realistic and very fair, which will
contribute positively to the conflict resolution. I hope this meeting
will take place in the future," Burjanadze told reporters on July 21.