Brussels Airlines resumes regular flights

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 13:03,

YEREVAN, MAY 27, ARMENPRESS. According to the information received from Brussels Airlines, regular flights on the Yerevan-Brussels-Yerevan route will be resumed on June 27, the Zvartnots Airport told Armenpress.

According to the schedule, from June 27 to July 11, flights will be operated once a week, every Saturday, and from July 14 to August 29, every Tuesday and Saturday.

“We would also like to inform that we will provide information on resumption of the rest of the airlines as soon as we receive official information”, the statement says.

Armenia financial system carries on serving borrowers, depositors – cenbank

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 14:02,

YEREVAN, MAY 27, ARMENPRESS. The Armenian financial system carries on maintaining liquidity amid the coronavirus outbreak and is able to serve both borrowers and depositors, Central Bank Financial Stability Department chief Andranik Grigoryan said at a news conference when asked about the financial system’s capabilities amid the pandemic.

“The financial system’s high liquidity and high level of capital gave the chance to overcome this phase. If each and every one of us tries to limit the spread of the pandemic by having responsibility, then our financial system definitely can easily continue with the same principle it is working now,” he said, adding that the financial system is currently easily serving both borrowers and depositors.

If necessary, the cenbank is ready to issue additional liquid assets, he said.

He called on citizens to maximally use online services and payment methods to minimize physical contacts.

Amid the pandemic, the cenbank asked commercial banks to display individual approach with customers, and as a result nearly 540,000 people and 17,000 companies had their loans revised.

Editing and Translating by Stepan Kocharyan

California Governor denies Sassounian parole

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 14:23,

YEREVAN, MAY 27, ARMENPRESS. Governor of the US State of California Gavin Newsom has rejected the Board of Parole’s December decision on paroling Hampig Sassounian, Asbarez reports.

Newsom said that while he acknowledged the steps Sassounian had taken over decades to rehabilitate himself, he did not believe Sassounian to be fit for release.

“I commend Mr. Sassounian for his rehabilitative efforts in prison, but I find they are outweighed by negative factors that show he remains unsuitable for parole at this time,” said Newsom in his letter obtained by Asbarez on Tuesday.

“I believe that Mr. Sassounian has not yet demonstrated that he has developed and sustained the necessary insight and skills for a sufficiently long period. In particular, I am concerned that Mr. Sassounian has continued to underestimate the vigilance that is required of him, now and in the future, to consistently conduct himself in a manner that promotes the rule of law and avoids fomenting violence, even inadvertently,” added Newsom.

“After reviewing and considering the evidence in the record, I believe that Mr. Sassounian must do additional work before he can be safely released. Accordingly, I find that he still poses an unreasonable danger to society if released and I reverse the Board’s decision to parole Mr. Sassounian,” Newsom concluded in his letter.

Sassounian has now served 38 years in prison.

He was given a parole hearing for the first time in 2006, but subsequently he was denied.  His next hearing was scheduled for 2010, and again he was denied.

Sassounian’s attorney, Mark Geragos, had said he didn’t view the first hearing decision as a setback, arguing that it is rare for parole to be granted on the first try, according to the Los Angeles Times.

“The parole commissioners were very complimentary of his chances next time around,” Geragos said in a telephone interview with Los Angeles Times.

Six years later after the second denial, in 2016, the California Board of Parole Hearings eventually recommended Sassounian’s release from prison. 

The board said Sassounian, traumatized by horrific warfare in his native Lebanon as a child, had accepted responsibility for his crime, shown remorse, and participated in numerous treatment and job-training programs in prison.

But Sassounian’s parole was vetoed by California governor Jerry Brown in 2017. The decision was unexpected for many, for Brown has affirmed almost 82 percent of the parole board decisions.

Surprisingly, Jerry Brown announced his decision a day before President Trump’s meeting at the White House with Turkey’s president, Recep Tayyip Erdogan.

Sassounian’s lawyer, Mark Geragos, called the then-governor’s action “alarming.”

“This was a young kid, clearly swayed by emotion at the time” of the killing, who is now “being used repeatedly as a political football,” Geragos said. “I don’t understand why the State Department is involved,” he said, and “I didn’t realize that the governor was trying to curry favor with the brutal dictator Erdogan.”

 

Sassounian has been serving a life sentence when he was convicted in 1984 for the 1982 murder of Turkish Consul General to Los Angeles Kemal Arikan.

In 2002 a federal appeals court overturned a special circumstances finding in his sentence, making Sassounian eligible for parole after serving a minimum of 25 years. Sassounian has now served 38 years. Sassounian will be eligible for parole again in 18 months.

EEC board discusses domestic market barriers

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 14:45,

YEREVAN, MAY 27, ARMENPRESS. Deputy Prime Minister of Armenia Mher Grigoryan is participating in the Eurasian Economic Commission’s Board meeting.

The meeting is held online and is focused on the existing barriers in the EEU domestic market, Grigoryan’s office said.

As a result of the discussion and at the initiative of the Armenian side, a decision was made to present by August 1 the proposed solutions to the problems.

Editing and Translating by Stepan Kocharyan

Real estate to be taxed equivalent to wealth

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 15:20,

YEREVAN, MAY 27, ARMENPRESS. The Cabinet approved the bill on amending the tax code which envisages taxing real estate equivalently to wealth.

“Armenia is staying behind in the rank of 38 countries with the property tax/GDP indicator. This is the result of the tax being based on the cadastre value of real estate, which significantly differs from market value”, Finance Minister Atom Janjughazyan said.

“It is expected that this change will result in the property tax potential growing 4,3 times. This will allow communities to ensure better quality in solving their own issues,” he said.

The new mechanism is planned to be installed gradually within three years.

Editing and Translating by Stepan Kocharyan

Government launches 19th economic relief program

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 15:12,

YEREVAN, MAY 27, ARMENPRESS. The Government of Armenia approved the 19th relief program aimed at eliminating the economic consequences of the coronavirus pandemic.

Speaking at the Cabinet meeting, Economy Minister Tigran Khachatryan said the program is aimed at contributing to the realization of entrepreneurial ideas on launching businesses from scratch and innovative development of business programs by expanding entrepreneurial knowledge and increasing financial accessibility.

75% of the financial resources for the project is allocated for an 8-year repayment period without interest rate, and the 25% as grants.

Editing and Translating by Stepan Kocharyan

Most COVID-19 patients in Armenia “show positive dynamics” from hydroxychloroquine – ministry

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 15:45,

YEREVAN, MAY 27, ARMENPRESS. The Armenian Healthcare Ministry says the efficiency of the use of hydroxychloroquine for treating COVID-19 patients aren’t yet fully summed up, but “according to preliminary data positive dynamics is observed in significant portion of patients”.

The healthcare ministry said the use of hydroxychloroquine (Plaquenil) is included in COVID-19 treatment guidelines of numerous countries – Spain, Italy, Belgium ,France, Switzerland, Russia and more than 26 clinical studies are underway in the world. “The 70 years of experience of applying hydroxychloroquine, including in rheumatology, shows that the drug has proven to have a good safety profile”, the ministry said.

It said that Armenia uses hydroxychloroquine for patients who are at higher risk and those who have developed pneumonia, including in severe cases. It is not administered in asymptomatic or mild cases. “hydroxychloroquine is used only in a hospital setting, if there are no contraindications”.

Patients who are given the drug undergo Electrocardiography every day. Patients with diabetes are especially monitored for glucose levels. It is cautiously administered to patients with kidney disease and the decision to do so is made during a medical consilium.

“Only one case of arrythmia was registered during the entire time of treating COVID-19 and the administration of the drug was immediately stopped,” it said, adding that according to preliminary information most of the patients who are given it show positive dynamics.

Editing and Translating by Stepan Kocharyan

Asbarez: ServiceTitan Establishes ‘Yes, Armenian Women Can!’ Scholarship Fund


Service Titan co-founders Vahe Kuzoyan and Ara Mahdessian

ServiceTitan founders Vahe Kuzoyan and Ara Mahdessian both grew up in households that valued education. They believe that Armenia’s greatest competitive advantage is the convergence of education and technology. “Our goal is to invest in the community, and the most valuable way we can do that is through investing in quality education and top talent,” say the founders. “Education is vital for the future of Armenia. Supporting and promoting women in the technology sector will be a driving force for Armenia’s economic success and backbone.”

Alene Aroustamian has a lead role in ServiceTitan’s identity and culture. She works closely with the founders and has been instrumental in creating the valuable partnership between the company and AUA with a long-term vision of creating a supply chain of female engineers and computer scientists that will fuel the tech industry in Armenia. Through the establishment of the ServiceTitan Endowed Scholarship Fund at AUA, the new generation of female students interested in the field will be empowered through the gift of education annually, in perpetuity.

Alene Aroustamian has shepherded the Service Titan-AUA partnership

“Ara and Vahe’s philosophy is that none of us know the limits of our own potential. They motivate and push me to become the best version of myself,” Alene says. “I share this to demonstrate that both gentlemen strongly believe success is limitless and want to actively help those eager to live up to their potential. Think about the countless young men and women in Armenia and the untapped potential they possess along with the success stories waiting to be told a few years from now.”

Service Titan Team

The ability to code is a superpower. In the hands of bright and ambitious individuals, this skill can — and truly will — change the world. The ServiceTitan story is a testament to exactly that— the founders applied their skill to start a software company that would help workers in the service industry, like both of their fathers. This startup eventually evolved into the 1000-plus person company it is today, with offices in two major U.S. cities and one in the heart of Armenia. It all began when the founders learned how to code at a young age, were supported in the process, and then went on to attend world-class educational institutions to continue honing and developing their skills.

Founded in 1991, the American University of Armenia is a private, independent university located in Yerevan, Armenia, affiliated with the University of California, and accredited by the WASC Senior College and University Commission in the United States. AUA provides local and international students with Western-style education through top-quality undergraduate, graduate, and certificate programs, promotes research and innovation, encourages civic engagement and community service, and fosters democratic values.

Asbarez: Anna Astvatsaturian Turcotte Featured in Upcoming Documentary ‘Under the Same Sun’


Filming in the village of Khndzoresk—the hometown of Anna’s grandfather Yegishe, May 2018

PORTLAND, Maine—In 2017, Armenian American author, human rights advocate and city councilmember Anna Astvatsaturian Turcotte was invited to be featured in the filming of a documentary by French-Canadian filmmaker Francois Jacob titled “Under the Same Sun.”

The film’s world premier will take place at the Canadian Hot Docs Film Festival on May 28 in Ontario, Canada. The 10-day festival will last through June 6 online due to the COVID-19 pandemic. Later in the year, the film will premiere in the United States and other locations.

Astvatsaturian Turcotte was filmed across the United States, Armenia and Artsakh during the last two and a half years. The documentary explores the Nagorno-Karabakh conflict through the eyes of various individuals, including Astvatsaturian Turcotte, delving into her childhood as an Armenian refugee from Azerbaijan, her current life as a public citizen, human rights advocate, activist for the people of Artsakh, author and politician.

The filmmaker showcases Astvatsaturian Turcotte’s work of advocating for and supporting the people of Artsakh through various projects. The film crew also filmed her childhood home and school in Baku, Azerbaijan.

In addition to Astvatsaturian Turcotte’s story, the documentary also attempts to look at the Nagorno-Karabakh conflict from opposing viewpoints. Astvatsaturian Turcotte does not endorse and does not agree with the views of these individuals. Nor is she endorsing the viewpoint of the film as a whole, while recognizing that Jacob, as an outsider, had to work with various multifaceted components of a complicated conflict, explore the history of the region and demonstrate conflicting sides to give the conflict and the film the respect that it deserves. Astvatsaturian Turcotte does, however, endorse the humanity behind the film, the beauty of Armenia, Armenian history, the Armenian people and the awe-inspiring resilience of the people of independent and free Artsakh.

Anna Astvatsaturian Turcotte

Astvatsaturian Turcotte is an author, lecturer, lawyer, businesswoman and human rights advocate.  She is an Armenian refugee from Baku, Azerbaijan. After fleeing Baku in the fall of 1989 due to the ethnic cleansing of Armenians, Anna and her family spent three years in Armenia as refugees before coming to the United States in 1992.

Anna received Bachelor of Arts degrees in English & Literature and Philosophy & Religion with a minor in Russian Language & Literature from the University of North Dakota. She received her Juris Doctor degree from the University of Maine School of Law. As a law student Anna was named an Outstanding Law Student of the Year by Who’s Who American Law Students. In 2004 Anna was one of the first Americans to clerk at the International Criminal Court in The Hague, Netherlands after working toward and observing the ICC’s creation at the United Nations in New York.

In 2012 Anna published her book entitled, “Nowhere, a Story of Exile,” which she wrote at the age of 14 as her family settled in North Dakota as refugees. The book is based on the childhood diaries she kept as her family was fleeing Baku, Azerbaijan and during the years as refugees in Armenia. In April 2013 Anna successfully spearheaded the recognition efforts of Nagorno-Karabakh independence at the State of Maine House of Representatives. In November 2015 she was elected to the Westbrook Maine City Council by a 64-percent landslide. In 2017 the Russian translation of Anna’s book was published. She was re-elected to the Council in November of 2018 and is currently serving as a Vice President of the Council.

Anna is the recipient of the Mkhitar Gosh Medal, the Republic of Armenia’s highest civilian honor awarded by President Serge Sargsyan for exceptional achievements in the political-social spheres, as well as outstanding efforts in the fields of diplomacy, law and political science. Anna also received a Gratitude Medal from the President of Nagorno-Karabakh Republic, Bako Sahakian; the Vahan Cardashian award for her contributions within the Armenian Diaspora from ANCA-WR; and the Activism Award from ANCA-ER for enhancement of human rights, democracy, truth and justice.

Aside from speaking worldwide on genocide prevention, refugee issues, international law and human rights, Anna has a 16-year career in banking regulatory compliance and risk management, currently as a Vice President, Senior Risk Manager at Androscoggin Bank. Anna lives in Westbrook, Maine with her husband John and their son and daughter.

IDBank reduced interest rates on Student loans in the framework of state-financed special program

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 16:07,

YEREVAN, MAY 27, ARMENPRESS. From now on, those students studying for their bachelor’s and master’s degrees in the RA state or RA state accredited Universities, as well as clinical residency students, can enjoy privileged terms on Student loans: the annual nominal interest rate on Student loans will be 6-7% (the actual annual interest rate is 9,38%). The interest rate for the provided loan is 9%, of which the state subsidizes 2% for all students, and 3% for students who have made excellent progress in the previous academic year).

As a result the interest rate that should be paid is 6.38-7.38%. The new terms for provision of Student loans apply to loans already provided and those to be provided. IDBank is also participating in the government’s programs to neutralize the economic consequences of the Coronavirus.

From May 1 to December 31, within the framework of the 14th program of the Government of the Republic of Armenia “Neutralization of Economic Consequences of Coronavirus”, the interest rates on Student loans will be subsidized by the state in full or by 5%, depending on progress.

Details about the terms of Student loans are available on the Bank’s official .