Coronavirus (Covid-19) Impact On Armenia real estate Market 2018

Open PR
05-19-2020 10:57 AM CET | Business, Economy, Finances, Banking & Insurance

Armenia real estate


The Armenia real estate market was valued at $880.4 million in 2018, and is projected to reach $1,249.3 million in 2026, growing at a CAGR of 4.3%. Real estate is defined as a property which is made up of land and any physical structures on it such as buildings.

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The growth of the Armenia real estate market is driven by rise in economy and increased efforts by the government for the diversification of economy. The construction industry was one of the major contributors to the economy of Armenia, however, the mining and services industry has grown to be some of the major drivers of the Armenian economy. Furthermore, there is rise in property transactions in Armenia. Also, the government in Armenia returns the income tax to residents who re-pay mortgage loan, as per the law. In addition, many Armenians are repatriating and buying real estate. Such factors are expected to fuel the growth of the real estate market in Armenia.

However, high unemployment rate and poverty is a challenge for the growth of the real estate market in Armenia. The unemployment rate of Armenia is among the highest in the Commonwealth of Independent States (CIS) countries. On the contrary, increased focus of the government to help real estate is expected to provide lucrative opportunities for the growth of the market in the future.
The Armenia real estate market is segmented into property type and business type. By property type, the market is classified into residential, commercial, industrial, and land. The land segment is anticipated to dominate the Armenia real estate market throughout the study period. Depending on business type, the market is segregated into sales and rental.

COMPETITION ANALYSIS
The major market participants profiled in this report include AdaTech LLC, “Akcern” Real Estate Corporation, BARS Real Estate Company, “CHARAGAYT” Construction Company, Comfy LLC, Elite Group, MLL Industries, LLC, Renshin LLC, Roxwell LLC, and Step Investment Group.

KEY BENEFITS FOR STAKEHOLDERS
? The report provides an extensive analysis of the current and emerging Armenia real estate market trends and dynamics.
? In-depth Armenia real estate market analysis is conducted by constructing market estimations for the key market segments between 2018 and 2026.
? Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within theArmenia real estate market framework.
? A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
? The Armenia real estate market forecast analysis from 2019 to 2026 is included in the report.
? Key market players within Armenia real estate market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the Armenia real estateindustry.

ARMENIA REAL ESTATE MARKETSEGMENTS
BY PROPERTY
o Steel
o Residential
o Commercial
o Industrial
o Land

BY BUSINESS
o Sales
o Rental

KEY PLAYERS
o AdaTech LLC
o “Akcern” Real Estate Corporation
o BARS Real Estate Company
o “CHARAGAYT” Construction Company
o Comfy LLC
o Elite Group
o MLL Industries, LLC
o Renshin LLC
o Roxwell LLC
o Step Investment Group”

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Our analysis involves the study of the market taking into consideration the impact of the COVID-19 pandemic. Please get in touch with us to get your hands on an exhaustive coverage of the impact of the current situation on the market. Our expert team of analysts will provide as per report customized to your requirement. For more connect with us at [email protected] or call toll free: +1-800-910-6452

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Local residents turned to EBRD demanding to withdraw from Amulsar program

Arminfo, Armenia

ArmInfo.23 residents of settlements near the Amulsar field, through an independent IPAM accountability mechanism, appealed to the European Bank for Reconstruction and Development (EBRD) to withdraw from the Amulsar  project. The statement was joined by the international network CEE  BankWatch, NGO “Ekolur”, NGO “Forest of Armenia”, NGO “Green Armenia”  and the civic initiative “Armenian Environmental Front”.

In a statement, in particular, a call was made for IPAM to initiate  checks on compliance of the Amulsar program with the social and  environmental policy of EBRD. It is indicated that Lydian  International, with the help of the former Government of the Republic  of Armenia and the financial assistance of EBRD, did not apply the  best international standards in assessing the impact of the program,  as well as taking into account the opinions of adjacent communities.  In addition, during the implementation of the program, Lydian  International failed to properly protect the natural resources and  economy of Jermuk, as well as the health of the local population.

In this regard, the authors of the statement urge the EBRD to  withdraw from the Amulsar program, which, they said, will be a  crucial step in meeting the requirements of the social and  environmental policy approved by the bank. Among the requirements are  ensuring environmental and social impact assessments; resource  efficiency and pollution prevention; protecting the health of the  local population; biodiversity conservation and sustainable  management of natural resources; stakeholder engagement and restore  justice for the Jermuk population.


Eduard Sharmazanov on the genocide of the Pontic Greeks: We remember and demand

Arminfo, Armenia

ArmInfo. Former deputy speaker of the Armenian parliament Eduard Sharmazanov honored the memory of the victims of the genocide of the Pontic Greeks.  “May 19 is the Day of Remembrance of the Pontic Greeks’ genocide. On March 24, 2015, the Armenian parliament unanimously recognized and condemned this crime. We remember and demand,” Sharmazanov wrote on his Facebook page.

It should be noted that May 19 is the Day of Remembrance of the  Genocide of the Asia Minor Greeks by the Turks. In March 1915, in the  vicinity of the city of Smyrna (now Izmir) and in the Black Sea  Pontic region, the Young Turks carried out the massacre of the  Greeks, who had been called up to the Turkish army shortly before.  Ethnic cleansings against the Greek population of Turkey were  actively carried out by Turkish nationalists and under the leadership  of Mustafa Kemal (Ataturk) during the Greek-Turkish war of 1919-1922.  It was May 19, 1919, the day of the landing of Kemal in Samsun and  the beginning of the second wave of massacre is celebrated as the day  of the Genocide of the Pontic Greeks. According to various estimates,  the number of victims of the Greek genocide ranges from 350 thousand  to 1.2 million people.

Coronavirus update: Armenia reports 218 new cases, 3 more deaths on May 19

Panorama, Armenia

Armenia has confirmed 218 new coronavirus infections, bringing the total number of cases to 5,041 in the country as of 11 a.m. Tuesday, May 19, the Ministry of Health reports.

145 more patients have recovered from the disease with the total number of recoveries now standing at 2,164.

The number of COVID-19 fatalities has grown by three to 64.

The latest victims were 59 (male), 74 (female) and 56 (male) years old and had underlying chronic health conditions, the ministry said.

2,788 patients with COVID-19 are currently undergoing treatment.

As many as 43,041 tests have been performed in the country since the disease outbreak.

The ministry once again urges you to:

• Stay at home

• Limit physical contact

• Take care of personal hygiene

• Wash hands for at least 20 seconds, especially before eating and after coming home

• Avoid public areas and transportation as much as possible

• Maintain at least 1-meter distance when speaking to someone

• Inform a doctor when experiencing flu-like symptoms instead of resorting to self-treatment

• Upon returning from a country where the coronavirus has a large spread, practice self-isolation for 14 days while being in touch with your polyclinic doctor

• Regularly check your temperature while informing your doctor of the results

• Don’t panic and follow your doctor’s advice

Art: Aivazovsky’s ‘The Bay of Naples’ put up for auction at Sotheby’s

Panorama, Armenia

Culture 14:45 19/05/2020World

Sotheby’s auction house is set to organize two sales of Russian art which will be held online for the first time due to the coronavirus pandemic, the auction company told TASS on Monday.

The first sale dubbed “Russian Pictures” will take place between May 26 and June 2. It features, among other artworks, “The Bay of Naples” by renowned Russian-Armenian seascape artist Hovhannes (Ivan) Aivazovsky, estimated between 800,000 and 1.2 million pounds.

The next Russian art sale entitled “Works of Art, Faberge and Icons” will feature more than 200 artworks.


Sports: Discovering young talents: Armenian defender from Sweden

News.am, Armenia

By Samvel Sukiasyan

NEWS.am Sport continues to represent young Armenian football players playing abroad and wishing to play for the national team of Armenia in the future.

The captain of the Swedish Falkenbergs FF team U19 is the Armenian central defender Edgar Khachatryan.

“I was born in Denmark in February 2001, but my family moved to Sweden when I was a child. My height is 191 cm, I play as a central defender.”

He started playing football at the age of 8 at the Köping FF. After 2 years he moved to Landskrona BoIS U12 squad.

“At the first stage of my career, I also played in midfield, thanks to which I also have certain attacking skills,” he added. “There I was noticed by the Falkenbergs FF scouts.”

“My club represents the Swedish Premier League – Allsvenskan. I am the captain of the team U19, often I also play in the clashes for the U21 squad. I train as part of the main team.”

“Last year, as part of the youth team, Falkenbergs FF won the Swedish championship. We lost only one clash out of 22, having conceded only 18 goals and scoring more than 70.”

“Given that in Sweden I play at a fairly high level and am one of the key players of the team, I think that I deserve to receive an invitation to the youth team of Armenia. I keep in touch with a representative of the football federation. For me, an invitation to the Armenian team will be a great honor and it will be a dream come true. Thank you very much for your interest and interview,” said Edgar Khachatryan.

Sports: Discovering young talents: Armenian forward from US

News.am, Armenia

By Samvel Sukiasyan

NEWS.am Sport continues presenting the young Armenian football players who play abroad, but dream of playing for the Armenian national team one day.

Forward Narek Gasparyan, 15, plays for the youth team of the Cincinnati United Soccer Club in the US.

“Narek was born on February 17, 2005 in Cincinnati, USA. He has been playing his favorite sport—football—since he was 7 years old. He plays as a forward,” his father, Hrach Gasparyan, told NEWS.am Sport. “My son is a pupil of the American Cincinnati United Soccer Club and has repeatedly scored against youth teams of MLS clubs—Houston Dynamo, Columbus Crew, and Minnesota United.

Clubs from Ukraine, Russia, Germany, and Italy are interested in Narek’s services. According to a preliminary agreement, after the stabilization of the situation caused by the coronavirus pandemic, my son will undergo a 10-day tryout at the Italian Cagliari [club].

Now he is trying to keep fit by conducting individual training twice a day. Our experienced players Gevorg Kasparov, Yura Movsisyan and David Arshakyan, help Narek with their advice.

Due to successful competitions in the US, Narek has been called to the Armenian U15 national team twice. Unfortunately, the tournament scheduled for April was canceled due to a coronavirus. It is a great honor for our family to receive an invitation from our national team.”

Nel Nagorno Karabakh. Elezioni presidenziali concluse – l’Opinione Pubblica

ESTERI

    Il nuovo presidente della repubblica autonoma di Artsakh Arayik Harutyunyan proviene dal gruppo dei combattenti per l’indipendenza. Promette di instaurare un clima collaborativo, ma il rischio di un nuovo conflitto tra Armeni e Azerbaijan è dietro l’angolo.

     

    Il 31 marzo e il 14 aprile si sono svolte le elezioni presidenziali nell’ex stato-stato sovietico noto come Regione autonoma del Nagorno Karabakh (NKAR), che dopo il crollo dell’URSS si unì con la regione shahumiana abitata dagli armeni, per formare la Repubblica del Nagorno Karabakh (NKR), con capitale Stepanakert. Nel 1988, dopo un referendum esplose un conflitto sanguinoso quando le autorità locali nel Nagorno Karabakh votarono per separarsi dall’Azerbaijan e unirsi all’Armenia. La NKR ha poi dichiarato la sua indipendenza il 2 settembre 1991, cercando il pieno rispetto delle norme e dei principi fondamentali del diritto internazionale. Da allora, la leadership della Repubblica ha costantemente perseguito una politica di mantenimento della pace, nonostante  nell’aprile 2016, il Nagorno-Karabakh è stato teatro dei peggiori scontri peggiori tra Azerbaigian e Armenia dall’armistizio firmato nel 1994. Con la mediazione di Russia, Kirghizistan e il Consiglio interparlamentare della CSI, l’Azerbaijan, il Nagorno Karabakh e l’Armenia fu firmato il Documento di Bishkek nella capitale del Kirghizistan, il 5 maggio 1994. Secondo tale documento, le parti in conflitto hanno concordato di un cessate il fuoco, in vigore dal 12 maggio 1994 ad oggi.

    Nel marzo 1992, l’Organizzazione per la sicurezza e la cooperazione in Europa (OSCE) ha aderito al processo di risoluzione del conflitto tra Azerbaijan Nagorno Karabakh. Nel 1997 è stato creato l’istituto di copresidenza di Russia, Francia e Stati Uniti del gruppo OSCE di Minsk, che da allora è stato l’unico formato concordato, con il mandato dell’OSCE di condurre attività di mediazione per la soluzione pacifica del conflitto Azerbaigian-Karabakh.

    Dopo il conteggio dei voti del 31 marzo, non avendo nessuno dei candidati superato il 50% + 1 dei voti, si è andati al secondo turno il 14 aprile. Al primo turno l’ex primo ministro della Repubblica ArtsakhA. Harutyunyan, aveva ricevuto il 49,26% dei voti, seguito dal ministro degli esteri M. Mayilyan, il 26,4%., e dall’ex segretario del Consiglio di sicurezza V. Balasanyan il 14,7%. Hanno partecipato il 73,5% degli elettori. Erano 14 i candidati per il ruolo presidenziale. Nel secondo turno del 14 aprile, è stato eletto Presidente Arayik Harutyunyan che ha ricevuto 39.860 voti (84,5%), mentre Masis Mayilian ha ricevuto 5.728 voti (12,1%).  

    Cinque partiti hanno ottenuto seggi nell’Assemblea nazionale del Nagorno: Patria libera, Blocco dell’Unità Civile Patria Unita, Partito della Giustizia, l’ARF-D e il Partito Democratico hanno superato la soglia necessaria. Il parlamento di NKR è composto da 33 deputati. Nella sua prima dichiarazione alla stampa ha detto: “Sono pronto a collaborare con tutti. Ho indicato l’agenda di lavoro: un programma socio-economico generale, la questione del Karabakh, la sicurezza e un lavoro armonioso con il governo dell’Armenia. Sono pronto a collaborare con tutti attorno a questo programma. Presto inizierò gli incontri con i partiti politici parlamentari e sono aperto alla cooperazione anche con i partiti politici non parlamentari“, ha affermato Harutyunyan.

    Il nuovo Presidente dell’Artsakh è un ex combattente per l’indipendenza. Nel 1992 si unì all’Esercito di difesa del Nagorno Karabakh e partecipò alla guerra di liberazione. È laureato in economia all’Università dell’Artsakh, è stato poi bancario. In seguito è stato direttore in alcune imprese private. Fra il 1995 ed il 1997 è stato assistente del Ministro delle finanze. Il suo ingresso in politica risale al 2004 allorché appoggiò uno dei candidati all’elezione di sindaco della capitale. È sposato ed ha due figli. È già stato primo ministro nel 2017

    All’appuntamento elettorale erano stati accreditati 9 rappresentanti di media internazionali, oltre 37 punti di osservazione per i mass media accreditati con 197 rappresentanti. C’erano anche osservatori di vari organismi internazionali come l’ONG Civic Pill, Legal Education NGO-119, Aparaj Youth Union, Hayk Serund, ONG dell’Unione dei cittadini, la ONG del Centro internazionale anticorruzione di Transparency e altre minori per un totale di circa 600 membri di 38 paesi. La situazione legata all’emergenza del Coronavirus ha in parte modificato la presenza fisica di alcuni di loro ma ogni organismo è riuscito a garantire la presenza di suoi membri.

    L’alta partecipazione popolare e il coinvolgimento degli elettori sono sicuramente un messaggio forte alla Comunità internazionale e verso Baku (Azerbaigian), una conferma della volontà giustificata del proprio diritto all’indipendenza e alla sovranità nazionale. La propaganda dell’Azerbaijan verso la comunità internazionale, non può offuscare questa realtà di fatto. Non va dimenticato che alla vigilia delle elezioni in Artsakh, i propagandisti azeri supportati dalla Turchia, hanno cercato di influenzare i paesi mediatori nel processo di soluzione pacifica del conflitto, invitandoli a priori, a non presenziare con osservatori e a non riconoscere i risultati delle elezioni statali in Artsakh.

    Per le autorità dell’Artsakh queste elezioni sono la dimostrazione che questa prospettiva non può più essere messa in discussione, come d’altronde quasi trent’anni di effettiva indipendenza sono lì a testimoniare.
    Vladimir Zakharov, direttore dell’Istituto di studi politici e sociali della regione del Mar Nero-Caspio (Mosca) e osservatore della Russia, intervistato nella capitale del NK, ha affermato: “Baku e Ankara diranno quello che vogliono, ma ciò non significa che stiano dicendo la verità. Se rimarranno su queste posizioni finiranno in una fossa. È impossibile persuaderli perché hanno uno scopo chiaro. Hanno bisogno di una guerra, vogliono un’escalation qui. È tempo di riconoscere che Artsakh è uno stato. Qui vi è un processo ormai irreversibile”. Per la Russia, che è in stretta alleanza con l’Armenia, sulla base della cooperazione militare del CSTO (e fa anche parte dell’Unione Eurasiatica), che però ha costantemente cercato anche di non danneggiare le relazioni con l’Azerbaijan, arrivare ad una soluzione della questione di quell’area, è un obiettivo geopolitico di non secondaria importanza.

    Un ennesimo conflitto provocherebbe il coinvolgimento dell’Armenia, costringendo la Russia ad un coinvolgimento sul campo, questo da un lato frena la bellicosità azera sapendo che in simile scenario non ci sarebbe partita militare possibile, ma complicherebbe ulteriormente le relazioni con la Turchia, alleata degli azeri (che sono di discendenza turca, seppure sciiti).

    La posizione dell’Armenia, che non ha rivendicazioni sull’Azerbaijan, è quella di cercare semplicemente di mantenere lo status quo in Nagorno Karabakh e altrove. Per questo motivo non ha alcun interesse a iniziare una guerra e incendiare la regione caucasica.

    Azerbaijani press: Azerbaijani ambassador responds to Italian journalist’s bias

    •  

    • KARABAKH CONFLICT

    Online newspaper Opinione Pubblica has published a letter of response by Azerbaijani Ambassador to Italy Mammad Ahmadzada to a biased article by Italian journalist Emanuele Vigna, the Azerbaijani Embassy told News.Az.

    The article by Italian journalist contains distorted and biased information about the so-called “elections” recently held in the occupied Azerbaijani territories, as well as about the Armenia-Azerbaijan Nagorno-Karabakh conflict.

    In his letter, the ambassador said that the journalist ignored historical facts and the underlying realities of the current situation in the region. Giving detailed information about the roots of the conflict, the diplomat provided facts proving that Karabakh historically belongs to Azerbaijan, and Armenians were then resettled to this region.

    He said that the Armenian military aggression against Azerbaijan has resulted in the occupation of the Nagorno-Karabakh region and seven surrounding districts, as well as the exile of over a million Azerbaijanis from their native lands. 

    Ahmadzada also informed that Armenia, in a gross violation of humanitarian law, has committed numerous war crimes, including the Khojaly Genocide – the most tragic event during the conflict – which claimed the lives of 613 innocent Azerbaijanis on the night of 25-26 February 1992.

    The ambassador added that documents of numerous international organizations, as well as the relevant UN Security Council resolutions that demand the withdrawal of Armenian troops from the occupied Azerbaijani territories and the return of refugees and IDPs to their native lands, are ignored by Armenia.

    To cover up the consequences of its military aggression, Armenia created a puppet regime in the occupied Azerbaijani territories, Ahmadzada noted. “This regime is ultimately nothing more than the product of racial discrimination and is not recognized by any country, including Armenia itself.

    The diplomat also said that the recent so-called “elections”, like all the others, were considered illegal, as well as condemned and rejected by the international community, numerous international organizations and states, including Italy.

    In is response, the ambassador told the Italian journalist that elections in the Nagorno-Karabakh region of Azerbaijan may be held only within the Constitutional framework of the Republic of Azerbaijan and full participation of the entire population of the region.

    “Any election will be possible only after the withdrawal of the Armenian occupying forces and return of the expelled Azerbaijani population to their places of origin,” he added.

    In the end, the ambassador called on the journalist to take an unbiased and objective approach to the Armenia-Azerbaijani conflict.

    Read the full text of the article by clicking http://www.opinione-pubblica.com/nagorno-karabakh-la-replica-dellambasciatore-ahmadzada/


    Azerbaijani press: Legendary hero of Tehran-43 – Trend News Agency’s video project

    BAKU, Azerbaijan, May 19

    Trend:

    A video project entitled ‘Legendary Hero’ was prepared by Trend News Agency, which narrates the story of legendary Azerbaijani intelligence agent Mammadhuseyn Asadov, Trend reports.

    Some time ago, ‘Azerbaijani intelligence officer and the Tehran-43 Conference’ book was published in the Azerbaijani and Russian languages, timed to the 75th anniversary of the Victory in the Great Patriotic War. The book features the life of legendary intelligence officer, his professionalism and heroism during the Great Patriotic War.

    The book authors are Deputy Chairman of Azerbaijan’s ‘Alliance’ Public Union of Veterans of Security Bodies Azer Garayev, and Azerbaijani MP Arzu Naghiyev.

    The facts and testimonies published in the book also expose the intentions of the Armenians to falsify the events of the Great Patriotic War period.

    The video project is based on archival documents and historical facts reflected in the book.

    The project tells in details how Asadov obtained information about German intelligence’ plan to assassinate the USSR, US and UK leaders Joseph Stalin, Winston Churchill and Franklin Roosevelt on the eve of the Tehran Conference, which was held on November 28, 1943, with their participation.

    For the exceptional role in the successful conducting this operation, Mammadhuseyn Asadov was awarded ‘Lenin’ and ‘Red Star’ orders.