Central Bank of Armenia: exchange rates and prices of precious metals – 24-01-24

 17:17,

YEREVAN, 24 JANUARY, ARMENPRESS. The Central Bank of Armenia informs “Armenpress” that today, 24 January, USD exchange rate down by 0.36 drams to 404.76 drams. EUR exchange rate down by 0.40 drams to 439.97 drams. Russian Ruble exchange rate down by 0.01 drams to 4.59 drams. GBP exchange rate down by 0.46 drams to 514.57 drams.

The Central Bank has set the following prices for precious metals.

Gold price down by 23.40 drams to 26307.76 drams. Silver price down by 0.25 drams to 288.90 drams.

Russia, Finland terminate cross-border cooperation agreement

 19:36,

YEREVAN, JANUARY 24, ARMENPRESS. Russia and Finland terminated an agreement on facilitating cross-border cooperation on Wednesday, RIA Novosti reported.

It quoted the Russian embassy in Finland as saying this was “due to the targeted actions taken by the Finnish side in 2022-2023 to sever multifaceted ties with Russia.”

In October, the Russian Foreign Ministry handed a note to the Finnish Ambassador to Russia, Antti Helantera, notifying their neighbor they were terminating the agreement between Moscow and Helsinki on promoting cross-border cooperation. The agreement had been signed in Helsinki on April 13th, 2012. The termination was agreed to by both sides.

The Finnish government closed all its eastern border crossings with Russia to passenger traffic in mid‑December, 2023. The border closure, originally valid until January 14, 2024, has been extended until Feb 11th.

Russia opposed Finland’s decision, saying that this action violated the rights and interests of both Finns and Russians.

Finland shares a 1,340 kilometer border with Russia. After being admitted to NATO last April, its border became a common border with a member of NATO.

Hungary’s Orban confirms support for Sweden’s NATO membership in phone call with Stoltenberg

 19:45,

YEREVAN, JANUARY 24, ARMENPRESS.  Hungarian Prime Minister Viktor Orban told NATO secretary-general Jens Stoltenberg in a phone call that the Hungarian government supports Sweden's membership of the military alliance, Orban said on social media platform X on Wednesday.

"I reaffirmed that the Hungarian government supports the NATO-membership of Sweden," Orban said in the post.

Orban added that he also told Stoltenberg that he will continue to urge the Hungarian national assembly to vote in favour of Sweden's accession to NATO and conclude the ratification at the first possible opportunity.

Armenian Ombudsperson participates in the Leadership Forum of European Network of National Human Rights Institutions

 21:25,

YEREVAN, JANUARY 24, ARMENPRESS. Armenian Human Rights Defender Anahit Manasyan participated in the Leadership Forum of the European Network of National Human Rights Institutions (ENNHRI) in Belgium on January 23-24.

According to the Human Rights Defender's Office, about 30 representatives of the ENNHRI member countries took part in the event. Various issues related to human rights and the rule of law were included in the agenda of the discussions.

According to the source, European Commissioner for Justice Didier Reynders  gave a keynote speech at the Leadership Forum organized for the heads of national human rights institutions.

Armenpress: Azerbaijani delegation faces one year suspension from PACE

 21:38,

YEREVAN, JANUARY 24, ARMENPRESS. The Parliamentary Assembly of the Council of Europe has resolved  not to ratify the powers of the delegation of Azerbaijan. 

With this decision, the Azerbaijani delegation has been removed from the PACE for at least a year.

The delegation of Azerbaijan may resume its activities in the Assembly when conditions provided by the Rules of Procedure are met, Ruben Rubinyan, Vice President of the National Assembly of Armenia said on social media. 

He added that minutes ago, PACE voted not to ratify the credentials of Azerbaijan’s parliamentary delegation.

In the adopted resolution, the Assembly refers to the resolution adopted in June 2023, "Ensuring Free and Safe Movement through the Lachin Corridor," by  which the Assembly confirmed the absence of free and safe movement through the Lachin corridor. The Assembly was struck by the fact that the leadership of Azerbaijan did not realize the very serious humanitarian consequences and the human rights implications arising from this situation, which lasted almost ten months. The Assembly deeply regrets that the PACE Rapporteur on the Lachin Corridor did not have the opportunity to travel to the Lachin Corridor as part of the fact-finding mission.


The Assembly also cited the situation in Nagorno-Karabakh, noting that Azerbaijan’s leadership “did not acknowledge the very serious humanitarian and human rights consequences” stemming from the lack of free and safe access through the Lachin Corridor, and recalling the Assembly’s condemnation of the September 2023 military operation “which led to the flight of the entire Armenian population of Nagorno-Karabakh to Armenia and to allegations of ‘ethnic cleansing’.”
According to the Assembly, Azerbaijan has “not fulfilled major commitments” stemming from its joining the Council of Europe 20 years ago.

“Very serious concerns remain as to [Azerbaijan’s] ability to conduct free and fair elections, the separation of powers, the weakness of its legislature vis-à-vis the executive, the independence of the judiciary and respect for human rights, as illustrated by numerous judgments of the European Court of Human Rights and opinions of the Venice Commission,” the parliamentarians said.

The parliamentarians cited a number of examples of “lack of co-operation” with the Assembly, including that its monitoring rapporteurs were not allowed to meet with persons detained on allegedly politically motivated charges, it had not been invited to observe the forthcoming presidential election, and other PACE rapporteurs had been refused visits to the country.



Marches Planned for Persecuted Armenians

The European Conservative
Jan 24 2024
The Armenians of Artsakh have endured ethnic cleansing by Azerbaijan’s government and military.

OUTLOOK 2024 Caucasus

Jan 24 2024
By bne IntelliNews 

2023 was the year that Azerbaijan finally took over Nagorno-Karabakh, its dream since the collapse of the Soviet Union three decades ago.
 
In a surprise offensive in September, Baku’s forces attacked the ethnic Armenian enclave, forcing its de facto government to surrender after a day’s fighting. Subsequently, virtually the entire population of the disputed territory, more than 100,000 people, fled to Armenia.
 
To some extent the collapse of the statelet and the humanitarian tragedy of the refugee exodus should have been predictable after the rout of Armenian forces in the Second Karabakh war of 2020, which ended in an unstable Russian-mediated peace.
 
Since then Azerbaijan’s position has strengthened even further. Russia, the guarantor of the peace, has – on the most charitable view – been diverted by its failed invasion of Ukraine.  More cynically, many observers argue it has in fact changed sides and has chosen to back the rising Azerbaijan, which is now much more important for its trade connections, given its routes westwards through Ukraine are now blocked. This has all given President Ilham Aliyev the freedom to flex his new economic and military muscles, and his alliance with a more and more assertive Turkey.
 
What was perhaps not so predictable was the way the international community sat on its hands. Azerbaijan’s growing importance as an energy producer has made Europe turn a blind eye to both Aliyev’s human rights abuses and his aggressive posturing. Despite some wringing of hands, Europe and the US did nothing significant to either restrain the Azerbaijani dictator from invading or protect the inhabitants of Nagorno-Karabakh afterwards from being in effect ethnically cleansed.
 
Iran, which has tense relations with Baku, was also strangely quiet and quickly adapted to the new regional balance of power, which could also offer it some trade benefits if a corridor is built through its territory to connect Turkey and Azerbaijan.
 
The big question for 2024 is whether Aliyev will be content with his territorial gains. Baku continues to put pressure on Armenia for some kind of extra-territorial route to connect to its exclave of Nakhchivan and beyond to Turkey. It has also begun to repeat old claims to some villages inside Armenia proper, warning that until it is satisfied it will maintain some mountain positions on the disputed border that it has seized. Armenia fears this could all presage another attack. A full-scale invasion, however, looks unlikely, particularly in a year when Baku is hosting the COP29 environmental conference in November. Aliyev appears to want to achieve his objectives by threats.
 
As for Armenia, Prime Minister Nikol Pashinyan is determined to achieve peace, even at the cost of cutting Nagorno-Karabakh adrift. The real question this year is to what extent he is prepared to make significant concessions to reach a deal, notably on the issues of the return of refugees, the redrawing of borders, and a “Zangeur Corridor” connecting Azerbaijan to Nakhchivan.
 
So far the weakness of the political opposition has enabled Pashinyan to ride out the storm of the collapse of Nagorno-Karabakh, as he did in 2020 when Azerbaijan routed Karabkh and Armenian forces. Armenia also seems to be coping well with integrating the Karabakh refugee wave.
 
A peace deal would offer Yerevan the chance to open up transport connections with both Azerbaijan and Turkey that could transform its economy and that of the region. It would also provide an opportunity to push Russia out of the southern Caucasus, as it would no longer be needed as a guarantor of the peace – a role it has anyway flunked. Armenia has already begun to strengthen its links with the West, notably France. Yet Russia still has many levers it can pull inside Armenia. Pashinyan’s challenge in the coming year is going to be manoeuvring between Russia and the West, without provoking Moscow into even more overt attempts to bring him down.
 
In Azerbaijan, Aliyev looks increasingly impregnable following Baku’s victory over the tiny Nagorno-Karabakh army. Taking advantage of this, he has called early presidential elections to be held in February, a year earlier than originally planned. But the Aliyev family, which has ruled the country for 30 years, is taking no chances in the façade elections. It has launched a wave of arrests and currently more than 200 people are held as political prisoners.
Georgian dreams
The other big event of the year was the European Commission’s decision on  December 14 to finally grant candidate status for EU membership to Georgia, after turning it down in 2022. The green light was more a reflection of the geopolitical environment than any progress Tbilisi has made to fulfil the conditions the EU had set. Failing Georgia again could have pushed the Georgian Dream government to accelerate its already worrying drift towards Moscow.
After Russia’s invasion of Ukraine, Georgia steered a middle course, refusing to join sanctions on Moscow but also not obviously acting as a backdoor to help the Kremlin evade them. But last year Georgia appeared to be moving closer to Moscow, with deepening economic ties and a resumption of direct flights.
 
The increasingly authoritarian government even proposed a Russian-style foreign agent law, though it eventually backtracked after a domestic outcry and Western pressure. It also unfroze the bank assets of sanctioned former Prosecutor General Otar Partskhaladze ­–­ who is closely linked to the billionaire founder of the ruling Georgian Dream party Bidzina Ivanishvili, who made his fortune in Russia ­­– causing the International Monetary Fund to suspend its programme in the country.
 
The big question on Georgia this year is whether the government will finally get serious about qualifying for EU membership. Several conditions remained unfulfilled and the EU added three more.
 
The list now includes: deoligarchisation; depolarisation of politics; fighting disinformation and foreign (Russian) interference; improving the independence of the electoral system; removing state control from the judicial system; strengthening the independence of other government institutions, such as the police and the national bank, greater parliamentary and public oversight of the security services' work;
harmonising foreign affairs with the EU; empowering anti-corruption agencies; and strengthening human rights protections.
 
Many of these look extremely challenging – especially with elections scheduled for October. It would be optimistic to expect the EU to decide to open negotiations at the end of the year.
 
In those elections Georgian Dream looks well placed, given that the United National Movement, the largest opposition party, has experienced a split, raising questions about its future. Ivanishvili, Georgian Dream’s founder, last month announced his return to frontline politics to assure his party’s victory – and also defuse EU criticism that he was pulling the strings from behind the scenes.
 
Sanctions rebound
 
For the economies of the three South Caucasus countries, 2023 was a surprisingly good year. All three countries are closely connected with Russia’s struggling economy but given that country’s resilience to sanctions, the impact of the Ukraine war and sanctions has not been as bad as expected. Moreover, the region has also benefited from the redirection of trade, as well as the influx of Russian migrants and capital flows. In the first 10 months, Armenian exports to Russia increased by 63% to approximately $2.9 billion. This has all boosted demand, labour supply, GDP growth and current accounts.
 
For Georgia, two thirds of whose exports go to the Commonwealth of Independent States (CIS), GDP growth in 2023 is forecast at close to 7%, though this will ease to 4.8% this year, according to the IMF. Inflation dropped to 0.4% at the end of the year, allowing rate cuts and boosting consumption, helped by wage growth of 17%.
 
In terms of vulnerabilities, the current account deficit widened to an estimated 5.9% of GDP in 2023 and is expected to increase to 6.4% in 2024. By contrast, gross external debt has fallen to around 79% of GDP as of the third quarter of 2023, the lowest level since 2014, and by November 2023, the National Bank of Georgia's international reserves hit a record high of $5.1 billion.
 
The Armenian economy was projected to grow by 7% in 2023, followed by 5% in 2024, with private consumption and investment as the main drivers of this growth. Inflation is expected to average 3.5% in 2023 and accelerate to 4% in 2024.
 
In terms of vulnerabilities, the main worry for Armenia is the budget, given the cost of integrating the Karabakh refugees and building up the country’s defence capacity. The government expects the state budget deficit to increase to 4.6% of GDP in 2024, compared to the planned 3.1% for 2023.
 
Petrostate Azerbaijan’s economy has been the poorest performer of the three because of falling oil prices and its declining oil production. In 2023 Azerbaijan's oil production with condensate decreased by 7.4% to 30.2mn tonnes. In 2024 oil production is forecast to fall a further 3% to 29.49mn tonnes. In terms of gas production, there was a 3.2% increase to 48.3bn cubic metres in 2023, with 2024 output expected to rise by 0.7% to 49.06 bcm.
 
This translated into a decline in the oil and gas sector of 1.7%, while the non-oil and gas sector grew by 3.7%, resulting in an estimated increase of just 1.1% in real GDP.
 
ING predicts 2.5% growth this year, while inflation is forecast to fall to 5% from an estimated 9.1% in 2023, which may help consumption revive. Future growth should also be boosted by reconstruction of the reconquered Nagorno-Karabakh territory.
 
The foreign exchange reserves of the Central Bank of Azerbaijan at the end of the year were a massive $11.613bn, up by 29.1%.

 

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Starting From February 1, UAE Removes Entry-Visa Requirements For Citizens Of The Republic Of Armenia

Jan 24 2024
by Deeplata Garde
Starting February 1, 2024, citizens of the Republic of Armenia can enter the UAE without the need for an entry visa. Here’s how the UAE has streamlined travel processes for Armenia. However, travellers are advised to ensure their passports remain valid for at least six months from the date of arrival. The visa exemption allows a maximum stay of 90 days within each 180 days. This offers flexibility for various travel purposes.

The United Arab Emirates (UAE) is set to enhance its global connectivity by offering visa-free travel to citizens of the Republic of Armenia. It’s all set to be effective February 1, 2024. This significant announcement reflects the UAE’s commitment to fostering international relations. Also, it will facilitate seamless travel experiences.

In a strategic move, the UAE has decided to eliminate entry visa requirements for citizens of Armenia, signifying a major milestone in diplomatic relations. This policy shift aims to promote a more open and accessible environment for travellers, allowing citizens of the Republic of Armenia to enter, exit, and transit through the UAE without the burden of entry visa formalities and associated fees.

This landmark decision follows Armenia’s ongoing commitment to providing a streamlined visa protocol for UAE passport holders. UAE citizens are currently privileged with visa-free travel to Armenia for up to 180 days within a year. This reciprocal arrangement facilitates not only increased tourism but also paves the way for deeper cultural exchanges between the two nations.

Also, the elimination of visa requirements marks the beginning of a new era.  This progressive step will further strengthen bilateral ties, creating opportunities for collaborative growth and cultural understanding. It aligns with the UAE’s vision of being a global hub that welcomes diverse cultures and promotes international cooperation.

This recent development not only enhances the global connectivity of the UAE but also signifies a commitment to fostering stronger diplomatic, cultural, and economic bonds with Armenia. As the two nations embark on this journey of collaboration, the visa-free travel initiative will in the future unlock new opportunities for tourism, trade, and mutual growth. Overall, it will positively impact the relations between the Republic of Armenia and the United Arab Emirates.

Cover Image Courtesy: Canva Stock Images

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https://curlytales.com/starting-from-february-1-uae-removes-entry-visa-requirements-for-citizens-of-the-republic-of-armenia/

"Baku has no political will to settle relations" – Armenian Foreign Minister

Jan 24 2024
  • JAMnews
  • Yerevan

Ararat Mirzoyan on settlement

“The rhetoric we witnessed in the latest interview of the Azerbaijani president does not allow us to lower our vigilance for a second. We have heard outright territorial claims to Armenia’s sovereign territories,” the Armenian Foreign Minister said, referring to a possible escalation on the Armenian-Azerbaijani border.

Ararat Mirzoyan emphasized that Ilham Aliyev “distorts” the names of cities and regions of Armenia and calls the entire territory of the country “Western Azerbaijan”. All this convinces the Minister that “Baku has no political will to settle relations”.

He believes that there is constantly a possibility of a new escalation, especially this year, as elections in the U.S. and European Parliament are to come. At the same time, he does not notice a weakening of international interest in the Armenian-Azerbaijani peace process. He believes that a “settlement using the language of threats” is unacceptable for international actors. He regards the position of partners in this regard as objective and balanced.

Summing up the results of 2023, the Foreign Minister talked about the peace treaty with Azerbaijan, border delimitation, opening of regional communications, normalization of relations with Turkey and other issues important to Armenia.


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Commenting on the peace process with Azerbaijan, the Armenian Foreign Minister emphasized a noticeable regression on key issues. In the latest interview with Aliyev, he notices a step backward even from the preliminary text of the Azerbaijani proposal:

“The Azerbaijani president insisted that new borders should be drawn, or some pre-Soviet borders should be taken as a basis. No one has the authority to draw new borders. And we strongly adhere to the position that during the delimitation process the commissions of the two countries should reproduce the borders drawn on legal grounds, in the form in which they existed at the time of the collapse of the USSR.”

According to the Minister, the statements of the Azerbaijani President on unblocking regional transport by corridor logic do not contribute to the settlement of relations. That is, Armenia will provide roads with the loss of control over these territories. In the same vein, Mirzoyan regarded Aliyev’s words that the Azerbaijani Armed Forces will not leave the territories of Armenia, where they have advanced since 2021.

The Armenian Foreign Minister called the agreement reached with Azerbaijan on prisoner exchange in December last year a “positive event”. At the same time, he noted that “unfortunately, this constructive approach has not been continued.” According to the minister, a regression is observed both in the text of the peace treaty exchanged between the parties, and in Baku’s official position and refusal to hold summit meetings.

The journalists were interested in how Yerevan treats the proposal of direct negotiations without the participation of mediators. Mirzoyan considered this question “artificial”. He says that the negotiations that have taken place so far can also be considered direct and that different partners helped, organized meetings, but the parties by and large negotiated directly with each other:

“This issue is not fundamental for us, the content of the negotiations and the principles around which they should take place are fundamental.”

The Minister expressed the hope that “Azerbaijan will soon return to the constructive field and it will be possible to finalize the peace process started long ago”.

He said that he has not received a proposal for a meeting on the border, but if it is received, it will be considered. There is no agreement on a meeting at the level of foreign ministers or state leaders.

Mirzoyan emphasized that Yerevan is ready to take steps to strengthen confidence between Armenia and Azerbaijan. He recalled that maps of minefields – all the information available at the time – were given to the Azerbaijani side twice:

“However, we have periodically heard complaints that these maps are not very effective and do not reflect the exact location of the mines. In this regard, it is appropriate to recall that Azerbaijan itself started this process of mine clearance in the early 90s.”

At the same time, the minister said that now the relevant bodies in Armenia are working on collecting new information about the mines. He did not rule out that if they manage to obtain reliable information, it would also be provided to Baku.

According to Mirzoyan, the special representatives of Armenia and Turkey on normalization of relations between the two countries did not meet in 2023.

“No tangible progress on the settlement of relations without preconditions has been seen.”

He recalled that he himself and Prime Minister Nikol Pashinyan met with their Turkish counterparts during the year, which is a “positive basis”.

However, he noted that even the agreements reached earlier have not been fulfilled. In particular, he refers to the opening of the border by Turkey for representatives of third countries, which was agreed upon by the special representatives in July 2022.

https://jam-news.net/ararat-mirzoyans-n-settlement/

Scammers make half a million dollars in Armenia with the help of AI neural networks

Jan 24 2024
  • Sona Martirosyan
  • Yerevan

Scam with neural networks

Internet scammers have robbed gullible citizens of Armenia of half a million dollars with AI neural networks to create promotional videos in which famous people urge investing in various commercial projects and profit-sharing schemes.


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“What I did is just stupid. I’m ashamed to talk about it because I was always sure I was an educated, informed person. A person of my type cannot fall victim to such a cheap deception. But it happened,” says 38-year-old Anush K.

She teaches social studies at a high school in Tavush province and fears that her students will stop trusting her if they learn about the incident:

“I also teach media literacy as part of the social studies subject. Can you imagine how ridiculous it is that a person who talks about safe behavior on the internet every day, gives their money to scammers?”

Anush, like thousands of other residents of Armenia, was the victim of an internet scam that was distributed on behalf of Gazprom Armenia.

According to the Armenian Investigative Committee, the victims have already “invested” half a million dollars in the non-existent financial system.

“With the help of neural networks, scammers created advertisements in which well-known figures – politicians and businessmen – call for investing in various projects or purchasing shares of various companies, including Gazprom Armenia CJSC.” The victims are mostly people who are not familiar with technology and agree to provide their bank details,” the Investigative Committee said.

Anush was “persuaded” to invest by Prime Minister Nikol Pashinyan, whose image was also used by the scammers.

“I knew that modern information technologies make it possible to duplicate the appearance and voice of any person. But I thought it was impossible to create such a video that would not differ at all from the real one. In the video I saw, Pashinyan’s voice, facial expressions and speech were absolutely real. It was my mistake to believe what I saw.”

Here is one such video that has been circulating on Facebook

After watching the video, Anush clicked on the link provided in the video description. A page appeared on her phone screen, asking her to enter her name, surname and phone number.

She says that if the first link had asked for bank details, she would have had doubts. Immediately after entering her personal details, she received a call via the WhatsApp app. A man named Andrei explained the details of the transaction in Russian. Anush says the young man’s words did not inspire confidence, she disconnected the call and did not respond to subsequent ones.

“It seemed suspicious to me that the call was from abroad, that the guy spoke Russian. I thought it wasn’t worth making a dubious deal. But a few hours later, the call came from an Armenian number. A young woman spoke to me in Armenian. She said that the program allowed me to invest starting from $300, after which I would get a significant profit.

She explained that specialists, who understand securities, instead of us, send our money to buy such shares, which in a few days are sold two or three times more expensive. Allegedly, that’s how the profits are generated. I agreed, but decided to take my time. Over the next two days, this woman kept calling and asking why I hadn’t invested the money. During the last conversation, she said that the stock market was changing from day to day and that it was impossible to delay.”

Following instructions, Anush posted her bank details on the website and received a notification that the money had been transferred from her card. A few days later, the phone numbers from which she was contacted – both Armenian and foreign – were unavailable.

“Then we had to go to the bank, block this card and related accounts, get a new card. I realized that they already had all the data of this account, and any amount appearing on this card would immediately go to them.”

Her husband also insisted that she go to the police. The application was accepted, but she was warned that such cybercrimes are difficult to solve. Fraud groups operate from different countries using secure communications, so it is not easy to detect them or track their movements.

The success of scammers lies in carefully thought-out advertising, says information security expert Samvel Martirosyan:

“They shoot high-quality videos using the faces of famous people. Then they distribute them using advertising on Facebook and Instagram. Many people say that all their pages should be blocked and they should not be allowed to create new ones. But this is impossible. After all, ads are placed through constantly changing and even hacked pages. Vigilance is essential.”

There are signs of deception that should alert people, the expert said. For example, when strangers suggest investing a small amount, but get a big profit. According to Martirosyan, before investing money, it is necessary to study a particular market, to understand what interest rates are offered here. Scammers usually offer much higher percentages.

“A normal business offers 10-20 percent annual return on investment. And when it comes to investing with getting 20, 30, 40 or more percent per week, believe me you are being scammed. Especially when the offer comes from a stranger.”

As soon as a person invests an amount of money, he immediately finds himself “in the crosshairs of fraudsters”. They start working with him individually, using methods of psychological influence. Often those who made the first deposit are actually transferred a certain amount of money so that they tell others about it and attract more people.

“When someone receives a money transfer, they say, ‘If you tell your friends and acquaintances, you will get money for this. And when they get a certain number of people, they take all the money and disappear. But since they are not simple swindlers, they start calling the person again, demanding to invest the amount again, saying that the previous deposit is frozen.

After a certain period of time this person can even see his name and surname on some pages indicating the amount. And he thinks it is his money, but it is not. These are just drawn figures on which they are trying to build new frauds,” says Martirosyan.

And when the “victim” already intends to apply to law enforcement agencies, it even comes to threats.

According to the expert, scammers do not stop there. At the next stage, when a person realizes that all these steps are useless, they start calling him again with an offer of help. Some people present themselves, for example, as representatives of a large Swiss company, but are in fact from the same group demanding a fee for their services.

The mass involvement of Armenian residents in this manipulative process is due to several circumstances, psychologist Hayk Baghdian believes. Among them are the high threshold of social insecurity, as well as psychological traumas resulting from the tragic events of recent years. The psychologist says that wars make people especially vulnerable and Armenia is no exception:

“First of all, a person with psychological trauma starts to be told what he can achieve with the help of this money. For example, they say that you will get rich, you will have the house of your dreams, you will provide everything you need for your family. They create in his perception a certain desired future, what he dreams of. The impact of this technique increases when a person has a feeling of emptiness and needlessness, when the present does not satisfy him. And he begins to think that if he accepts this offer, life will become full.”

Regarding videos distributed by fraudsters and their impact, Bagdyan emphasizes that any advertisement contains elements of manipulation. And advertisements created for this purpose are usually well thought out and have maximum impact on the subconsciousness of a person. That is why it is very difficult to refuse this temptation, and it requires attention and vigilance.