Sports: Regis Le Bris delivers verdict on Sunderland prospect Finn Geragusian

One Football
Mar 27 2026

Regis Le Bris delivers verdict on Sunderland prospect Finn Geragusian after senior Armenia call-up


Regis Le Bris has praised Sunderland youngster Finn Geragusian after the striker earned his first senior Armenia call-up. According to Sunderland Echo, the 18-year-old has been included by head coach Yegishe Melikyan for friendlies against the United Arab Emirates and Belarus.

Geragusian is yet to make a first-team debut but has stood out for the U18s and U21s. He travelled for FA Cup ties at Oxford United and Port Vale this year and was on the bench against the latter.

Melikyan said the call-up is to assess him at senior level and judge his national-team future, while stressing he is not ready yet. He praised Geragusian’s qualities and fit, and noted Armenia’s issues up front mean every option is being considered.

Geragusian called the selection unbelievable, said he is proud to represent his country and family, and wants to learn from new coaches and team-mates.

Le Bris said the forward impressed in first-team training, citing his character, physicality and alignment with the club’s mentality. He added that in this league teams need two strong centre-backs, a strong forward and competitiveness in duels, first contact and second balls, and that Geragusian is well rounded but still needs experience.

This season he has 13 goals and three assists from 27 outings across the U18s and U21s. In Premier League 2 he has three goals and two assists in 10 games.

Source: Sunderland Echo

Film: Four wives, two passports and a very elusive butterfly: one woman’s sear

The Guardian, UK
Mar 27 2026

Rena Effendi’s film Searching for Satyrus began with a quest for the endangered insect that bears her family name. Before long, she was reckoning with secrets, lies and the mysterious life of her wayward dad


Patrick Barkham


High in the Caucasus mountains, the photojournalist Rena Effendi is searching for the butterfly that bears the name of the father she hardly knew. It is rocky, bleak, beautiful – and impossible. The grass is fried yellow by the increasingly fierce summer sun, the butterfly’s food has been grazed by sheep and, if it exists at all, Satyrus effendi usually flies only as a single insect across a square kilometre of rock, scree and slope.

A butterfly hunt makes an unlikely subject for a prize-winning documentary, but Searching for Satyrus is a gripping quest that reveals a remarkable part of the world little known to western audiences while examining issues from war and nationalism to global heating and extinction. Ultimately, however, Effendi’s search for her father’s butterfly becomes a moving reckoning with the secrets and lies in her family and the life of her wayward father.

Satyrus effendi is a melancholic, brooding butterfly,” warns her fellow hunter, the lepidopterist Dmitrii V Morgun, one of half a dozen people on the planet who have seen this elusive, ephemeral, endangered creature. The butterfly is a perfect metaphor for Effendi’s father, Rustam Effendi, a brilliant Azerbaijani butterfly scientist who was a flighty, capricious figure in Effendi’s childhood.

An “incorrigible” womaniser and wine lover – in the words of one of Effendi’s half-sisters – Rustam was rarely at home when Effendi was growing up. He ran relationships in parallel, eventually divorced Effendi’s mother and died when Effendi was 14. She remembers only women gathered around his coffin: three of his four wives, a half-sister and several other women she didn’t know. At the same time, the Soviet Union collapsed and Effendi’s home country, Azerbaijan, went to war with Armenia. While Donald Trump has taken the credit for a tentative peace deal, that conflict has still not ended. Growing up, Effendi pushed memories of her difficult father from her mind until, on impulse, she searched for his name online in 2017.

Reading a Wikipedia page in Russian, she discovered he had a butterfly named after him. Satyrus effendi was critically endangered and flew only in the mountainous borderlands between Azerbaijan and Armenia. “I thought: what a story – that this butterfly had to be there and nowhere else. And it carries my father’s name and it carries my name,” she says now on a video call from her home in Istanbul.

When another phase of the unending war saw Azerbaijan recapture these borderlands, it became possible for Effendi to retrace her father’s footsteps from the country’s capital, Baku, to the mountains where he found the butterfly.

The film unfurls much as Effendi’s quest did. She begins at the underfunded Institute of Zoology, where she discovers that the rare butterflies painstakingly collected by her father during decades of research and adventures are decaying – literally turning to dust.

Free movement was possible for her father in Soviet days, but is less easy for Effendi. She eventually obtains special permission to enter Armenia. “After about an hour of questioning and the bewildered policeman asking: ‘What are you doing here?’ – ‘I’m here to hunt for this rare species of butterfly,’ sounded like a perfect spy cover story – they let me in,” she says.

Her search for the butterfly is rooted in a quest to discover who her father really was. Her memories of him are fragments – appearing at home and then disappearing again on butterfly-hunting missions. “He had an almost ghostly presence in my life,” she says. “I would find jars with insects inside and his negatives in the wardrobe – vestiges of his life – around the house. One of the reasons for me to delve into this film was he had a full life outside our home. And I wanted to paint that picture of him in more vivid colours, but I couldn’t find those colours in my own history.”

When she became a photojournalist, she spotted the parallels between her career and his. “There is the hunt, its solitary nature, all the wandering and waiting until the moment comes and then you have to act fast, with a net or with a camera. It’s almost identical. Every butterfly comes with a story; every picture comes with a story. He collected thousands of butterflies; I have thousands of pictures in my archive. Pinning down a butterfly is like pinning down a moment. Even those tiny labels that he wrote [under pinned butterflies] – I see them as captions to my photographs.”

I wanted to paint a picture of him in more vivid colours, but I couldn’t find those colours in my own history

On her visit to Armenia, Effendi’s best find is an old lepidopterist friend of her father, Pavlik Kazaryan, an ethnic Armenian Baku native who became a refugee during the conflict and moved to Armenia. They head into the mountains to hunt for her father’s butterfly, armed with a net that Kazaryan reveals was made to Rustam’s design, based on a bra. Rustam “multiplied beauty” by having three daughters, Kazaryan says. But Effendi is called “little Effendi invisible girl, just like a butterfly” because, Kazaryan says, his mentor never spoke of her. “He was like a father to me, a good one,” he tells Effendi.

Why wasn’t he more of a father to her? Why was she invisible? Her butterfly quest becomes a search for family secrets and Effendi is torn between her roles as subject and journalist. The story gets richer for the audience, but more painful for her. One of her half-sisters shares the letters Rustam wrote to her mother. It was difficult reading them, says Effendi, because her own mother never received such letters and “my presence is erased from his life” in them. But the letters were wonderful, romantic evocations of his butterflying adventures – of alpine meadows, waterfalls and “poppies the size of teacups”.

“I could hear his voice for the first time. It was almost like being inside his mind for a second,” says Effendi. “And I craved that communication.”

Tracking down other friends and relatives, she is told that her father kept two passports, the implication being that it enabled bigamy. But Effendi doubts that a two-passport existence was possible in Soviet Russia. “Just like that butterfly is mythological and people refuse to believe it exists because it’s flying over the war border, my father’s life was also mythological,” she says.

With Effendi’s questions growing about her parents’ relationship, she circles back to her mother, who has been “always very evasive” when questioned about Effendi’s childhood. In a stark scene, we see Effendi shifting between her roles as journalist and daughter. On film, she says that she is entitled to the truth. Today, though, she says: “It was the camera’s power that really helped that along.

“When you put someone in the spotlight of a camera, it holds you responsible for telling the truth. The dynamic changes. It wasn’t ‘I’m the daughter and she’s my mother’. It was more ‘I’m an investigator and she’s my subject’. It’s almost cruel, but that’s what the camera does. In the end, she had to open up.” Her mother’s revelation turns Effendi’s understanding of her childhood on its head.

The film also tells powerful stories about global heating and extinction, as well as war and borders. As she tries to find Satyrus effendi, she learns that hotter summers are forcing shepherds to take their sheep higher into the mountains to find green grass, where they eat the high-altitude plant that the butterfly’s caterpillars feed on.

Effendi extended filming for another year to continue the hunt. “I became obsessed with finding it,” she says. “I dreamed about it.” She and Morgun camped for five days at high altitude, but were dogged by rain and wind. Yet, for all their struggles, the butterfly hunting offers hope that Armenians and Azerbaijanis can find peace alongside each other. “He flies above everything,” says Morgun. “For him, there are no borders, no wars, nothing. Just his mountains.”

 Searching for Satyrus is in UK cinemas from 27 April. Rena Effendi will take part in Q&As after special preview screenings

Under threat of dying out, Turkish Armenian evolves through art

Mar 27 2026

Once spoken by two million people across the Ottoman Empire, Turkish Armenian has shrunk to the point of becoming an endangered language following a century marked by massacres and mass emigration.

Yet defenders of Western Armenian, a language essentially spoken only by Turkey’s now-miniscule Armenian minority, are refusing to let their native tongue become a historical curiosity. 

“We live within this language; our very existence is intimately bound up with it,” said Vahakn Keshishian, whose Yeseyan cultural association has organised an Istanbul festival celebrating the language.

Up until the end of March, the Hantibum (Face to Face) festival will feature concerts, workshops and film screenings showcasing Western Armenian.

Classified by UNESCO as an endangered language, it differs in both grammar and pronunciation from the Armenian spoken in modern-day Armenia proper. 

“Western Armenian is certainly under threat, but it is far from being a museum piece,” said Keshishian. “It remains alive, carried by music, theatre and the publication of newspapers and books.”

Yet today, the language is spoken by fewer than 100,000 people of Turkey’s 86 million population, as well as the descendants of the worldwide diaspora, following what most scholars agree was the Ottoman Empire’s genocide of the Armenians.

The Armenians are seeking international recognition for the massacres, which they say killed 1.5 million people between 1915 and 1917.

Turkey strongly denies the accusation of genocide, saying that both Armenians and Turks died as a result of the First World War.

– ‘Invisible’ –

The task of passing on Armenian culture through the language has been hindered by the decline in people learning and speaking it.

“Western Armenian is spoken less and less at home because it is no longer the language of everyday life. 

To break this trend, we are organising workshops for young people,” explained Betul Bakirci of Aras Publishing, which prints books in both Turkish and Western Armenian.

“Books in Eastern Armenian are far more widely distributed and available. By contrast, to get hold of a book in Western Armenian, you have to make an effort. Our publishing house fills that role,” she added.

While Istanbul is still home to some 15 schools teaching Western Armenian to nearly 3,000 students, enrolment has been on the decline for years. 

“The political and economic situation in Turkey is pushing young people to imagine their future elsewhere. Many families also prefer to enrol their children in schools that teach Western languages rather than Armenian,” said Pakrat Estukyan of Agos, a bilingual Armenian-Turkish weekly newspaper.

Estukyan argued that due to their history, “Armenians prefer to make themselves invisible when the political climate becomes tense.”

– ‘Democratise access’ – 

Estukyan saw a glimmer of light in the rising interest from young readers in the Western Armenian-language pages of his newspaper, whose print runs number 5,000 copies.

For Keshishian, the festival organiser, digital tools have also given Turkey’s branch of Armenian a new lease of life. 

“The possibilities offered by new technologies have been extremely beneficial. Online courses and artificial intelligence have helped democratise access to the language,” he explained.

In any case, Keshishian argued that Western Armenian speakers had learnt how to reinvent themselves during periods of crisis, and the diaspora had an important role to play in keeping the language alive.

“Wars in the Middle East might have led to the dispersal of Armenians across the region, but they also gave birth to new Armenian-speaking communities across the world.”

bg/sbk/jj

Pasadena to Celebrate Armenian and Arab American Heritage Month With Citywide

Colorado Boulevard
Mar 27 2026

This April, the City of Pasadena will honor Armenian and Arab American Heritage Month with a wide range of cultural programs and community events celebrating the lasting contributions of both communities in art, film, music, and business.

By News Desk

Throughout the month, residents are invited to explore the rich traditions, history, and creativity of Armenian and Arab cultures through documentaries, art exhibits, workshops, and live performances. The city aims to highlight the important role these communities play in shaping Pasadena’s diverse cultural landscape.

Armenian Heritage Month Highlights

A series of events will spotlight Armenian culture and history across Pasadena’s public libraries:

  • Colors & Patterns: Armenian-Inspired Canvas Painting will take place on Saturday, April 4 at the Santa Catalina Branch Library. Participants ages 13 and up can create artwork inspired by Armenian design using traditional color palettes.
  • On Friday, April 17, the San Rafael Branch Library will host a screening of The Color of Pomegranates (1969), a visually rich film celebrating Armenian identity and the life of poet Sayat-Nova. The event is open to adults.
  • Forget-Me-Not Cross Stitch: A Symbol of Remembrance will be held Saturday, April 18 at the Santa Catalina Branch Library. This workshop offers participants the chance to learn cross-stitch while reflecting on the symbolism tied to the Armenian Genocide.
  • The month concludes with An Afternoon of Armenian History & Heritage on Saturday, April 25 at Lamanda Park Branch Library. The program includes a documentary screening of My Mother’s Voice (2012), followed by a presentation and Q&A, as well as a travelogue showcasing Armenia’s landscapes and cultural heritage.

In addition, the Pasadena Public Library has curated a special reading list featuring Armenian authors and stories for those interested in further exploration.

Arab American Heritage Month Programming

Pasadena will also host events celebrating Arab American culture:

  • Celebration of Arabic Heritage will be held Saturday, April 18 at the Allendale Branch Library. The program features live performances of traditional Arabic music, including oud, percussion, vocals, and violin, offering attendees an immersive cultural experience.

A dedicated book list highlighting Arab authors and Arab American experiences will also be available through the Pasadena Public Library.

Business Spotlight Series

Throughout April, the city will run a social media campaign highlighting Armenian- and Arab-owned businesses in Pasadena. The series aims to recognize the entrepreneurial contributions of both communities and their role in strengthening the local economy.

City officials encourage residents to participate in these events and engage with the cultural programming offered across Pasadena, celebrating the heritage and achievements that continue to enrich the community.

Ktrich Nersisyan and the Role of the Armenian Apostolic Church in Modern Armen

Mar 27 2026

Catholicos Karekin II and the Role of Armenian Church as a Symbol of National Continuity


In February 2026, the long-simmering p‍olitical friction in Armenia found a new and sacred stage. Tensions, for decades carefully kept o‍utside the gilded doors of the Armenian Apostolic Church, finally breached its walls. The authorities o‍pened a criminal investigation into Catholicos Karekin II, born Ktrich Nersisyan, accusing the supreme p‍atriarch of obstructing a court ruling.

What might have a‍ppeared as a routine legal maneuver was, in reality, the latest tremor in a gathering seismic conflict between t‍he government of Prime Minister Nikol Pashinyan and the nation’s most venerated spiritual institution. F‍or the Church’s faithful and its clergy, the timing was impossible to ignore. The case was unsealed o‍nly days before a critical synod—a moment when the Catholicos’s presence and authority were most n‍eeded.

For centuries, the Armenian Apostolic Church has b‍een m‍ore than a house of worship. It has s‍erved as a quiet anchor through the storms of history—a k‍eeper of i‍dentity when statehood faltered, a s‍anctuary when foreign powers pressed. To understand w‍hy this c‍onfrontation resonates so deeply, one m‍ust look toward the figure at its center—the man who h‍as worn the p‍atriarchal mantle for over t‍wenty-five y‍ears, guiding his flock through an e‍ra of transformation and t‍urmoil.

The Biography of Catholicos Karekin II

His Holiness belongs to a generation of Armenian clergymen w‍hose calling was f‍orged in the crucible of the Soviet twilight and the raw, uncertain y‍ears that followed the empire’s c‍ollapse. He was born in the village of Voskehat, a sliver of rural l‍ife in Soviet Armenia, yet from that q‍uiet soil, a spiritual vocation took root e‍arly. As a young man, he turned toward Echmiadzin, e‍ntering the Gevorkian Theological Seminary—t‍he ancient hearth where the nation’s priests have long b‍een tempered.

At the seminary, a p‍lace that has quietly shaped generations of spiritual leaders, Catholicos Karekin II distinguished h‍imself. He graduated with honors and, in the year before completing his formal studies, was a‍lready ordained a deacon. Soon after, he embraced the monastic path, receiving ordination to the p‍riesthood.

The late 1970s were a delicate time f‍or the Armenian Church. Still navigating the constraints of Soviet rule, it moved cautiously, r‍ebuilding its spiritual infrastructure in shadows. During this time, the Church’s hierarchy r‍ecognized something in the young priest and encouraged him to look beyond the borders of the r‍epublic. 

Catholicos was sent abroad to deepen his formation. His path led him t‍hrough Europe’s great centers of theological thought: Vienna, then the University of Bonn in Germany, and f‍urther east to Zagorsk in Russia. In Germany, among the diaspora, he served not only as a s‍cholar but as a shepherd. For nine Armenian congregations—in Cologne and other German cities—he b‍ecame a spiritual representative, bridging the homeland and its s‍cattered children.

In 1983, His Holiness was consecrated a b‍ishop. It was a period when the Armenian Apostolic Church, after decades of Soviet-imposed s‍ilence, was beginning to reclaim its public voice. Less than ten years later, as an independent Armenia e‍merged from the wreckage of the USSR, he was elevated to a‍rchbishop.


Those years were not merely a t‍ime of ecclesiastical advancement; they were also a period of profound national trial. In 1988, when a c‍atastrophic earthquake leveled entire cities in northern Armenia, Catholicos stepped beyond the s‍anctuary and into the rubble. He threw himself into the work of relief and reconstruction—not only o‍verseeing the rebuilding of churches but also ensuring that schools rose again.

At the end of the last millennium, the Church National Assembly of the Armenian Apostolic Church elected Karekin II as the 132nd Catholicos of All Armenians. By the t‍ime he assumed the post, as his biography demonstrates, Karekin II had a‍lready accumulated numerous years of pastoral, academic, and international experience. L‍ocal roots, global exposure, and institutional continuity would shape his approach to l‍eading the Armenian Apostolic Church through the complex political and social realities of the twenty-first c‍entury.

Influence and Leadership of Catholicos Karekin II

His Holiness Karekin II has e‍xtended h‍is gaze far beyond Armenia’s borders—toward the vast and scattered Armenian diaspora, a p‍eople held together as much by memory and faith as by blood. The Armenian Apostolic Church, a‍fter all, is not confined to the small republic in the Caucasus. Its spiritual jurisdiction stretches a‍cross continents. As Catholicos, Garegin 2 has made the long journeys to meet these d‍istant flocks, traveling tirelessly to reinforce the invisible threads that bind the Mother See to its children a‍broad.


Yet his vision has not been turned i‍nward u‍pon his own people alone. Over the past two decades, Catholicos Karekin II has extended h‍is hand toward other Christian traditions, seeking dialogue where division once prevailed. Within t‍he Orthodox world and particularly toward the ancient Churches of Rome, he has cultivated r‍elationships marked by mutual respect and theological openness. 


In 2016, that effort b‍ore visible fruit when Karekin II stood beside Pope Francis, the two leaders signing a joint declaration that s‍poke to their common faith and to shared concerns—the creeping secularization of modern life, the e‍rosion of the family, the challenges that press upon believers in an increasingly indifferent w‍orld.


Throughout his biography, Karekin II has a‍lso played a r‍ole in broader international religious institutions. In 2013, d‍elegates of the World Council of Churches, representing hundreds of millions of Christians across d‍enominations, turned to him unanimously. They elected Karekin II to lead the organization within the Oriental Orthodox f‍amily for an eight-year term.

A Wave of Support for Catholicos Karekin II

At the end of the p‍revious year, Prime Minister Nikol Pashinyan began directing pointed criticism toward the highest echelons of t‍he c‍lergy. He called for sweeping reforms within the Church. More provocatively, he raised q‍uestions about Catholicos Karekin II himself, suggesting that if certain allegations regarding the patriarch’s p‍ersonal conduct remained unresolved, resignation should follow.

Within the Church i‍tself, however, the reaction to the growing pressure was largely one of consolidation. The entire e‍piscopate of the Armenian Apostolic Church—all twenty-five bishops—signed a statement expressing s‍upport for the Catholicos. Archbishop Ezras Nersisyan, head of the Russian and New Nakhichevan Diocese, p‍ublicly warned that prosecuting the Catholicos could provoke a profound backlash among believers. In c‍omments to the media, he argued that the government was using administrative pressure to discredit the c‍lergy and inflame tensions in society.

Beyond Armenia, the c‍ontroversy has drawn the attention of diaspora communities that have historically maintained close t‍ies to the Armenian Apostolic Church. Armenian organizations in Europe and North America have issued s‍tatements expressing concern about the confrontation. For many supporters, Karekin II embodies i‍nstitutional continuity in a nation where religious identity and historical memory remain deeply i‍ntertwined.

His Holiness h‍imself has responded cautiously to the escalating tensions. In public remarks, he has urged Armenians to a‍void behavior that could deepen divisions within their community, emphasizing the i‍mportance of u‍nity during a period of political strain.

Over h‍is biography as Catholicos, Garegin II has presided over a church that serves as a global n‍etwork linking Armenian communities across continents. His leadership has been marked by i‍nternational engagement, humanitarian initiatives, and efforts to preserve the Church’s institutional c‍ontinuity in a rapidly changing political environment.

author

Chris Bates

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Analysis: Economic growth and living standards rise in Armenia — but may be ov

JAM News
Mar 27 2026
  • JAMnews
  • Yerevan

Armenia’s economy has shown steady growth in recent years. According to preliminary data, GDP grew by 7.2% in 2025 compared to the previous year.

A significant share of this growth was driven by sectors such as construction, finance and insurance, information and communication technologies, real estate transactions, as well as wholesale and retail trade.

The largest contributions to GDP growth came from:

  • construction — 1.5%,
  • financial and insurance activities — 1.3%.

At the same time, foreign trade turnover declined sharply — by around 29% compared to 2024. Against this backdrop, growth was recorded in:

  • construction (20.2%),
  • services (10%),
  • electricity production (6.7%),
  • mining (6.4%),
  • agriculture (around 5.6%),
  • trade (3%).

Meanwhile, consumer prices also rose by 3.3% year-on-year.

There is a view that the pace of growth observed in recent years could trigger an economic shock in the future, particularly if one or more of these sectors experience a downturn. Economists argue that a cyclical economic policy would be preferable — using various tools to smooth rapid growth and create buffers against future crises.

In this context, some economists suggest maintaining economic activity within reasonable limits. They note that no sector can sustain rapid growth indefinitely; such periods are typically followed by phases of stabilisation and decline. These downturns, they argue, should be gradual and not cause shocks to the economy, investors, or the state’s socio-economic policy.


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Gold jewellery production also contributed to economic growth

The decline in foreign trade turnover has not significantly affected the jewellery industry. Pargev Aloyan is engaged in exporting gold jewellery from Armenia. According to him, the main export market at present is Kazakhstan. In recent years, it is precisely this direction that has helped maintain the profitability of gold jewellery production and exports.

“Behind these growth figures lie the livelihoods of hundreds of families, because the jewellery production chain is extensive: processing, manufacturing, design, hallmarking, labelling, and so on. I myself work with around 50 producers, most of whom serve foreign demand,” Pargev says.

He explains that the unprecedented rise in gold prices last year led to a multiple decline in domestic demand:

“Traditionally, Armenia is one of the countries whose economic growth is driven by gold jewellery production. Export quickly replaced domestic demand. In this way, shocks were avoided.”

The businessman suggests expanding export destinations. In particular, he highlights the potential of exporting to countries in East Asia, assuring that Armenian businesses are fully capable of meeting new demand — which could increase export volumes severalfold.

Construction growth will eventually give way to other sectors

Representatives of construction companies believe that, at some point, their contribution to economic growth will уступ leadership to other sectors. In other words, construction will remain one of the key industries, but its growth rates are likely to become more modest.

Margarita Karapetyan, head of marketing at one of Armenia’s largest construction companies, explains:

“Development in the sector is still being driven by income tax refund benefits applied to the mortgage market outside Yerevan.”

As of 1 January 2025, the income tax refund programme for mortgage interest payments ceased to apply in Yerevan. However, it continues for those purchasing housing in the regions. The programme offers significant savings for beneficiaries, and many Armenians view the tax refund as an attractive condition for buying property.

The marketing specialist notes that construction volumes in Yerevan have halved compared to previous years.

At the same time, construction activity is increasing in settlements located near the capital.

“The law remains in force until 2027 inclusive. This means that over the next two years we will see continued growth in construction in the regions. After that, construction companies will either shift to other areas or begin operating abroad,” Margarita explains.

According to her, companies that maintain high quality will gradually reduce construction volumes but, thanks to their reputation and established niche, will secure state and international contracts.

“Smaller companies have already begun to diversify. In particular, they are engaged in the production and assembly of eco-cottages. They offer the construction of holiday homes, guest houses, and shops. This is a case where challenges create new opportunities,” she concludes.

“Economic indicators are positive, but somewhat distorted”

Political scientist and economist Grant Mikaelyan considers GDP growth of 7.2% impressive, noting that it reflects not only expansion in production and services but also, to some extent, an improvement in living standards:

“This means the economy is going through a favourable period. However, it is important to understand that the growth in economic indicators is driven by a number of случайных factors, from which we should derive not only short-term benefits but also transform them into long-term opportunities.”

According to the economist, anti-Russian sanctions in recent years have stimulated the economy through re-export activity.

In particular, Armenia has become a transit hub for the sale of electronics (smartphones, laptops, tablets), cars and spare parts, gold, and other precious metals.

“The results of re-exports should be calculated separately, which is not being done. As a result, export statistics are inflated, distorting the overall picture. According to my estimates, re-exports accounted for 71% of exports in 2024 and 50% in 2025.”

Mikaelyan says that billions of dollars have flowed into the country in recent years due to this “accidental” factor. In his view, this is not particularly beneficial for domestic production or competition. However, he believes it can be used to create long-term opportunities:

“The Central Bank of Armenia should develop targeted programmes for these inflows. For example, these funds could be used to cover social liabilities arising from the income tax refund scheme introduced in 2014, which currently amount to around 100 billion drams per year (about $266 million).”

Mikaelyan argues that the state has not yet overcome the burden it assumed under the income tax refund programme and has now taken on an even greater one through universal health insurance:

“The state has taken on obligations of around 420 billion drams (about $1.12 billion), for which it currently lacks the resources. This is more of a populist move, given the approaching elections.”

In his view, such “overheating” of the economy is risky and could lead to a slowdown or recession, as happened in 2008. He suggests that the government should pursue a cyclical policy to counter downturn trends — that is, to moderate rapid economic growth using various tools so that the state has buffer protection in the event of future recessions, for example due to a decline in construction activity.

Armenian pair make historic top-10 debut at World Figure Skating Championships

Panorama, Armenia
Mar 27 2026

A figure skating duo representing Armenia has secured a landmark result for the firsttime, finishing in the top ten at the World Figure Skating Championships in Prague.

Karina Akopova and Nikita Rakhmanin placed eighth in the short programme on their debut appearance, performing to music from the Oscar-winning film Slumdog Millionaire.

The Figure Skating Federation of Armenia hailed the result as historic, noting it is the first time an Armenian pair has broken into the top ten at the event.

Their performance also secures Armenia an additional pair entry at next year’s championships and earns two qualification spots for the senior Grand Prix series, awarded by the International Skating Union.

Sports: Henrikh Mkhitaryan may retire at the end of current season

Panorama, Armenia
Mar 27 2026

Inter Milan midfielder Henrikh Mkhitaryan could retire at the end of the current season.

The 37-year-old Armenian international, whose contract with the Serie A champions runs until June 2026, is said to be weighing up his future amid stalled talks over a new deal. Journalist Matteo Moretto reports that negotiations between the player and the club have reached an impasse, raising the possibility of retirement.

Mkhitaryan joined Inter from Roma in 2022 and has made 30 appearances this season, scoring twice and providing three assists.

Narek Karapetyan calls for strong peace, equal relations with neighbors

Panorama, Armenia
Mar 27 2026

Narek Karapetyan, a senior member of the Strong Armenia party and nephew of businessman and philanthropist Samvel Karapetyan, told supporters in Goris that Armenia must pursue “strong peace” based on equality with its neighbors rather than concessions.  

Karapetyan said his uncle, who is under house arrest and has declared his candidacy for prime minister, entered politics after decades of philanthropy failed to bring systemic change. “Samvel Karapetyan has invested hundreds of millions in Armenia and tens of millions in Artsakh, but poverty persists and one signature erased what existed in Artsakh,” he said.  

He accused the current leadership of weakening Armenia by abandoning genocide recognition, targeting the Armenian Apostolic Church and following a path of submission. “Weak peace is opening our doors to adversaries without conditions. Strong peace means closed doors but equal relations with neighbors,” Karapetyan said.  

Arguing that only a leader with international connections could secure such peace, he added: “Outside Armenia, the prime minister is faceless, powerless. He cannot provide strong peace.”  

The Strong Armenia delegation, led by Karapetyan, visited Sisian and Goris on March 26-27 to present the party’s vision under Samvel Karapetyan’s leadership and answer questions from supporters.

Opposition MP says Pashinyan signals willingness to meet Azerbaijan’s demands

Panorama, Armenia
Mar 27 2026

Armenian opposition lawmaker Tigran Abrahamyan on Friday accused Prime Minister Nikol Pashinyan of signaling a readiness to meet Azerbaijan’s demands “at any cost”.

Speaking during a parliamentary briefing, Abrahamyan, secretary of the opposition Pativ Unem faction, said families of soldiers killed or missing in the 2020 Nagorno-Karabakh war are demanding the release of a long-awaited report by a parliamentary investigative commission.

He said the authorities had pledged after the war to produce a report identifying those responsible and providing clear assessments of key events, including the circumstances surrounding deaths and missing personnel. However, the report has not been made public and currently remains classified.

Abrahamyan also pointed to disagreements within the ruling party over the report, reiterating his faction’s position that officials who held responsibilities during the war could not ensure an impartial investigation.

“The commission has conducted its inquiry and reached a controversial point,” he said, declining to provide further details due to confidentiality restrictions. He added that the government had failed to fulfill its promise to address the concerns of victims’ families.

The opposition will support efforts to make the report public, he added.

Abrahamyan also backed legal action by relatives of fallen soldiers against Pashinyan, accusing the prime minister of making contradictory public statements.

Referring to Pashinyan’s recent remarks suggesting that ethnic Armenians fled Nagorno-Karabakh without resisting during Azerbaijan’s 2023 military offensive, Abrahamyan questioned the claim. He noted that the commander of the Artsakh Defense Army continues to serve in Armenia’s armed forces.

“This raises two possibilities: either the prime minister is misleading the public, or he considers it acceptable that individuals he has described as having fled are now serving in the Armenian military,” Abrahamyan said.

He added that more than 230 Armenians were killed and several dozen remain missing during the two-day escalation in 2023.

Commenting on Pashinyan’s suggestion that a second referendum could be held to remove references to Armenia’s Declaration of Independence from the constitution, Abrahamyan said the move reflects broader political calculations.

“In an effort to secure his political future, he is signaling to Baku that he is prepared to ensure the fulfillment of Azerbaijan’s demands at any cost,” Abrahamyan said.