CBA Publishes Its Financial Market Instruments

CBA PUBLISHES ITS FINANCIAL MARKET INSTRUMENTS
Noyan Tapan
Apr 03 2006
YEREVAN, APRIL 3, NOYAN TAPAN. The Central Bank of Armenia (CBA)
published the new set of its instruments and the logic of its
activities on the financial market. According to the CBA press service,
these are: The main instrument of refinancing – a 7-day repo to be used
each Wednesday. The structural instument – the isssuing of CBA bonds,
mainly 3-month bonds, although 6 and 12-month issues are not ruled
out either. The rectifying instruments to be applied for correcting
the short-term deviations from the target indices of liquidity
and interest rates (mainly by repo and reverse repo instruments and
foreign currency). The constant possibility instruments – deposit and
lombard credit to be used for a 1-day period. The interest rates are
set based on the interest rate of refinancing. It is noted that the
interest rate of lombard credit has been lowered to 8%. At a board
sitting to be held each month, the CBA will determine and publish
within next month the refinancing (repo) interest rate, the constant
possibility interest rate, as well as the volume, maturity and issue
date of bonds to be issued by the CBA. Market participants will be
provided explanations about rectifying instruments, implemented in
addition to the previously announced operations.

Attempt Upon Life In Armavir

ATTEMPT UPON LIFE IN ARMAVIR
Noyan Tapan
Apr 03 2006
ARMAVIR, APRIL 3, NOYAN TAPAN. At about 3:30 pm, April 1, an unknown
person in a white car “Vaz-2174” with licence plate 280C785 shot
with an automatic arms of 5.45 calibre at 35-year-old resident of
the village of Janfida Rafik Gasparian who was driving a black Hummer
car with licence plate 020C444 and ran away. According to the report
of Armavir region’s Prosecutor’s Office, R.Gasparian did not die and
was only injured. On April 1, 2006, a criminal case was instituted
at Armavir region’s Prosecutor’s Office on the signs of the 6th
clause of 2nd part of Article 34-104 and 1st part of Article 235 of
RA Criminal Code.

Baghramian Avenue Busiest In Yerevan

BAGHRAMIAN AVENUE BUSIEST IN YEREVAN
Noyan Tapan
Apr 03 2006
YEREVAN, APRIL 3, NOYAN TAPAN. According to the RA Ministry of
Nature Protection, the motor transport emissions account for 97%
of the pollutants of Yerevan’s ambient air. This fact has aroused
concern of ecologists, since 16-288 tons of carbon dioxide, 1.7-3
tons of carbon monoxide, 1.5 tons of nitric oxides and up to 30 tons
of heavy metals is annually emitted into atmoshere per 1 km of Yerevan
streets. About 200 various substances have been found in car emissions,
with nearly 20% of them falling into the first and second category
of danger. Baghramian Avenue is the busiest street in Yerevan. NT
correspondent was informed at the Center of Eco-Noospheric Studies of
the RA National Academy of Sciences that air photos showed that during
rush hours the load per 1 km of this section makes 7,667 cars. Komitas
Street is in second place by this index, followed by Mashtots Avenue
and the area adjacent to the Rossia Cinema.
From: Emil Lazarian | Ararat NewsPress

It Is Envisaged To Open Branch Of Writers’ Union Of Armenia In Gavar

IT IS ENVISAGED TO OPEN BRANCH OF WRITERS’ UNION OF ARMENIA IN GAVAR
Noyan Tapan
Apr 03 2006
GAVAR, APRIL 3, NOYAN TAPAN. It is already 5 years that RA government
in association with the Writers’ Union of Armenia is holding a
week of children’s book. This year the week started on March 27, at
Yerevan Khnko Aper Library and the closure took place in Gavar. In
this connection a number of members of the Writers’ Union of Armenia
headed by Union Chairman Levon Ananian were in Gavar. They donated
100 books to the regional library. According to the Chairman of the
Writers’ Union of Armenia, the cultural activity of Yerevan should
be moved to the regions. He promised to found a literary branch of
the Union in Gavar.

11 Specialities Of 6 Educational Institutions Passed CompendiousCert

11 SPECIALITIES OF 6 EDUCATIONAL INSTITUTIONS PASSED COMPENDIOUS CERTIFICATION SHOW NEGATIVE RESULTS
Noyan Tapan
Apr 03 2006
YEREVAN, APRIL 3, NOYAN TAPAN. 20 educational institutions, 24 ones
of higher and 19 of middle professional specialities, were allowed to
participate in the compendious certification examinations of graduates
of a number of accredited non-state educational institutions. Mher
Makichian, the Chief of the Agency of Licence and Accreditation Service
of the RA Ministry of Education and Culture informed about this at
the March 31 press-conference. As a result of 70 subject examinations
organized during the compendious certification, according the Chief
of the agency, 11 specialities of 6 educational institutions were
certified negatively. According to M.Makichian, specialities got
negative certification of those educational institutions lose the
right of participating in the next, 2006 stage of the compendious
certification of the accreditation process. Graduates participated
in the compendious certification got the most, 60% negative results
in the “Law” and “Finance and Credit” specialities. The Chief of
the agency also informed that the edited variant of the new order
of accreditation worked out by the RA Ministry of Education and
Science will be presented to the discussion of the RA Government
soon. It’s envisaged by this variant to define the circle of
those implementing the examination as well as to fix new terms
of state accreditation with 5-8 years duraction, instead of the
termless warrants defined till now. 72 non-state institutions of
higher education function in Armenia at present, 5 of which are
branches of foreign accredited institutions of higher education,
28 ones are fully and 7 ones are partly accredited, and others are
not accredited institutions. According to the accreditation order,
an education institution, 75% of specialities of which is accredited,
is considered fully accredited.

Body Of 80-Year-Old Man Found In One Of Buildings In HovhannisianStr

BODY OF 80-YEAR-OLD MAN FOUND IN ONE OF BUILDINGS IN HOVHANNISIAN STREET
Noyan Tapan
Apr 03 2006
YEREVAN, APRIL 3, NOYAN TAPAN. On April 1, at about 4:35 pm, a call
was received from the Ashtarak hospital: L. Gyulnazarian, 44, of the
Parpi village of Aragatsotn marz, had been bitten by a snake. The
hospital has no antidote to provide the neceassry medical aid. The
man was immediately taken to the acute poisoning unit of the Armenia
Medical Center (Yerevan) where he was injected an antidote provided
by the operative group of the Emergency Management Center of the
Rescue Service of Armenia. Doctors evaluated L. Gyulnazarian’s health
condition as that of medium gravity. According to a summary of the
Rescue Service of the RA Ministry of Territorial Administration, on
April 2 at about 8:45 pm, an alarm call was received that nobody had
entered and left for a long time one of the apartments of a 8-storied
building in Hovhannisian Street (Yerevan). Upon arriving at the scene
and opening the door, the rescuers found the body of a 80-year-old
man. A criminal case was opened in this connection.

International Quality Certificate To Be Given To Laboratory Of Blood

INTERNATIONAL QUALITY CERTIFICATE TO BE GIVEN TO LABORATORY OF BLOOD ANTIBODIES DIAGNOSIS OF “ARMENIAN BONE MARROW DONOR REGISTRY”
Noyan Tapan
Apr 03 2006
YEREVAN, APRIL 3, NOYAN TAPAN. The European Federation for
Immunogenetics will give the international quality certificate to
the Laboratory of Blood Antibodies Diagnosis of the “Armenian Bone
Marrow Donor Registry” charity fund. As Sevak Avagian, the Executive
Director of the fund mentioned at the March 30 press-conference,
they satisfied all the demands proposed by the federation to get that
certificate. According to him, as the registry is a body working
with international structures, so having such a certificate is
very important. As Krissa Papasteriades, the representative of the
federation mentioned, existence of a package facting the quality
of qualified specialists, modern equipment and work are among the
demands presented to laboratories to get such qualification. It was
also mentioned that the Armenian registry has more than 10 thousand
donors at present. 400 patients have addressed to the registry by
now, data of 300 of who coincided with data of donors registered
at the Armenian registry. 6 marrow stem cell transplantations with
participation of donors of the registry were implemented in different
countries based on compatibilities found out till today.

RA Government Affirms Order Of Calculating,Appointing And Paying Ins

RA GOVERNMENT AFFIRMS ORDER OF CALCULATING, APPOINTING AND PAYING INSURANCE BENEFITS
Noyan Tapan
Apr 03 2006
YEREVAN, APRIL 3, NOYAN TAPAN. According to the RA law “On
Compulsory Social Insurance from Cases of Temprorary Invalidity,”
the RA Government affirmed at the March 30 sitting the list of
diseases giving the right of benefit for facilities in sanatoria and
health resorts, the order of calculating, appointing and paying the
insurance benefit, the order of calculating the size of the middle
monthly salary (profit) accepted as a basis for calculating the size
of the insurance benefit, types of working activity registered in the
insurance (working) experience when calculating the insurance benefit,
the order and conditions of registering those types, the order of
compensating means addressed to employer’s paying insurance benefits
to hired labourers, the type of temporary invalidity papers, the order
of filling in and allocating these papers, the order of accepting as
a basis a temporary invalidity paper given by a medical institution
of a foreign state as well as the list of necessary documents for
paying not got insurance benefit and the order of presenting those
documents. As Arayik Petrosian, the First Deputy of the RA Minister
of Labour and Social Issues, informed journalists after the sitting,
tuberculosis, after-infarct diseases (if a patient has passed at least
one-month treatment at hospital) and after-operation states of duodenum
are included in the list of diseases giving the right of benefit for
facilities in sanatoria and health resorts. A.Petrosian mentioned that
according to the order of calculating, appointing and paying insurance
benefits, the whole period of time of invalidity of invalids having the
third level of ability to be engaged in working activity as a result
of occupational injury and disease will be registered as insurance
experience. It was mentioned that the period of invalidity has never
been registered in the insurance experience utill establishing the
new order. The Government made amendments and changes to the RA
Government’s May 29, 2003 decision “On Securing Operation of RA Law
“On State Pensions.” According to that, particularly, the order of
re-calculating age and invalidy pensions appointed by the order
fixed by the law. The Deputy Minister mentioned that from now on
pensioners have the right to re-calculate their pension once in
two years, in the case of having worked at least 6 months. Before
it was re-calculated in the case of having at least experience of
two years. The principle fixed by the law was also used by the given
decision of the Government. According to this principle, in the case
of sending the documents for pension of a person left for a permament
residence for a country signed the interstate agreement with the RA in
the sphere of pension security, the sum of appointed for a pensioner
but stopped or prevented pension is paid by a warrant as well.

Levon Aronian Takes 3rd, Armenia 5th Place On FIDE List

LEVON ARONIAN TAKES 3rd, ARMENIA 5th PLACE ON FIDE LIST
Noyan Tapan
Apr 03 2006
YEREVAN, APRIL 3, NOYAN TAPAN. FIDE has publicized the rating list
of the strongest chess-players as of 2006 April 1. It is the first
time that 13th world champion Garry Kasparov (Russia) is not included
in the list as he has not performed in tournaments for more than a
year. World champion Veselin Topalov (Bulgaria) is the first on the
list with a personal rating of 2804 points. Vishvantan Anand (India,
2803) was left behind him only with 1 point. Representative of Armenia,
world cup-holder Levon Aronian has considerably improved his rating and
takes the 3rd honorary place among the strongest chess-players. Another
3 representatives of Armenia take places in the first hundred of
the strongest chess-players. Vladimir Hakobian is the 16th (2706),
Karen Asrian the 61st (2646), Smbat Lputian 94th (2619). One more
Armenian chess-player, representative of Slovakia Sergei Movsisian
is also among the hundred strongest chess-players. Judit Polgar
(Hungary) is at the top of the list of strongest women chess-players
with a large advantage. She takes part only in men’s tournaments. Her
individual rating is 2711 points. New world champion Xu Yuhua (China)
is only in the 5th place (2517). Two representatives of Armenia,
Lilit Mkrtchian and Elina Danielian, take the 21st and 38th places,
respectively. Mkrtchian’s rating is 2453, Danielian’s 2422. At the same
time FIDE publicized the average ratings of 10 strongest chess-players
from different countries. The first five is the following: Russia
(average rating 2716), Ukraine (2663), USA (2625), France (2623),
Armenia (2616). Armenia preserves its place among the strongest.

Participants Of Football Cup Tournament 1/4 Tour Determined

PARTICIPANTS OF FOOTBALL CUP TOURNAMENT 1/4 TOUR DETERMINED
Noyan Tapan
Apr 03 2006
YEREVAN, APRIL 3, NOYAN TAPAN. The return games of 2006 Armenian
Football Cup Tournament 1/8 tour are over. Their results are the
following: “Banants-2” – “Pyunik-2” 3 to 0, “Shirak” – “Hay Ari” 2 to
0, “Ararat” – “Ararat-2” 3 to 1, “Mika-2” – “Gandzasar” 0 to 4. So,
the “Banants-2”, “Shirak”, “Ararat” and “Gandzasar” teams gained the
right to take part in 1/4 tour. After drawing lots it was determined
that “Gandzasar” and “Mika”, “Shirak” and “Banants”, “Kilikia” and
“Banants-2”, “Pyunik” and “Ararat” will compete with each other in
1/4 final. The 1st games of these teams will be held on April 5-6,
the return games on April 9-10.