DOCSLIB.ORG

Inecobank CJSC Interim Financial Statements for the Period Ended 31

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Inecobank CJSC Interim Financial Statements for the Period Ended 31 Inecobank CJSC Interim Financial Statements For the period ended 31 March 2019 Contents Interim statement of Comprehensive Income ...............................................................3 Interim statement of Financial Position .......................................................................4 Interim statement of Changes in Equity .......................................................................5 Interim statement of Cash Flows ................................................................................6 Compliance with the mandatory ratios set by the Central Bank of the RA ........................7 Notes to the Interim Financial Statements ...................................................................8 2 Statement of Profit or Loss and Other Comprehensive Income for the first quarter of 2019 In thousands of Armenian Drams 01/01/2019- 01/01/2018- Notes 31/03/2019 31/03/2018 Interest income 4 7,777,252 7,128,700 Interest expense 4 (3,155,545) (3,089,045) Net interest income 4,621,707 4,039,655 Fee and commission income 5 621,079 476,188 Fee and commission expense 6 (356,394) (244,729) Net fee and commission income 264,685 231,459 Net gain / (loss) on financial instruments at fair value through profit or loss 17,722 - Net gain from foreign currency trading and translation 7 306,876 297,568 Net (loss) / gain on investment securities 16,167 (4,288) Other operating income 8 177,312 405,103 Operating income 5,404,469 4,969,497 Income from change in fair value of contingent consideration - 6,096 Impairment losses (1,227,694) (793,676) Personnel expenses (1,224,285) (993,366) Other general administrative expenses 9 (718,637) (623,157) Profit before income tax 2,233,853 2,565,394 Income tax expense (444,683) (521,142) Profit after taxation 1,789,170 2,044,252 Other comprehensive income, net of income tax Revaluation of investment securities (165,781) 40,922 Total comprehensive income 1,623,389 2,085,173 3 Statement of Financial Position for the first quarter of 2018 In thousands of Armenian Drams Notes March 31, 2019 December 31, 2018 ASSETS Cash and cash equivalents 10 45,444,944 42,629,390 Investment securities 11 - Held by the Bank 19,710,855 28,999,460 - Pledged under sale and repurchase agreements 11,356,523 - Loans and advances to banks 12 683,973 1,061,361 Amount receivable under reverse repurchase 13 agreements 921,024 2,718,140 Loans to customers 14 214,476,172 206,523,844 Property, equipment and intangible assets 15 6,035,361 5,664,727 Right-of-use asset 16 1,826,981 - Financial assets at FVTPL 1,265 - Other assets 17 5,582,185 5,274,767 Total assets 306,039,283 292,871,689 LIABILITIES Deposits and balances from banks 6,528 7,196 Repurchase agreements 10,886,241 - Current accounts and deposits from customers 18 159,418,771 164,377,527 Other borrowed funds 19 62,704,728 67,460,916 Subordinated debt 7,319,386 - Debt securities issued 6,507,012 5,567,815 Lease liability 16 1,846,423 - Current tax liability 637,240 501,953 Deferred tax liabilities 1,573,637 1,706,579 Financial liabilities at FVTPL 1,160 - Other liabilities 20 2,130,302 1,865,237 Total liabilities 253,031,428 241,487,223 EQUITY Share capital 21 14,545,680 14,545,680 Share premium 7,753,923 7,753,923 Main reserve 3,500,000 3,500,000 Property revaluation reserve 1,738,578 1,744,734 Investment revaluation reserve 1,354,131 1,519,912 Retained earnings (accumulated losses) 24,115,543 22,320,217 Total equity 53,007,855 51,384,466 Total liabilities and equity 306,039,283 292,871,689 4 Statement of Changes in Equity for the first quarter of 2019 In thousands of Armenian Drams Revaluation Revaluation Share Share Main surplus for reserve for Retained Total capital premium reserve land and investment earnings building securities The same intermediate period of the previous financial year (cumulative from the beginning of the year) Balance as of 31 December 2017 (audited) 14,545,680 7,753,923 3,500,000 1,562,516 1,629,109 19,251,814 48,243,042 Impact of adopting IFRS 9 as at 1 January 2018 - - - - 207,731 (753,816) (546,085) Balance as of 01 January 2018 (not audited) 14,545,680 7,753,923 3,500,000 1,562,516 1,836,840 18,497,998 47,696,957 Net gain /loss of the period - - - - - 2,044,252 2,044,252 Other comprehensive income - - - - 40,922 - 40,922 Dividends - - - - - - - Internal movements, - - - (4,667) - 4,667 - including Transfer to main reserve - - - - - - - Depreciation of revaluation surplus for land and building - - - (4,667) - 4,667 - Balance as of 31 March 2018 (not audited) 14,545,680 7,753,923 3,500,000 1,557,849 1,877,762 20,546,917 49,782,131 Revaluation Revaluation Share Share Main surplus for reserve for Retained Total capital premium reserve land and investment earnings building securities The same intermediate period of the current year (cumulative from the beginning of the year) Balance as of 01 January 2019 (not audited) 14,545,680 7,753,923 3,500,000 1,744,734 1,519,912 22,320,217 51,384,466 Net gain /loss of the period - - - - - 1,789,170 1,789,170 Other comprehensive income - - - - (165,781) - - 165,781 Dividends - - - - - - - Shares issued - - - - - - - Internal movements, - - - (6,156) - 6,156 - including Transfer to main reserve - - - - - - - Depreciation of revaluation surplus forland and building - - - (6,156) - 6,156 - Balance as of 31 March 2019 (not audited) 14,545,680 7,753,923 3,500,000 1,738,578 1,354,131 24,115,543 53,007,855 5 Statement of Cash Flows for the first quarter of 2019 In thousands of Armenian Drams 6 Compliance with the mandatory ratios set by the Central Bank of the RA In thousands of Armenian Drams Compulsory Any non value set by the NORMS Actual value compliance during Central Bank of reporting quarter Armenia Minimal required paid-in capital (AMD'000) 22,299,603 50,000 Compliant Minimal required total (own) capital (AMD'000) 51,176,768 30,000,000 Compliant N1ª minimal ratio of total capital to risk-weighted assets 16.01% 12.00% Compliant N2(1) minimal ratio of high-liquid assets to total assets in all currencies 20.12% 15.00% Compliant N2(11) minimal ratio of high-liquid assets to total assets in convertible 12.21% 4.00% Compliant currencies N2(2) minimal ratio of high-liquid assets to demand liabilities in all 96.85% 60.00% Compliant currencies N2(21) minimal ratio of high-liquid assets to demand liabilities in 52.11% 10.00% Compliant convertible currencies N3(1) Maximum risk of one borrower 11.00% 20.00% Compliant N3(2) Maximum risk on major borrowers 46.86% 500.00% Compliant Maximum risk of one borrower related to the Bank 0.25% 5.00% Compliant Maximum risk of all borrowers related to the Bank 1.45% 20.00% Compliant Minimal obligatory reserves at the Central Bank of RA in drams X 2.00% Compliant in foreign currencies X 18.00% Compliant Maximum ratio of total foreign currency position to total capital 1.17% 10.00% Compliant (without derivatives)* Maximum ratio of each foreign currency position to total capital USD 1.11% 7.00% Compliant EUR 0.03% 7.00% Compliant RUB 0.02% 7.00% Compliant Other currencies X X Compliant 7 1 Background Principal activities These interim financial statements comprise the financial statements of "Inecobank" CJSC (the Bank). Inecobank" CJSC is a closed joint stock company, established in 1996. The Bank was registered by the Central Bank of Armenia in October 1996 and has a general banking license No. 68. The principal activities of the Bank are deposit taking, customer account maintenance, credit operations, issuing guarantees, cash and settlement operations, securities and foreign exchange transactions. The activit The Bank conducts business throughout the Republic of Armenia from its head office and twenty two lic of Armenia. Legal address of the Bank is 17 Toumanyan Street, Yerevan, 0001, RA. Legal addresses of the branches are: Gyumri Branch 6 Alek Manukyan Street, Gyumri, RA Vanadzor Branch 75 Tigran Mets Street, Vanadzor, RA Armavir Branch 17 Hanrapetutyun Street, Armavir, RA Koryun Branch 105/1 Teryan Street, Yerevan, RA 18 Abovyan Branch 18 Abovyan Street, Yerevan, RA Arabkir Branch 49-1 Komitas Street, Yerevan, RA Hrazdan Branch 46/100 Ogostos 23 Street, Hrazdan, RA Nor Norq Branch 15/9-17/1 Gai ave., Nor Norq, Yerevan, RA Malatia Branch 39/3 Raffu Street, Yerevan, RA Shengavit Branch 22/3 Bagratunyatc Street, Yerevan, RA Abovyan Branch 7/3 Sahmanadrutyan Square, Abovyan, RA Tigran Mets Branch 29A-95 Tigran Mets, Yerevan, RA Ashtarak Branch 2 Nerses Ashtaraketci Square, Ashtarak, RA Lori Branch 41 Tigran Mets Street, Vanadzor, RA Artashat Branch 1 Kharazyan, Artashat,RA Zeytun Branch 51/9 Paruyr Sevak street, Yerevan, RA Ajapnyak Branch 192/8 Bashinjaghyan street, Yerevan, RA 8 Komitas Branch 39/78 Komitas ave., Yerevan, RA Khorenatsi branch 15 Khorenatsi str., "Elite Plaza" Business Center Mashtots Branch 18 Mashtots avenue, 52/1 building, Yerevan, RA Shengavit Branch 2 15 Bagratunyats street, Yerevan, RA Komitas Branch 2 54 B. Komitas ave., Yerevan, RA Avetisyan Branch 63/41Avetisyan Street., Yerevan, RA Cascade Branch 2/83 Baghramyan Street., Yerevan, RA The average number of employees within the bank is 810, of which 62 is the supporting staff. Shareholders 2.98%), Mr. Karen Safaryan (27.90%), European Bank for Reconstruction and Development (12.65%), agrif Cooperatief U.A (10.01%), Developing World Markets (5.1%) and others (11.35%). Related party transactions are detailed in note 26. 2 Basis of preparation Statement of compliance The accompanying financial statements are prepared in accordance with International Financial Reporting Basis of measurement The financial statements are prepared on the historical cost basis except for the financial instruments at fair value through profit or loss and investment securities which are stated at fair value, as well as land and buildings stated at revalued amounts.
Load more

Recommended publications
  • Arrival in Baku Itinerary for Azerbaijan, Georgia
    Expat Explore - Version: Thu Sep 23 2021 16:18:54 GMT+0000 (Coordinated Universal Time) Page: 1/15 Itinerary for Azerbaijan, Georgia & Armenia • Expat Explore Start Point: End Point: Hotel in Baku, Hotel in Yerevan, Please contact us Please contact us from 14:00 hrs 10:00 hrs DAY 1: Arrival in Baku Start in Baku, the largest city on the Caspian Sea and capital of Azerbaijan. Today you have time to settle in and explore at leisure. Think of the city as a combination of Paris and Dubai, a place that offers both history and contemporary culture, and an intriguing blend of east meets west. The heart of the city is a UNESCO World Heritage Site, surrounded by a fortified wall and pleasant pedestrianised boulevards that offer fantastic shopping opportunities. Attractions include the local Carpet Museum and the National Museum of History and Azerbaijan. Experiences Expat Explore - Version: Thu Sep 23 2021 16:18:54 GMT+0000 (Coordinated Universal Time) Page: 2/15 Arrival. Join up with the tour at our starting hotel in Baku. If you arrive early you’ll have free time to explore the city. The waterfront is a great place to stroll this evening, with a cooling sea breeze and plenty of entertainment options and restaurants. Included Meals Accommodation Breakfast: Lunch: Dinner: Hotel Royal Garden DAY 2: Baku - Gobustan National Park - Mud Volcano Safari - Baku Old City Tour After breakfast, dive straight into exploring the history of Azerbaijan! Head south from Baku to Gobustan National Park. This archaeological reserve is home to mud volcanoes and over 600,000 ancient rock engravings and paintings.
    [Show full text]
  • Armenia ARMENIA
    Armenia I.H.T. Visa: required by all. ARMENIA Duty Free: permitted goods: 400 cigaretters, 1 bottle of alcoholic beverages, a reasonable quantity of perfume for personal use, other goods up to the amount of US$500, for personal use only. Health: typhoid and polio special precautions. All water should be regarded as potentially contaminated HOTELS●MOTELS●INNS GYUMRI HOTEL ARAKS, 31 Gorki str., Gyumri, Republic of Armenia, 377501, tel: (+374312) 2-44-35 , www.arakshotel.am , email: [email protected] YEREVAN ANI PLAZA HOTEL, 19 Sayat Nova Ave, Yerevan, Yerevan 375001, Armenia,+374 10589500, [email protected] ,www.anihotel.com ARARAT HOTEL, Grigor Lusavorih, 7 , Tel.: +374 510000 , Fax: 541101 ARMA HOTEL, Norki Ayginer street, 275 , Tel.: +374 (1) 546000 , Rooms: 20, Floors: 5, Nearest metro station: "Yaritasardakan" ARMENIA 1 Ulitsa Amiriyan 375010 Jerevan Armenia Tel: +374.8852-525383 [email protected]: //www.moon.yerpi.am/armhotel/index.html 1. Amiryan Street , Yerevan, ARMENIA MARRIOTT HOTEL YEREVAN, 0010 Armenia , Phone: 374 10 599 000 , Fax: 374 10 599 001 , Sales: 374 10 599 002 , Sales fax: 374 10 599 256 , http://www.marriott.co.uk AUA BARSAM SUITES HOTEL, 8 Harapetutyan St, Yerevan, Armenia Directory 0010, Phone: 374 10-567567, Email: [email protected] , Country Dialling Code (Tel/Fax): ++374 http://www.hybusiness.com The Armenian Tourism Development Agency (ATDA),(+3741) 542303/06 AVIATRANS HOTEL Abovyan street, 4 , Tel.: +374 (1) 567228 ,Rooms: 15 , Travel [email protected] , http://www.armeniainfo.am Floors 4, Location: Nearest metro station: "Hanrapetutyan" Capital: Yerevan time: GMT + 4 BEST EASTERN METROPOL YEREVAN, 2 2 Mashtots Ave, Yerevan, and Background: An Orthodox Christian country, Armenia was incorporated into Russia Armenia 375015, Phone: 374 1-543701, Email: [email protected] , in 1828 and the USSR in 1920.
    [Show full text]
  • Annual Report on the Activities of the Human Rights Defender in 2006
    ANNUAL REPORT ON ACTIVITIES OF THE REPUBLIC OF ARMENIA'S HUMAN RIGHTS DEFENDER AND VIOLATIONS OF HUMAN RIGHTS AND FUNDAMENTAL FREEDOMS IN ARMENIA 2006 The present "Annual Report for 2006 on Activities of the Republic of Armenia's Human Rights Defender" has been translated and published with the financial support of the United Nations Development Programme (UNDP) ISBN 978-99941-0-213-6 ANNUAL REPORT ON ACTIVITIES OF THE REPUBLIC OF ARMENIA'S HUMAN RIGHTS DEFENDER AND VIOLATIONS OF HUMAN RIGHTS AND FUNDAMENTAL FREEDOMS IN ARMENIA 2006 Yerevan, 2007 Yerevan 2007 RA Human Rights Defender A. Harutyunyan In the result of constitutional amendments, Human Rights Defender's Office was mandated as a constitutional institution. On February 17, 2005, National Assembly of RA by the votes of more than 3/5 of the total num- ber of deputies elected Doctor of Law, Professor Armen Harutyunyan as a first parliamentary Human Rights Defender of RA. Human Rights Defender is an independent official, whose main mission is to prevent and restore human rights and fundamental freedoms violated by the state and local self-governing bodies or their officials. The letters of complaint, addressed to the Defender, are various and concern almost all spheres of functioning of state and local self-governing bodies. The actuality of the report is determined also by the circumstance that for the first time are sep- arated the analysis of the statutory- legal act that leads to the human rights violations and the analysis of detached provisions, as well as the shortcoming in law enforcement practices. This report aims to raise a list of questions that are peculiar to the post soviet countries and exist in our country.
    [Show full text]
  • Second Report Submitted by Armenia Pursuant to Article 25, Paragraph 1 of the Framework Convention for the Protection of National Minorities
    ACFC/SR/II(2004)010 SECOND REPORT SUBMITTED BY ARMENIA PURSUANT TO ARTICLE 25, PARAGRAPH 1 OF THE FRAMEWORK CONVENTION FOR THE PROTECTION OF NATIONAL MINORITIES (Received on 24 November 2004) ACFC/SR/II(2004)010 Table of contents: Introduction SECTION 1: Practical arrangements made at national level for following up the results of the first monitoring cycle of the implementation of the Framework Convention 1. Prior to the creation of a state structure on national minorities issues 2. After creation of a state structure for national minorities issues SECTION 2: Measures taken to improve implementation of the Framework Convention in response to the resolution adopted by the Committee of Ministers in respect of Armenia 1. General Provisions 2. Demographic Landscape of the Republic of Armenia 3. Implemented measures Article by Article Article 1 Article 2 Article 3 Article 4 Article 5 Article 6 Article 7 Article 8 Article 9 Article 10 Article 11 Article 12 Article 13 Article 14 Article 15 Article 16 Article 17 Article 18 Article 19 Part 3. Answers to the Questionnaire Compiled by the Advisory Committee Concerning the Report Presented by Armenia During the Second Phase of Framework Convention Implementation Monitoring Table 1 Table 2 Table 3 Table 4 Table 5 Table 6 Table 7 Table 8 Table 9 Table 10 2 ACFC/SR/II(2004)010 Introduction 1. Pursuant to paragraph 1 of Article 25 of the Framework Convention for Protection of National Minorities, the Republic of Armenia is submitting its second report on the implementation of the Convention and progress of legislative and other measures taken to give effect to the principles set out in the framework Convention.
    [Show full text]
  • Republic of Armenia Extractive Industries
    2018 REPUBLIC OF ARMENIA EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE (EITI) REPORT 2016-2017 REPUBLIC OF ARMENIA EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE (EITI) REPORT 2016-2017 PUBLISHED IN DECEMBER, 2018 EITI Report Dear readers, As the Chairman of Extractive Industries Transparency Initiative in Armenia, I am pleased to present to the public at large the first EITI National Report covering the fiscal years 2016 and 2017. The Report is the outcome of the multilateral co-operation between the Government, the civil society, the business sector and international partners, without precedent in Armenia. It is valuable especially in terms of processing and publication of a large amount of information on the metal mining sector which is traditionally considered to be a closed sector. The participatory nature of the process and the consensus decision making impart greater importance to the Report. The natural resources of Armenia are the exclusive property of the state. Therefore, the Government, among other areas, has prioritized the issue of improving the sector governance. In particular, the Government has already established the need to develop a new strategy and has undertaken sectoral studies. However, effective reform can only be achieved by ensuring a high level of accountability and transparency, which will help increase public control, reduce corruption risks and build a stable environment of mutual trust through good governance. The consistent implementation of the EITI Standard in Armenia aims at accomplishing all of these tasks. It was by the joint development of this Report that the Government, together with the civil society and business people, broke the stereotype existing perhaps two years ago that there are no overlapping concerns between the three parties on controversial issues.
    [Show full text]
  • Referral Guide for Reintegration of Returnees
    Ministry of Labour and Social Affairs of Armenia REFERRAL GUIDE FOR REINTEGRATION OF RETURNEES IN ARMENIA While IOM endeavours to ensure the accuracy and completeness of the content of this Review, the views, findings, interpretations and conclusions expressed herein are those of the authors and do not necessarily reflect the official position of IOM and its Member States. IOM does not accept any liability for any loss, which may arise from the reliance on information contained in this paper. The present review has been issued without formal editing by IOM. Publisher: International Organization for Migration IOM Mission in Armenia: UN House • 14 Petros Adamian Street, 1st floor • Yerevan 0010 • Armenia Tel.: ¥+374 10¤ 58 56 92 Fax: ¥+374 10¤ 54 33 65 www.iom.int © All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form by any means of electronic, mechanical, photocopying, recording, or otherwise without the prior written permission of the publisher. Ministry of Labour and Social Affairs of Armenia Referral Guide for Reintegration of Returnees in Armenia Second edition Yerevan 2016 Reintegration Referral Guide Contents List of abbreviations..................................................................................................7 Foreword ...................................................................................................................9 Part I Reintegration system in Armenia ..................................................................11
    [Show full text]
  • Treasures of Eurasia
    Treasures of Eurasia Sunday, September 6 – Saturday, October 3, 2020 28 Days / 27 Nights Cost: $ 29,745 per person (double occupancy) $ 3,675 plane registration fee Single supplement available upon request Air Journey LLC Phone: (561) 841-1551 Jupiter, FL 33458 www.AirJourney.com Itinerary Day 1 – Sunday, September 6: Arrival in Skiathos, Greece Welcome to the lush island of Skiathos! Air Journey staff will greet you at the Atrium Hotel. We’ll meet for introductions and a welcome cocktail before dinner. Renowned among returning guests for offering unparalleled Greek hospitality, Atrium Hotel Skiathos is a home away from home. All accommodations are inspired by nature, seamlessly blending wooden and stone elements to create a comfortable and modern ambience. The hotel masterfully combines style, tradition, and high-end, tailor-made service, with an emphasis on the guests’ personal needs and preferences. Its accommodations boast high-end facilities and stunning, panoramic views of the sea or the island’s idyllic natural landscape, making for an unrivalled and unforgettable Skiathos experience. Hotel: Atrium Hotel Welcome Cocktail and Dinner included Day 2 – Monday, September 7: Skiathos Skiathos presents an ideal combination for leisure and sea sports. There are more than 60 beautiful beaches with golden sand or white pebbles; a turquoise sea to swim or sail in; today we’ll go on a half day boat tour to the neighboring islands of skopelos and sail to the Pelion peninsula (Mainland Greece). Hotel: Atrium Hotel Breakfast, Lunch and Dinner included Day 3 – Tuesday, September 8: Skiathos Today is a day to relax or explore on your own.
    [Show full text]
  • Directory of Development Organizations
    EDITION 2008 VOLUME II.A / ASIA AND THE MIDDLE EAST DIRECTORY OF DEVELOPMENT ORGANIZATIONS GUIDE TO INTERNATIONAL ORGANIZATIONS, GOVERNMENTS, PRIVATE SECTOR DEVELOPMENT AGENCIES, CIVIL SOCIETY, UNIVERSITIES, GRANTMAKERS, BANKS, MICROFINANCE INSTITUTIONS AND DEVELOPMENT CONSULTING FIRMS Resource Guide to Development Organizations and the Internet Introduction Welcome to the directory of development organizations 2008, Volume II: Asia and the Middle East The directory of development organizations, listing 53.750 development organizations, has been prepared to facilitate international cooperation and knowledge sharing in development work, both among civil society organizations, research institutions, governments and the private sector. The directory aims to promote interaction and active partnerships among key development organisations in civil society, including NGOs, trade unions, faith-based organizations, indigenous peoples movements, foundations and research centres. In creating opportunities for dialogue with governments and private sector, civil society organizations are helping to amplify the voices of the poorest people in the decisions that affect their lives, improve development effectiveness and sustainability and hold governments and policymakers publicly accountable. In particular, the directory is intended to provide a comprehensive source of reference for development practitioners, researchers, donor employees, and policymakers who are committed to good governance, sustainable development and poverty reduction, through: the
    [Show full text]
  • Directory of Development Organizations
    EDITION 2007 VOLUME II.A / ASIA AND THE MIDDLE EAST DIRECTORY OF DEVELOPMENT ORGANIZATIONS GUIDE TO INTERNATIONAL ORGANIZATIONS, GOVERNMENTS, PRIVATE SECTOR DEVELOPMENT AGENCIES, CIVIL SOCIETY, UNIVERSITIES, GRANTMAKERS, BANKS, MICROFINANCE INSTITUTIONS AND DEVELOPMENT CONSULTING FIRMS Resource Guide to Development Organizations and the Internet Introduction Welcome to the directory of development organizations 2007, Volume II: Asia and the Middle East The directory of development organizations, listing 51.500 development organizations, has been prepared to facilitate international cooperation and knowledge sharing in development work, both among civil society organizations, research institutions, governments and the private sector. The directory aims to promote interaction and active partnerships among key development organisations in civil society, including NGOs, trade unions, faith-based organizations, indigenous peoples movements, foundations and research centres. In creating opportunities for dialogue with governments and private sector, civil society organizations are helping to amplify the voices of the poorest people in the decisions that affect their lives, improve development effectiveness and sustainability and hold governments and policymakers publicly accountable. In particular, the directory is intended to provide a comprehensive source of reference for development practitioners, researchers, donor employees, and policymakers who are committed to good governance, sustainable development and poverty reduction, through: the
    [Show full text]
  • Interview with a Detainee
    REPORT ON OBSERVANCE OF HUMAN RIGHTS IN THE RELATIONS BETWEEN CITIZENS AND POLICE IN ARMENIA AND GEORGIA National Endowment for Democracy Helsinki Citizens’ Assembly-Vanadzor This report was prepared within the framework of the project “Training and Networking for Young Human Rights Activists” implemented by Helsinki Citizens’ Assembly-Vanadzor with financial support from the National Endowment for Democracy. The views, comments, and conclusions expressed herein do not necessarily reflect the views of the National Endowment for Democracy. The project was implemented from March 1, 2010 to March 1, 2012. Vanadzor - 2012 TABLE OF CONTENTS INTRODUCTION ...................................................................................................................6 RESUME .............................................................................................................................12 MONITORING TOOLS AND METHODOLOGY .....................................................................13 Composition of Monitoring Groups .......................................................................14 Pecularities of Carrying out Monitoring ................................................................15 Cooperation with the Police of Georgia ................................................................15 Cooperation with the Police of Armenia ...............................................................15 REVIEW OF THE GEORGIAN LEGISLATION REGULATING RELATIONS BETWEEN POLICE AND CITIZENS ..................................................................................................17
    [Show full text]
  • The Reflection of Communist Ideology in the Street Renaming Policy in Soviet Yerevan (1921-1939)1
    N. Manucharyan / Analytical Bulletin 8 (2015) The Reflection of Communist Ideology in the Street Renaming Policy in Soviet Yerevan (1921-1939)1 Nelly Manucharyan Institute of Archaeology and Ethnography of NAS RA )[email protected]( Keywords: urban toponyms, identity, street renaming, Soviet ideology, Soviet Yerevan, communism, street names, commemoration Introduction Toponyms (place names) are not simply abstract names in the spatial structure of urban areas, but also serve as a system of social and power relations, through which the identity of a city and society is being shaped.2 The latest works in toponymy focus on “the relation of place-name analysis with the study of power.”3 In his article “The power of commemorative street names,” Maoz Azaryahu (1996) asserts that naming streets as an administrative and political procedure is a vivid expression of power.4 According to him, the renaming process itself is an act of political propaganda with a great declarative value and public resonance.5 Since many political regimes legitimize and reinforce their authority through their use of history, commemorative street names have the effect of 1 This research would be impossible without the support of Mr. Amatuni Virabyan - the Director of the National Archive of Armenia, and Mr. Dorvard Abisoghomonyan - the Advisor to the Director of the National Archive of Armenia. We are also grateful to Mrs. Lusine Amirjanyan for multiple consultations 2 Berg L., Vuolteenaho J., Critical Toponymies: The Contested Politics of Place Naming. Burlington, VT: Ashgate Publishing Company. 2009: 3 Myers, G., Naming and placing the other: power and the urban landscape in Zanzibar // Tijdschrift voor Economische en Sociale Geografi e 87, 1996, 237-46.
    [Show full text]
  • Online Release of the Armenian Weekly's May 2018 Special
    The Armenian Weekly MAY 2018 100 The Armenian Weekly MAY 2018 NOTES RESEARCH 4 Contributors 21 Becoming Aram: The Formative Years of a Revolutionary 7 Editors’ Desk Statesman (1879–1908)—By Khatchig Mouradian 27 Marriage Contract: Armenians Against Venereal Diseases at HISTORY the Beginning of the 20th Cenury—By Anna Aleksanyan 32 The Lasting Legacy of the Second Congress of Western 9 A Glimpse into the First Armenian Republic Archives— Armenians—By Jano Boghossian By George Aghyayan 35 The Legacy of the First Republic of Armenia During the 13 Celebrating the Republic—By Hayk Demoyan Soviet Era: The Tumultous 1960s—By Vahram Ter-Matevosyan INTERVIEW 38 A View from the Bosphorus: Zaruhi Bahri’s Take on the First Republic of Armenia and Its Sovietization 16 The First Republic as a Turning Point for the Armenian —By Lerna Ekmekcioglu Nation: A Conversation with Professor Richard G. Hovannisian OPINION ON THE COVER: Segment from the “Republic of Armenia Centennial” logo, by the ARF Eastern U.S./The Armenian Weekly. Photo of Sardarabad 43 The ARF Response to the Demise of the First Republic Memorial used in logo taken by photographer Matthew Karanian. —By Michael G. Mensoian The Armenian Weekly The Armenian Weekly ENGLISH SECTION THE ARMENIAN WEEKLY The opinions expressed in this May 2018 Editor: Rupen Janbazian (ISSN 0004-2374) newspaper, other than in the editorial column, do not Guest Editor: Varak Ketsemanian is published weekly by the Hairenik Association, Inc., necessarily reflect the views of Art Director: Gina Poirier 80 Bigelow Ave, THE ARMENIAN WEEKLY. ARMENIAN SECTION Watertown, MA 02472. USPS identification statement Manager: Armen Khachatourian 546-180 Editor: Zaven Torikian Periodical postage paid in Sales Manager: Zovig Kojanian Proofreader: Garbis Zerdelian Boston, MA and additional Designer: Vanig Torikian, mailing offices.
    [Show full text]