DOCSLIB.ORG

Armenia Highlights

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Armenia Highlights NEWLY appoinTED miniS- ArmenianS DenoUNCE TerS inTroDUCED BY THE KOBE BrYanT DeaL WITH Prime MiniSTer TUrkiSH AirLineS PAGE 4 PAGE 2 ARMENIA HIGHLIGHTS Weekly Digest of the Government of Armenia December 14-20 2010 THEMA President SERZH SARGSYAN PARTICIPATED AT “Quote of “THE Crime OF GENOCIDE” InternatiONAL the week” CONFERENCE “RURAL POPULATION IS THE MAIN BENEFICIARY OF THIS AMENDMENT AS THEY WILL AVOID SHOUL- DERING AN EXTRA FINAN- CIAL BURDEN AND WILL BE PRIVILEGED IN THIS RESPECT “ TIGRAN SARGSYAN PM OF ARMENIA December 16, 2010 www.gov.am n December 14, President Serzh Expressing gratitude for the award, Dr. OSargsyan participated at “The Despui said that because he shares the Crime of Genocide: Prevention, Con- pain of the Armenian people and defies demnation and Elimination of Conse- denial of the Genocide, he has decid- Upcoming Events quences” International Conference held ed to fight for justice and truth and has in Armenia on December 14-15. The been on that important mission for years. Conference is dedicated to the adoption “I am happy to be part of this impor- of the UN Convention on Prevention and tant event in Yerevan. There have DECEMBER 22: PM Tigran Punishment of the Crime of Genocide. been many occurrences in the strug- Sargsyan to meet with PM Vladimir The conference in Armenia has gathered gle against denial which have brought Putin in Saint-Petersburg numerous scholars from over 20 states, me here,” said Leandro Despui. including renowned experts of genocide At the International Conference “The DECEMBER 31: New Year 2011 studies, and among them Dr. Leandro Crime of Genocide: Prevention, Condem- Despui (Argentine) - a diplomat and nation and Elimination of Consequences” JANUARY 6: Armenia marks a scholar. By the decree of President President Serzh Sargsyan made a statement. Christmas Serzh Sargsyan Dr. Despui was award- “I welcome all participants of this Con- ed Mkhitar Gosh medal for his consid- ference. I thank those foreign scholars erable contribution to the international who accepted our invitation and came recognition of the Armenian Genocide. to Armenia to take part and make pro- “This award has been bestowed upon posals in the scientific discussions on USEFUL LINKS you through the will of our people, and the crime of genocide, its condemnation • www.president.am I fulfilled that wish. We are grateful and prevention as well as the elimina- • www.gov.am to you, your country and your people tion of the consequences of that crime. • www.parliament.am for sharing our pain, for creating fa- Today, more than ever, it is necessary to take • www.mfa.am vorable living and working conditions serious steps and develop efficient mecha- • www.armenpress.am in Argentine for those of our com- nisms for the prevention of genocides.” • www.panarmenian.net patriots, who had managed to escape Continuation p. 3 • www.matenadaran.am the Genocide,” Serzh Sargsyan noted. ARMENIA HIGHLIGHTS CHRONICA NEWLY appoinTED miniSTerS inTroDUCED BY THE Prime HEADLINES OF MiniSTer THE WEEK rime Minister Tigran Sargsyan called at Tigran Sargsyan emphasized that Vache Pthe ministries of finance, economy and Gabrialyan’s long experience in the financial • DECEMBER 14: HSBC Bank Arme- justice to introduce newly appointed min- system adds to his awareness of the goals of nia to assist Khosrov reserve protection isters Vache Gabrielyan, Tigran Davtysn reforms: “I am convinced that Vache Gab- • AH and Hrair Tovasyan. rialyan’s assumption • DECEMBER 15: Henrik Mkhitaryan Introducing newly ap- to the office will be announced Shakhtar best contract player pointed minister Vache very smooth since he • AH Gabrielyan to the staff of has long-standing part- • DECEMBER 16: Kyiv hosts Arme- the Ministry of Finance, ners in the ministry.” nian cuisine and dances presentation the head of government The recent changes in • AH evoked the priority the system of govern- • DECEMBER 17: Armenian Min- tasks facing the minis- ance were said to be istry of Transport and Commu- try and the future pro- aimed at mobilizing nication to present investment grams of the government. the existing capacity, programs at TRACECA forum as well as the achievements and know-how ahead of the new tide of post-crisis reforms. • AH Introducing newly appointed Minister of Justice Hrair Tovmasyan and congratulat- • DECEMBER 18: Serzh Sargsyan: Az- ing him on appointment, the Prime Minister said to be highly appreciative of his profes- eri propaganda would have exploded sional skills and human qualities. In the words of Tigran Sargsyan, Hrair Tovmasyan’s like a soap bubble in case of a war deep knowledge and wide experience may help him promote the reforms stipulated in • AH the program of the government: “It should be noted that Hrair Tovmasyan is well versed • DECEMBER 18: Anders Fogh Ras- in administrative affairs since he used to be deputy minister and member of Constitutional mussen stresses importance of re- Court staff. I am convinced that his professional experience will serve him on this post.” newed Armenia-NATO individual Evoking his public statements concerning the dismissal of the former justice minister, the head of partnership program development government highlighted the need for the new minister to deal with serious management-related • AH problems facing the system. “The ministry staff are believed to live up to the tasks specified in • DECEMBER 20: VivaCell- the President’s electoral platform and the program of the government,” Tigran Sargsyan said. MTS to invest $55mln in 2011 Congratulating once again Hrair Tovmasyan on appointment to such a high in 4G network expansion post, the Prime Minister said his efforts will be followed closely by the public. Newly appointed Minister of Economy Tigran Davtyan was next to be introduced to the AH ministry staff. Congratulating Mr. Davtyan on appointment, the Prime Minister said the new minister did not need introducing as he had had quite a long experience at Minis- try of Economy: “He was a colleague of yours all along his years-long service as deputy Armenian DefenCE MiniSTer minister, in particular. So, he is familiar with task, and I am confident that the know-how SeYran OHanYan MeeTS THE gained at the post of finance minister may help him have a deeper understanding of those DeLEGATion of THE US EUro- challenges facing the economy and the State as a whole,” the Prime Minister pointed out. pean CommanD December 18, 2010, full story www.gov.am rmenian Minster of Defence Seyran THE BEST EVIDenCE of naTionaL UniTY AOhanyan met the delegation headed by the deputy chief of the J5 Department ipation of the citizens of Armenia in this of the US European Command Rear year’s telethon was especially gratifying, Admiral Mark Montgomery. Ambas- and it is increasing year after year. If in sador of the USA to Armenia Mary Jo- 2009 the number of donators from Arme- nia was 30 000, these including individu- hanovich also took part in the meeting. als and organizations, this year it reached Underlining the importance of the Ar- 42 thousand 600. Besides 20 000 dona- menian-American cooperation in the tions were made through a SMS (text) spheres of strategic defence review, mili- message, and 19 000 – through “Hay- tary education, peacekeeping, demining, Post” postal service. etc, the Minister stated that it is one of the ayastan All Armenian Fund’s “Tel- In the meanwhile most donations and most important directions of the ARM Hethon 2010” raised USD 20,863 mil- pledges, almost half of the total sum - USD MoD international military cooperation. lion donations and pledges. The money 10,600 million were received from Russia Highly evaluating Armenia’s partici- including the Moscow charity dinner at raised during the Telethon will be mostly pation in international peacekeeping allocated to the construction and recon- the participation of the President of Arme- struction of the water supply system in nia. Correspondingly USD 2,225 million missions and the effective coopera- Artsakh, as well as implementation of ru- and USD 2,112 million was donated from tion with the US, Rear Admiral Mark ral development project in the provinces of France and U.S. Western Region. USD Montgomery stated that the US Euro- Armenia. Executive Director of Hayastan 1,965 million was received from Armenia, pean Command is ready to continue All-Armenian Fund Ara Vardanyan stated and USD 1 million - from Artsakh. the cooperation and broaden its scopes. at yesterday’s press conference that partic- December 18, 2010 www.hhpress.am December 17, 2010 www.mil.am 2 AH ARMENIA HIGHLIGHTS RES PUBLICA RA GOVernmenT DISCUSSES proBLemS faCED BY LOCAL Begining on page 1 proDUCerS oday, more than ever, it is necessary government,” said Tigran Sargsyan. Tto take serious steps and develop ef- The parties exchanged opinions con- ficient mechanisms for the prevention of cerning efficient implementation of genocides. And today, more than ever, industrial policy in Armenia. Specifi- the impunity of different political admin- cally, tax administration, increase in ex- istrations and states, which have com- port volumes, stimulation of small and mitted the crime of genocide, absence medium enterprises, as well as tourism of international condemnation, lack of development and innovation technolo- adequate mechanisms or their inepti- rmenian Prime Minister Ti- gies were in the focus of the meeting. tude created a situation when the man- Agran Sargsyan presided over a The Armenian Prime Minister said kind, along with other grave challenges, meeting with participation of mem- it is necessary to submit the offers in still faces the threat of new genocides. bers of the Union of Local Produc- written form, saying that they will be Bitter lessons of the Armenian Genocide ers of Armenia and Committee for included in the projects, which are en- are not just memories in the history of the Financial, Economic and Budget- visaged to be implemented in the near world: they were amplified by the horrors ary Issues of the Public Council.
Load more

Recommended publications
  • Semi-Annual Report
    2011 Promoting public-private dialogue, strengthening advocacy, building capacity, improving business environment and investment climate ANNUAL REPORT BUSINESS SUPPORT OFFICE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT This report provides a comprehensive overview of the EBRD BSO’s activities across four main areas of its operation in Armenia over the past year. It features summary of engagement, key facts and figures, and illustrates main achievements. EBRD BSO EBRD BSO Annual report 2011 Table of Contents EXECUTIVE SUMMARY .......................................................................................................................... 3 THE ACHIEVEMENT OF THE BSO OBJECTIVES ............................................................................... 7 ACTIVITY 1 - ASSISTANCE TO THE INSPECTION REFORMS COORDINATION COUNCIL SECRETARIAT .........................................................................................................................................11 ACTIVITY 1.1 ADOPTION OF THE RA LAW ''ON MAKING AMENDMENTS TO THE RA LAW ON ORGANIZING AND CARRYING OUT INSPECTIONS''.............................................................................................................................. 14 ACTIVITY 1.2 IMPLEMENTATION OF THE RA LAW ''ON MAKING AMENDMENTS TO THE RA LAW ON ORGANIZING AND CARRYING OUT INSPECTIONS'' ................................................................................................. 15 ACTIVITY 1.3 RISK BASED INSPECTION SYSTEM .............................................................................................
    [Show full text]
  • American University of Armenia Analysis of Anti
    AMERICAN UNIVERSITY OF ARMENIA ANALYSIS OF ANTI-TRAFFICKING POLICIES IN THE REPUBLIC OF ARMENIA A MASTER’S ESSAY SUBMITTED TO THE FACULTY OF THE GRADUATE SCHOOL OF POLITICAL SCIENCE AND INTERNATIONAL AFFAIRS FOR PARTIAL FULFILLMENT OF THE DEGREE OF MASTER OF ARTS BY GALUST KHANVELYAN YEREVAN, ARMENIA JANUARY 2010 SIGNATURE PAGE Faculty Advisor Dr. Vache Gabrielyan Date Dean Dr. Lucig H. Danielian Date American University of Armenia January 2010 II ACKNOWLEDGMENTS I would like to express my sincere gratitude to my Faculty Advisor Dr. Vache Gabrielyan for his continuous support, guidance and encouragement that he provided me during the process of writing my Master’s Essay. The incomparable professionalism Dr. Gabrielyan has as a professor and supervisor was of remarkable help to me. His criticism, comments, suggestions and readiness to answer my questions, show the right directions, and provide any kind of information referring to the topic had been very valuable for me without which I could hardly finish this essay. Dr. Gabrielyan’s kind and friendly attitude always encourages students to do their best. My special thanks go to my Professor of Policy Analysis and Methods Dr. Christopher Foreman for his substantial support as well as for the choice of the topic for my Master’s Essay. It is from Dr. Foreman that I acquired the knowledge, skills, and tools necessary to properly deal with policy analysis. His courses and lectures largely contributed to developing my analytical skills and abilities that further helped me accomplish this work. I am also eager to express my deep gratitude to the Dean of the Political Science and International Affairs Department Dr.
    [Show full text]
  • Speaker of the Armenian National Assembly, Chairman of the ASPU Council 2
    Composition of ASPU Council 1. Galust Sahakyan - Speaker of the Armenian National Assembly, Chairman of the ASPU Council 2. Gurgen Dumanyan - First Deputy Minister-Chief of the RA Government Staff 3. Vache Gabrielyan - Deputy Prime Minister of Armenia, Minister of International Economic Integration and Reforms 4. Eduard Sharmazanov - Vice-Speaker of the Armenian National Assembly 5. Ruzanna Muradyan - an Armenian lawmaker 6. Hasmik Poghosyan - Minister of Culture of Armenia 7. David Sargsyan - Financial Director of Ardshininvestbank 8. Armen Ashotyan - Minister of Education and Science of Armenia 9. Archbishop Navasard Kchoyan - Vicar of the Ararat Patriarchal Diocese of the Armenian Apostolic Church 10. Manuk Mkrtchyan - Deputy Minister of Education and Science of Armenia 11. Norayr Ghukasyan - Director of the National Institute of Education of the RA Ministry of Education and Science 12. Aram Karapetyan - Head of the State Inspectorate of Education of the RA Ministry of Education and Science 13. Anahit Bakhshyan - Deputy Director of the National Institute of Education of the RA Ministry of Education and Science 14. Gayane Soghomonyan - Head of the Education Department at Yerevan Municipality 15. Laura Asatryan - Head of the Department of History and Theory of Pedagogy 16. Levon Arabajyan - Professor of the Department of Mathematical Analysis and Theory of Functions, Doctor of Science in Physics and Mathematics 17. Srbuhi Gevorgyan - Professor of the Department of Development and Applied Psychology 18. Aelita Dolukhanyan - Head of the Department of Ancient and Medieval Armenian Literature and its Teaching Methods 19. Heghine Khachatryan - Dean of the Faculty of Primary Education 20. Hravard Hakobyan - Professor of the Department of History and Theory of Art and Culturology 21.
    [Show full text]
  • Message from the Amcham 1St Vice President
    Kan-Tor & Acco (KTA) is a leader in the field of corporate immigration law. The principal mission of KTA is to assist the business sector in relocating employees from one country to the other. For over 25 years KTA has worked to secure work permits for experts and professionals worldwide, including the United States, Israel and the European Union countries. Our client base ranges from multinational corporations and industry leaders to technology start-ups in numerous industries, such as high-tech, bio-tech, banking, aviation, telecommunications, management consultancy and jewellery and diamonds. Kan Tor & Acco also implements assistance with employment visas, complex family-based visa petitions and/or waivers, E-1 treaty trader or E-2 investor issues, or other immigration law concerns, it has the in-depth experience required in the US. Kan-Tor & Acco I Israel, Poland, Armenia I www.ktalegal.com I Armenia office: [email protected] I (+374 93) 703 005 An Official Publication of the American Chamber of Commerce in Armenia Editor in Chief Karine Sarkissian Editors Lusine Shaljyan Anush Hovsepyan Lusine Zoryan Layout & Design Printing Contact Information 1 Amiryan Street, Armenia Marriott Hotel Yerevan, 0010, RA (+374 10) 599 902; (+374 10) 599 187; (+374 55) 599 187 [email protected] www.amcham.am AmCham Armenia AmChamArmenia AmChamArm PUBLISHER AMERICAN CHAMBER OF COMMERCE IN ARMENIA The content of this publication must not be reproduced in full or in part without prior written permission of the publisher. CONTENT KARINE SARKISSIAN EXECUTIVE DIRECTOR American Chamber of Commerce in Armenia – 6 ELINA MARKARYAN 1ST VICE PRESIDENT – 7 Amchams in Europe Statement – 8 Gold Members – 10 Archidutch – 11 IDEMIA – 12 KPMG – 13 Silver Members – 14 New Members – 16 Bronze Members – 18 COVID-19 – 21 ROAD TO SUCCESS Ms.
    [Show full text]
  • ANNUAL REPORT 2010 5 Donate.Himnadram.Org Donate.Himnadram.Org 6 HAYASTAN ALL-ARMENIAN FUND Message from Bako Sahakyan, President of the Republic of Artsakh
    CONTENT BOARD OF TRUSTEES 3-8 Message from RA President 4 Message from NKR President 6 Board of Trustees 8 ACTIVITY REPORT 9-38 Executive director’s message 10 EDUCATION SECTOR 12-19 Artsakh 12 Armenia 17 HEALTHCARE SECTOR 20-25 Armenia 20 Artsakh 25 OUR SHUSHI 26-29 WATER SUPPLY 30-33 Artsakh 30 Armenia 32 RURAL DEVELOPMENT 34-35 Armenia 34 PRESIDENT’S PRIZE 36 FUNDRAISING 2010 37-38 FINANCIAL REPORT 39-56 Auditor’s report 40 Annual consolidated balance 41 Participation by countries 42 EDUCATION SECTOR 44-47 Armenia 44 Artsakh 46 EDUCATION SECTOR Armenia 48 Artsakh 49 ECONOMIC INFRASTRUCTURES 50 WATER SUPPLY 51 SOCIAL , CULTURAL AND OTHER PROJECTS Armenia 52 Artsakh 55 GOLDEN BOOK 57-59 donate.himnadram.org 2 HAYASTAN ALL-ARMENIAN FUND Board of Trustees 3 donate.himnadram.org 4 HAYASTAN ALL-ARMENIAN FUND Message from Serzh Sargsyan, President of the Republic of Armenia Throughout 2010, the Hayastan All-Armenian Fund demonstrated that it remains steadfast in realizing its extraordinary mission, that it continues to enjoy the high regard of all segments of our people. Trust of this order has been earned through as much hard work as the scale and quality of completed projects. Despite the severe economic downturn that impacted Armenia and the rest of the world in 2010, the fund not only stayed the course, but went on to raise the bar in terms of fundraising objectives. Such a singular accomplishment belongs equally to the Hayastan All-Armenian Fund and the Armenian nation as a whole. Development projects implemented in 2010 as well as ongoing initiatives are of vital and strategic significance to our people.
    [Show full text]
  • AGBU ARMENIA NEWSLETTER Yerevan, Armenia
    ARMENIAN GENERAL BENEVOLENT UNION AGBU ARMENIA NEWSLETTER Yerevan, Armenia IN THIS ISSUE Issue 34, July - December, 2015 AGBU President Awarded (p. 1) AGBU Vahe Karapetian Center AGBU PRESIDENT BERGE SETRAKIAN AWARDED MEDAL Inaugurated in Yerevan (p. 2-3) “FOR SERVICES TO THE HOMELAND” TUMOxAGBU Stepanakert (p. 4) Nazarian Family Donates MRI Unit to Heratsi Hospital (p. 5) Global Teaching Labs (p. 6) E-Governance Armenia (p. 7) Mr. and Mrs. Setrakian Host Re- ception for AUA President (p. 8) AGBU Scholarship of Excellence to UFAR Students (p. 9) 10th Republican Chess Tourna- ment (p. 10) Gyumri Project Hope (p. 11) AGBU Holds Debate on RA Constitutional Reforms (p. 11) AGBU Continues to Help Syrian-Armenians (p. 12-13) AGBU Summer Youth Programs in Armenia (p. 14-24) 6th Pan-Armenian Games (p. 25) th th Yerevan Half Marathon (p. 25) On September 26 , 2015, the 6 session of the State Commission on the Coordination of Events for the Commemoration of the Armenian Genocide Centennial took place at the AGBU Armenian Virtual College (p. 26-28) RA Presidential Residence, presided over by the RA President Serzh Sargsyan, Chairman of the Commission. American University of Armenia (p. 29) At the beginning of the session, the Chief of Staff to the RA President, Vigen Sargsyan, Mother See of Holy Etchmiadzin Chief Coordinator of the Events for the Commemoration of the 100th Anniversary of the (p. 30) Armenian Genocide, presented an intermediate report on Centennial events, followed by Exhibitions at AGMI (p. 31) an awards ceremony. Stitched With Love (p. 32) Upon the RA President’s decree, AGBU President Berge Setrakian was awarded a second AGBU Yerevan Scouts (p.
    [Show full text]
  • Armenia Highlights
    IN CASE OF MULFUNCTIONING MORALE AND COMBAT THE GOVERNMENT WILL BE readiness in armenia’s COMPELLED FINES AND PENAL- ARMY HIGHER THAN IN TIES PAGE 2 azerbaijan’s PAGE 4 ARMENIA HIGHLIGHTS Weekly Digest of the Government of Armenia February 8-14, 2011 THEMA “Quote of the week” “THE GOVERNMENT WILL TAKE EVERY EFFORT TO DECREASE INFLATIONARY RISKS IN ARMENIA“ VACHE GABRIELYAN MINISTER OF FINANCE OF RA PRESIDENT SERZH SARGSYAN RECEIVED THE MiNISTER OF FOREIGN AFFAIRS OF UKRAINE Upcoming Events KONSTANTIN GRISHCHENKO resident Serzh Sargsyan re- evolves. In our global world every- Pceived today the Minister of thing is interconnected, and we need FEBRUARY 16: Working visit of Foreign Affairs of Ukraine Kon- to consult over the most commanding PM of Georgia to Armenia stantin Grishchenko who has ar- issues,” Konstantin Grishchenko said. rived to Armenia on official visit. The parties noted that positive develop- FEBRUARY 25-28: “Bridge 2011 The Minister of Foreign Affairs of ments in the bilateral political relations “ economic forum to be hosted in Ukraine presented to Serzh Sarg- registered last year brought also devel- Tsaghkadzor syan the results of the meeting opments in the economic, cultural and with his Armenian counterpart and some other areas, as well as in the co- negotiations aimed at the develop- operation of the two states in the frame- ment of bilateral cooperation in work of international organizations. different areas. He assessed them The Minister of Foreign Affairs of as comprehensive and efficient. Ukraine conveyed to President Serzh “We hope that the Armenian- Sargsyan greetings from the Presi- USEFUL LINKS Ukrainian dialogue will intensify dent of Ukraine and said that Victor • www.president.am at all levels, starting from the high- Yanukovich recalls warmly his last • www.gov.am est.
    [Show full text]
  • Financial Statements and Independent Auditor's Report on 23.02.2018
    NORTH-SOUTH ROAD CORRIDOR INVESTMENT PROGRAM.PROJECT 1 LOAN NUMBER 256!.ARM (COt") FINANCED BY ASIAI\| DEVELOPMENT BANK UNDERTAKEN BY "TRANSPORT PROJECT IMPTEMENTATION ORGANIZATION" SNCO FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR'S REPORT For the period Jan 1., 2077 -Feb23,201a Yerevan 2019 Poge 2 of 78 (AN Audit, CISC 30/3 Gyulbenklan Sr., office 129, Yerevan 0033, Arnrenia Iet: +37 4 10 229421 , +37 4 60 s29o21 E mail: ofilc€@anaudit.am INDEPENDENT AUDITOR S REPORT To the Ministry oJTrunsport, Comnunicltion dnd tnformation Tech hologies af RA ond the 5avemment of',Trdnspoft praject I m pl e mentdtion Org a n izd ti on " Sto te N on -Com merci a I O rya n izo ti o n We have audited the special purpose financial statements (financial statements) of "North-South Road Corridor Investment Program, Tranche l" forthe period stariing on lanuary 0l, 20lT and endingon February 23, 2018 financing Loan Agreement 2561_ARM lcoL) signed between Republic of Armenia anc Asian Development Bank and undertaken by'Transport Project mplementation Organization" 5NCO, which comprise the stater.ent of cash receipts and payments, starement of usage of funds by project activitt statement of wlthdrawals frorn loan, current account statement, statement on cumulative expenditure, lncluding a summary ofsignificant accounting poljcies. > ln our oplnion, in al maierial respects, presents firirly ihe cash receipts and dlsbursements of the Project for the period starting on January 01, 2017 and endjng on February 23, 2018 ln accordance with "Financtal ReporUng under ihe Cash Basis of Accounting" standard published by The Internalional Public Sectof Accounting Standards Board PSASB).
    [Show full text]
  • World Bank Document
    Public Disclosure Authorized 69228 Public Disclosure Authorized POLICY FORUM ARMENIA AFTER THE CRISIS: CHALLENGES AND OPPORTUNITIES CONCEPT NOTE Public Disclosure Authorized (AUGUST 26 2010 VERSION) Public Disclosure Authorized Dilijan Resort Hotel, Armenia September 11-12, 2010 1 Context Armenia has a very small economy that has carried out strong reforms in many areas over the past decade and a half. It grew at a very fast pace prior to the global crisis (about 12 percent on average between 2000 and 2007), in part due to a strong inflow of remittances and FDI. But exports (which are highly concentrated around copper, molybdenum, and tourism) stagnated from 2005 when growth in income per-capita continued while exports per capita started to fall—thus the bulk of GDP growth was driven by the non-tradable sectors and in particular construction. The country was significantly hit by the global financial crisis with output falling by over 14 percent last year. Tight banking regulation preserved financial stability (although commercial banks are exposed to the domestic housing market and, thus, still vulnerable). In response, Armenia adopted a strong stimulus package from early 2009 that like in most countries relied primarily on a countercyclical monetary and fiscal response. With the initial fall in collections the authorities had to cut spending across the board, but as external borrowing became available the stimulus focused on the provision of credit and guarantee facilities to private enterprises, and better prioritization of spending in the state budget towards social sectors and infrastructure. While the package has had the desired stabilization effect, public external debt has however increased from 13.5 percent of GDP in 2008 to a forecasted 43 percent of GDP in 2010.
    [Show full text]
  • Impact of the Global Economic and Financial Crisis on Armenia: Short‐ and Long‐Run Perspectives
    Impact of the Global Economic and Financial Crisis on Armenia: Short‐ and Long‐run Perspectives INTERNATIONAL CONFERENCE July 7, 9:00 – 18:00, July 8, 9:00 – 14:00 Marriott Hotel, Tigran Mets Grand Ballroom Launch of the “Development & Transition” Newsletter, UNDP and London School of Economics (LSE) July 8, 14:00 – 18:00, Marriott Hotel, Tigran Mets Grand Ballroom Workshop July 9, 10:00 – 13:00, American University of Armenia AGENDA TUESDAY, JULY 7, 2009, Marriott Hotel, Tigran Mets Grand Ballroom 9:00 – 9:30 Registration 9:30 – 9:35 Opening Remarks: AIPRG Executive Board 9:35 – 9:50 Keynote Address: Tigran Sargsyan Prime Minister of the Republic of Armenia 9:50 – 10:05 Keynote Address: Asad Alam Country Director for the South Caucasus, World Bank 10:05 – 10:30 Coffee Break 10:30 – 10:55 Impact of the global crisis on emerging economies։ Lorenzo Giorgianni, Division Chief, Strategy and Policy Review Department, IMF 10:55 – 11:10 Financial crisis: Initial socio‐economic impact, political economy of response: Ben Slay, Senior Economist, UNDP CONFERENCE IS SPONSORED BY European Union World Bank ‐ 2 ‐ SESSION 1 Roundtable: Consequences of the global crisis and policy responses: lessons from European Countries in Transition Chair: Ben Slay, Senior Economist, UNDP 11:20 – 12:45 Cross‐country presentations Macedonia: Marjan Nikolov, President, Center for Economic Analyses Ukraine: Sergiy Kruglyk, Director of Department of external economic relations of the National Bank of Ukraine Russia: Lev Freinkman, Institute for the Economy in Transition
    [Show full text]
  • President Sargisian Arrives in Boston
    APRIL 2, 2016 Mirror-SpeTHE ARMENIAN ctator Volume LXXXVI, NO. 37, Issue 4431 $ 2.00 NEWS The First English Language Armenian Weekly in the United States Since 1932 INBRIEF 19 Percent of President Sargisian Arrives in Boston Armenian Children Under 5 Are Stunted Reception Hosted YEREVAN (Mediamax) — Around 15 percent of At Baikar households in Armenia have not had adequate food since 2010 and a significant proportion are at risk WATERTOWN — President Serge of becoming food insecure. This statistic was stated Sargisian and his entourage arrived in in the joint report of Armenian National Statistical Boston on Monday, March 28, for the Service, UN World Food Programme (WFP) and Armenian leader’s inaugural visit to UN Children’s Fund, which reports that numerous Massachusetts. households have serious nutrition problems. As part of his first day’s activities, the According to the report, the dual malnutrition president, accompanied by Diaspora burden hampers the ability of Armenia to reach its Minister Hranoush Hakobyan, as well as his full human and socio-economic potential. chief of staff, Vigen Sargisian, and a large The report indicates that Armenia is exposed to entourage including the Primate of the multiple risks, and that 28 percent of households Diocese of the Armenian Church of are at risk of becoming food insecure if affected by America (Eastern) Archbishop Khajag any financial downturns. Moreover, 19 percent of Barsamian, Armenia’s Ambassador to the children under age 5 are reported to have stunted US Grigor Hovhannisian and Minister of growth, and almost 15 percent were found to be Education Levon Mkrtchyan, visited the overweight.
    [Show full text]
  • EU Urges Democratic Elections in Armenia
    22 YEARS The #4 Noah’s Ark (1092) 9 February 2016 Published Since 1993 Weekly Newspaper HIGHLIGHTS ÜáÛÛ³Ý î³å³Ý ß³μ³Ã³Ã»ñà (³Ý·É. / ýñ³Ýë.) EU Urges Democratic Elections In Armenia Armenia - Piotr Switalski, the head of the EU Delegation in Armenia. See p. 3 In This Issue The region is on the threshold of a new Noyan Tapan Video Studio phase of Syrian crisis: R. Safrastyan p.5 is offering professional video and photography for indoor and outdoor events such as weddings, birthday parties, Yerevan Insists on lower official events, seminars and conferences. Tel: 060 27 64 62 Russian gas price p.6 Address: Isahakyan 28, 3rd floor, Yerevan 0009 Ralph Yirikian's Personal Support to People Living in the Borderland p.12 Noyan Tapan Printing House Sergey Smbatyan Received Ovation is offering coloured and black and white offset and digital Conducting Sarajevo Philharmonic p.13 printing of books, brochures, booklets, journals, etc with Charles Aznavour: I hope Armenia will high quality and low prices Tel: 060 27 64 62 finally live in peace p.18 Address: Isahakyan 28, 3rd floor, Yerevan 0009 9 February #4 (1092) 2016 2 www.nt.am The Noyan Tapan Highlights Armenia, Georgia sign 2016 Military Cooperation Plan A Georgian delegation led by Defense Minister Tinatin Khidasheli has arrived in Armenia for an official visit. Following an official welcome ceremony, the Defense Ministers of the two countries signed the 2016 Military Cooperation Plan. "Although Armenia and Georgia have chosen different securi- ty systems, it will not hamper the cooperation on a common bilat- eral agenda aimed at the reinforcement of security and stability in the region," Armenian DM Seyran Ohanyan told reporters follow- ing the meeting.
    [Show full text]