Home » Business » Latest Armenian News:

Armenian government, IBM corporation sign memorandum of understanding

Image 3.jpg

Armenia’s Government and the International Business Machines (IBM) Corporation have signed a memorandum of understanding to study the possibilities of long-term cooperation.Armenia’s Minister of Economy Vahram Avetisyan and Kirill Korniliev, Country General Manager, IBM Russia & CIS, signed the memorandum in the presence of Armenian Prime Minister Tigran Sargsyan.The Armenian premier welcomed the mutually beneficial cooperation with the IBM.“I am sure that the cooperation will give new impetus to IT development in Armenia, which is among our government’s priorities,” the premier said.Long-term cooperation implies the government unlocking the innovative potential of educational institutions, IT organizations and small and medium enterprises. Under the memorandum, the sides intend to draft an agreement on establishing a Center for IBM Innovative Solutions and Technologies in Armenia.The sides will discuss Armenian educational institutions’ involvement in IBM education programs.“In Armenia, like throughout the world, the IT sector is one of the most important economic sectors, which greatly influences the other sectors’ efficiency. By combining the IBM’s best international experience and the local experience we intend to establish long-term cooperation, which will contribute to steady economic growth and development of the country’s potential, a guarantee of competition in the international market. We are happy about this opportunity of long-term cooperation, which is supposed to enhance the Armenian IT sector’s efficiency and ensure the country’s economic growth,” said Kirill Korniliev.

Tax Chief Cleared Over Business Ownership

Thumbnail

Gagik Khachatrian, the controversial chief of Armenia’s tax and customs services, has not abused his position to enrich himself or his relatives, according to a state anti-graft body that has investigated corruption allegations leveled against him.

The state Commission on the Ethics of High-Ranking Officials launched the inquiry last month in response to a petition from the Anti-Corruption Center (ACC), the Armenian branch of the Berlin-based watchdog Transparency International. The ACC in turn cited an article published in the pro-opposition daily “Haykakan Zhamanak” last October.

New Armenian Cabinet Vows ‘Revolutionary’ Change

Thumbnail

President Serzh Sarkisian’s newly reshuffled government pledged to significantly reduce poverty and unemployment and establish the rule of law in Armenia in the next five years as it sought a vote of confidence in parliament on Tuesday.

Prime Minister Tigran Sarkisian addressed the National Assembly to present the cabinet’s five-year plan of actions that sets a number of concrete socioeconomic targets, including an annual economic growth rate of 5-7 percent.

According to the government program, continued growth will result in over 100,000 new jobs, double the national minimum wage, and reduce the official poverty rate by at least 8 percentage points in 2013-2017. “Everybody must be certain that poverty and unemployment are not a destiny but a difficulty that can be overcome by daily work,” it says.

Yahoo ‘to buy Tumblr for $1.1bn’

May 20, 2013 Armenia, Business No Comments
Image 3.jpg

Yahoo’s board has approved a deal to buy New York-based blogging service Tumblr for $1.1bn (£725m), US media reports say. 
 
The acquisition is expected to be announced as early as Monday.
 
The deal was a “foregone conclusion” and was unanimously voted for by the board, tech blogAllThingsD reported, citing sources close to the matter, BBC reports.
 
If confirmed, it will be CEO Marissa Mayer’s largest deal since taking the helm of Yahoo in July 2012.Neither Yahoo nor Tumblr responded immediately to requests for comment.
 
Under the terms of the acquisition, Tumblr would continue to operate as an independent business, the Wall Street Journal said, citing unnamed sources familiar with the situation.
 
The company is currently run by David Karp, a 26-year-old New Yorker who founded Tumblr in 2007, and he is expected to remain in his role.
 
Analysts say that by acquiring Tumblr, Yahoo will gain a larger social media presence and enhance its ability to attract younger audiences in its battle with internet rivals Google and Facebook.

Heritage party leader not surprised with Tsarukyan’s statement

Image 3.jpg

The statement of the Prosperous Armenia party leader Gagik Tsarukyan that he is not an opposition was not a surprise for the Heritage party leader Raffi Hovannisian.

Speaking to reporters after the open civil discussion convened by him, Hovanissian said they have met with Tsarukyan twice and he said about it. “I have met with Mr Tsarukyan twice and he is one of the unique persons who has always been frank with me and explained that he will never be an opposition,” Hovanissian said.

Asked why he has not voiced about it, Heritage party leader said it was a private meeting and the question should be forwarded to Tsarukyan.

From the art of jewelry to the subtlety of cuisine: Syrian Armenian masters new business in Armenia

Thumbnail

When Raffi Asmarian came to Armenia from Syria last August, all his thoughts were about returning home, but the longer the war in Syria lasted, the clearer it was that returning was not possible.

After investigating the Armenian market for a while, Asmarian realized the business he had in Syria has no possibility in Armenia. A few months ago Asmarian, a successful jeweler from Aleppo, took up a brand new business for himself in Armenia, by opening a small store-cafeteria on Ashtarak highway, near the Vahakni Residential Community (about 12 kilometers outside Yerevan’s center).

U.S. Envoy Calls For More Competition In Armenia

Thumbnail

U.S. Ambassador John Heffern stressed on Friday the importance of liberalizing lucrative sectors of the Armenian economy that have long been dominated by a handful of large companies or individual entrepreneurs.

Heffern said the U.S. Embassy in Yerevan is raising the matter with the Armenian authorities “all the time.” “We have an open and professional discussion of all these issues,” he told reporters. “They are committed to make reforms, and we are going to continue to assist them with those reforms.”

“When Armenia went from one cellphone company to three, what happened? Service improved and prices went down. And I think that’s a principle for sugar, airlines and everything else,” he said during a visit to a Coca Cola bottling plant in Yerevan.

European Way: Armenian chairmanship in CE committee coincides with major integration effort

Thumbnail

This week at the 123rd session of the Council of Europe’s Committee of Ministers in Strasbourg, France, attended by delegations from 47 countries Armenia assumed its first-ever six-month rotating chairmanship of the organization.

And although this chairmanship has been granted alphabetically (taken over from Andorra and to be passed on to Austria, with a further relay to Azerbaijan), observers say it represents a major landmark on Armenia’s path to European integration.

Armenian Foreign Minister Edward Nalbandian, who attended the session, presented the goals and priorities of Armenia during its chairmanship. It will, in particular, include “combating racism and xenophobia in Europe, promoting European values through intercultural dialogue, strengthening European standards on human rights and on the rule of law, fostering democratic societies and reinforcing the role of the Council of Europe in the European architecture.”

Gifting warmth: Charity concert to boost fundraising for Gyumri school’s heating system

Thumbnail

Hopes at Lord Byron School in Gyumri to have warm classrooms next winter are becoming more realistic as a charity concert in Yerevan featuring a talented British violinist is set to boost the ongoing fundraising campaign for installing a heating system at the establishment.

The school, which was a gift of the British people to earthquake-hit Gyumri, and is considered to be one of the best in the city, has not had a centralized heating system in the past 17 years, which affects the education process in winters that are particularly harsh in the northwestern part of Armenia.

RSS International News By CNN

CNN International Explores the Secrets of Armenia’s Stone Henge

AdvertisementAdvertisementAdvertisementAdvertisement

Recent Comments

RSS Middle East News By BBC

RSS Sports News By The Huffington Post

  • Chad Johnson Arrested
    FORT LAUDERDALE, Fla. -- Former NFL wide receiver Chad Johnson has been arrested on charges that he violated probation stemming from an altercation with his... […]
  • Ben Berkon: The New York Mets Need to Sign Shin-Soo Choo This Off-Season
    While Mike Baxter and Andrew Brown, perhaps, deserve a chance to start this season, the Mets need to sign to-be free agent Shin-Soo Choo this coming off-season. […]
  • Josh Farmer: Ed Carpenter's Indy 500 Chances
    Ed Carpenter is a rare breed in Indycar today being an owner/driver in a series dominated by multicar teams and rich team owners owners. This weekend, however, he shut out the field and won the pole for the Indianapolis 500. […]
  • 'Me. Retire??'
    Kobe Bryant isn't retiring this summer. As rumors started to spread on Sunday that the five-time NBA champ would end his career after 17 seasons,... […]
  • Angels Over White Sox
    ANAHEIM, Calif. -- Jason Vargas scattered four hits through seven scoreless innings, Erick Aybar and Howie Kendrick each hit two-run doubles, and the Los Angeles... […]
  • Mets Top Cubs 4-3
    CHICAGO -- Cubs starter Travis Wood was thinking about one home run, and it wasn't the one he hit. With two outs in the seventh... […]
  • Rangers Coach's Awkward Mid-Game Interview
    By Joe Lucia, Awful Announcing During Game 2 of the Rangers-Bruins Eastern Conference Semifinals series on Sunday, NBC's Pierre McGuire asked Rangers coach John Tortorella... […]
  • Cabrera's 3 Homers Not Enough
    ARLINGTON, Texas -- Miguel Cabrera never had a night like this last season when he won baseball's first Triple Crown in 45 years. And it... […]
  • LOOK: RG3 Shows Off Massive Mound Of Wedding Gifts
    Very few Redskins fans will score an invite to the wedding of the Robert Griffin III and Rebecca Liddicoat this summer but that apparently hasn't... […]
  • 'What Would Ryan Lochte Do?': Hot Dog Named After Him
    On "What Would Ryan Lochte Do?" the Olympic gold medalist joined an elite club -- except that he thought he was the only member. He... […]

Poll

Sorry, there are no polls available at the moment.

-

Featured Books

Book Reviews

John Balian’s “Novel Approach” Brings the Armenian Saga to the Masses – An interview with John Balian by Lucine Kasbarian

Gray Wolves and White Doves cover art

Armenians often wish for a tale about the Armenian Genocide and its aftermath that would make a blockbuster film and draw attention to their cause. John Balian’s new book, Gray Wolves and White Doves (CreateSpace/Amazon.com), may be that tale.

 Largely autobiographical, this atmospheric novel is presented through the eyes of an innocent young boy trying to make sense of the world as he grows up amid repressive conditions in Western Armenia/Eastern Turkey during the 1960s and 70s.

 This fast-paced, multi-layered narrative takes readers from Hanna Ibelin’s (a.k.a. Jonah Ibelinian’s) close-knit family life in the perilous Asia Minor region of Palu to terror and tragedy while en route to Syria’s Kamishli, to a bleak existence on the mean streets of Istanbul.

New Children’s Picture Book From Armenian Folklore

Teaneck, N.J. and Belmont, Mass. –  An Armenian folktale retold by Armenian-American writer Lucine Kasbarian and illustrated by Moscow-based artist Maria Zaikina debuts with Marshall Cavendish Children’s Publishers in April 2011.

The Greedy Sparrow: An Armenian Tale is from the ancient Armenian oral tradition and culture, which was nearly obliterated during the Turkish genocide of the Armenians, Assyrians and Greeks in 1915. The author learned the tale from her father, editor and columnist C.K. Garabed, who would recite it to her at bedtime. He had learned it from his own grandmother, a celebrated storyteller from the Old Country.  The tale was first put to paper by Armenian poet Hovhannes Toumanian at the turn of the 20th century.

“We Need To Lift The Armenian Taboo”

Turkish writer and publicist Ahmet Insel labels the initiative of the Turkish Nationalist Movement Party to pray namaz on the ruins of Ani as provocation.

In an interview with “A1+,” the publicist said the initiative was supported only by a small percentage of Turks.

“They offered namaz in Ani in protest against Christian rites carried out in Trabzon and Akhtamar. The leader of the Nationalist Movement Party, Devlet Bahceli said if Christians are allowed to pray inside museums, similarly he can pray namaz in Armenian churches,” said Ahmet Insel.

The Turkish writer arrived in Armenia to participate in a book festival. Presentation of Armenian version of Dialogue sur le tabou arménien (Dialogue about the Armenian Tabou) co-authored by Ahmet Insel and Michel Marian was held during the festival.

US Media Discusses The Armenian Genocide

BURBANK, CALIFORNIA –  KFI 640, a popular news/talk radio station hosted by Bill Handel on September 23 aired a live interview with Michael Bobelian, the writer of a new book titled  Children of Armenia: A Forgotten Genocide and the Century-long Struggle for Justice

The book chronicles the aftermath of the Armenian Genocide of 1915, and recounts a people’s struggle for justice in the face of a century of silence and denial.

During the interview, which was aired during the prime morning time slot, Bill Handel addressed both the efforts within the United States to ensure that the US government appropriately acknowledges the Armenian Genocide and Turkey’s ongoing denial.

Handel, a well known and nationally syndicated radio talk show host, has discussed the Armenian Genocide during past shows.

Our Sponsors

Commentary

Hungary: Government May Restrict Access To Information

Image 26421.jpg

14:52, May 13, 2013

The Hungarian Parliament adopted a controversial amendment to its Freedom of Information Act on April 30, a move that will make civilian and journalistic access to information more difficult, Atlatszo.hu reported. The amendment was passed less than 48 hours after its introduction.

The amendment severely limits citizens’ access to public information, as it limits the amount of data individuals may obtain. The amendment also requires that individuals justify requests for information related to court cases, public bodies, and public officials, all information that was previously in the public domain, according to Transparency International.

Imaginary portrait painter up for Turner award

Image 3.jpg

A portrait painter, whose subjects are imaginary, is one of four artists in contention for the 2013 Turner Prize, BBC News reported.Lynette Yiadom-Boakye joins French installation artist Laure Prouvost, Britain’s David Shrigley and the British-German performance artist Tino Sehgal on this year’s shortlist.This year’s Turner exhibition will be held at Ebrington in Derry-Londonderry, 2013′s UK City of Culture.The winner – who will receive £25,000 – will be announced on 2 December.The other shortlisted artists will each receive £5,000.Established in 1984, the Turner Prize is awarded to a contemporary artist under 50, living, working or born in Britain, who is judged to have put on the best exhibition of the last 12 months.Previous winners include Damien Hirst, Antony Gormley and last year’s recipient, the video artist Elizabeth Price.Lynette Yiadom-Boakye, who lives and works in London, is shortlisted for her Extracts and Verses exhibition at the Chisenhale Gallery.She is of Ghanaian descent and is the first black woman to be in contention for the award.Born in 1977, she attended Central Saint Martins College of Art and Design, Falmouth College of Arts and the Royal Academy Schools.According to the prize’s organisers, her “intriguing” paintings “appear traditional but are in fact much more innovative”.Glasgow-based David Shrigley is best known for his humorous line drawings, but also makes sculptures, photographs, paintings and animated films.His work, which combines jokes and commentary, can be found on greetings cards, in books and in magazines, as well as in galleries.His words have been used in recordings by David Byrne and Franz Ferdinand and he directed the video for Blur’s 2009 track Good Song.Born in Macclesfield in 1968, Shrigley is shortlisted for his solo exhibition Brain Activity, at London’s Hayward Gallery.The exhibition, said the Turner Prize organisers, was a “comprehensive overview” that revealed “his black humour, macabre intelligence and infinite jest”.Born in Lille in 1978, Laure Prouvost won the fourth Max Mara art prize for women in 2011 for her short films and installation work.Based in London, she is shortlisted for her new work Wantee, featured in Tate Britain’s Schwitters in Britain exhibition, and her two-part Max Mara art prize installation.Her “unique” approach to film-making, said organisers, “employs strong story-telling, quick cuts, montage and deliberate misuse of language to create surprising and unpredictable work”.Born in 1976 and based in Berlin, Tino Sehgal has been shortlisted for his “pioneering” projects This Variation and These Associations.The latter, staged last year at Tate Modern in London, invited the public to interact with volunteers in a “live installation” staged in the gallery’s expansive Turbine Hall.”Both structured and improvised, Seghal’s intimate works consist purely of live encounters between people and demonstrate a keen sensitivity to their institutional context,” said organisers.”Through participatory means, they test the limits of artistic material and audience perception in a new and significant way.”This year’s jury is chaired by Tate Britain director Penelope Curtis and includes the curator Annie Fletcher and the writer and lecturer Declan Long.Long said the each of the four shortlisted artists represented “remarkable developments” in art.”There’s so much range here, it’s fantastic,” he told the BBC’s arts editor Will Gompertz.Bookmakers Ladbroke have made Shrigley 2/1 favourite to win the prize, ahead of Prouvost, Sehgal and Yiadom-Boakye, a 7/2 outsider.It is the first time the Turner Prize exhibition has ever been held outside England. 

Decision 2013: PAP mum on Hovannisian appeal to Sargsyan, opposition to election outcome

Thumbnail

The Prosperous Armenia Party (PAP), which boasts the second largest faction in the National Assembly, has so far remained tightlipped on its attitude towards opposition leader Raffi Hovannisian’s demand that President-elect Serzh Sargsyan admit election fraud and start transferring power to the people.

PAP spokesman Tigran Urikhanyan refused to provide any commentary on Hovannisian’s Tuesday rally and plans to stage more protests against the official outcome of the February 18 presidential election in which his party had chosen not to take part or endorse any candidate in the race.

The Monday ballot gave victory to incumbent President Sargsyan, who officially polled close to 59 percent of the vote. Hovannisian, his closest challenger, got nearly 37 percent of the vote and is currently disputing the official outcome of the election.

Hovhannisyan Strongly Gains While Sargsyan Still Looks Most Certain to Win in 1st Round

Image 23164.jpg

12:14, February 9, 2013

Today, 9 days before the presidential elections, TNS opinion is presenting the results of its survey “Poll: Armenia on the Eve of Presidential Elections” describing the voting preferences and motivations of the Armenian voters, but also their views on the on-going campaigns of the various candidates. For this TNS opinion poll, implemented together with their local partner IPSC, 1 609 face-to-face interviews were conducted in all 10 regions (marzes) and 12 communities of Yerevan between 31 January and 5 February 2013, using the highest possible standards and extensive quality control measures, as outlined below. The poll was commissioned by European Friends of Armenia (www.EuFoA.org) in order to contribute to a factual debate ahead of the elections (see below for more details about our motivation and the organisations involved).

Vote 2013: Presidential campaign picking up slowly as main candidates continue public meetings

Thumbnail

By the end of the week the campaign in the February 18 presidential election appeared to be getting more active as the main candidates contesting the number one political post held more meetings with members of the public to try to get their messages across.

Incumbent President Serzh Sargsyan, the leader of the Republican Party of Armenia, continued his campaign meetings in the regions, where he visited the Vayots Dzor province. In the town of Yeghegnadzor he met with citizens to tell them that if reelected for another five-year term in office he would make sure his government promoted agricultural cooperation and industries providing a high added value – grape and fruit growing.