Home » Business » Latest Armenian News:

Ex-Gyumri Mayor Held Over Murder

Thumbnail

Vartan Ghukasian, the controversial former mayor of Gyumri, was detained along with two dozen other persons late on Tuesday in connection with the killing of a man reputedly connected with his most bitter local rival.

The man, Artyom Karapetian, and another well-known Gyumri resident, Harutyun Khachatrian, were shot by unknown gunmen outside the latter’s apartment block early in the afternoon. Karapetian died in hospital shortly afterwards, while Khachatrian survived after undergoing surgery.

Many in Armenia’s second largest city were quick to point the finger at Ghukasian and his extended family. Karapetian brawled with a Ghukasian loyalist in the run-up to the May 2012 parliamentary elections, while Khachatrian’s son reportedly had a bust-up with one of the ex-mayor’s nephews, Kolya Ghukasian, earlier this year. Kolya was arrested at an Armenian-Georgian border crossing shortly after the killing.

Oskanian Wants Opposition Status For Tsarukian Party

Thumbnail

Former Foreign Minister Vartan Oskanian on Tuesday urged the Prosperous Armenia Party (BHK), of which he is a senior member, to officially declare itself an opposition political force.

“What Prosperous Armenia is doing today is very close to the classical definition of opposition,” Oskanian told RFE/RL’s Armenian service (Azatutyun.am). “But since we created hurdles for ourselves … that has created complications.” 

“If we make such clarifications, I think a lot will change in our political field,” he said.

The BHK, which is led by millionaire businessman Gagik Tsarukian and boasts the second largest parliamentary faction, has been very critical of the Armenian government ever since withdrawing from the ruling coalition in June last year. However, it has stopped short of officially declaring that it is in opposition to President Serzh Sarkisian. BHK representatives have instead referred to their party as an “alterative” to the country’s current leadership.

Anti-corruption body launches probe into top taxman’s alleged business ownership

April 23, 2013 Armenia, Business No Comments
Thumbnail

By an April 10 decision of the Ethics Commission for High-Ranking Officials of Armenia, proceedings have been initiated to examine allegations that Gagik Khachatryan, the head of the State Revenue Committee, is engaged in business activities which would involve a conflict of interest as far as his official duties are concerned.

The decision was taken based on an application from the Transparency International (TI) Anti-Corruption Center. TI, in turn, cited an article published in the pro-opposition daily “Haykakan Zhamanak” last October which alleged Khachatryan was engaged in large-scale economic activities. In particular, it presented a long list of companies which it said were owned by the official. Among them are a major Internet and cable TV service provider, two food-importing companies, one supermarket, a car dealership and a luxury watch store in Yerevan.

AUA Study: Mining in Armenia Creates Poverty, Income Inequality

Image 25788.jpg

11:59, April 23, 2013

YEREVAN – While mining contributed to economic growth in Armenia between 2004 and 2010, it simultaneously created income inequality and poverty, according to a recent study by the AUA Acopian Center for the Environment (ACE), conducted in cooperation with the AUA College of Business and Economics (CBE).

The study’s principal researcher and author, Dr. Aleksandr Grigoryan, looked at regional-level data and reports that mining does have some positive impact on the growth of the economy. “This supports the claim often repeated by proponents of mining that it is needed for Armenia’s economic growth,” said Grigoryan, an assistant professor of economics at AUA.

Armenian Tax Chief Probed Over Business Ownership

Thumbnail

A state anti-corruption body has launched an inquiry into a possible conflict of interest stemming from the alleged ownership by Gagik Khachatrian, the controversial head of Armenia’s tax and customs services, of lucrative businesses.

The state Commission on the Ethics of High-Ranking Officials has given Khachatrian until Tuesday to provide detailed explanations regarding persistent media reports implicating him in large-scale economic activities.

The commission based at the presidential administration building in Yerevan issued the order on April 13 in response to a request by 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.

Nordea Bank Fined For TeliaSonera-Related Dealings

April 20, 2013 Armenia, Business No Comments
Image 25739.jpg

21:44, April 20, 2013

The Nordic region’s biggest bank, Nordea, received a $4.7 million fine Tuesday from Sweden’s financial watchdog agency for breaching money laundering rules, according to astatementfrom the agency’s website.

Nordea came under scrutiny for its relationship to the TeliaSonera scandal. The Swedish communications giant stands accused of bribery and money laundering for its business deals with Uzbekistan’s ruling family.

In 2007, looking to expand its mobile phone business in Uzbekistan, TeliaSonera bought the 3G licenses it needed for only $320 from the Gibraltar-registered Uzbek company Takilant. Since only the government can legally issue those licenses, and the head of Takilant is a close friend and associate of Uzbekistan’s ruling family, that payment is now suspected to have been a bribe that was laundered through Takilant before it made its way into the ruling family’s pockets.

Europol: Montenegro A Money-Laundering Center

April 20, 2013 Armenia, Business, Europe No Comments
Image 25740.jpg

21:48, April 20, 2013

Montenegrin media this week published excerpts of a Europol report calling the country a major money laundering country and citing concern for its regulation of corrupt practices.

After the European Union General Affairs Council invited Europol to evaluate Montenegro on its organized crime situation, the police agency drafted an as-yet-unpublished report that was excerpted Monday in the daily newspaper”Dnevne Novine.”

“Europol warns that Montenegro has a problem with money laundering for illegally gotten gains in the legal economy and jobs. We are still examining what and how much this acquired capital has to do with the national leadership and corrupt practices,” stated the report, which noted that “under special scrutiny are the Russian tycoonswhose business for years has been suspicious to European police.”

Tigran Sargsyan re-appointed Armenia’s premier

Armenian News

22:52 • 19/04
ARF-D rep sees two ways for Armenia

22:22 • 19/04
Armenian National Congress, Heritage refuse consultations on appointment of premier

21:40 • 19/04
Tigran Sargsyan re-appointed Armenia’s premier

21:31 • 19/04
Armenia’s people won elections – Styopa Safaryan

20:57 • 19/04
People’s will must end in victory – Heritage party vice-chair

20:46 • 19/04
Democratic Homeland party leader speaks of ‘bourgeois-democratic revolution’

18:43 • 19/04
Struggle requires loyal people – Armenian Heritage party leader

18:37 • 19/04
Can you catch depression? Being surrounded by gloomy people can make you prone to illness

18:27 • 19/04
Armenia’s acting minister praises Yerevan’s mayor

18:12 • 19/04
Armenia’s President receives head of ARF-D faction

Armenian Dried Fruit Producers to Improve Agricultural Practices

Image 25641.jpg

12:05, April 18, 2013

The USAID-funded Enterprise Development and Market Competitiveness (EDMC) Project and the Small and Medium Entrepreneurship Development National Center (SME DNC) held a presentation for over 70 Armenian dried fruit producers on April 18, 2013. Organized within the framework of the ‘Support to Dried Fruit Production’ initiative by SME DNC and the EDMC Project, the presentation focused on modern technologies and quality standards in dried fruit and vegetable production. It brought together dried fruit producers from Yerevan, Ararat, Armavir, Kotayk, Syunik, and Tavush, as well as representatives of SME DNC, CARD, World Vision Armenia, and other members of the Agricultural Alliance.

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

  • UFC Fighter Suspended For Outrageous Gay Slur
    The Ultimate Fighting Championship (UFC) is putting a chokehold on slurs against the lesbian, gay, bisexual and transgender (LGBT) community. The mixed martial arts fighting... […]
  • Packers Legend Has Derby Horse
    BALTIMORE (AP) — Former Green Bay Packers great Paul Hornung is looking to pull an upset in the Preakness with his 3-year-old colt Titletown Five... […]
  • Why Not Shug?
    BALTIMORE (AP) — Everybody else had their shot. Go down the list of Kentucky Derby-winning trainers the past three decades or so and you'll find... […]
  • Goldencents Looks For Preakness Reversal
    BALTIMORE (AP) — Goldencents will try for a historic turnaround in the Preakness Stakes after running 17th in the Kentucky Derby. No horse who finished... […]
  • 'I'm More Excited Than Nervous'
    BALTIMORE (AP) — Joel Rosario is on the ride of his life. He is the nation's leading jockey and has been piling up victories in... […]
  • Hall Of Fame Trainer Has 3 Of 9 Horses In Preakness
    BALTIMORE (AP) — After being on this earth for 77 years, winning 13 Triple Crown races and totaling more than $100 million in purse money,... […]
  • Looking For A Preakness Longshot?
    BALTIMORE (AP) — Bob Baffert would settle for a competitive effort from Govenor Charlie in the Preakness Stakes on Saturday. An upset of Kentucky Derby... […]
  • Orb Favored To Set Up Triple Crown Try
    BALTIMORE -- Orb is ready for his whirl at history. The Kentucky Derby winner was in a playful mood the day before the Preakness, making... […]
  • 10 Things To Know About The Preakness
    BALTIMORE -- There are only two outcomes when it comes to Saturday's Preakness Stakes – either the Kentucky Derby winner Orb wins the race to... […]
  • WATCH: Heat Star Makes Senior's Dream Come True
    MIAMI -- So what does an All-Star shooting guard with a bum knee do when he has a night off during the NBA playoffs? Go... […]

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.