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International Monetary Fund (IMF) Backs Armenian Anti-Inflation Measures

March 11, 2011 Armenia No Comments

A senior official from the International Monetary Fund praised on Friday the Armenian government’s efforts to rein in rising inflation and, in particular, its extraordinary plans to regulate key food prices.

President Serzh Sarkisian, meanwhile, ordered his government to do more to stop the “disproportionately” high cost of life in the country from rising further. Echoing the views of his critics and Western donors, he said the authorities should address a lack of competition in imports of basic foodstuffs.

The government approved on Thursday a bill empowering it to impose temporary price caps on 20 foodstuffs if their retail prices soar by at least 30 percent within a month. The list of those products includes bread, meat, dairy products, cooking oil, sugar, and some vegetables.

World Bank Sees Faster Growth In Armenia

January 13, 2011 Armenia No Comments

Economic growth in Armenia will reach to 4.6 percent this year and accelerate to almost 5 percent in 2012, the World Bank said in its annual global economic report released on Thursday.

The forecast for 2011 matches growth projections made by the Armenian government and included in its state budget. The Armenian economy was on course to expand by around 3 percent last year following its sharp contraction in 2009.

The World Bank said the economy will continue to benefit from increased international prices of non-ferrous metals, Armenia’s number one export item. It also pointed to rising remittances from Armenians working abroad and Russia in particular.

Sarkisian Promises ‘Full Recovery’ For Armenia In 2011

December 24, 2010 Armenia, Top News No Comments

President Serzh Sarkisian predicted on Friday that Armenia will fully emerge from recession next year, saying that his government has “stabilized” the economic situation and learned the right lessons from the global financial crisis.

“It is encouraging that in difficult conditions, we managed to stabilize the situation and ensure some economic growth,” Sarkisian told the country’s leading businesspeople at a year-end reception.

“We all are all well conscious that the coming year will be one of hard work,” he said. “It must be a year of full recovery, deepening economic diversification trends and new and creative steps taken in new realities.”

Putin Wants ‘Comfortable’ Conditions For Russian Firms In Armenia

December 23, 2010 Armenia No Comments

Russian Prime Minister Vladimir Putin has called on the Armenian government to ensure that Russian companies operate in Armenia in no less “comfortable” conditions than other foreign investors.

Putin made the statement as he met with his visiting Armenian counterpart, Tigran Sarkisian, in Saint Petersburg late on Wednesday. Sarkisian’s office said the talks focused on “a wide range of issues” related to economic ties between the two countries.

“We expect that with your and the Armenian president’s help, our business will feel comfortable [in Armenia,] — at least no worse than your other partners,” Putin said in his opening remarks posted on his website. “We hope that with joint efforts, we will manage to reach new levels.”

Armenia Reports Further Drop In Foreign Investment

November 30, 2010 Armenia, Top News No Comments

Foreign investments in the Armenian economy have decreased further this year after a sharp drop registered during last year’s global recession, according to official statistics.

The latest data from the National Statistical Service (NSS) shows that Armenia attracted almost $349 million in foreign direct investments (FDI) in the first nine months of 2010, down by 9.5 percent year on year.

Full-year FDI inflows into the country tumbled by 33.5 percent to $732 million in 2009, reflecting adverse economic conditions around the world.

The Armenian telecommunications sector dominated by foreign investors accounted for most of the continued fall. Even so, it remained the single largest beneficiary of foreign investment, generating 42 percent of the FDI total in January-September 2010.

Armenia Offers Iranian Tourists Breath Of Fresh Air

November 11, 2010 Armenia No Comments

As the economic and diplomatic relationships between Armenia and Iran blossom, Iranian tourists to Armenia have more than doubled over the last year, reports Hurriyet daily.

Mahmoud Ali Reza has visited Armenia three times already this year and says it compares favorably with his home country Iran as a tourist destination.

“We have resort areas in Iran like the Caspian Sea and the Persian Gulf, but first of all, it’s expensive to go there, and secondly, you can’t relax with your whole family. My wife can’t swim in the sea there – she can only go in covered from head to foot in the hijab,” he said, according to the Institute for War and Peace Reporting, IWPR.

Downturn In Agriculture Production Slows Armenian Economic Growth

July 20, 2010 Armenia No Comments

A slump in agricultural production slowed Armenia’s economic growth last month, but it still came in at a solid 6.7 percent in the first half of this year, according to government statistics released on Tuesday.

The reported growth rate was down from 8.8 percent registered by the National Statistical Service (NSS) in the first five months of the year. The country’s economic recovery had progressively accelerated since January when its Gross Domestic Product was rose by 2.2 percent year on year.

The NSS data show that the first-half growth was dragged down by a 13 percent drop in agricultural output, which generated almost 10 percent of GDP during the six-month period. Much of the loss was recorded in June as a result of an early March cold snap and an unusually rainy spring that followed it.

Former Armenia’s Central Bank Governor Predicts Further Dram Appreciation, Says Current Growth ‘Unreliable’

June 4, 2010 Armenia No Comments

The appreciation of Armenia’s national currency, the dram, observed in the past two weeks (seeing the dollar exchange rate dropping from 400 per dram down to 375-378) is likely to continue as the economy has seen a 64 percent rise in exports in January-April this year and tendencies for a growing amount of remittances from abroad. But the former Central Bank chairman Bagrat Asatryan still thinks the biggest factor of this continued appreciation is “the desire of some persons.”

“The changes of currency exchange rates or prices in our country are unpredictable, since economic rules or factors do not work here,” says Asatryan, who headed Armenia’s financial market regulator from 1994 to 1998.

Improved Tax Collection Eases Armenian Budget Deficit

April 29, 2010 Armenia No Comments

The Armenian government’s tax revenues jumped by nearly 20 percent in the first quarter of this year, slashing the state budget deficit to a level equivalent to just over 1 percent of GDP, the Ministry of Finance said on Thursday.

The latest fiscal data is a further sign that the Armenia is emerging from its first major economic downturn since the early 1990s. Renewed economic growth in the country accelerated from January through March, resulting in a first-quarter GDP increase of 5.5 percent.

A budget deficit of 6 billion drams ($15.6 million) recorded during this period was well below almost 35 billion drams projected by the government late last year. The figure puts the government on trackto meet a full-year deficit target of 193.5 billion drams set in the 2010 state budget.

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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.

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Commentary

Azerbaijan wins Security Council Seat, while Armenians remain idle

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By Harut Sassounian
Publisher, The California Courier

Pres Aliyev was celebrating last week his country’s historic victory at the United Nations. With an overwhelming number of votes, Azerbaijan was elected for the first time to the prestigious UN Security Council for a two-year term.

This column shall address three questions: 1) how did Azerbaijan manage to get elected to such an elite body? 2) what will Azerbaijan accomplish with its newly-acquired seat? 3) what actions did Armenians take to counter Azerbaijan’s candidacy?

New Online Cultural Platform Launched in Armenia

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A new Armenian website for culture — arteria.am — was launched at the Khnko Apor Children’s Library in Yerevan today. Armenian Book Center NGO is the organization responsible for the site, which was developed with the assistance of the Swedish International Development Cooperation Agency (SIDA) and the Eurasia Partnership Foundation.

The website is the response to “the published book and organized exhibit, the cinema poster and the music that pours from the stage or the signs in procession down the street, the writing on the walls of establishments, the conversations given wings in city transport, which wants take form and resound as commentary or criticism,” reads the section on concept on the site, which is currently only available in Armenian.

Pres Sarkozy Says ‘Tseghasbanoutyoun’, a word Obama has yet to utter

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By Harut Sassounian
Publisher, The California Courier

Flying to Armenia, French President Nicolas Sarkozy confided to his top aides last week: “I am going to toss a live grenade!” He was revealing his readiness to act firmly if Turkey continued to deny the Armenian Genocide.

Shortly after arriving in Yerevan, Pres Sarkozy courageously declared before journalists assembled at the Armenian Genocide Monument: “The Armenian Genocide is a historic reality that was recognized by France. Collective denial is even worse than individual denial.” When asked if France would adopt a law to prosecute those who deny the Genocide, the French President stated: “If Turkey revisited its history, faced its bright and dark sides, this recognition of the Genocide would be sufficient. But if Turkey will not do that, then without a doubt it would be necessary to go further.”

Visit to Nakhichevan Shows Why Armenians Can Never Again Live Under Azeri Rule

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By Harut Sassounian

Publisher, The California Courier

Scottish researcher Steven Sim reported about his troubling experiences in Nakhichevan, a historic Armenian territory now occupied by Azerbaijan. Since Sim’s 2006 revealing report has not been adequately publicized in the international media, I would like to present here some of its highlights.

Sim stated that he entered Nakhichevan by land from Turkey and traveled to the village of Abrakunis at Yernjak valley. When he asked a 12-year-old about an ancient church there, the boy pointed to an empty piece of land.

Kocharian Criticized Sargsyan’s Handling of Armenia-Turkey Protocols, But Said He Won’t Interfere

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In a Sept. 25, 2009 meeting with former President of Armenia Robert Kocharian initiated by then US Ambassador to Armenia Marie L. Yovanovitch, Armenia’s second president criticized current President Serzh Sargsyan for his handling of the rapprochement with neighboring Turkey.

 

According to a diplomatic cable sent by then US Deputy Chief of Mission Joseph Pennington to the US State Department soon after the meeting and recently published by WikiLeaks, Kocharian asked, “why should Turkey’s parliament have to ratify” a set of protocols when “the Turks did no such thing in closing the border” in 1993? In the ex-president’s view, the Turks were exploiting the protocols and Sargsyan “in an effort to embark upon a negotiating process that they had every intention of dragging out, to the detriment of Armenia’s interests… He said he would have imposed a deadline on the Turks to do both things, and criticized Sargsyan for not doing so. ‘Now Turkey is dictating the process, and we have no room for maneuver’.”