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  • Moscow's Plan B in Armenia - Lragir.am - Armenia Online
    after Russia has announced a sudden drill in the southern military district including its military base in Armenia and the communist members of parliament of the State Duma have proposed repealing the Russian Turkish agreements of 1921 announcing that Armenia will support them Earlier the internet was flooded with articles with propagandist titles such as Putin Will Return Ararat to Armenia All this is very similar to the Russian government s Plan B which it intends to implement with the Armenian government in case Plan A fails The Armenian political leadership has not explained the initiative of the Russian members of parliament At first sight it may seem that Armenia is pessimistic about this initiative but it may become known that the Armenian government has approved Moscow s plan Moscow s plan A is the reconciliation with the Turks in prejudice of Armenian interests and by way of retaining its presence in Armenia What is Plan B in case reconciliation fails A process of revision of borders in the Near East and adoption of a new international pact is underway It may question the treaties of Moscow and Kars which divided the Armenian lands between Turkey and Russia If the

    Original URL path: http://m.lragir.am/index/eng/1/comments/view/35252 (2016-02-14)
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  • Russian Military Base Brought to Highest Military Readiness - Lragir.am - Armenia Online
    the framework of the sudden check of military preparedness of the military forces of the Russian southern military district The press office of the district informed Armenpress that the motor mounted artillery tank artillery zenith and special units are tested for tactical special tactical and fire readiness The main purpose of drills is to assess the ability of the military units at Erebunee military airport guard posts and mountains The

    Original URL path: http://m.lragir.am/index/eng/1/politics/view/35251 (2016-02-14)
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  • How To Best Attract Investors - Lragir.am - Armenia Online
    sovereign Eurobonds of Armenia refuse to meet major foreign institutional investors something unheard of who have invested into our Eurobonds and who once a year visit our country to assess the investment climate fiscal policy and macroeconomic situation in order to decide whether or not to continue to hold the bonds or throw them back on the market From the viewpoint of raising attractiveness and interest this is a step in quite the opposite direction Note that this October the government of Armenia and the Armenia Development Fund funded by the Asian Development Bank are holding an investment forum in New York Among the many guests and attendees are investors from various countries including the Armenian Diaspora The forum will be held with the support of an international consortium headed by Ameria Advisory and the other participant of the consortium is US based Pragma consulting firm The aim of the forum is to present to the investors the potentially promising economic sectors of Armenia with a detailed analysis of investment opportunities The matter is interesting enough and can be discussed over and over again but I think we can draw a line under your question with the following conclusion there are definitely ways to make the country more appealing for investors In this regard you need to assess qualitatively all changes in the region be ready to get involved in all processes and not lose the right moment Whether Armenia can become a funnel for Western portfolio investments in Iran which let us hope will open in the nearest future or from de offshorization processes in Russia and come to substitute the jurisdiction of Cyprus for Russian private financial and investment capital whether Armenia s agricultural and manufacturing industry can gain a substantial share in certain market niches in Russia and elsewhere due to implementation of cutting edge technologies These are questions which still await their heroes both on the state and private levels Armenian companies not having international credit history cannot raise funds from IFIs Ameriabank already has some IFI fundraising experience for local companies Will this process become simpler after EBRD s and IFC s acquisition of equity stake in Ameriabank This is not entirely true Certainly clean credit history and high credit rating help attract funds more quickly and on more favorable terms but absence of credit rating or history does not necessarily mean that non public debt markets on an international level are closed to Armenian companies In 2008 when we were starting as a commercial bank practically from scratch Ameriabank was in a similar situation Yes we had to make many efforts to establish our cooperation with IFIs but the result is that so far we have brought about 500 million US dollars in long term resources into the economy of Armenia Fitch has confirmed our credit rating equal to that of the Sovereign the Netherlands Development Finance Company FMO signed an unprecedented deal with a 20 million USD convertible subordinated loan facility agreement the

    Original URL path: http://m.lragir.am/index/eng/1/interview/view/35250 (2016-02-14)
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  • USAID Launches New Project To Address Groundwater Resource Challenge In Ararat Valley - Lragir.am - Armenia Online
    of Armavir and Ararat provinces and local and international organizations attended the event USAID s recent assessment of the status of groundwater resources in the Ararat Valley the country s key agricultural hub has indicated an alarming situation The decreasing level of the groundwater supply and the uncontrolled use of artesian water by fish farms has left some 30 communities in the Ararat and Armavir marzes without reliable access to drinking or irrigation water In addition these water shortages pose a real threat to the country s agricultural sector the socio economic and environmental well being of these regions as well as the safety and security of Armenia s sole nuclear power plant Metsamor which relies on these water resources for its cooling system Despite recent measures by the Armenian government to regulate the use of artesian water in the valley the situation remains serious and is among the Armenian Government s top priorities USAID s new ASPIRED project will assist the Government of Armenia in developing consistent policy and technical solutions for a more regulated use of these vital groundwater resources The project will focus on closing data gaps improving technical capacities and tools for informed decision making increasing

    Original URL path: http://m.lragir.am/index/eng/1/country/view/35249 (2016-02-14)
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  • Talaat’s Personal Account of The Armenian Massacres - Lragir.am - Armenia Online
    sentence of which I do not tell all the truth but all I tell is truth aroused a great sensation in Turkey In his memoirs as in his interview with Aubrey Herbert Talaat tries to exonerate himself by blaming everyone else Armenians Russians even Turks for the Armenian massacres He does not deny the deportations of the Armenians in some localities of the Greeks and in Syria of some of the Arabs but claims that such reports were exceedingly exaggerated Talaat then adds in saying this I do not mean to deny the facts I desire only to eliminate the exaggerations and to relate the facts as they occurred The former Grand Vizier confesses I admit that we deported many Armenians from our eastern provinces but we never acted in this matter upon a previously prepared scheme The responsibility for these acts falls first of all upon the deported people themselves Russia in order to lay hand on our eastern provinces had armed and equipped the Armenian inhabitants of this district and had organized strong Armenian bandit forces in the said area Attempting to repair his tarnished image Talaat acknowledges the Turkish brutalities against Armenians I admit also that the deportation was not carried out lawfully everywhere In some places unlawful acts were committed Some of the officials abused their authority and in many places people took preventive measures into their own hands and innocent people were molested I confess it Continuing his face saving rhetoric Talaat concedes I confess also that the duty of the Government was to prevent these abuses and atrocities or at least to hunt down and punish their perpetrators severely In many places where the property and goods of the deported people were looted and the Armenians molested we did arrest those who were responsible

    Original URL path: http://m.lragir.am/index/eng/1/politics/view/35248 (2016-02-14)
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  • What About Reconciliation with Turks? - Lragir.am - Armenia Online
    States and the Western countries Apparently the issue of establishment of a Kurdish state will become a convenient and effective leverage in regional and global politics and all the countries pretending to a role in the Near East will be tied to it Over time the countries which have not been marked sufficiently in the region primarily China will enter into this game In a recent conference in the European

    Original URL path: http://m.lragir.am/index/eng/1/politics/view/35247 (2016-02-14)
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  • News on Armenian NPP - Lragir.am - Armenia Online
    capacity of the nuclear reactor as well as the specifics of investment contracts the project states Earlier the government had stated that the construction of the reactor would cost 5 billion dollars and Armenia cannot afford and needs loans and investors This program however stresses that borrowing money with state guarantee is not realistic so direct foreign investments without state guarantee will be involved and their repayment will be guaranteed by a contract signed with investors The program states that the Armenian and Russian governments signed the agreement on cooperation over extending the period of use of the second reactor of the Armenian Nuclear Power Plant on 20 December 2014 On 5 February 2015 the Armenian and Russian governments signed an agreement on an export loan provision to the Armenian government to extend the period of use of the second reactor of the Armenian Nuclear Power Plant Under these agreements the Armenian government will receive a 270 million dollar loan and a 30 million dollar grant to extend the period of use of the second generating unit It has become known that the government intends to build a 600 megawatt generating unit instead of a 1000 megawatt generating unit The

    Original URL path: http://m.lragir.am/index/eng/1/politics/view/35246 (2016-02-14)
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  • Cheese Producers Call for Help - Lragir.am - Armenia Online
    for say 3 dollars transportation included he said According to Baghdasaryan local sales are also low and now cheese producers produce more than they can sell Though the Armenian government vowed to Armenian entrepreneurs a market of 170 million people cheese sales were down in 2015 against 2014 The decrease of income led to dropping sales The head of the Association of Cheese Makers Armen Grigoryan told Lragir am that the cheese business could not be isolated from other spheres and grow in 2015 Like everyone we are also having losses It is another issue how we became dependent on the Russian market put all our eggs in one basket i e the Russian market If the Russian ruble had not devaluated the sanctions imposed on Russia would have favored us but the ruble dropped so much that export is not lucrative he said According to Gigoyan the pace of devaluation of the ruble is so fast that Russia is not doing price adaptation According to the chair of the association 2016 is a waiting year for the companies of the industry As to new markets according to Gigoyan it is difficult today The problem is that the food prices are seriously down and the cost of products produced in Armenia is high Armenian producers need long term and cheap money And our leadership is not doing anything and the policy of the former ones was that Armenia needed a safer banking mechanism to manage risks In other words they turned banks to semi pawnshops he says The heads of other companies also repeat that they need cheap and long term loans Hamlet Matevosyan told Lragir am they have financial issues that last year they produced very little We need refinancing to be able to breathe but they are one

    Original URL path: http://m.lragir.am/index/eng/1/economy/view/35245 (2016-02-14)
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