Tuesday 1 December 2015

Armenian News... A Topalian... More than $10.3 million was raised during the annual Thanksgiving Day Theleton of Hayastan All-Armenian Fund.


armradio.am
OVER $10.3 MILLION RAISED AT THELETON 2015
27 Nov 2015
Siranush Ghazanchyan




This year's flagship ground-breaking project is the construction
of single family homes for families in Artsakh who have 5 children
or more and lack adequate housing. There are already 466 families
identified in Artsakh who fit the criteria and 211 are known to live
in unacceptable housing conditions.

The homes that Armenia Fund constructs will have land plots of 10,000
sq. ft. each, where the families can grow fruits and vegetables.

Armenia Fund will provide furniture for every room in the house
as well as provide household appliances, including water heaters,
refrigerators, washers, stoves and vacuum cleaners.

According to the program, priority will be given to low income
families, as well as the families of active duty officers of the
armed forces, families of veterans of the Artsakh Liberation War and
to the survivors of soldiers who lost their lives defending Artsakh. 


lragir.am
THE MATURE RESPONSE OF ARMENIAN INTERNET TO 

RUSSIAN-TURKISH ESCALATION
27 November 2015


The Russian press and blogs are starting to ask questions about why
the allies of Russia do not respond to the incident of the Russian
SU 24 warplane above Syria. A few days ago the Turkish plane hit the
Russian warplane, explaining that it had trespassed its air border.

After that incident the issue of the Armenian genocide and the
Kurdish issue started being used in Russia. A bill on criminalizing
the denial of the Armenian genocide was introduced to the Russian
Duma. The famous Russian politician Vladimir Zhironovsky suggested
using Armenia as a tool in the fight on Turkey.


Lenta.ru has published an article entitled "Friendly Silence" accusing
the allies of Russia in CSTO for not expressing a stance.

"The minister of defense of Armenia Seyran Ohanyan is also cautious.

In answer to the question of the reporters what Armenia should
undertake in case of tension between Russia and Turkey, he suggested
waiting to understand what course the developments will take," the
author of the article writes.

The majority of the Armenian part of the social network sympathizes
with Russia regarding this Russian-Turkish escalation. Many people
believe that the Turkish president Recep Tayip Erdogan will not get
away with this, and Vladimir Putin will punish Turkey.

As to the role of the Armenians in the Russian-Turkish conflict, people
are recalling the Russian-Turkish wars and the achievement of goals in
detriment to the Armenians. The majority thinks that there is no need
to cheer the Russian-Turkish tension and we should keep a low profile.

In answer to the accusations coming from the Russian side why Armenia
and the Armenians are not reacting to the incident, the Armenian
Facebook users recall the downing of the Armenian helicopters by the
Azerbaijani forces in Artsakh a year ago and the lack of a reaction
from Russia's side.

On the whole, these responses of the Armenian users of social networks
are a new level of quality, extending hope that a lot of stereotyped
outlooks will be revised.

arka.am
ISKANDARYAN: TURKISH PRIME MINISTER'S ANTI-ARMENIAN 
STATEMENT NOTHING MORE THAN PR MOVE
YEREVAN, November 27. /ARKA/. Turkish Prime Minister Ahmet Davutoglu's
statement is nothing more than a PR move, and Armenia shouldn't worry,
Alexander Iskandaryan, the director of the South Caucasus Institute,
is quoted by Novosti-Armenia as saying.

According to Kommersant, a Russian newspaper, Davutoglu, in fact, has
opened a new front of fighting against Russia and its ally Armenia and
has vowed to do whatever is possible to liberate occupied Azerbaijani
territories.


Turkish Foreign Minister Mevlut Cavusoglu is now in Baku for
negotiations with the Azerbaijani authorities.

Â"A multidirectional PR campaign is being run in Turkey,Â" Iskandaryan
said. Â"As for Davutoglu, his statements contradict each other. They
are intended for domestic consumption.Â"

Speaking about fears that Turkey may increase its military assistance
for Azerbaijan or induce it to stronger actions in the Karabakh
conflict zone, the political analyst voiced doubt that Turkey has
instruments for doing this.


"It is impossible to worsen Armenian-Turkish relations, since they
are missing, and relations between Armenia and Azerbaijan follow
other logic," he said.

The conflict that sparked between Russia and Turkey after the latter
downed a Russian fighter jet continued escalating on Thursday. The
two countries' leaders exchanged claims.

Turkish President Recep Erdogan said Ankara has no intention to
apologize for the downing the warplane.

Karabakh conflict broke out in 1988 when Karabakh, mainly populated
by Armenians, declared its independence from Azerbaijan.

On December 10, 1991, a few days after the collapse of the Soviet
Union, a referendum took place in Nagorno-Karabakh, and the majority
of the population (99.89%) voted for secession from Azerbaijan.

Afterwards, large-scale military operations began. As a result,
Azerbaijan lost control over Nagorno-Karabakh and the seven regions
adjacent to it.

Some 30,000 people were killed in this war and about one million
people fled their homes.

On May 12, 1994, the Bishkek cease-fire agreement put an end to the
military operations.

Тalks brokered by OSCE Minsk Group are being held over peaceful
settlement of the conflict. The group is co-chaired by USA, Russia
and France.


armradio.am 
ARMENIA SAYS AZERBAIJAN'S SELECTIVE APPROACH TO 
PRINCIPLES HAMPERS KARABAKH CONFLICT SETTLEMENT
27 Nov 2015
Siranush Ghazanchyan


The Minister of Foreign Affairs of Azerbaijan, Elmar Mammadyarov made
has said in Tbilisi that Sergey Lavrov presented a proposal on the
Nagorno-Karabakh settlement during his recent visit to Armenia.

According to Mammadyarov, this implies that "one should focus on
the withdrawal of the Armenian military forces, return of internally
displaced persons and establishment of contacts between the Armenian
and Azerbaijani communities of Nagorno Karabakh."

Armenian Foreign Minister Edward Nalbandian responded to the claims
at the Eastern Partnership Informal Ministerial Dialogue in Tbilisi,
Spokesman for Armenian Ministry of Foreign Affairs Tigran Balayan
said in comments to Radio Liberty. Minister Nalbandian said, in part:

"All of us, gathered here, can only express bewilderment, as we did
at the Riga Summit, when Azerbaijan rejected the wording proposed
by everyone, including the EU member-states and EaP states in the
Summit's Final Declaration on the Nagorno-Karabakh settlement, which
was based on the well-known statements by the Heads of Co-Chair
states. It is known that they reflect the principles and elements
of the settlement as an integrated whole. The joint approach of the
Co-Chair states - Russia, United States and France, is well-known,
that selective approach to those principles and elements will make
the settlement of the conflict impossible.

Azerbaijan's approaches should not be presented as a position of
the Co-Chairs, especially given the fact that those principles and
elements are published in the five well-known statements.

Regarding to what Azerbaijan's Foreign Minister presents and how he
attempts to ascribe it to Sergey Lavrov, such an approach has not
been proposed by the Minister of Foreign Affairs of Russia to the
Armenian side, and I do not think that he would have proposed such
an approach to the Azerbaijani side.

One should not turn the reality upside-down."

Armenia says Azerbaijan's selective approach to principles hampers
Karabakh conflict settlement 


arka.am
MOODY'S: ARMENIA'S WEAK DOMESTIC DEMAND AND
EXTERNAL VULNERABILITIES TO WEIGH ON 2016 GROWTH

YEREVAN, November 27. Armenia's (Ba3, negative) low economic
diversification, weakened domestic demand, and trade and financial
exposures to Russia will lead to lower growth in 2016, Moody's
Investors Service has said in a report published earlier this week.

"Armenia's weak domestic demand holds back consumption and investment,
while Russia's worsening economic climate has led to sharp declines
in remittances. Given that remittances account for around 15% of GDP,
Armenia is significantly exposed to the Russian growth cycle," says
Evan Wohlmann, Assistant Vice President -- Analyst at Moody's.

However, the rating agency also notes Armenia's credit strengths,
which relate to the government's commitment to fiscal prudence,
high debt affordability and macroeconomic stability, together with
a supportive business environment.

Nevertheless, the rating agency forecasts Armenia's GDP growth to slow
to 2.5% in 2015 and 2.2% in 2016. Overall, the country's weak economic
performance reflects the slow emergence of new growth drivers in the
economy, says Moody's. Business sentiment remains weak, while private
sector investment still drags on Armenia's economic performance.

However, the rating agency notes that the economy has performed
better than it had expected in 2015, given robust performances from
the agriculture and mining sectors.

Meanwhile, the agency projects that Armenia's fiscal deficit will
increase markedly to 4.2% of GDP in 2015, as a result of expansionary
fiscal measures and low revenue growth owing to weak domestic demand.

As such, the agency forecasts the general government debt ratio to
rise to around 48% of GDP in 2015.

But Moody's expects the fiscal position to improve slightly in 2016,
with the deficit decreasing to 3.6%, as the efforts to improve revenue
administration are complemented by tax policy measures in 2016.

However, Moody's notes those economic headwinds owing to external
vulnerabilities could continue, which would negatively affect the
government's plans to increase tax revenues over the next two years.

In addition, Armenia's debt profile remains particularly susceptible
to negative growth shocks, and if spill over risks from Russia were
to worsen, further debt could accumulate, says Moody's.

The Armenian government's projection of 2015 GDP growth is 4.1%.

Inflation is forecast to be 4% (±1.5%). The GDP projection for 2016
is 2.2%. -0-

 
armenianow.am
DEBT BURDEN: ECONOMISTS CONCERNED ABOUT "DANGEROUS" 
LEVEL OF ARMENIA BORROWINGS
27.11.15 | 14:34
By Sara Khojoyan


The government has decided to borrow a loan of 75 million Euros from
the French Development Agency to construct a reservoir in Vedi. It
is another step to get closer to the dangerous level of Armenia's
foreign debt.

The Vedi reservoir, the construction of which is very important for
providing the Ararat Plain with irrigation water for agricultural
purposes, will have a capacity of 29 billion cubic meters. Documents
related to design and estimates, feasibility reports are in the final
phase. Construction is expected to last five years.

Although the loan will be granted on preferential terms (for 20 years,
with a variable interest rate of 0.25 to 6.25 per cent, 0.5 per cent
annual payment obligation), it will also increase Armenia's foreign
debt, which has significantly gone up since 2009.

According to economist Vilen Khachatryan's definition, the Armenian
government is like a family, which lives very inefficiently doing
all its purchases on credit. Its revenues are not increasing, while
it is unclear how effectively those loans are used.

According to the economist, it is also disturbing that the executive
is deviating from its established figures and takes more loans than
it has planned. Earlier this year the government announced about
taking a $288-million loan. However, in the first nine months, it
has already taken more than $360 million worth of new loans. "Perhaps
now Armenia is able to repay these loans, but we are approaching the
threshold of becoming an unreliable credit partner," warns Khachatryan.

"It is an absurd situation: economic growth of 2.5 percent is equal
to $250-300 million. We have taken a lot more debt than our economic
growth figure. So it is the same like if you take a loan of $10,000
and boast that you have an income of $1,000," the economist told
media earlier this week.

Economist Artak Manukyan said that Khachatryan's concerns are
appropriate, because, according to Manukyan, the annual increase
of Armenia's foreign debt amounted to about 7 percent since 2011,
which, in case of the absence of the real growth of the country's GDP,
is dangerous. If the country's economic growth keeps at low rates,
it is likely that the government will have problems in terms of
external debt service, Manukyan told media.

And if, by October, the government added the state's financial
obligations by $360 million, then during the last three weeks,
it increased by $597.8 million. In November, the executive took
$128.5 million loan by two credit agreements. Before that it took $300
million from the Eurasian Development Bank, $153 million from the Asian
Development Bank, $16.3 million from the International Monetary Fund.

By the end of the year, according to the government's forecast,
the country's external debt will amount to 48.3 percent of GDP,
and the debt burden will increase to 49.4 percent next year. In
the executive, however, in contrast to economists, they do not see
danger. In particular, during the budget debate in the National
Assembly, Finance Minister Gagik Khachatryan said that according to
the analysis of the World Trade Organization, the country's external
debt will be very risky from the point of view of its management if
it exceeds 60 percent of GDP.


armradio.am
LIVERPOOL BOSS KLOPP: MKHITARYAN ONE OF THE MOST
TALENTED IN THE WORLD
27 Nov 2015
Siranush Ghazanchyan


Jurgen Klopp holds no doubts that Dortmund midfielder Henrikh
Mkhitaryan is one of the biggest talents in the world, the Daily
Mail reports.

The Liverpool manager, who arrived at Anfield early on Thursday with
his squad ahead of the Europa League clash with Bordeaux, plucked the
Armenian from Shakhtar Donetsk in 2013 and remains a confirmed admirer.

Liverpool have been linked with a move for the 26-year-old, given
his links with Klopp, and Juventus have monitored his situation.

Mkhitaryan came in for severe criticism last season - Dortmund
struggled for much of it and were in danger of suffering relegation -
but, talking in a new ebook Reading The Game centred on the 2014-15
campaign, Klopp leapt to his defence.

Mkhitaryan's agent claimed he wanted to leave the club in February
and - while new boss Thomas Tuchel wants to extend his contract beyond
2017 - there remains questions as to whether he will remain in Germany.

When it comes down to it, 99 per cent of people would be happy to
have Mkhitaryan's problems,' he said. 'There is no doubt in my mind
that he is one of the most talented players in the world.'

'He possesses an incredible combination of speed and technique.

There's very, very few you can say that about.'

'There's a reason why the world's best chess players come from Armenia
like Mkhitaryan. Yes, other countries product chess players, but
Armenia produces far more than could reasonably expect,' Klopp said.

Jurgen Klopp's new ebook 'Reading The Game: A Year in Black and Yellow'
is now on sale and can be bought from Amazon.

No comments: