Armenian News... A Topalian... Armenian economy growing by 5%
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Dec 24 2016
Bite into history with spicy Armenian Christmas cake
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Third generation Armenian Brunnel Arathoon has put her oven mitts on to churn out these tasty Christmas delights for her maiden, home-based, bake-to-order initiative, with the hope that people will get to know about the Armenians history and legacy in Kolkata.
"My motivation was to let everybody know that we as a community are still there and lot of people don't know about Armenians and our Christmas celebrations," Arathoon told IANS.
Proud to showcase her roots in the Eurasian nation through food, Arathoon said the uniqueness of the traditional Armenian Christmas cakes lies in the absence of candied fruits.
"They are fruitless. They are made with almonds, walnuts nutmeg and cinnamon. The cake comes out to be spicy and sweet and not extremely sweet that you normally get. So when you open the box you can smell it," she explained.
In a week since she began making them, Arathoon has sold 75 pieces and the demand is growing and along with the buzz comes a newfound recognition and respect for the community.
Kolkata has been home to the Armenian Christians since the 17th century and as many as 30 Armenian families continue to be an integral, yet quiet, part of the bustling metropolis. They celebrate Christmas on January 6.
"We are close to 5000 (that have Armenian bloodline) but not baptized in the Armenian Church. So a lot of us tend to go as Anglo-Indians," she said.
A pivotal aspect of their culture is the nearly-300-year-old Holy Church of Nazareth, located in Burrabazar in the central part of the city.
All in all, there are five magnificent churches across the state and several splendid edifices erected by them, including Stephen's Court in Park Street.
RFE/RL Report
Government Defends More Foreign Borrowing
December 22, 2016
Hovannes Movsisian
The government played down Armenia's rising sovereign debt on Thursday as it sought parliamentary approval of $180 million in fresh loans allocated to it by international lending institutions.
Deputy Finance Minister Armen Hayrapetian insisted that Armenia will not become a heavily indebted country even though its combined debt will soon be equivalent to about 55 percent of Gross DomesticProduct.
"At the end of the year, Armenia's entire debt will stand at
approximately $5.9 billion," Hayrapetian told the National
Assembly. He said $4.85 billion of the sum is owed to foreign
creditors by the government and the Central Bank of Armenia.
Hayrapetian argued that the government has to continue to resort
to foreign borrowing in order to finance its budget deficit and essential capital spending.
Opposition lawmakers rejected this explanation, saying that the
government is increasing the country's debt burden instead of
improving tax collection and pursuing more sustainable economic
policies.
"We just cannot repay this debt," claimed Aram Manukian of the
Armenian National Congress (HAK).
"Do we know where we are headed?" said Naira Zohrabian, the
chairperson of the Prosperous Armenia Party. "Does this government
know what it is going to do?"
"Believe me, each of us is concerned about the rising debt,”
insisted Hayrapetian. He dismissed opposition claims that the government could eventually default on its debt repayments.
The public debt stood at less than $2 billion before the 2008-2009
global financial crisis plunged Armenia into a severe recession.
The government has since borrowed heavily from the World Bank, the
International Monetary Fund and other external sources to prevent
massive spending cuts and finance infrastructure projects.
Economic growth in Armenia has been sluggish in the last few years, translating into shortfalls in tax revenue and bigger budget deficits.
Prime Minister Karen Karapetian's cabinet is due to cut its
expenditures next year in line with the state budget passed by the
parliament last month. Finance Minister Vartan Aramian said in
September that the spending cuts will not only reduce the budget
deficit but also help the government keep the debt under control.
"We should be [fiscally] more conservative in the coming years to
prevent further growth of the debt," said Aramian.
David Lipton, the IMF's first deputy managing director, said
earlier this month that the Armenian authorities intend to "ensure that debt remains below 60 percent of GDP over the medium term."
arka.am
Armenian economy in 2016 grows by 0.5 percent
YEREVAN, December 23. /ARKA/. Armenia’s economy has grown this year by 0.5%, down from the 2.2% growth projected by the government, finance minister Vardan Aramyan told the final news conference in the outgoing year.
According to him, the pricing environment throughout the year has been quite modest and therefore ‘ we will close this year with a lower price environment and almost zero deflator.’
"We expect the gross GDP growth to be about 2%, however, the real GDP is expected to be around 0.5%," - Aramyan said.
The minister blamed agriculture for the decline in the major economic indicators, as other sectors have seen growth. More precisely, the industrial output has grown by 6.2% year-on-year and services have grown by 4.4%.
"We projected a positive growth in the agriculture, however, given the recent developments we expect it to decline. However, we believe that the reason is not economic, but has to do with accounting. This is evidenced by the market prices, which have not changed. Actually, prices are the first to respond to the economic recession", - said Aramyan. --0--
According to him, the pricing environment throughout the year has been quite modest and therefore ‘ we will close this year with a lower price environment and almost zero deflator.’
"We expect the gross GDP growth to be about 2%, however, the real GDP is expected to be around 0.5%," - Aramyan said.
The minister blamed agriculture for the decline in the major economic indicators, as other sectors have seen growth. More precisely, the industrial output has grown by 6.2% year-on-year and services have grown by 4.4%.
"We projected a positive growth in the agriculture, however, given the recent developments we expect it to decline. However, we believe that the reason is not economic, but has to do with accounting. This is evidenced by the market prices, which have not changed. Actually, prices are the first to respond to the economic recession", - said Aramyan. --0--
RFE/RL Report
Four Men Sentenced Over Yerevan Unrest
December 22, 2016
Ruzanna Gishian
Two men were sentenced to three years in prison and two others
received suspended jail terms on Thursday for their alleged role
in this summer's clashes between riot police and supporters of
opposition gunmen occupying a police station in Yerevan.
Hundreds of radical opposition supporters fought pitched battles
with the police near the besieged police compound late on July 20. The angry crowd tried to break through a police cordon, hitting
security forces and throwing stones at them. The police officers
clad in riot gear pushed back and dispersed it, using shields, truncheons and stun grenades.
The police said that 46 officers were injured in the clashes that
broke out three days after armed members of the Founding
Parliament opposition movement seized the compound. The gunmen
demanded President Serzh Sarkisian's resignation and the release
of their jailed leader, Zhirayr Sefilian.
The police detained dozens of people in the following hours. Some of them were subsequently prosecuted on charges of participating
in “mass disturbances" and assaulting policemen.
The four young men convicted on Thursday denied the charges at the
start of their trial. But they later pleaded guilty. Only two of
them were set free as a result, with a Yerevan court giving them
three-year suspended prison sentences.
The father of Hayk Hovannisian, one of the defendants who will
remain behind bars, condemned the verdict, saying that it was
ordered by Armenia's political leadership. "The court only
executes orders,” he told RFE/RL's Armenian service (Azatutyun.am).
According to Ara Papikian, a defense lawyer, many of the other men
prosecuted in connection with the July 20 have also decided
to plead guilty to the accusations in court in hopes of getting
milder punishments. "We must understand the young men who have
been in jail for months and want to regain their freedom as soon
as possible, even through a suspended sentence or probation," said Papikian.
panorama.am
Matenadaran branch to be established at Gandzasar Monastery in Artsakh
22 Dec 2016 17:34:53 +0000
Society 20:09 22/12/2016 Armenia
Matenadaran branch to be established at Gandzasar Monastery in Artsakh
The Cabinet has adopted a decision on establishing a branch of Matenadaran Scientific Research Institute of Ancient Manuscript named after Mesrop Mashtots at Gandzasar Monastery in Artsakh. The justification for the decision reads that hundreds of unique manuscripts and archival documents are kept at Matenadaran that were created in Artsakh and spread light on the spiritual and cultural heritage of the historical Armenian land.
The decision is aimed at popularization of those values and encouraging research, considering also the fact that in 2015 an exhibition was opened in the monastery that presented over 100 Artsakhi manuscripts dating from early Middle Ages to modern times, unique originals and copies of the documents related to the history of Artsakh, as well as ancient books.
According to the decision, the branch will operate in the seminary of the monastery with its own charter and in line with the Nagorno Karabakh Republic legislation.
The decision is aimed at popularization of those values and encouraging research, considering also the fact that in 2015 an exhibition was opened in the monastery that presented over 100 Artsakhi manuscripts dating from early Middle Ages to modern times, unique originals and copies of the documents related to the history of Artsakh, as well as ancient books.
According to the decision, the branch will operate in the seminary of the monastery with its own charter and in line with the Nagorno Karabakh Republic legislation.
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