Tag Archives: Armenia

IMF approves loans for Kyrgyzstan and Armenia

JUNE 16/17 2016 (The Conway Bulletin) – The IMF approved two loans to Armenia and Kyrgyzstan, part of a three-year plan to support macroeconomic reforms. It loaned $22m to Armenia, where it supported a controversial tax reform that received a first parliamentary approval on June 15. The IMF also gave a $13m loan to Kyrgyzstan and lauded the government’s measures to boost tax revenues and cut spending.

ENDS

(News report from Issue No. 286, published on June 24 2016)

Armenians criticise tax revamp

JUNE 22 2016 (The Conway Bulletin) – Political and institutional figures have harshly criticised a new tax code that parliament approved last week during the first reading of the bill. Mans Tandilyan, a high-ranking member of the Lusavor Hayastan party, said the new code will negatively affect small and medium businesses. Tigran Jrbashyan, president of the American Chamber of Commerce in Armenia, warned that, if passed, the law would send Armenia into a recession. The new tax law, approved on June 15, will increase excise taxes on fuel, tobacco and alcohol and increase income tax.

ENDS

(News report from Issue No. 286, published on June 24 2016)

EEU plans single electricity market, say energy ministers after meeting in Tajikistan

JUNE 14 2016 (The Conway Bulletin) – The Eurasian Economic Union, a trade bloc led by Russia but also involving Belarus, Kazakhstan, Kyrgyzstan and Armenia plans to set up a unified electricity market by 2019, EEU members’ energy ministers said after a meeting in Dushanbe. Tajikistan aspires to be part of the EEU, which critics have said is a Kremlin project to extend its control.

ENDS

(News report from Issue No. 285, published on June 17 2016)

Turkmenistan becomes deputy chairman of UN General Assembly

JUNE 15 2016 (The Conway Bulletin) – The UN General Assembly unanimously voted to give Turkmenistan one of the 19 vice-chairs for its 71st session, due to start next September, a PR coup for Turkmenistan’s neutrality policy.

Turkmenistan had already served as vice-chair of the General Assembly in 2007, 2009, and 2013 and it was quick to laud the move as an accolade.

“This is a testament to the international prestige of the Turkmen state, the effectiveness of its foreign policy based on the principles of positive neutrality,” it said on one of its official news websites.

The country’s official neutral policy, though, may be weakening. Security worries in Afghanistan have pushed Turkmenistan. Its army organised a massive military exercise in March, the largest in Turkmenistan’s history.

A representative of Armenia was also elected to serve a deputy chair of the General Assembly.

ENDS

(News report from Issue No. 285, published on June 17 2016)

Armenian and Azerbaijani leaders to talk N-K

JUNE 14 2016 (The Conway Bulletin) – Armenian president Serzh Sargsyan and Azerbaijani president Ilham Aliyev will meet for talks on the disputed region of Nagorno-Karabakh in St Petersburg on June 20, a Kremlin spokesman said. Russian president Vladimir Putin will also host the talks. His presence increases the chances that a meaningful deal may be drawn up.

ENDS

(News report from Issue No. 285, published on June 17 2016)

Petrol prices fall in Armenia

JUNE 3 2016 (The Conway Bulletin) — The Armenian Statistics Committee said that average petrol prices fell by 1.8% in April compared to the previous month and by 12% compared to the same period in 2015, a sign that deflation pressures have picked up pace. Prices fell marginally across sectors in Armenia in April.

ENDS

(News report from Issue No. 284, published on June 10 2016)

Armenian and Azerbaijani Presidents to meet again

JUNE 9 2016 (The Conway Bulletin) — The presidents of Armenia, Azerbaijan and Russia will meet in St. Petersburg later in June for a tripartite negotiation on the Nagorno-Karabakh conflict, a source in the Russian foreign ministry told local media. Azerbaijan’s Ilham Aliyev and Armenia’s Serzh Sargsyan met in Vienna in May and agreed to maintain the ceasefire over the disputed Nagorno-Karabakh region where clashes erupted at the beginning of April.

ENDS

(News report from Issue No. 284, published on June 10 2016)

Armenia launches smartphone

JUNE 6 2016 (The Conway Bulletin) — Under the slogan “It’s time for Armenian products”, a mobile phone designed and built in Armenia by a US-Armenian joint venture went on sale in Yerevan.

The ArmPhone smartphone retails at between $100 and $300. It also, importantly, goes some way to boosting Armenia’s ambitions of becoming a genuine tech hub in the South Caucasus.

This is the second device that the JV, Technology and Science Dynamics Inc, has unveiled. In February 2014, it launched the ArmTab tablet.

Vahan Shakaryan, chairman of Technology and Science Dynamics Inc, said the company would sell the ArmPhone across the FSU and establish a shop in Moscow.

“It is important to note that our product is high quality and we stand behind and take responsibility for the quality of our product,” media quoted him as saying. “We produce in Armenia, we are with our con- sumers and take full responsibility for every step, from production to customer service.”

ENDS

(News report from Issue No. 284, published on June 10 2016)

Czech rep. pledges support to Armenia

JUNE 7/9 2016 (The Conway Bulletin) — Czech president Milos Zeman made a state visit to Armenia during which he promised to bolster trade and diplomatic ties between the two countries and also push the Czech parliament to recognise the genocide of 1.5m Armenians by Ottoman Turks a century ago. Recognition of the Armenian Genocide is a cornerstone of Armenian foreign policy. Earlier this month, Germany’s parliament recognised the genocide, angering Turkey which rejects the charge.

ENDS

(News report from Issue No. 284, published on June 10 2016)

Germany MPs recognise Armenian genocide

JUNE 2 2016 (The Conway Bulletin) — Germany’s parliament voted to recognise the 1915 killings of up to 1.5m Armenians by Ottoman Turks as genocide, immediately angering Turkey which recalled its ambassador from Berlin.

The vote comes at a sensitive time for German Chancellor Angela Merkel who is under pressure over her deals with Turkey to try to reduce the number of migrants heading to Europe from Syria, the Middle East and Afghanistan.

It’s also a reminder of just how contentious the Armenia genocide issue is. Gaining recognition for the deaths as a genocide is central to Armenia’s foreign policy. Turkey denies the charges and has said the deaths were part of the chaos of World War I. Only around 20 states have so far recognised the genocide, including France and Russia.

ENDS

(News report from Issue No. 283, published on June 3 2016)