SEPT. 18 2015 (The Conway Bulletin) — Armenian private company ADA Tech and the Chinese lift manufacturing factory Koyo signed an agreement to jointly build a lift factory in Armenia by 2018.
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(News report from Issue No. 249, published on Sept. 25 2015)
SEPT. 24 2015 (The Conway Bulletin) – Armenia-backed authorities in Nagorno-Karabakh accused Azerbaijan of shelling a civilian area and killing three women. The accusation marks a heightening of tension around the disputed region. Violence is a feature of the region but civilian deaths are not common.
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(News report from Issue No. 249, published on Sept. 25 2015)
SEPT. 14 2015 (The Conway Bulletin) – Russia has doubled cheese imports from Armenia this year, media quoted the head of Russia’s statistics agency, Konstantin Laikam, as saying. Shops in Moscow and elsewhere in Russia have had to diversify their supplier base for cheese and other products to beat EU sanctions.
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(News report from Issue No. 248, published on Sept. 18 2015)
SEPT. 17 2015 (The Conway Bulletin) – In an interview with Radio Free Europe/Radio Liberty, the US Ambassador to Armenia, Richard Mills, said that corruption was still a major problem in the country. Mr Mills said that some progress had been made but that it was holding back the Armenian economy.
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(News report from Issue No. 248, published on Sept. 18 2015)
SEPT. 12 2015 (The Conway Bulletin) – Police in Armenia detained 50 people during a protest against electricity price rises for businesses. The government backed down after a series of protests in July and said it would subsidise a 17% price rise for residential property but that businesses would have to pay it.
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(News report from Issue No. 248, published on Sept. 18 2015)
SEPT. 17 2015, YEREVAN (The Conway Bulletin) — The owner of the Armenian Electric networks company, Russia’s Inter RAO Holding, said it wanted to sell the company to Cyprus-registered Liormand Holdings Limited, triggering more bad feeling towards the company which many people already blame for trying to raise electricity prices.
It’s unclear why RAO would want to sell the Armenian electricity provider to a Cyprus shell company, but Russia does have a background in using this type of scheme to muddy companies’ ownership structures.
Whatever the reasons, the depth of bad feeling towards RAO and confusion about what the deal means for ordinary people was clear on the streets of Yerevan after the announcement.
Anna Khachatryan, a student, said: “We don’t know anything about Liormand Holdings Limited. Is it a good manager?”
Earlier this year thousands of people protested in Yerevan against a proposed 17% price rise, eventually forcing the government to back down and drop most of the plans.
The 1in.am news website wrote in a commentary, that the deal to sell the company was problematic.
‘The sale of the electricity networks does not give the answers of existing important economic and political questions, but, in fact, raises many new questions,” it wrote.
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Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 248, published on Sept. 18 2015)
SEPT. 18 2015 (The Conway Bulletin) — On inflation, the data looks worse in Armenia, Azerbaijan and Tajikistan, compared to other economies which have managed to keep prices flat. In the period between Jan.-Aug. 2015, prices in Armenia grew by 4.8%, in Tajikistan by 3.2%, in Azerbaijan by 3.8%, according to their statistics committees.
Despite the steady growth in consumer prices, the region’s economies are containing inflation. For a comparison, inflation in Russia reached 15% in August.
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(News report from Issue No. 248, published on Sept. 18 2015)
SEPT. 15 2015 (The Conway Bulletin) — Czech Airlines said it will fly between Prague and Yerevan from Dec. 13 to Jan. 16. Jan Toth, the company’s director of marketing said the airline wanted to cover the busy Christmas and New Year period.
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(News report from Issue No. 248, published on Sept. 18 2015)
SEPT. 15 2015 (The Conway Bulletin) – The foreign ministers of Azerbaijan and Armenia will meet in New York on the fringes of the UN General Assembly on Sept. 24/25, media quoted Azerbaijani foreign minister Elmar Mammadyarov as saying. Azerbaijan and Armenia are still officially at war over the disputed region of Nagorno-Karabakh.
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(News report from Issue No. 248, published on Sept. 18 2015)
SEPT. 7 2015 (The Conway Bulletin) – After meeting Russian President Vladimir Putin at his villa outside Moscow, Armenian president Serzh Sargsyan said that Russia had agreed to give Armenia a loan of $200m to modernise its military. Russia is one of Armenia’s most important allies and keeps a large military base in the country.
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(News report from Issue No. 247, published on Sept. 11 2015)
