Warsaw Stock Exchange to acquire 65.03% shares of Armenian Stock Exchange

Public Radio of Armenia

The Board of the Central Bank of Armenia today gave its consent to the acquisition of the Armenian Stock Exchange by the Warsaw Stock Exchange.

According to the agreement, the Warsaw Stock Exchange (GPW) will acquire 65.03% of shares of the Armenian Stock Exchange (AMX) (967 shares in total). The Central Bank of Armenia will maintain 25.02% of shares, and the remaining 9.95% are the AMX’s own shares. The value of the transaction will be about AMD 873 million, a part of which (about AMD 499 million) will be paid after signing the Share Purchase Agreement, and the rest, after completion of processes established by the Share Purchase Agreement.

The GPW announced its plans to acquire the AMX in September 2020, after which necessary studies were carried out, a development plan for the next five years was developed, and necessary corporate approvals were obtained.

The Board of the Central Bank stresses the importance of the entry of the WFB as an institutional investor into the Armenian financial market, which will give an impetus to the development of Armenian capital market, and will foster integration of Armenian and Polish capital markets, opening new opportunities for both the Armenian companies and the investors.

The GPW is the largest and the developed market in Central and Eastern Europe. The GPW organizes trading in stocks, bonds, derivatives, fund shares and other instruments. The GPW is a public company, the shares of which have been listed since 2010 with a capitalization of about 320 million euros.

 Development program prepared by the GPW provides for a number of measures aimed at the improvement of capital market infrastructure, including development of the trading system, expansion of the stock exchange and the Central Depository services, as well as introduction of state-of-the-art technological solutions.

The AMX is the only operator in the regulated securities market in Armenia, which organizes trading of both securities and other financial instruments. The AMX is the 100% shareholder of the Central Depository of Armenia. 90.05% of the AMX shares belong to the Central Bank of Armenia, and the remaining 9.95% are the AMX’s own shares.

ANCA urges Biden administration to nominate new U.S. ambassador to Armenia

Panorama
Armenia – May 19 2022

After more than three years at her diplomatic post, U.S. Ambassador to Armenia, Lynne Tracy, has received a final grade of “F” from the Armenian National Committee of America (ANCA) for her consistently poor performance across a broad array of diplomatic metrics.

“As I have said previously, the ANCA wants every U.S. Ambassador to Armenia to be successful,” said ANCA Chairman Raffi Hamparian. “Sadly, Ambassador Tracy has compounded her silence during the 44-day war with reckless disregard for over 90,000 displaced Artsakh Armenians and Azerbaijan’s ongoing encroachment on sovereign Armenian territory. Three years into her tenure as Ambassador to Armenia, Ambassador Tracy has continued to fail on issue after issue – falling far short of the most basic professional expectations of a competent American Ambassador to Armenia.”

The ANCA first gave Ambassador Tracy an “F” rating in December 2020, based upon her poor performance in fifteen different issue areas. In the 18-months since this grade was given, Ambassador Tracy has continued to fail across multiple metrics, among them the lack of meaningful U.S. aid to Artsakh refugees, playing favorites among Armenian political forces, further complicating Armenia’s security and regional relationships, and failing to meaningfully address Azerbaijan’s illegal detention, abuse, and murder of Armenian prisoners of war.

Career U.S. foreign service officers, like Ambassador Tracy, usually serve tours of roughly three years before receiving a new diplomatic assignment. With her time in Armenia already past that mark, the ANCA urges the Biden Administration to reset the U.S.-Armenia relationship on solid footing by nominating a new Ambassador to Yerevan. The ANCA looks forward to working closely with the U.S. Senate Foreign Relations Committee to ensure a competent nominee reflecting U.S. values is confirmed without delay.

The ANCA Report Card on Ambassador Tracy is here.

At meeting with Borrell, Armenian FM highlights EU’s support to OSCE Minsk Group Co- Chairmanship

Save

Share

 14:57, 19 May, 2022

YEREVAN, MAY 19, ARMENPRESS. Minister of Foreign Affairs of Armenia Ararat Mirzoyan met with European Union’s High Representative for Foreign Affairs and Security Policy Josep Borrell in Brussels ahead of the 4th session of the Armenia-EU Partnership Council, the foreign ministry said.

During the meeting the sides touched upon the Armenia-EU relations, as well as regional and international issues of mutual interest.

Ararat Mirzoyan presented Armenia’s position on the establishment of regional peace and stability and the peaceful settlement of the Nagorno Karabakh conflict. The FM highlighted the international community’s support, particularly that of the EU to the OSCE Minsk Group Co-Chairmanship to contribute to the comprehensive and lasting settlement of the conflict.

CivilNet: A bird’s eye view of Azerbaijan’s continuous incursions into Armenia

CIVILNET.AM

19 May, 2022 09:05

On May 12, 2021, six months after the end of the Second Karabakh War, Azerbaijani forces crossed the border at several points into Armenia’s Syunik and Gegharkunik regions. Azerbaijan has denied entering Armenian territory, but satellite images clearly show Azerbaijani positions inside Armenia, with forwarded military posts, roads and vehicles. This is CivilNet’s short report explaining the chronology of events that led to Azerbaijan occupying over 5,000 hectares of Armenian sovereign territory to this day.

Humanitarian consequences of Azeri aggression against Artsakh discussed at meeting of Armenian, Irish FMs

Save

Share

 13:51,

YEREVAN, MAY 21, ARMENPRESS. On May 20, Foreign Minister Ararat Mirzoyan of Armenia, who is in Turin to participate in the 132nd session of CoE Committee of Foreign Ministers, met with Foreign Minister of Ireland Simon Coveney, the Armenian foreign ministry said in a press release.

The interlocutors referred to the issues on the cooperation agenda between Armenia and Ireland at bilateral and multilateral levels.

Minister Mirzoyan stressed that Armenia welcomes the priorities of the forthcoming Irish Presidency of the Committee of Ministers of the Council of Europe, aimed at protecting human rights, fundamental freedoms, and the rule of law, and emphasized their importance, especially in the context of conflicts.

Referring to humanitarian consequences resulting from the Azerbaijani aggression against Nagorno-Karabakh in 2020, Ararat Mirzoyan emphasized the need for the involvement of the Council of Europe.

Ukrainian crisis may affect Russia’s interest in South Caucasus [Turkish Opinion]

ARAB NEWS



The Ukrainian crisis has prompted many initiatives in the international arena and the situation in the South Caucasus is one of them.
One chapter of the South Caucasus file is Russia’s relations with Georgia or its fait accompli to declare Georgia’s two autonomous republics — Abkhazia and South Ossetia — independent. Russia is not likely to backpedal from these initiatives unless there is a tectonic change in the region. On the contrary, it may continue to press more countries to recognize the independence of the two autonomous republics. It may be aiming at a scenario in which these two republics will seek to join the Russian Federation as it now is planning to do for Donetsk and Luhansk. Georgia is reluctant to become part of cooperation among three South Caucasus countries — Azerbaijan, Armenia and Georgia, because of Russia’s involvement in the initiative.
The second chapter is Georgia’s interest in becoming a member of the EU and, if possible, of NATO. Russia acquiesced without much resistance to Ukraine’s EU membership, so we may conclude that it may not strongly oppose Georgia’s EU membership either. However, NATO membership is a more sensitive issue. It will probably raise stronger objections to Georgia’s NATO membership. It may do so even if it emerges weaker from the Ukrainian crisis.
Because of the Ukrainian crisis, Sweden and Finland have become uneasy about Russia’s interest in expanding its zone of influence. Moscow is already active in Transnistria and Moldova. These countries have every reason to be worried. We will see the ultimate outcome if and when a new defense architecture is worked out in Europe.
The third chapter in the South Caucasus is Nagorno-Karabakh. While Turkey is not part of the South Caucasus, it is part of the regional security architecture because of its close relations with Azerbaijan.
Russia was and still is to a large extent the game-maker in the South Caucasus, but it may have moved this question to the backburner, because most of its energy is being absorbed by the Ukrainian crisis.
Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan continue to work on a framework initiated by Putin. It would become a good precedent if they could continue this pattern without Putin’s supervision or intervention.

Despite goodwill on all sides, stabilization in the South Caucasus may not be expected soon.

Yasar Yakis

Azerbaijan and Armenia do not agree on all issues, but their leaders give positive signals. A contention with roots going back centuries may not be solved easily. Putin has laid the foundations for negotiations by persuading the Azerbaijani and Armenian leaders. He did this to keep the situation in the Caucasus under Russia’s control. There may be pitfalls on the road, but reasonable decision-makers on both sides seem to be aware that if the present negotiations derail, they may grind to a halt. Bearing in mind the uncertainties created by the Ukrainian crisis, it would be difficult to foretell where the present Azerbaijani-Armenian efforts will lead.
The Artsakh (Karabakh) lobby is influential in Armenia’s domestic politics. It is composed of far-right nationalist Armenians who seek to annex Karabakh to Armenia, whereas if a stable administration could be established in Karabakh, Armenians may benefit from oil-rich Azerbaijan’s economic resources in their capacity as full-fledged citizens of Azerbaijan.
The fourth chapter of the South Caucasus file is the relations between Turkey and Armenia. Armenians and Turks have lived in the same geographical area for more than 1,000 years. There is a high degree of appreciation for Armenians among the Turks. They enjoyed similar fortunes and faced similar hardships. They helped each other in difficult times.
After the dismemberment of the Soviet Union, Turkey was one of the first countries to extend diplomatic recognition to Armenia — together with Azerbaijan and Georgia. It sent humanitarian assistance to Armenia and invited it to join as a founding member of the newly established Black Sea Economic Cooperation organization.
After Armenia’s occupation in 1993 of the autonomous Karabakh region of Azerbaijan, Turkey closed its borders with Armenia. There were several attempts to mend relations between the two countries. On Oct. 10, 2009, Turkey and Armenia signed a protocol to establish diplomatic relations and open the borders. The Armenian church and Armenian nationalist political parties reacted against the protocol and the Armenian government had to refrain from submitting the protocol to parliamentary approval. Therefore, the protocol remained a dead letter.
Pashinyan sees the advantages of normalization with Turkey. The 2009 attempt at reconciliation failed for emotional reasons. Turkey had not taken Azerbaijan on board before embarking on a rapprochement with Armenia. This time, Ankara is closely coordinating with Baku, but this does not mean that it may not fail again for other reasons. Irrelevant third parties may step in and spoil the process.
Despite goodwill on all sides, stabilization in the South Caucasus may not be expected soon.

• Yasar Yakis is a former foreign minister of Turkey and founding member of the ruling AK Party.

 

Freedom House urges Armenian police to refrain from using disproportionate force against protesters

Panorama
Armenia –

Rights group Freedom House has expressed concern over violence taking place during opposition protests in Armenia.

“We are disturbed by violence taking place during protests targeting journalists, public figures, and ordinary citizens in Armenia. We appeal to the people to exercise their fundamental rights peacefully and call on the police to refrain from using disproportionate force,” it said in a tweet on Friday.

“The Armenian authorities and the opposition must respect the unobstructed functioning of democratic and human rights institutions, including civil society and the media, necessary to guarantee the rights of all citizens in the line with democratic norms and standards,” the watchdog added.

Freedom House
@freedomhouse
(1/2) We are disturbed by violence taking place during protests targeting journalists, public figures, and ordinary citizens in #Armenia. We appeal to the people to exercise their fundamental rights peacefully and call on the police to refrain from using disproportionate force.
2:55 PM ·

Resistance movement to continue acts of disobedience: Saghatelyan presents plans for tomorrow

NEWS.am
Armenia –

The Resistance Movement will continue its acts of disobedience tomorrow demanding the resignation of Armenian Prime Minister Nikol Pashinyan.

Ishkhan Saghatelyan, the representative of ARF Dashnaktsutyun's Supreme Body and deputy speaker of the parliament from the opposition, invited the members of the Movement to France Square at 16:00.

"At 21:00 there will be a lecture by filmmaker Hovhannes Gasparyan, and at 22:00 there will be a discussion of regional issues," he said.

President: Artsakh must always be Armenian and impregnable

Panorama
Armenia – May 9 2022

President of the Artsakh Republic Arayik Harutyunyan issued a congratulatory message on Victory, Shushi Liberation and Artsakh Defense Army Day celebrated on May 9. His full statement is provided below.

"Dear compatriots,

Dear veterans of the Great Patriotic and Artsakh Liberation Wars,

Respected generals, officers, and soldiers of the Defense Army,

May 9 has left its mark in the history of the Armenian people as a symbol of its freedom-loving and indomitable spirit, courage and heroism, boundless love for the Motherland, devotion, and self-sacrifice.

During the Great Patriotic War, our ancestors, along with other peoples of the Soviet Union, fought selflessly against fascism, the greatest evil against mankind.  We are proud that Artsakh has also had a significant contribution to carving the victory, every third of its population went to the front, giving numerous heroes of the USSR, marshals, admirals, and commanders.

The future generations continued the heroic traditions of their ancestors, building a regular army from volunteer groups 30 years ago, successfully carrying out the military operation in Shushi, and liberating the ancient Armenian fortress town.

However, today Shushi is in captivity again, like hundreds of our sanctuaries and settlements, which are being destroyed and vandalized by Azerbaijan. Their goal is to completely eliminate the Armenian trace and the Armenians themselves, violating all the norms and principles of international law.

These days the security of Artsakh is ensured by the Russian peacekeeping contingent together with our Defense Army. We are deeply grateful to our friends for being by the people of Artsakh and for supporting us in every way.

On behalf of the authorities of the Artsakh Republic and on my own behalf I extend my heartfelt congratulations on these precious and cherished holidays and pay my respects to the memory of all our martyrs who dedicated their lives to the defense of the Motherland, to their families and relatives. For the sake of the sacred memory of our heroic grandfathers, fathers, and sons, and for the sake of the generations to come, Artsakh must always be Armenian and impregnable.

Eternal honor and glory to all the devotees of the Motherland!"

https://www.panorama.am/en/news/2022/05/09/Artsakh-president/2678883

Democracy is Armenia’s number 1 international “brand”

Save

Share

 17:59, 4 May, 2022

YEREVAN, MAY 4, ARMENPRESS. Democracy is Armenia's number one international "brand" today, the authorities will maintain that "brand", ARMENPRESS reports Prime Minister Nikol Pashinyan said during Q&A session at the National Assembly.

"I want us to never and never interpret democracy as a weakness of the government or the state," Pashinyan said.

Referring to the street struggle launched by the opposition, the Prime Minister said that the opposition once mocked them for walking. "Our opposition colleagues mocked us for walking, and they decided to walk themselves after the rounds”, Nikol Pashinyan said.