“Business in FAANG style”: Kjell Nordström to hold insight session for Armenian audience

Panorama, Armenia

Official press release by VivaCell-MTS

The rapidly changing environment transforms organizations, attitudes and methods; it shifts systems of values and mindsets of generations. The business sphere is also influenced by these changes and finds reflected in organizational and management strategies.

On September 7, 2018, in the frames of #WTSA (World’s Top Speakers in Armenia) initiative organized by Skill.am, Swedish economist, writer and business analytic Kjell Nordström will hold the first in kind insight session in Armenia titled “Business in FAANG Style: strategy for future leaders and organizations”. Kjell Nordström has twice been ranked as the leader in the “Thinkers 50” global rating of management thinkers and one of the brightest and eccentric thinkers of our time.

The General Partner of the event is VivaCell-MTS, Armenia’s leading telecommunication operator.

During the session, the participants will get acquainted with the vision of the “Funky Business” bestseller’s co-author Kjell Nordström. The speaker will share his experience and strategic insights on management and business, on how the company is affected by huge technological changes and how to designate a system of values.

The race for the future is lost by those who do not participate in it.

FAANG is the new standard of business administration. It is an acronym for Facebook, Apple, Amazon, Netflix and Google, the shapers of the most successful business model of our time. According to Nordström, to achieve success, companies need to follow the business logic of the above-mentioned companies when defining their strategy.

Kjell Nordström is one of the most sought-after thinkers of our time. The bestseller “Funky Business” published in 1999 reflects on the emerging business trends of the 21st century. His research and consulting focus on the areas of corporate strategy, multinational corporations and globalization.

The registration to the insight session is open and all those wishing to participate can book a ticket on www.skill.am website. The insight session will be held in English, with simultaneous Russian translation.

* * *
On “Funky Business” book

The authors of the book, Kjell Nordström and Jonas Ridderstråle, call 21st century the century of funk. This new era defies the old rules of the game.

The book written by two Swedish economists aims to give insights into the rapidly changing world of the 21st century, to help gain a better understanding of the global trends, and make better and more effective decisions. Although written 19 years ago, it continues to remain relevant. The book has been translated into 33 languages and is described as a “manifesto of what our time requires from business firms and their leaders”.

NSS probes bribery-related report involving Yerevan City Hall officials, agents raid offices

Category
Society

The National Security Service says two citizens have reported that officials of the Yerevan City Hall have demanded transferring certain amounts of money to the account of Yerevan Foundation for being granted construction permit, in addition to the legally required payments.

The NSS says the initial investigation revealed that come of the illegally demanded money was in turn embezzled.

A criminal case has been initiated on misconduct.

The national security service said it raided the offices of the Yerevan Foundation. The offices are located inside the building of the Yerevan City Hall.

Sports: Wrestler Mkhitaryan brings Armenia a second medal in U23 European Championship

MediaMax, Armenia
Wrestler Mkhitaryan brings Armenia a second medal in U23 European Championship

Armenia representative Hovhannes Mkhitaryan (86kg) beat Patrik Szurovszki (Hungary) in the repechage and won the bronze medal on the last day of the tournament by beating Mihai Nicolae Palaghia (Romania) 10-0.

The first bronze medal was brought to Armenia’s freestyle team by Gevorg Mkheyan (70kg).


Business environment in Armenia is really free, assures First Deputy PM

ArmenPress, Armenia
June 7 2018
Business environment in Armenia is really free, assures First Deputy PM


YEREVAN, JUNE 7, ARMENPRESS. The business environment in Armenia is really free: in the current realities broad opportunities are opened for investments, First Deputy Prime Minister Ararat Mirzoyan said during the UK-Armenia business forum in Yerevan, reports Armenpress.

“Traditionally it has been accepted to say that the businessmen of other countries are not interested in investments in Armenia which firstly has been linked with neither transparent nor competitive environment. It has also been linked with non-independent courts. There has also been a problem in connection with the personal business interests of leadership representatives which significantly undermined the free competitiveness. Today I want to officially announce that the issue of independent courts, non-competitive market is solved in one day”, Ararat Mirzoyan said.

He noted that the Armenian authorities do not have their own business interests, therefore, there will be no obstruction for those people who have business interests in Armenia. The First Deputy PM stated that it’s already a month the Armenian leadership doesn’t and will not interfere in the activities of the judiciary.

“From now on the business environment is free, it can live with its rules and can freely compete, apply to the court. This is the main message I want to address to the business forum participants, the business of other countries”, Ararat Mirzoyan said.

The First Deputy PM said the Armenian-British cooperation has a great potential which is still not utilized, and now there are real opportunities for its utilization.

The UK-Armenia Business Forum was held in Yerevan on June 7. It has been organized by the UK Embassy in Armenia, in partnership with the Armenian-British Business Chamber.

English – translator/editor: Aneta Harutyunyan


Converse Bank has finalized the results of MEET THE CHAMPIONS campaign

Category
BUSINESS & ECONOMY

Converse Bank has finalized the results of MEET THE CHAMPIONS campaign. The Campaign had been launched in March for MasterCard and Maestro cardholders of Converse Bank to encourage customers and to expand noncash transactions.

“In the course of the Campaign, starting from March 26 through May 10, both the quantity and the amount of noncash transactions with MasterCard and Maestro cards of Converse Bank grew substantially versus the same period in the past year. In particular, the turnover of noncash transactions with the Bank’s cards grew by 23%, and the number of noncash transactions grew by 77%,” the Bank representative said.

Simultaneously, when making noncash shopping in the partnering network of the Bank, the Campaign participants enjoyed cashback and accumulation of Converse points, and the top 10 participants won various prizes in a lottery, of which 6 cash prizes at AMD 100,000 each, 3 cash prizes at AMD 250,000 each, and 1 ticket for 2 persons for UEFA Champions League Final (including air ticket and accommodation).

It is important to note that the cardholders having made at least 25 noncash transactions to a total amount of AMD 400,000 (equivalent foreign currency) had been qualified to take part in the lottery.


Wolfs attack children in Hadrut

On May 28, at 18:20, the Hadrut Regional Department of the AIDS informed that wolfs attacked people in Mets Tagher and Tumi communities of the Hadrut region between 17:00 and 18:00. The Artsakh Republic Emergency Situations Service informs that a 10-year old T. Kh., a 4-year-old A. M. and a 11-year-old K. G. were taken to “Arevik Children’s Medical Association” CJSC with bodily injuries.

According to the doctors, the condition of the victims is assessed as moderate.

Wild West Telma

see attached Armenian and English news releases

picture caption- Telma at Wild Wild West Ultra Race

NEWS RELEASE   NEWS RELEASE  NEWS RELEASE  NEWS RELEASE

For Immediate Release
May 17, 2018
contact-Garen Yegparian
818/563-3918
[email protected]


Wild West Telma

Lone Pine, CA – Two weeks ago, on Saturday, May 5, Telma Ghazarian Altoon ran 
the 50-mile Wild, Wild West race in the Alabama Hills near Lone Pine California.

Running this kind of course, the equivalent of roughly two marathons, in desert 
heat is just part of the intense training ultra-marathon runners undergo.  In 
this case, Telma is preparing for the Badwater 135 mile, 14,600 foot gain, race 
from the lowest point in North America to Whitney Portal, gateway to the 
highest point in the continental United States.  It is known as the world’s 
toughest footrace.

Along with a few other runners, she ended up running six extra miles, because 
of a wrong turn.  This is one of the risks of races in wilderness settings.  
Despite that snafu, she finished eighth among the women.  It is also important 
to note that not all participants are always able to finish the race.

The race location has stunning scenery.   The Alabama Hills are jumbled, 
ancient stone formations that protrude from the floor of California’s Owens 
valley.    As runners wend their way through these mounds of rocks, they are 
treated to views of the majestic Sierra Nevada mountain range which serves as 
the backdrop.  This area has been used to film countless Western films.  In 
fact, there is now a museum dedicated to those films in the town of Lone Pine.

The temperatures on that day ranged from the low 40s (F) to the high 80s.  
“Part of the appeal of this race for me is its proximity to the location of the 
Badwater 135 race,” observed Telma.  “This way I got a feel for the area, the 
terrain, and can better prepare for the race.”  Since she is more frequently a 
participant in ultra races located in mountainous terrain, it is important for 
her to adapt to the desert’s conditions.

Telma is now in Armenia to continue her training while showing an 
ultra-marathon organizer the Armenian Highland’s beauty.  She will run the 
Janaparh Trail with Hans Keifer who is mountain biking it.  Hans is heavily 
involved in trail building in the Republic of Armenia and is training local 
residents in that specialized field of construction which is his business.

Details from the trip and more background will soon follow.

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Cypriot House President describes his visit to Armenia as a pilgrimage

Cyprus News Agency
Tuesday
House President describes his visit to Armenia as a pilgrimage
 
 
The common aims and historical relations between Cyprus and Armenia were stressed once again during an official dinner hosted by President of the Armenian National Assembly Ara Babloyan in honour of President of the Cypriot House of Representatives Demetris Syllouris and the parliamentary delegation visiting Yerevan.
 
Syllouris, heading the official visit at the invitation of Babloyan, said their presence in Armenia was more than just a visit, it was a pilgrimage.
 
The official dinner was held at a carpet factory, where Syllouris and the Cypriot MPs were informed about the style, materials, and cultural value of handwoven carpets in the history of the Armenian nation.
 
Syllouris' official visit continues on Tuesday with a visit to the Armenian Genocide memorial complex and the on-site museum.
 
Later on he will address the meeting of the National Assembly and will meet with Catholicos Karekin II, the supreme head of the Armenian Apostolic Church.
 
Also scheduled are meetings with Prime Minister Nicol Babloyan and Minister of Foreign Affairs Zohrab Mnatsakanian.
 
The Cypriot parliamentary delegation comprises MPs Nicos Tornaritis, Georgios Georgiou, Christos Orphanides, and George Perdikis, as well as Representative of the Armenian Religious Group in the House Vartkes Mahtesian and Rector of the University of Cyprus Constantinos Christofides.

168: Prosecutor General weighs in on lawfulness of April 22 detention of then-MP Pashinyan, colleagues

Category
Politics

Armenia’s Prosecutor General Arthur Davtyan has clarified the legal basis for detaining then-MPs Nikol Pashinyan, Sasun Michaelyan and Ararat Mirzoyan during the demonstrations in April.

Speaking during a parliamentary committee sitting, the Prosecutor General responded to a question from Yelk faction MP Edmon Marukyan, stressing that the MPs were detained on April 22 for organizing illegal rallies and marches.

Marukyan requested the Prosecutor General to present the legal grounds for detaining the lawmakers, stressing that Pashinyan was basically kidnapped because no one was aware of his whereabouts.

Marukyan also noted that after the detention, motions have been filed to the parliament to strip the MPs of immunity. Marukyan asked to clarify on these motions.

Davtyan stressed that a detainee is entitled to a phone call to notify on his whereabouts.

“At the same time, the investigator in charge of the proceedings has the right to delay this call up to 12 hours at the agreement of his superior. As far as I know the necessary deadlines have been maintained in this issue”, the Prosecutor General said.

He clarified that the Prosecutor General’s Office had filed a motion to the parliament on stripping from immunity only in regard to Nikol Pashinyan, but this was followed by the deputy PM’s request on retracting the motion. “After this I addressed a letter to the Speaker of Parliament and asked to remove this issue from the agenda”, he said.

On April 22, opposition MPs Nikol Pashinyan (incumbent PM), Ararat Mirzoyan (incumbent deputy PM) and Sasun Michaelyan, were detained by police during a rally in Yerevan, despite their immunity. The lawmakers were released a day later. The same day, PM Serzh Sargsyan resigned and Pashinyan was subsequently elected PM on May 8

President appoints sacked foreign ministry official as adviser

Categories
Official
Politics

Armenian President Armen Sarkissian has appointed Shahen Avagyan – the former Secretary General and Chief of Staff of the ministry of foreign affairs under FM Edward Nalbandian – to serve as his adviser.

Mr. Avagyan was dismissed from office in the foreign ministry at the decision of Prime Minister Nikol Pashinyan.