Armenia’s public debt amounts to over $9.3 billion

April 6 2022
Armenia's public debt amounts to over $9.3 billion


YEREVAN, April 6. /ARKA/. Armenia's public debt as of February 28, 2022 stood at over $9.3 billion, up $41.7 million from January 31, 2022, according to the National Statistical Committee (NSC). On December 31, 2021 the country's public debt stood at $9,225,643,000.

In Armenian drams, the public debt as of February 28, 2022 was worth about 4.5 trillion, decreasing by about 16 billion drams.

According to the National Statistics Committee, Armenia's external debt stood at $6,648.842, 000, a decrease of $6.540 million from the previous month, while domestic debt rose by $48.253 million to $2,675.457, 000.

In AMD equivalent, the external debt decreased by over 6 billion to 3,205,539,500, while the domestic debt increased by 22.1 billion to 1,289,891,500.

The government's external debt decreased by $13.345 million to $6,171.636, 000, while the Central Bank's debt rose by $6.804 million to $477,206,000. In drams, the Central Bank's debt rose by over 3 billion drams to 230 billion.

Of the domestic debt about $2,500,081,000 were owed to resident holders of government bonds, an increase of $43.243 million. Also, some $160.270 million were owed to resident holders of government bonds in foreign currency, an increase of $5 million.  Also, $11.106 million were owed as government guarantees, up $0.010 million. -0-

Armenian government plans to buy three SUVs for parliament speaker’s motorcade

Panorama
Armenia – April 7 2022

The Armenian government intends to purchase three Toyota RAV4 SUVs worth a total of 54 million drams (approx. $110,000) for the motorcade of National Assembly Speaker Alen Simonyan. The draft decision is put on the agenda of Thursday’s cabinet meeting, and the issue is not subject to discussion.

In substantiating the expense, the government says that the SUVs accompanying the official vehicle of the speaker “cannot ensure his safe travel due to their technical characteristics.”

In this regard, the parliament staff carried out a monitoring in the market and considered it expedient to buy three SUVs from Toyota Yerevan CJSC at a discount.

The government decided to allocate funds to buy Simonyan a high-class BMW worth nearly $185,000 last year.

Japan plans to gradually reduce coal imports from Russia

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 10:11, 8 April, 2022

YEREVAN, APRIL 8, ARMENPRESS. The world's third-largest coal importer Japan plans to reduce Russian coal imports gradually while looking for alternative suppliers in the wake of sanctions against Moscow, Reuters reported citing the Japanese industry minister.

The move also highlights a potential shift in Japan's energy procurement policy.

The minister, Koichi Hagiuda, told reporters that Japan will aim over time to end coal imports from Russia, the country's second-biggest supplier of thermal coal in 2021. He said finding immediate alternative suppliers would be difficult.

Russia accounted for 11% of Japan's total coal imports in 2021, according to the government data.

UK supports the efforts of the OSCE Minsk Group to reduce tensions in Artsakh

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 19:25, 6 April, 2022

YEREVAN, APRIL 6, ARMENPRESS. Minister of Defense of Armenia Suren Papikyan received the Ambassador Extraordinary and Plenipotentiary of the United Kingdom to the Republic of Armenia John Gallagher.

As ARMENPRESS was informed from the press servic eof the Defense MInsitry of Armenia, the Armenian Defense Minister presented the situation on the Armenia-Azerbaijan border and in Artsakh. Noting that the actions of the Azerbaijani side endanger regional stability and security, Suren Papikyan stressed the need for the international community to take measures to prevent the escalation of the situation.

 

"Ambassador Gallagher reaffirmed that the United Kingdom supports the efforts to reduce tensions and resolve the conflict peacefully through the OSCE Minsk Group," the statement said.

 

The interlocutors also discussed issues related to bilateral cooperation in the field of defense, as well as cooperation in the fields of military education, training and peacekeeping capabilities.

Azerbaijani Forces Still Occupying Artsakh’s Karaglukh Heights

The Karaglukh Heights in Artsakh's Askeran region

The situation continued to remain tense in Artsakh’s Askeran region on Tuesday, as Azerbaijani forces, after breaching the line-of-contact, advanced into the Parukh village and are still occupying the strategically important Karaglukh heights.

As Moscow signaled on Tuesday that will ramp up its peacekeeping contingent, soldiers of the Artsakh Army are taking additional steps to secure the area,

“The Azerbaijani troops remain in their positions in Karaglukh section adjacent to Parukh and no changes in positions took place during the day. The Artsakh Armed Forces took additional warning and suppressive measures especially in the direction of Karaglukh. Parallel with this, works continue with the Russian peacekeeping contingent’s command with the purpose of withdrawing the Azerbaijani side to their initial positions,” the Artsakh authorities said, urging the population to remain calm.

Armenia’s Foreign Ministry published a map on Monday showing positions Azerbaijan has occupied in Artsakh

The Russian peacekeeping contingent in Nagorno Karabakh said it was calling in reserve forces in order to thwart the Azerbaijani military advance in Parukh village.

After almost of month continued shelling of Armenian villages in Artsakh’s Askeran region, Azerbaijani forces advanced their positions inside Artsakh, where a days-long standoff has escalated tensions and threats to the population and Artsakh’s security.

On Saturday, the Russian Defense Ministry announced that Azerbaijan was in violation of the November 9, 2020 agreement that established a fragile ceasefire. Moscow also confirmed reports that Azerbaijani forces had deployed four Turkish-made Bayraktar drones to attack the area.

Artsakh authorities evacuated women, children and the elderly from the area, with the government vowing to assist these newly-displaced people until a resolution is found to the latest aggression by the Azerbaijani forces.

Artsakh authorities are calling for Azerbaijani forces to return to their original positions and urging the international community to step up its efforts to tame Azerbaijan’s attacks in Artsakh.

The United States, France and Russia have all condemned the Azerbaijani troop movements in the area, with France and Russia calling on Azerbaijani to end its advances.

The Artsakh foreign ministry accused Baku of continuing what it called “humanitarian terrorism” and politicizing the acute humanitarian crisis in Artsakh. The statement on Tuesday came in response to the sudden resumption of gas supplies to Artsakh, which were being blocked by Azerbaijan since March 7.

“On March 28, the gas supply to the Republic of Artsakh was resumed through the only gas pipeline entering Artsakh from the Republic of Armenia. This month, Azerbaijan has twice disrupted the supply of natural gas to Artsakh for a lengthy period, causing a humanitarian crisis,” said the Artsakh Foreign Ministry. “Politicization of humanitarian issues is inadmissible and immoral, and any attempt of the kind is a challenge to the entire civilized world.”

The faction represented in Artsakh parliament echoed the demands put forth by Stepanakert and Yerevan, calling on Azerbaijan to return its forces back to their initial positions.

In a statement issued on Tuesday, the Artsakh parliamentary factions—Free Motherland-UCA, United Motherland, Justice, Armenian Revolutionary Federation and Democratic Party of Artsakh—decried and condemned Azerbaijan for using Artsakh’s gas supply to “exert psychological pressures on and terrorize the people of Artsakh.”

The gas blockade was happening simultaneously with the incessant shelling of Askeran villages.

“By highly appreciating the consistent steps being taken by the Russian peacekeeping forces deployed in the Republic of Artsakh, we expect the return of Azerbaijani armed forces to their initial positions,” said the lawmakers’ statement.

Sports: Armenia wins 2 medals on European Wrestling Championships opening day

PanArmenian
Armenia – March 30 2022

PanARMENIAN.Net - Armenian freestyle wrestlers won one silver and one bronze medals on the opening day of the European Wrestling Championships currently underway in Budapest, Hungary.

In particular, Georgia’s Zurabi Iakobishvili, a World Championship gold medalist in 2017, claimed the first European title of his career. In the 70kg final, He was a narrow 2-1 winner against Armenia’s Arman Andreasyan, who took silver.

Manvel Khndzrtsyan, meanwhile, lost his final bout to North Macedonia's Vladimir Egorov to secure bronze.

RFE/RL Armenian Report – 03/30/2022

                                        Wednesday, 


Pashinian, Aliyev To Meet Again In Brussels

        • Heghine Buniatian

Belgium - European Council President Charles Michel meets with Armenian Prime 
Minister Nikol Pashinian and Azerbaijani President Ilham Aliev, Brussels, 
December 14, 2021.


European Council President Charles Michel will host fresh talks between the 
leaders of Armenia and Azerbaijan in Brussels next week, it was announced on 
Wednesday.

A spokesman for Michel gave no details of the agenda of his trilateral meeting 
with Prime Minister Nikol Pashinian and President Ilham Aliyev, saying only that 
it is scheduled for April 6.

A senior European diplomat, who asked not to be identified, told RFE/RL that the 
three men will review recent developments in the Nagorno-Karabakh conflict zone 
and continue discussions on achieving regional peace and stability. They will 
specifically focus on practical modalities of opening transport links between 
Armenia and Azerbaijan, said the diplomat.

Michel and French President Emmanuel Macron held a virtual meeting with Aliyev 
and Pashinian on February 4. The video conference came about two months after 
Pashinian’s two face-to-face talks with Aliyev which were separately hosted by 
Macron and Michel in Brussels.

The fresh meeting of the Armenian and Azerbaijani leaders was announced two days 
after Armenia offered to “immediately” start negotiations with Azerbaijan on a 
bilateral peace treaty sought by Baku. The offer in turn followed deadly 
fighting in Karabakh sparked by an Azerbaijani incursion into a local village 
and surrounding territory.

The Azerbaijani Foreign Ministry said on Tuesday that Baku is prepared for such 
negotiations but expects the Armenian side to take unspecified “concrete steps” 
first. It said the Armenian-Azerbaijani peace deal must be based on five 
elements that were presented by it to Yerevan on March 10. Those include, among 
other things, a mutual commitment to recognize each other’s territorial 
integrity.



Freed Mayor Allowed To Run Armenian Town For Now

        • Naira Nalbandian

Armenia - Goris Mayor Arush Arushanian speaks with journalists after his release 
from custody, March 28, 2022.


Prosecutors confirmed on Wednesday that the opposition-linked mayor of the 
southeastern Armenian town of Goris can continue to perform his duties for now 
despite a court ruling that bars him from holding public office.

Arush Arushanian received a suspended six-month prison sentence and was set free 
on Monday nine months after being arrested on a string of charges strongly 
denied by him.

Arushanian was acquitted of vote buying but found guilty of assault and abuse of 
power at the end of a four-month trial. A court in Goris also ruled that he 
cannot hold any local government posts for the next five years.

Arushanian’s lawyers said that he will appeal against the verdict. They insisted 
that the 31-year-old can continue to serve as Goris mayor pending a higher 
court’s ruling on the appeal.

A spokesman for Armenia’s Office of the Prosecutor-General, Gor Abrahamian, 
confirmed that. “There are no obstacles right now given the fact that the 
judicial act has not yet taken effect,” he told RFE/RL’s Armenian Service.

Arushanian returned to work hours after walking free in the courtroom. A 
statement posted on the website of the Goris municipality said that he will 
chair a session of the municipal council scheduled for April 5.

The council elected last October is empowered to appoint and dismiss the head of 
the local community comprising Goris and surrounding villages.

An opposition bloc led by Arushanian controls 13 of the 21 seats in the council. 
It will therefore be in a position to install another mayor if Arushanian’s 
removal from office is upheld by higher courts.

Arushanian was one of the four heads of major communities of Syunik province who 
were arrested shortly after the June 2021 parliamentary elections on various 
charges rejected by them as politically motivated. They all demanded Prime 
Minister Nikol Pashinian’s resignation before joining the main opposition 
Hayastan alliance set up by former President Robert Kocharian in the run-up to 
the snap polls.



Armenian Central Bank Sees Serious Fallout From Ukraine War

        • Robert Zargarian

Armenia - Export-bound brandy stored at a distillery in Yerevan.


Armenian economic growth will slow down considerably and inflation will remain 
high this year due to knock-on effects of Western sanctions imposed on Russia 
over its invasion of Ukraine, according to the Central Bank of Armenia (CBA).

In a report released this week, the CBA said that the country’s economy now 
faces “high uncertainty and significant risks.” It predicted sizable drops in 
Armenian exports to Russia and multimillion-dollar remittances from Armenians 
working there.

Russia is Armenia’s number one trading partner and export market, with bilateral 
trade totaling $2.6 billion last year. The Russian ruble has depreciated sharply 
since the start of the assault on Ukraine on February 24.

The CBA report says that Russian-owned companies operating in Armenia will 
experience major “difficulties and disruptions” because of the crippling 
sanctions against Russia.

One such company, the Teghut mining giant, suspended operations on March 14. It 
employs 1,100 people and was Armenia’s tenth largest corporate taxpayer in 2021.

Armenia - A newly constructed ore-processing plant at the Teghut copper mine, 
20Dec2014.

The CBA already cut its economic growth forecast for 2022 from 5.3 percent to 
1.6 percent in mid-March. A senior official from the International Monetary Fund 
forecast a virtually identical growth rate.

The CBA also raised its benchmark interest rate by 1.25 percentage points, 
citing increased inflationary pressures on the Armenian economy.

“A high inflationary environment is expected to persist in the months to come,” 
reads the bank’s latest report.

Food prices in the country went up by an average of almost 13 percent last year, 
reflecting a global trend. Prime Minister Nikol Pashinian warned on March 3 that 
fallout from the conflict in Ukraine will push them up further.

Armenia imports a large part of its wheat, cooking oil and other basic 
foodstuffs from Russia. Many of its citizens are already struggling to cope with 
the increased cost of living.

“What should pensioners do?” said one middle-aged woman in Yerevan. “Things are 
getting worse by the day.”



Armenian Judge’s Arrest Extended

        • Marine Khachatrian

Armenia-Judge Boris Bakhshiyan,undated


An Armenian court has extended by one month the pre-trial arrest of a judge 
prosecuted on what he sees as politically motivated charges.

Boris Bakhshiyan was taken into custody on February 7 two weeks after granting 
bail to a jailed opposition figure. He rejects accusations leveled against him 
as government retribution for that decision.

The accusations stem from another decision which Bakhshiyan made during an 
ongoing trial presided over by him. Prosecutors claim that the 36-year-old judge 
illegally ordered the arrest of one of the defendants in that trial.

The Supreme Judicial Council (SJC), a state body overseeing Armenian courts, 
allowed Bakhshiyan’s arrest despite an uproar from many lawyers and the 
leadership of Armenia’s Union of Judges.

Bakhshiyan’s lawyer, Arsen Sardarian, told RFE/RL’s Armenian Service on 
Wednesday that a Yerevan court has agreed to allow investigators to hold his 
client in detention for one more month, until May 7.

In recent months, opposition groups, legal experts and some judges have 
repeatedly accused the Armenian government of seeking to increase its influence 
on courts under the guise of judicial reforms. The authorities deny this, 
insisting that the reforms are aimed at increasing judicial independence.

Armenia’s parliament controlled by Prime Minister Nikol Pashinian’s party 
approved in February legislation that made it easier for law-enforcement 
authorities to indict and arrest judges.



Armenian Ministry Raided In Corruption Probe

        • Marine Khachatrian

Armenia - The building of the Armenian Ministry of Emergency Situations, Yerevan.


Law-enforcement officers have raided the Armenian Ministry of Emergency 
Situations as part of an apparent investigation into corruption.

The officers of the Anti-Corruption Committee (ACC) and the National Security 
Service (NSS) jointly searched at least one office at the ministry headquarters 
in Yerevan on Monday. It remains unclear whether anyone was arrested or charged 
as a result.

Neither law-enforcement agency has commented on the extraordinary operation so 
far. The ACC said on Wednesday that it will make an official statement soon.

A spokeswoman for the ministry told RFE/RL’s Armenian Service that the 
investigators searched the office of Ashot Hakobian, an adviser to Minister of 
Emergency Situations Andranik Piloyan. Hakobian did not report for work on 
Wednesday despite not being on vacation, she said without commenting further.

Piloyan went on a two-week vacation hours after the raid. He was reportedly 
questioned by the ACC on Tuesday. The minister has still not publicly commented 
on the corruption probe.

Piloyan is a retired army general who participated in the 2020 war with 
Azerbaijan. During the six-week hostilities, he received Armenia’s highest state 
award, the title of National Hero, for leading what Prime Minister Nikol 
Pashinian called a successful Armenian counteroffensive southwest of 
Nagorno-Karabakh.

The award proved highly controversial seeing as Azerbaijani forces continued 
their advance in that area in the following days.

Pashinian went on to appoint Piloyan as minister in November 2020 less than two 
weeks after a Russian-brokered ceasefire that stopped the devastating war.

The Ministry of Emergency Situations will be run by Piloyan’s first deputy, 
Armen Pambukhchian, for now. Pambukhchian is a member of the ruling Civil 
Contract party.


Reprinted on ANN/Armenian News with permission from RFE/RL
Copyright (c) 2022 Radio Free Europe / Radio Liberty, Inc.
1201 Connecticut Ave., N.W. Washington DC 20036.

 

Azeri troops trying to annoy Karabakh residents out of their homes

PanARMENIAN
Armenia,

PanARMENIAN.Net - The Azerbaijani military has been loudly playing mugham pieces for three days now, as well as threatening through loudspeakers, thus trying to make the residents of the Armenian village of Taghavard leave their homes in Nagorno-Karabakh (Artsakh).

According to Rudik Baghdasaryan, a local official, the villagers are getting used to the "unpleasant" music and trying to live as best they can.

"Now they have come up with something new: they say 'abandon the village if you don't want to suffer the same fate as Parukh'," Pastinfo cited Baghdasaryan as saying on Tuesday, March 29.

The official said students go to school per usual, and there is no growing tension among the population.

Baghdasaryan's comments come amid renewed violence in Nagorno-Karabakh, as Azerbaijan has stormed into the zone of the responsibility of the Russian peacekeepers stationed in the area and is refusing to completely withdraw its forces from strategic heights.

COVID-19: Over 20 new cases, 3 deaths in Armenia

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 11:22,

YEREVAN, MARCH 25, ARMENPRESS. 22 new cases of COVID-19 were confirmed in the last 24 hours, bringing the cumulative total number of confirmed cases to 422,423, the Armenian Ministry of Healthcare said.

3 people died from COVID-19 complications, bringing the death toll to 8607.

58 people recovered (total recoveries: 409,693).

2430 tests were conducted (total tests: 2,961,990).

Armen Grigoryan, Niels Annen discuss Armenia-Germany economic cooperation development prospects

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 13:14,

YEREVAN, MARCH 22, ARMENPRESS. Secretary of the Security Council of Armenia Armen Grigoryan met in Berlin with Niels Annen, Parliamentary State Secretary to the German Federal Minister for Economic Cooperation and Development, the Security Council of Armenia said in a press release.

The sides discussed the further development prospects of the Armenia-Germany economic and technical partnership.

Both sides emphasized the importance of constant development of Armenia’s democratic institutions. They agreed to continue the contacts on matters of bilateral and multilateral interest.