Amundi-Acba made a huge investment in the RA economy

 16:20,

YEREVAN, JULY 19, ARMENPRESS. Amundi-Acba made an investment from the assets of Balanced and Conservative pension funds in the first EU-Armenia SME private equity fund that invests in the equity capital of companies operating in various sectors of the RA economy.

The fund is managed by Amber Capital Armenia, the assets are about 60 million USD and the investment of Amundi-Acba is 6 million USD making 10% of the fund's assets.

The fund made one of its investments in Walnut farms. Amber Capital Armenia has invested 3 million US dollars in Walnut Farms, Amundi-Acba's share makes about 300,000 US dollars.

The company Walnut Farms has been engaged in walnut processing for 6 years and a new Armenian future brand the Nut is created on 100 hectares of land in Armavir marz.

The founding director of the company, a Lebanese-Armenian Samuel Samuelyan, noted that this is an investment that looks to the future, the result of this business will be visible after years, it is a long-term and prospective work, which will foster the creation of the Armenian industry of nuts and pulses.

Jean Mazejian, the CEO at Amundi-Acba Asset Management, said: “We made an indirect investment from the assets of pension funds in Walnut Farms through Amber Capital. Agriculture is a priority for Armenia's economy. The activity carried out by Walnut Farms is an innovation, which will soon create a new industry in the country and the vision of development foresees the products be exported abroad. In addition to creating jobs, developing the local market and economy, Walnut Farms, creates an ecosystem in the country that contributes to Armenia in becoming a part of the global economy by introducing the latest technologies into business processes”. 

Hrayr Aslanyan, the Deputy Executive Officer at Amundi-Acba Asset Management, fund manager emphasized: “The company will have the opportunity to significantly enlarge the walnut orchards and build a new factory with this investment. Besides, it promotes the creation of jobs especially in rural communities. In addition, in the context of investing from pension funds the most important factor is the partner's experience, which meets Amundi-Acba’s standards.

 “The business founders have two sources of financing, one is the loan instruments – the bank, and the other source is the equity capital. The banking sector in Armenia is quite saturated and functions effectively, however, there was a lack of equity capital. Apart from money, Amber Capital was able to provide a number of other advantages to the company, mainly in the field of corporate management. After the investment, a board of directors was established where we have our representative, a financial director was appointed and an external audit institute was introduced. This fosters the culture of the company since it moves from a small institution to a corporate stage. The role of Amundi Acba Asset Management is very important, they have been with us since the first day, the total investment of 60 million AMD would not have been made if it was not for the first investment” said Grigor Harutyunyan, the Investment Director at Amber Capital Armenia.

Walnut Farms wants to create a community where all pulse producers can share experiences how to plant orchards, cultivate them and implement technologies.

Amundi-Acba Asset Management was established in Armenia by the French Amundi and ACBA Bank in 2013. Amundi-ACBA asset management manages three pension funds, benefiting from the Amundi advanced know-how, expertise and technical support. As of June 30, 2023, the assets under the management of Amundi-Acba made about 351 billion AMD.

Back in 2020, Amundi-Acba invested a certain part of the pension funds in the EU-Armenia Small and Medium Enterprise Fund managed by Amber Capital Armenia. The fund invests in various companies operating in the real sector of the economy.

Amber Capital Armenia is the first institutional private equity fund manager in Armenia. The fund is registered in Luxembourg and its assets are about 60 million US dollars. The investment in Walnut Farms is 5% of the total fund.

The company Walnut Farms operates in the field of growing high-value agricultural products in Armenia. The company processes and exports walnut from ecological regions of Armenia.




Visa-Free Travel Agreement Between Georgia and Armenia Enters into Force

Civil Georgia

According to the Ministry of Foreign Affairs (MFA), the agreement “On bilateral visa-free movement of citizens between the Republic of Georgia and the Republic of Armenia” has officially entered into force. The agreement had been signed by the Prime Minister of Georgia Irakli Garibashvili and the Prime Minister of the Republic of Armenia Nikol Pashinyan on January 12, 2023.

According to Foreign Ministry, the purpose of the agreement is to create more favorable conditions for the mutual movement of Georgian and Armenian citizens. It grants citizens of both countries the right to travel from Georgia to Armenia and vice versa through authorized border crossing points for international travel using a biometric identity card. This agreement replaces the previous agreement on visa-free travel “On visa-free travel for citizens of the Republic of Georgia and the Republic of Armenia in their territories” signed on May 19, 1993.

https://civil.ge/archives/552118

Armenia Demands That International NGOs Have Access To Nagorno-Karabakh

Armenia demanded Wednesday, July 12 that international humanitarian organizations have access to the separatist region of Nagorno-Karabakh, whose Azerbaijan has closed the only road linking it to Armenian territory, arousing the concern of its inhabitants. “Residents are dying because they don’t have access to health services”, testified to Agence France-Presse Metakse Iakobyan, a 51-year-old resident of Stepanakert, the capital of Nagorno-Karabakh. Lucine Gasparyan, 37, said that “store shelves are empty” “We can only buy bread and I can’t imagine what our living conditions will be like in the future. »

Read also: Article reserved for our subscribersNagorno-Karabakh: Azerbaijan blocks the vital axis linking the enclave to Armenia

According to local health authorities, more than one hundred and eighty people including two children “seriously ill” must be urgently transferred to Armenia for treatment. Nagorno-Karabakh human rights defender Gegham Stepanyan described a situation that “empire day by day”and mentioned a risk of ” famine “. He called for a reaction ” very strong “ from the international community.

Referring to acts of “contraband” of the Armenian branch of the Red Cross, Baku announced on Tuesday the “provisional suspension” of passage through the Lachin Corridor. The Armenian Foreign Ministry said on Wednesday that this measure is intended to make the situation “unlivable” for the inhabitants of the region. Since December 2022, Armenia has accused its neighbor of hindering the supply of this secessionist region populated by Armenians and of creating a humanitarian crisis there.

“It is regrettable that during these months the international community and international humanitarian organizations have not been able to obtain access to Nagorno-Karabakh”added the Ministry of Foreign Affairs in its press release, considering that it is “crucial to prevent a humanitarian catastrophe” in this region.

The International Committee of the Red Cross (ICRC) has dismissed Azerbaijan’s smuggling charges and assured that no unauthorized goods were found inside its vehicles in the Lachin corridor. The European Union said on Wednesday that it supports “firmly the crucial role of the International Committee of the Red Cross in the region” and she repeated “his call on Azerbaijan to guarantee the free movement of people and goods through the Lachin corridor”.

Armenia and Azerbaijan have been fighting over Nagorno-Karabakh for several decades and have fought two wars for its control, the last of which, in 2020, saw the defeat of Armenian forces.

The World with AFP


https://globeecho.com/news/europe/armenia-demands-that-international-ngos-have-access-to-nagorno-karabakh/

Nagorno Karabakh President says he asked Pashinyan to call Putin

 09:28, 6 July 2023

YEREVAN, JULY 6, ARMENPRESS. On July 5, President of the Republic of Artsakh (Nagorno Karabakh) Arayik Harutyunyan held a meeting  to discuss the operational military-political  and humanitarian situation, the necessary actions to be taken by the authorities, Harutyunyan’s office said in a readout.

In his speech, the President Harutyunyan emphasized the “deteriorating security and humanitarian situation, which poses significant threats to the existence of the people of Artsakh in light of increasing threats from Azerbaijan and the complete suspension of humanitarian transportation.”

"The current situation, along with its dangers and our expectations, has been communicated in all possible ways by the authorities of Artsakh to the relevant authorities in Armenia, Russia, and other members of the international community. Immediate and effective action is urgently needed from all responsible actors, each within their respective responsibilities. Given the alarming situation we face, the people of Artsakh and the authorities expect concrete results in the shortest possible time to alleviate the security and humanitarian situation and lift the blockade. We are making every effort to manage the situation within our limited capabilities, implementing action plans based on various scenarios. In this context, I want to emphasize that the Republic of Artsakh remains committed to a constructive approach and is prepared to discuss and resolve all issues through civilized dialogue and peaceful means," President Arayik Harutyunyan said.

The meeting also involved a discussion on the outcomes of a phone call between the Prime Minister of Armenia and the President of Russia, which took place at the request of the Artsakh President, as well as other agenda items. At the conclusion, the President of the Republic issued appropriate instructions to the relevant authorities.

Prime Minister Nikol Pashinyan spoke by phone on July 5 with Russian President Vladimir Putin.

Pashinyan and Putin discussed the ongoing humanitarian crisis in Nagorno Karabakh resulting from the illegal blockade of the Lachin Corridor and ways of overcoming it, the Prime Minister’s Office said in a readout.

Lachin Corridor, the only road connecting Nagorno Karabakh with Armenia and the rest of the world, has been blocked by Azerbaijan since late 2022. The Azerbaijani blockade constitutes a gross violation of the 2020 Nagorno Karabakh ceasefire agreement, which established that the 5km-wide Lachin Corridor shall be under the control of Russian peacekeepers. Furthermore, on February 22, 2023 the United Nations’ highest court – the International Court of Justice (ICJ) – ordered Azerbaijan to “take all steps at its disposal” to ensure unimpeded movement of persons, vehicles and cargo along the Lachin Corridor in both directions.  Azerbaijan has been ignoring the order ever since. Moreover, Azerbaijan then illegally installed a checkpoint on Lachin Corridor. The blockade has led to shortages of essential products such as food and medicine. Azerbaijan has also cut off gas and power supply into Nagorno Karabakh, with officials warning that Baku seeks to commit ethnic cleansing against Armenians in Nagorno Karabakh. Hospitals have suspended normal operations and the Red Cross has been facilitating the medical evacuation of patients.




Azerbaijan’s President Accuses France Of Backing Armenian Separatism In Disputed Karabakh

URDU Point
July 5 2023

 

MOSCOW (UrduPoint News / Sputnik – 05th July, 2023) Azerbaijani President Ilham Aliyev accused France on Wednesday of supporting Armenian separatism in the disputed Nagorno-Karabakh region.

Aliyev said in a speech at the meeting of the Non-Aligned Movement (NAM)'s Coordinating Bureau in the Azerbaijani capital of Baku that France continued interfering in internal affairs of its former colonies while falsely portraying itself as a defender of human rights.

"The recent withdrawal of French troops from Mali and Burkina Faso once again demonstrated that the outrageous neo-colonialism policy of France in Africa is doomed to failure. Unfortunately, France is trying to impose the same ill practice in the region of South Caucasus by supporting Armenian separatism in the Karabakh region of Azerbaijan," he said.

The president argued that instead of trying to lecture other countries on tolerance Paris should deal with the "alarming tendencies" of racial and ethnic discrimination at home after the police killing of a teenager of Algerian descent led to a week of civil unrest all over France.

"Apology in front of millions of people whom his predecessors colonized, used as slaves, killed, tortured and humiliated will not only be a recognition of the historical guilt of France but also will help France to overcome the consequences of deep political, social and humanitarian crisis it is facing after the brutal killing of Algerian teenager," Aliyev said.

Armenia and Azerbaijan have fought two wars over Nagorno-Karabakh, an Armenian-majority region wedged in between the two countries, where both have a military presence. The decades-long conflict reignited in fall 2020, marking the worst escalation since the 1990s. Hostilities ended in a Russia-brokered ceasefire and deployment of Russian peacekeepers to the region.

FC Urartu’s Dmitri Gunko named Armenian Premier League Coach of the Year for season 2022/2023

 12:14, 3 July 2023

YEREVAN, JULY 3, ARMENPRESS. The Football Federation of Armenia has announced the Armenian Premier League Coach of the Year season 2022/2023 voting results.

FC Urartu head coach Dmitri Gunko was named Coach of the year with 86 points, the Football Federation of Armenia said in a press release.

FC Pyunik head coach Yeghishe Melikyan is in the second place with 67 points.

FC Alashkert head coach Vahe Gevorgyan is third with 24 points.

“Negotiations or pressure on Armenia?”: shelling in NK during negotiations in Washington

June 28 2023

  • JAMnews
  • Yerevan

Shelling during negotiations in Washington

“The situation can be defined as follows: either there are no negotiations, or the use of force is part of these ‘negotiations’,” political observer Hakob Badalyan believes.

During the meeting between the Foreign Ministers of Armenia and Azerbaijan, which began on June 27, Baku used a UAV in Nagorno-Karabakh, which killed four soldiers. The Armenian Defense Ministry reports that the Azerbaijani Armed Forces once again fired at the Armenian-American plant under construction in Yeraskh. In connection with these incidents, NK demanded that the Armenian delegation “immediately stop negotiations until a full-fledged truce is established both on the line of contact with NK and on the Armenian-Azerbaijani border.”

According to Badalyan, Azerbaijan cannot ignore the US, it can simply be sure that there will be a reaction to its actions or not. The analyst believes that the lack of reaction means “at least a loyal attitude towards the use of force by Azerbaijan.”

This is the second round of Mirzoyan-Bayramov talks mediated by US Secretary of State Anthony Blinken. It was scheduled for June 12, but was postponed at the request of Baku. The first round of negotiations took place on May 1-4. Following the meeting, a joint statement was not signed, the parties limited themselves to a press release, which stated that “positions on some key issues still diverge.”


  • Pashinyan speaks before parliamentary commission on the Karabakh War
  • Situation with Armenians in Karabakh has become even more aggravated
  • “Sixty telephone conversations with Putin” – Pashinyan on ending the 2020 war

The Armenian-Azerbaijani talks, mediated by Secretary of State Antony Blinken, will continue until June 29.

It is reported that on the first day the Blinken-Bayrams meeting, trilateral negotiations, as well as bilateral discussions of the Armenian and Azerbaijani delegations took place.

During a conversation with Blinken, the Azerbaijani Foreign Minister said that “for the successful completion of the peace process, it is important to avoid provocative steps.” But, on the first day of negotiations in Washington, the Azerbaijani Armed Forces opened fire on the Armenian-American plant under construction in Yeraskh, and later the situation escalated in NK.

The Prime Minister of Armenia called on the international community to “take practical steps” to ensure the rights and security of the population of Nagorno-Karabakh. On Twitter, he wrote about the “high risk of destabilization in the South Caucasus.”

The parliament of the unrecognized NKR adopted a statement demanding the Armenian delegation in Washington:

“Immediately stop the ongoing negotiations until a full-fledged truce is established on the line of contact with Artsakh and on the borders of the Republic of Armenia and documentary guarantees of its observance are provided. Otherwise, the continuation of negotiations will mean encouraging the aggressive behavior of the Azerbaijani side and privilege at the international level.”

The deputies called on the UN Security Council and the leaders of the co-chairing countries of the OSCE Minsk Group

  • “to take concrete practical steps,
  • impose sanctions against Azerbaijan,
  • curb his aggressive tendencies,
  • not be limited to expressions of sympathy, appeals and recommendations.”

“I can’t imagine what negotiations can be like in a situation where one of the parties is negotiating simultaneously with the use of force or the threat of its use. And this circumstance is not worthy of a targeted assessment by any of the mediators in the negotiations, in general by the international community.

Are negotiations possible in such a situation, or is it just an attempt to dictate conditions, where Yerevan has only one thing left to do – resist?

Negotiations should involve a certain balance of power. I mean not only military strength, but also the atmospheric balance in general.”

“The shelling in Yeraskh has been going on for several days, by and large, they have not stopped. After the first shelling, when two workers were injured, the US expressed deep concern at the level of a tweet from a State Department spokesman.

But this did not bother Azerbaijan. The shooting in the direction of the plant continued even after its owners planted the flags of Armenia and the United States on the territory.

I think that Azerbaijan cannot ignore the US, it can only be sure whether the US will react or not. That’s why I’m talking about signs of loyalty. As an indicator of the effectiveness of efforts to achieve peace, I consider it important to call Azerbaijan to account for the use of force or its threat. When we do not see this, I strongly doubt the effectiveness of the peace process.”

How Yerevan evaluates the installation of the Azerbaijani flag on the Hakari bridge and the ban on movement along the Lachin corridor. Comments of the Prime Minister, Minister of Defense, MPs and Ombudsman of Armenia

“Let’s fix two significant circumstances between the first and second rounds of negotiations in Washington. On May 28 Aliyev made a well-known speech. He openly put forward an ultimatum to the leadership and people of Artsakh – “you will live as I propose, you will be forgiven.” After Aliyev’s speech, the representative of the US State Department welcomed the Armenian Prime Minister’s commitment to peace and Aliyev’s statement on amnesty.

Then there was a leak in the Russian press that the US was trying to organize a direct conversation between representatives of NK and Baku in a third country and was trying to put pressure on Artsakh. The message said that in the event of refusal, “the Karabakh leadership is threatened with an Azerbaijani counter-terrorist operation.”

After this leak, we did not receive an official denial or explanation from the United States that there was no such pressure on the representatives of Artsakh. Why was there no rebuttal?

These two circumstances – the reaction to Aliyev’s speech and the lack of reaction to the leak – allow us to say that the use of force by Azerbaijan is perceived at least loyally. This is worrying. And the question arises to what extent these negotiations are actually negotiations. Or is it persuasion or pressure on one side to agree to some terms.”

Russian media, citing a “diplomatic source”, reported that Washington is forcing representatives of Nagorno-Karabakh to agree to a meeting with the Azerbaijani side.

“If US mediation were unprofitable, unfavorable, Azerbaijan would simply not participate in these meetings. If Azerbaijan can go to negotiations and use force against Artsakh with the help of UAVs in a few hours, then it can afford not to participate in them. If he goes to Washington, then there is no content that he does not want, at least there is no pressure.

I repeat, we do not see a direct reaction of the United States to the actions of Azerbaijan. Yes, we don’t see this from Russia either, but we already know everything about Russia, there are no secrets. It is absolutely clear that Russia will by no means go against Azerbaijan. But we must understand that the United States will not go either.

For them, the settlement of the Armenian-Azerbaijani conflict is just a means of solving their geopolitical problems, fighting for influence among themselves, and so on.”

“Azerbaijan’s goals are clear, it sets the task, so to speak, of the reintegration of Artsakh. They state this very clearly and openly.

When the Prime Minister of Armenia declares that he recognizes the territorial integrity of Azerbaijan, which includes Artsakh, even this does not satisfy Azerbaijan. Instead of this statement, Baku demands to take very specific steps: the disbandment of the army of Nagorno-Karabakh, etc., in fact the disbandment of the unrecognized statehood of Artsakh.”

“The fact that someone raises the question of the Stepanakert-Baku dialogue does not mean anything in itself. Dialogue can be on different issues and in different formats. The same dialogue can be about reintegration into Azerbaijan. If any international actor says that dialogue is important, this does not mean that he says: it is important for Baku to recognize NK.

Naturally, Baku is offered to talk to the NK Armenians. Baku also says: I will speak on my own terms. Yerevan answers: these conditions do not satisfy us.

To think that Baku is being forced to negotiate with Stepanakert is a disconnect from reality. On the contrary we see, at least in the form of a policy of blackmail on the part of Baku, that Stepanakert is under pressure. In order for it to enter into a dialogue with Baku, within the framework of the logic that Baku puts forward.”


Borrell urges to develop a strategy in case of instability in Russia`

 19:48,

YEREVAN, JUNE 26, ARMENPRESS. The EU should develop a new strategy in case of instability in Russia, ARMENPRESS reports, citing "RIA Novosti", the head of EU diplomacy, Joseph Borrell, announced at the meeting of foreign ministers of the EU countries in Luxembourg.

"Developing a strategy for such a situation takes time and we will work on it. Everyone will analyze the possible scenarios of the development of the situation. It is clear that now our vision of Russia is completely different," he said.

Earlier, the foreign ministers of the EU countries discussed the latest developments in Russia and the Ukrainian conflict in Luxembourg and agreed to strengthen the military support to Kyiv.

Pashinyan says he rejected 19 October 2020 ceasefire offer because it envisaged extraterritorial corridor

 11:30, 20 June 2023

YEREVAN, JUNE 20, ARMENPRESS. Prime Minister Nikol Pashinyan has said that the 19 October 2020 proposed deal to end the Second Nagorno Karabakh War envisaged the deployment of peacekeepers in Meghri to ensure connection between the western regions of Azerbaijan with Nakhchivan, but he rejected the proposal because he did not approve for an extraterritorial corridor to be created in the territory of Armenia.

On 19 October 2020, the Russian President reiterated that they can try to end the war with a plan that had been developed by Russia years earlier. Pashinyan said he agreed to the idea, but a day later President Putin conveyed Azerbaijani leader Ilham Aliyev’s terms, including over Shushi.

A new idea was voiced in context of the October 19 offer, as an additional condition for ending the war. “The peacekeepers were supposed to be deployed not only in Karabakh and along the Lachin Corridor, but also in Meghri, to ensure connection between the western regions of Azerbaijan and Nakhchivan. I did not agree to this, I did not agree for a corridor, a layer not under Armenia’s control to emerge in Armenia’s territory. I said that I agree to a road but not a corridor,” Pashinyan said at the parliamentary select committee probing the causes and course of the 2020 Second Karabakh War.

The Armenian PM said he maintains the same stance – the roads must be opened, Azerbaijan’s western regions must have the opportunity of connection with Nakhchivan, but this cannot constitute an extraterritorial corridor, the road must be under Armenian sovereignty and jurisdiction.

“Thus, the 19 October proposal on ending the war envisaged the following terms, all seven regions were to be given to Azerbaijan, the NK status issue was to be left uncertain, the territories of NKAO that were lost at that moment were to remain under Azerbaijani control, while significant territories of NKAO were already under Azerbaijani control at that time. Shushi was to be surrendered to Azerbaijan [with guarantees that Azerbaijani refugees returning to Shushi, with Azerbaijan claiming that Azerbaijanis comprised 90% of the population of Shushi before the conflict], peacekeepers were to be deployed in Meghri and factually a corridor was to be created, that is, a layer beyond our control. I couldn’t agree to such conditions as much as I realized the severity of the situation. Looking back, I still couldn’t have agreed to it.”

Putin had said in an interview that under the October 19 option Shushi was to remain under Armenian control, but Pashinyan rejected the proposal.

Chess: Armenia win European Pairs Blitz Chess Championship on European Games sidelines

June 20 2023

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Armenia's Shant Sargsyan and Elina Danielian staved off competition from The Netherlands and Azerbaijan to win the European Pairs Blitz Chess Championship here.

The event which featured eight countries at the Kraków Opera House served as an accompaniment to the European Games in the Polish city and the surrounding Małopolska region.

European Chess Union President Zurab Azmaiparashvili of Georgia said prior to the Championship he was "happy chess will be part of the European Games for the first time", and using a pairs format marked an attempt "to build a model for our sport that will enable it to appear at the Olympic Games".

The International Chess Federation (FIDE) is recognised by the International Olympic Committee and chess is part of this month's inaugural Olympic Esports Series in Singapore, although it has never featured on the Olympic programme.

At the Championship in Kraków, matches were played to a time limit of three minutes per player plus two seconds per move.

Round-robins were held separately in the women and open categories to determine who advanced to the playoffs.

Danielian was ranked third after the women's round-robin behind Azerbaijan's Gunay Mammadzada and Israel's Marsel Efroimsk.

She won both games against Efroimsk to advance to the women's final, where she faced Mammadzada who came from behind to beat The Netherlands' Eline Roebers 2-1.

Danielian is 42nd in FIDE's women's rankings, with her opponent in the final Mammadzada 25th.

However, it was the Armenian who won both games to win the women's gold.

Sargsyan's run to the final in the open competition meant Armenia were crowned winners of the Championship with 15.0 points.

He won his semi-final with a draw and a win against Poland's number one player Jan-Krzysztof Duda, but lost both games in the final to The Netherlands' Benjamin Bok.

Azerbaijan's Shakhriyar Mamedyarov won both games against Duda for an individual bronze.

In the overall team standings, The Netherlands finished second with 14.0 points and Azerbaijan third with 13.0.

Poland, Romania and Spain all finished with 7.0, with Israel on 6.0 and Ukraine on 3.0.

The Kraków-Małopolska 2023 European Games Opening Ceremony is scheduled for Wednesday (June 21), with competition running until July 2.

A total of 29 medal sports are on the programme.