Central Bank of Armenia: exchange rates and prices of precious metals – 27-07-22

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 17:40,

YEREVAN, 27 JULY, ARMENPRESS. The Central Bank of Armenia informs “Armenpress” that today, 27 July, USD exchange rate down by 1.58 drams to 407.85 drams. EUR exchange rate down by 1.40 drams to 414.17 drams. Russian Ruble exchange rate down by 0.19 drams to 6.79 drams. GBP exchange rate up by 0.67 drams to 491.95 drams.

The Central Bank has set the following prices for precious metals.

Gold price down by 72.23 drams to 22554.47 drams. Silver price down by 3.77 drams to 243.11 drams. Platinum price stood at 16414.1 drams.

Higher inflation in Armenia speaks about additional inflation influenced by Russian economy- America

25.07.2022 19:55

YEREVAN, July 25, /ARKA/. The impact of foreign trade and remittances along with high rate of dollarization in savings makes exchange rate very important factor for the Armenian economy, according to the quarterly macroeconomic report ‘Impact of Regional Exchange Rates on Inflation’ released by Ameria advisory firm.

According to the report, in 2015-2019 AMD had the most stable exchange rate to USD among regional currencies (standard deviation to mean was less than 1%). During 2020, due to Covid-19 and Artsakh war and uncertainty after, AMD depreciated by 8.9% vs USD which was still one of the lowest indicators in the region: GEL: 15%, RUB: 20%, BLR: 24%, TRL: 25%, KZT: 10%.

AMD appreciated against USD up to pre-Covid level exchange rate in 2021. More or less stabilized economy and expectations (slowdown of post-war shock) along CBA measures (to mitigate inflation) and increased remittances and export (also due to copper price increase) supported AMD.

Another instability period for exchange rates started in 2022 after the start of Russian-Ukrainian conflict in late February. Most currencies in the region faced depreciation in February-March, mainly brought by depreciation of ruble, but since March 2022, the currencies have appreciated against USD.

There is linear trend between exchange rate and inflation change indicators: the higher depreciation of a currency, the lower inflation.

The largest outlier is Russia, where the largest appreciation of the currency accompanies with comparably large inflation. This is because other factors such as sanctions limited import and created deficit.

Without considering Russia (regression is stronger: R2=0.75), Armenia’s inflation is much higher taking into account the trendline for the region. In all other equal, current appreciation of AMD vs USD should have brought to much lower inflation. Higher inflation in Armenia (also in other countries which are above the trendline), speaks about additional inflation influenced by Russian economy. -0-


Glendale International Film Festival Returns In-Person in September

 

2022 Glendale International Film Festival flyer

Glendale Arts Producing and Presenting the 8th Edition of GIFF As Part of Film Week Glendale

GLENDALE—Following a one-year hiatus, the Glendale International Film Festival has returned under the management of Glendale Arts. From Thursday, September 29 to Thursday, October 6, GIFF audiences will convene in person for Film Week Glendale—eight days of screenings, special events, Q&A sessions, and panel discussions; a film, screenplay, and student competition and awards ceremony; and networking opportunities with industry professionals.  

Now in its eighth year, the Glendale International Film Festival is a celebration of the cinematic arts – spotlighting the powerful medium of film, the creative artists who make them, and the moviegoing experience. GIFF Board President Justin Smith is pleased that the festival will continue following founder Velvet Rhodes’ passing in 2020 and expand its reach under Glendale Arts.

“It’s been a long road getting to this point from 2020 when we lost Velvet and hosted the festival in a virtual format. We’re thrilled that GIFF is returning in person this year and for Glendale Arts, our long-time non-profit partner, to take the reins on the festival. We’re looking forward to bringing filmmakers and filmgoers together and welcoming past and new members of the growing GIFF community,” Smith stated.

The Glendale International Film Festival, which has been ranked in the Top 100 Best Reviewed Festivals in the World on submission platform FilmFreeway, is based in Glendale, CA, the fourth largest city in Los Angeles County (population: 200,000) and home to a robust business and creative sector. This year’s growing list of GIFF sponsors include Kiwanis of Glendale, Athens Services, City National Bank, Laemmle Theatres, Glendale Community College, Kilter, and Simple DCP.

The Glendale Arts producing team, CEO Nina Crowe and COO Maria Sahakian, shared their excitement about helming the City’s premier film event, stating: “The Glendale International Film Festival has tremendous value for both the local economy and the creative artists who live in, work in, and do business in Glendale and surrounding cities. We’re leveraging Glendale Arts’ extensive history of producing and managing large-scale productions to design a dynamic festival centered around building connections and collaboration among filmmakers, audiences, and our community.”

GIFF sponsorship opportunities are currently available through Glendale Arts. Sponsorship packages range from $250 to $10,000, include a host of marketing and event access benefits, and are customizable to suit each sponsor’s goals. Contact Glendale Arts CEO Nina Crowe at [email protected] or 818-243-2611 to become a GIFF sponsor.

Mark your calendars to attend GIFF from September 29-October 6, 2022. Screenings will take place at Laemmle Glendale and Glendale Community College. The full event and programming lineup, ticket on-sale details, and additional information will be announced in August 2022 on the website and on Facebook, Instagram, and Twitter at @GlendaleIFF.  

For more information about the Glendale International Film Festival, contact Glendale Arts COO Maria Sahakian at [email protected] or 818-243-2611.

Launched in 2014 by actress, writer, producer, director Velvet Rhodes, the Glendale International Film Festival (GIFF) is dedicated to spotlighting emerging and established independent films and filmmakers from around the world. Find out more by visiting the website or @GlendaleIFF on Facebook, Instagram, and Twitter.

Glendale Arts is a 501(c)3 non-profit organization whose mission is to generate opportunities throughout greater Los Angeles to showcase, promote, encourage, and engage with the arts. Find out more at GlendaleArts.org or @GlendaleArtsCA on Facebook, Instagram, and Twitter.

Armenia-Azerbaijan border delimitation, security commissions’ meeting to be held in August

News.am 
Armenia – July 18 2022

YEREVAN. – The meeting of the commissions on border delimitation and border security issues between Armenia and Azerbaijan will take place in Moscow in August. This was reported by the office of Deputy Prime Minister Mher Grigoryan of Armenia.

It added, however, that there is still no final agreement regarding the exact date of this meeting.

Armenia investment reform roadmap presentation held in Yerevan

NEWS.am
Armenia –

The presentation of the roadmap of investment reforms of Armenia took place in Yerevan. Armenian Economy Minister Vahan Kerobyan, and USAID/Armenia Mission Director John Allelo also attended this event.

This aforesaid roadmap covers the key domains of investment climate improvement, including investment effectiveness, investment policy, incentives, institutional system, as well as investment promotion and facilitation—as such.

Based on the roadmap of investment reform, and with the support of the USAID program on improving the business climate in Armenia, the latter’s Ministry of Economy has developed the draft of the investment policy concept, and this draft is currently under discussion.


PM Pashinyan, Rosatom Director General discuss opportunities of building new nuclear power plant in Armenia

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 17:18,

YEREVAN, JULY 12, ARMENPRESS. Prime Minister of Armenia Nikol Pashinyan received Director General of the Russian state corporation “Rosatom” Alexey Likhachev, the PM’s Office said.

During the meeting PM Pashinyan said that the Armenian-Russian cooperation in energy sector has a rich agenda, and Rosatom is the Armenian government’s main partner in the field of nuclear energy.

Pashinyan highly valued the role of the corporation in the extension of the term of operation of the second energy unit of the Armenian Nuclear Power Plant and expressed confidence that the mutual partnership will be effective also in the future.

Alexey Likhachev thanked for the close cooperation and said that Rosatom is interested in effectively cooperating with the Armenian government in coming years as well.

During the meeting the sides discussed issues relating to the further operation of the Armenian NPP’s 2nd energy unit, the opportunities of building new nuclear power plant in Armenia, the development of nuclear energy, as well as the cooperation in renewable energy sector.

Baku, Yerevan draw their positions closer on various aspects of resumption of transport communication in South Caucasus

ARMINFO
Armenia – July 6 2022
Marianna Mkrtchyan

ArmInfo. The trilateral working group for unblocking all the economic and transport links in the South Caucasus is discussing the resumption of railway and highway  service in the interests of Azerbaijan, Azerbaijan and their  neighbors, Alexey Zaitsev of Russia' foreign office reported as he  informed journalists of the Russian-Armenian-Azerbaijani agreements  on the unblocking of transport links via Armenia's Syunik province. 

The trilateral group co-chaired by the Russian, Armenian and  Azerbaijani vice-premiers continues working. 

In this context, Mr Zaitsev reported some progress in the wake of the  group's 10th meeting in Moscow, June 3, and due to contacts on the  sidelines of thee Saint Petersburg International Economic Forum. 

 "The parties could draw their positions closer on various aspects of  resumption of transport communication. The trilateral group is  discussing the resumption of railway and highway service in the  interests of Azerbaijan, Azerbaijan and their neighbors. The  co-chairs will inform mass media of the results after they reach  concrete agreements," Mr Zaitsev said.

As regards the OSCE Mink Group co-chairmanship, the Russian official  said that Russia stated its position at the June 22 briefing. 

The working group co-chaired by Armenian Vice-Premier Mher Grigoryan,  Russian Vice-Premier Alexey Overchuk and Azerbaijani Vice-Premier  Shahin Mustafayev held its 10th meeting in Moscow, June 3.

"Armenia, Russia and Azerbaijan drew their positions closer on border  control and other types of control, as well as on safe movement of  citizens, vehicles and cargoes along highways and railways via  Armenia and Azerbaijan. The vice-premiers discussed possible routes  of a highway between thee western regions of Azerbaijan and  Nakhichevan via Armenia. The parties will continue the work to  implement the agreements between the Russian, Armenian and  Azerbaijani leaders on unblocking of thee transport links in the  region," thee statement read.

All four resolutions by U.N. Security Council recognize Artsakh – David Babayan

ARMINFO
Armenia – June 20 2022
Marianna Mkrtchyan

ArmInfo.The loss of Artsakh will result in unpredictable and radical changes in the geopolitical landscape of the South Caucasus, Foreign Minister of the Nagorno-  Karabakh Republic (NKR) David Babayan stated at the presentation of  the book entitled "Karabakh conflict and foreign policy of Republic  of Artsakh." 

According to him, whether Artsakh exists or does not exist, and  whether it is part or nor part of Azerbaijan really matters. 

"Loss of Artsakh will result in unpredictable radical changes in the  geopolitical landscape of the region, which will form an entirely  different global situation. I am not exaggerating. Even small points  are crucial for the region's future, including in the global  respect," Mr Babayan said. 

In this context, he suggests imagining that Artsakh is no more. In  this case, one of the policies that will be dominating in the  Transcaucasus is Pan-Turkism, which will cause further processes,  such as expansion of Pan-Turkism into Central Asia, Northern Caucasia  and Near East, as far as China. 

"That would create a radically different situation. And the most  important thing is that we realize geopolitics has its own rules. We  have entered an era of barefaced geopolitics, with norms and ideology  being of secondary importance. But it does not mean we should not  know our past and future. At present many of us do not know what  Artsakh and Karabakh is. Who is to blame – the superpowers or the  Turks?  So we ourselves must understand our strong and weak points,"  Mr Babayan said. 

He recalled the four resolutions by the U.N. Security Council  Azerbaijan is appealing to and interpreting in its own way. 

"But all the four resolutions by the U.N. Security Council recognize  Artsakh as an entity. If Azerbaijan claims they contain points on  territorial integrity, the same documents recognize Nagorno-Karabakh  as an entity. It is written there in black and white that the local  Armenian forces are independents of either Armenia or Azerbaijan. And  we must speak of that," Mr Babayan said. 

Armenian-Azerbaijani border delimitation on agenda of FM Lavrov, President Aliyev talks




  • JAMnews
  • Baku

Aliyev and Lavrov discussed border delimitation

During the meeting of Azerbaijani President Ilham Aliyev with Russian Foreign Minister Sergei Lavrov, the parties discussed the issue of unblocking transport communications between Azerbaijan and Armenia. The issue of border delimitation between the two countries was also discussed. “There are specific proposals”, Lavrov said.


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Russian Foreign Minister Sergei Lavrov is visiting Baku. He arrived to Azerbaijan from Iran, where he held meetings with the leadership of the Islamic Republic.

As soon as he landed in the capital of Azerbaijan on Thursday evening, Lavrov met with President Ilham Aliyev.

Speaking at a meeting with the head of the Russian Foreign Ministry, Azerbaijani President Ilham Aliyev noted that his country’s position “is aimed at establishing long-term peace in the region.”

Ilham Aliyev received Russian Foreign Minister Sergei Lavrov. Baku, . Photo: AzərTAc

“I am sure that the efforts that we are making will also be positively received by the Armenian side, and the long-term confrontation will be put to an end. Our proposal to start work on a peace treaty has so far remained unanswered, but we still hope that this proposal will be positively received”, Aliyev said.

The Azerbaijani leader touched upon the work of the trilateral working group chaired by the vice-premiers of Russia, Azerbaijan and Armenia, calling it positive.

“We hope that there will also be practical steps in the implementation of the November 2020 declaration in the context of opening communications and ensuring unhindered access for Azerbaijani cargo and citizens to communicate with the Nakhichevan Autonomous Republic, which is a legal obligation of the Armenian side. But, unfortunately, more than a year and a half after the end of the second Karabakh war, this paragraph of the declaration has not yet been fulfilled”, he said.

“The trilateral working group on unblocking communications, in our assessment, is making some progress. We are discussing the issues to be agreed upon with the Armenian side. And it seems to me that we have a common understanding of how to solve the problem of organizing car traffic in the most comfortable way, so as not to create any artificial obstacles. Russia will contribute to this work until results are achieved. I hope this will happen soon,” the Russian Foreign Minister said.

Lavrov also raised the issue of delimiting the borders between Azerbaijan and Armenia:

“In accordance with other agreements, we are also ready to provide advisory services to the work through two commissions that were created in Azerbaijan and Armenia for the delimitation and demarcation of borders. There are specific proposals in this regard.

The head of the Russian Foreign Ministry also announced his country’s readiness to assist in the process of negotiations on a peace treaty between Azerbaijan and Armenia.

“You mentioned the normalization of relations, the peace treaty, the provisions of the future treaty that you conveyed. By the way, we heard the readiness of the Armenian side, Prime Minister Pashinyan, to negotiate on this topic. Here, too, we are ready to provide assistance with the consent of Azerbaijan and Armenia”, he added.

https://jam-news.net/armenian-azerbaijani-border-delimitation-on-agenda-of-fm-lavrov-president-aliyev-talks/