STAR Company Receives Credit To $3 Mln From HSBC Bank

STAR COMPANY RECEIVES CREDIT TO $3 MLN FROM HSBC BANK

ArmInfo
2009-03-16 09:57:00

ArmInfo. The biggest retail network of supermarkets, STAR, has
received a credit to $3 mln from HSBC Bank (London) with 5-year
repayment term. As Executive Director of STAR Vahan Kerobyan said,
the funds received by the Company at beneficial rates will be directed
to fulfill the liabilities to suppliers of the goods. According to
him, STAR schedules to start cooperating with suppliers on a line of
factoring. Moreover, this programme is already under development and
will be implemented jointly with the European Bank for Reconstruction
and Development (EBRD) and one of the local banks. "The factoring
has many advantages, and first of all, for our suppliers, that is
important for us", V. Kerobyan said. According to him, the programme
aims at timely crediting of suppliers at lower tariffs than those on
similar bank products. Moreover, STAR envisages to receive a credit
to $4.5 mln in 2009 from EBRD shareholder, in addition, part of these
funds will be directed to refinancing of the local banks’ short-term
credits, and the remaining part – to the capital investments for the
network development.

The management of STAR is currently negotiating with the International
Financial Corporation (IFC) for reception of long-term financing in
2009-2010 at the rate of about $8 mln.

To note, the authorized capital of STAR as of early February, 2009,
made up about $12.2 mln and the total capital – $20 mln. Today,
STAR network, which has been functioning since 1998, numbers 12
supermarkets (11- in Yerevan and 1 – in Hrazdan). STAR shareholders
are Henri Zakharyan (71,7%) and the European Bank for Reconstruction
and Development (28,3%).

Metro Views: The Morgenthau century

Jerusalem Post
March 15 2009

Metro Views: The Morgenthau century
By MARILYN HENRY

When Robert Morgenthau announced last month that he would retire as
Manhattan’s district attorney, it marked the end of a remarkable
era. Morgenthau, 89, was first elected to be Manhattan’s prosecutor in
1974.

His retirement also marks the end of nearly a century of public and
communal service by three generations of this esteemed New York
family.

Originally from among "Our Crowd" – non-Zionist Jews of German descent
– these three generations of Morgenthaus were mavericks and crusaders
on behalf of the weak and of victims of genocide.

Morgenthau’s grandfather, Henry Sr., was the American ambassador to
Turkey who protested the 1915 Turkish massacre of Armenians. "Why are
you so interested in the Armenians? You are a Jew; these people are
Christians," a Young Turk asked. "Why can’t you just let us do with
these Christians as we please?" But Henry Sr. was relentless, and to
this day is revered in Armenia for railing against the genocide.

And although Henry Sr. believed the Jews of America had found their
Zion here, he raised $50,000 within weeks in 1914 for some 80,000 Jews
who faced starvation because of the war blockade of Palestine.

Robert Morgenthau’s father, Henry Jr., was president Franklin
D. Roosevelt’s treasury secretary who, in 1944, accused the State
Department of "willful attempts to prevent action from being taken to
rescue Jews from Hitler." Roosevelt then created the War Refugee
Board, giving it special powers to rescue and aid Nazi victims. Yes,
it was too little, too late by the US government, but Henry Jr. made
certain the State Department was called to account.

WITH ROBERT Morgenthau’s retirement, there are accolades about his
work as a prosecutor; even his office’s successful convictions of the
wrong suspects are viewed in admiring terms for the ways in which
Morgenthau corrected legal errors. In a 2005 editorial, The New York
Times had opposed Morgenthau’s bid for reelection – saying he had
given Manhattan a "world-class" DA’s office but, after three decades,
it was time to go.

Four years later, when the DA announced he would not seek reelection,
the Times spoke of his legacy, commending Morgenthau in an editorial,
saying that "his core instincts about the need for fairness and
humanity in the law outweighed everything else."

This is the family’s legacy: fairness and humanity.

The art world is still reeling from Morgenthau’s exercise in fairness
in January 1998, when he detained two Egon Schiele paintings on
temporary loan from Vienna to the Museum of Modern Art in New
York. Two families claimed the paintings had been seized in Austria by
the Nazis. One painting is still the subject of a federal court
case. Morgenthau’s action put every museum in the world on notice that
it must review the artworks among its collection and identify those
that once belonged to Nazi victims.

"I didn’t view our involvement in the paintings as a Jewish issue. It
is a stolen property issue. Possession of stolen property is a crime,"
he told The Jerusalem Post at the time.

As a public servant of the Jewish community, Morgenthau is the
indomitable chairman of Manhattan’s Museum of Jewish Heritage, which
opened in 1997. Many thought it would never be built; but built it
was, at the southern tip of the city, blocks from the World Trade
Center, with the Statue of Liberty as a backdrop.

He saw the museum as "a symbol of the power of renewal after
catastrophe, and the ability of the Jewish people to survive and
endure." David Marwell, the museum’s director, recalled having lunch
with Morgenthau in 2001 shortly after the September 11 attacks. "He
told me to reopen the museum as soon as possible and to continue with
our plans to build the new wing," Marwell said. "He was confident
about the future at a time when that was a rare commodity."

Two years after September 11, the museum opened the "Morgenthau Wing."
The museum’s expansion was the first new construction project in Lower
Manhattan after the terror attacks. "This project began as the dust
was still being settled and quickly became an important part of
rebuilding Lower Manhattan – bringing jobs and restoring a sense of
normalcy," Mayor Michael Bloomberg said at the 2003
dedication. "Robert Morgenthau’s tenacity sent a message that our
spirit will not be crushed."

JEWS HAVE mixed sentiments about dynasties. In the past, the Court
Jews or the great banking and trading families were protectors, the
natural community leaders whose heirs also inherited communal
obligations. These days, however much we need and admire
philanthropists, we do not anoint them as kings whose children inherit
the realm.

The Morgenthaus were in a different class. The three generations were
talented public servants who balanced civic and communal roles with
principle, poise and passion. This past century was a perilous
one. The Morgenthaus were essential participants who went about their
missions, not with the exaggeration or grandstanding we have seen from
many communal officials, but with a dogged determination to do what is
right and just.

About 10 years ago, I interviewed Morgenthau for a profile. Among the
mementos, certificates and photos that covered every bit of space in
his office were artifacts from his navy days during World War II. One
– a hand-drawn "proclamation" decorated with a drawing of a mermaid –
commemorates that the USS Harry F. Bauer, on which Morgenthau was the
executive officer, "survived 79 days at Iwo Jima and Okinawa." After
another of his ships was torpedoed and sank, Morgenthau made a vow
while swimming in the Mediterranean, without a life jacket. If he
survived, he pledged, he would devote himself to public service.

Pledge honored. Honorably so.

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http://www.jpost.com/servlet/Satellite?cid=12

Georgian leader’s remarks not meant to offend Armenia – spokesperson

Mediamax, Armenia
March 10 2009

Georgian leader’s remarks not meant to offend Armenia – spokesperson

Yerevan, 10 March: Spokeswoman to the Georgian president, Alana
Gagloyeva, stated in an interview to Mediamax that "Mikhail
Saakashvili’s words were not meant to offend the Armenian government".

Alana Gagloyeva said this, commenting at Mediamax’s request on the
statement of the Georgian president on "collapse of Armenian economy".

"The speech of the Georgian president was related to concrete economic
events in the region. Since the national currency of Armenia was
devaluated, this, according to us, has influenced the economic
situation in Armenia on the whole. Mikhail Saakashvili also stated
that Georgia’s economy is more protected, since Georgia does not have
such volume of trade-economic relation with Russia, as Armenia
does. Thus, the words of the Georgian president were not meant to
offend the Armenian government," the spokeswoman stated.

Answering the question of Mediamax on whether the Georgian president
had really stated that "Armenia’s economy has collapsed", Alana
Gagloyeva said the following: "Most likely, the statement of the
Georgian president was misunderstood."

VivaCell-MTS Invests in Graduate Education of Youth in Armenia

RIA Oreanda, Russia
March 12 2009

VivaCell-MTS Invests in Graduate Education of Youth in Armenia

Yerevan. OREANDA-NEWS . March 12, 2009. The official opening of the
videoconferencing hall of the American University of Armenia was
held. The videoconferencing hall was sponsored by VivaCell-MTS.

VivaCell-MTS has provided AMD 60.6 mln of support for the
videoconferencing facility, which will be named for VivaCell-MTS.

The videoconferencing room comprises a set of interactive
telecommunication technologies which allow students and professors in
different locations to interact via two-way video and audio
transmissions simultaneously. Thanks to this innovative technology,
students and faculty of AUA can benefit from guest lecturers brought
into a class from another university though videoconference.

The official launch of the room was marked by the first
videoconferencing lecture in the new Paramaz Avedisian Building by
Dr. Michael Thompson from the University of North Carolina at
Charlotte, for students of the College of Health Sciences.

Through videoconferencing students can visit another part of the world
to speak with others which brings opportunities to students and
faculty from diverse communities and backgrounds to come
together. Scientists can collaborate with colleagues at other
universities on a regular basis without loss of time due to travel.

Bringing Armenia to the world and the world to Armenia is our aim. We
are responsible for developing highly skilled and flexible human
capital in Armenia. Application of up-to-date technologies in
education today is necessary if we want to compete effectively in
global markets. Nowadays we should be able to think globally. And
videoconferencing allows students from Armenia and their peers in
other countries to explore, communicate, analyze and share information
and ideas with one another, – VivaCell-MTS General Manager Ralph
Yirikian mentioned during the official opening.

The support of VivaCell-MTS for the videoconferencing hall in the
Universitys brand new state of the art campus building is appreciated
by the whole University community.

The VivaCell-MTS commitment to education in Armenia is exemplary and
demonstrates its direct continued support of the community," said AUA
President Haroutune Armenian. Support for the videoconferencing
equipment was provided by USAID in an earlier grant to the University.

Armenian-Turkish border may be opened after April 24?

PanARMENIAN.Net

Armenian-Turkish border may be opened after April 24?
14.03.2009 17:14 GMT+04:00

/PanARMENIAN.Net/ The negotiations, started in 2007 between Armenia
and Turkey, have neared the end, as informs Turkish Sabah. `Yerevan
and Ankara have agreed on establishing normal relations, and the
results of these negotiations are expected to be announced in April,
resulting in the opening of Armenian-Turkish border,’ as reports the
newspaper, emphasizing that Turkish authorities made it a condition
that the opening of Armenian-Turkish border will be possible after
April 24.

`The agreements reached in Bern provide the start for official
negotiations between Ankara and Yerevan regarding the establishment of
diplomatic relations and the opening of Embassies; the establishment
of double-sided committees on regulating Turkish-Armenian relations
and reviewing the problems of 1915 events by historians; the
discussions on the Kars treaty of 1921; the issue on the refusal of
territorial claims from Turkey, and also issues regarding the opening
of the border and establishing border trade,’ Sabah writes.

Another meeting was held between the diplomats of Armenia and Turkey
in September 2008. The deputy ministers of MFA, Turkey, Ertugrul
Apakan and Unal Chevikoz met with their Armenian colleagues in Bern,
where earlier private negotiations had been held in May and July.

Ankara and Moscow discuss the issue of Karabakh conflict

AZG DAILY #45, 14-03-2009

Karabakh conflict Update: 2009-03-14 00:54:51 (GMT +04:00)

ANKARA AND MOSCOW DISCUSS THE ISSUE OF KARABAKH CONFLICT

Translated by L.H.

Russian Foreign Minister Sergey Lavrov announced in Baku that
discussions are taking place between Ankara and Moscow about Karabakh
conflict settlement.

"Many countries of the world, including the countries of the region
are interested in speedy settlement of Karabakh conflict. We discuss
the subject with our Turkish partners", S. Lavrov told journalists
after the negotiations with his Azerbaijani counterpart Elmar
Mammadyarov.

According to Lavrov, the issue is discussed exclusively in the
framework of the OSCE Minsk Group Co-chairs’ mediation effort, and "no
one holds parallel discussions contradicting the format".

Minsk Group blames Azerbaijan on OSCE monitoring breakdown

Minsk Group blames Azerbaijan on OSCE monitoring breakdown

06.03.2009 13:45

Yerevan (Yerkir) – The Charge d’Affaires of the US Mission to the OSCE,
Kyle Scott, issued the following statement in the OSCE’s Permanent
Council on March 5 on behalf of the Co-Chairs of the OSCE Minsk Group,
Ambassadors Bernard Fassier of France, Yury Merzlyakov of Russia and
Matthew Bryza of the United States.

"The Minsk Group Co-Chairs condemn the shooting incident near Horadiz
along the Line of Contact on February 26, when shots were fired during
a monitoring mission carried out by the Personal Representative of the
Chair-in-Office Andrzej Kasprzyk. We call on the parties to adhere
scrupulously to the ceasefire and express our deep regret that over 30
people have died and 50 have been wounded in 2008 as a result of
ceasefire violations. We condemn in the strongest terms the violation
of the ceasefire during the course of an OSCE monitoring mission,
particularly given that local commanders provided written security
guarantees to the OSCE monitoring mission just prior to their
monitoring activities on February 26. We call for an explanation from
the parties for how such an egregious violation of the ceasefire could
have taken place.

We regret that not all of the parties agreed to the recommendation made
by the Minsk Group Co-Chairs at the Ministerial Council meeting in
Helsinki in December 2008 to pull snipers back from the Line of Contact.

We express full support and admiration for the work of Personal
Representative Kasprzyk and his team, and underline the importance of
monitoring the Line of Contact as a confidence building measure between
the sides."

RA Ministry of Defense: Armenia will not cut military service term

PanARMENIAN.Net

RA Ministry of Defense: Armenia will not cut military service term
10.03.2009 15:36 GMT+04:00

/PanARMENIAN.Net/ `Armenian Army introduced a number of reforms,
including rearmament and changes in the Army structure to provide
country’s security,’ Minister of Defense Seyran Ohanyan said during
the meeting with students and professors of Engineering and
Architecture University. He stressed that RA Ministry of Defense
attached great importance to instilling of patriotic spirit in the
youth. `Together with the Ministry of Education and Science we’re
planning to organize joint activities to provide closer insight into
the life of a soldier. Still, combat training of a soldier will always
remain our main priority.’

He added that Armenia does to plan to cut the military service
term. `Every citizen of Armenia should be honored to do his civil duty
and serve in the Army,’ Ohanyan emphasized.

Protection from computer viruses

A1+

Protection from computer viruses
[07:13 pm] 10 March, 2009

According to IBM technical expert Dennis Batrankov, automatic
transaction machines are the reason for the dangers of computer-based
banking systems in Armenia and worldwide.

Batrankov says that computer hackers are able to install special
devices that remember the PIN code of the ATM. Banks have started the
fight against them with new 3D type cards that are more protective.

According to Batrankov, there will be more virus attacks on the
banking system as technologies develop. There are viruses such as `cam
figer’, `kido’, which are so dangerous that even `Microsoft’ has
promised to grant a 250,000 dollar award to the person who can say the
name of the person who creates the `cam figer’ virus.

Batrankov has met with representatives of six Armenian banks,
including the administration of the RA Central Bank and has offered
nearly 120 remedies for securing the information security. Both sides
have shown interest and talks are underway.

Batrankov says that computer hackers are applying new methods to reach
their goals. They are even submitting letters in person instead of
sending letters via e-mail to know the password of the person’s
account.

`One of the most important principles of security is to not trust
anonymous people sending letters and to personally call the bank to
find out whether the password has changed or not,’ says
Batrankov. According to him, today’s antivirus programs reveal and
`cure’ the existing viruses, however they are not able to prevent new
types of attacks.

Protective, anti-virus systems, according to Batrankov, work
effectively only when the evil hackers don’t know about
them. Batrankov says that hackers mainly aim the viruses at certain
organizations and certain people. They know beforehand about the
security system installed at the organization and create a virus that
the mentioned system can’t find.

Batrankov adds that it is important for the bank to have computer
security workers to instill trust towards the bank and there are such
workers in some banks of Armenia.

BAKU: Turkey will not take even step contradicting Azerbaijan’s ints

Commander-in-c hief of Turkish Gendarmerie: Turkey will not take even a
step contradicting Azerbaijan’s interests

10 Mar 2009 11:42

Baku – APA. Commander-in-chief of Turkey’s Gendarmerie, Army General
Avni Atilla Isik met with Azerbaijan’s Defense Minister,
Colonel-General Safar Abiyev in Baku, Defense Ministry’s press service
told APA. They discussed the relations and development prospects
between Azerbaijan and Turkey in line with bilateral military
cooperation plan. They exchanged views on military-political situation
in the region and ways of solution to Armenia-Azerbaijan conflict.

Defense Minister Safar Abiyev told commander-in-chief of Turkish
Gendarmerie that Azerbaijani people were concerned over the media
reports about the expansion of relations and opening of borders
between Turkey and Armenia. Atilla Isik said Turkey would not take
even a step contradicting Azerbaijan’s interests.

http://en.apa.az/news.php?id=98514