Author: Emma Jilavian
Democracy will lead to overcoming conflicts in region, Armenian Prime Minister says
10:14,
BERLIN, FEBRUARY 13, ARMENPRESS. The OSCE Minsk Group Co-Chairmanship negotiations process for the settlement of the Karabakh conflict must be preserved, Prime Minister of Armenia Nikol Pashinyan said during a meeting with German academics and experts at the Friedrich Ebert Foundation in Berlin.
“It is an exclusive negotiations format where the cooperation of Russia, USA and France exists. It is due to this cooperation that the relative calm is being maintained in the region for more than 25 years,” Pashinyan said when asked about the OSCE Minsk Group format.
Regarding the EU’s factor, the PM noted that civil institutions can actively work with colleagues in Karabakh.
“It is strange for me that the EU, being the advocate of protection of human rights and democracy, but civil society representatives don’t have a cooperation format with representatives of the Karabakh civil society. It is said that there are problems regarding Karabakh’s status. I’m saying, let’s assume Karabakh’s status is unclear, but is there any doubt regarding the status of the people living in Karabakh? Does anyone say that the protection of human rights and development of the people living in Karabakh doesn’t fit in the context of human rights protection? I believe that EU countries can support this process,” Pashinyan said.
Pashinyan underscored that democracy is one of the important components of the NK conflict settlement, and that democracy itself will lead to overcoming conflicts in the region.
A representative of the Azerbaijani community of Berlin, who was present at the meeting, asked the Armenian PM when he will be able to return to his father’s home, claiming that he doesn’t have the opportunity to do so today.
“You know, there is the Shahumyan Region, where Armenians lived until 1990. Today, thousands of Shahumyan residents are unable to return to their homes because Shahumyan was subjected to ethnic cleansing. The situation that we have today, the status quo that we have, is the result of simply one thing – the Armenians of Karabakh wanted and want to defend their right to live. They didn’t try and aren’t trying to do harm to anyone, to deprive homes, they wanted to defend their right to live,” Pashinyan said.
He also addressed an observation claiming that Armenia is heading towards Europe. “Armenia isn’t heading anywhere. Armenia is where it always was. We continue being in our place,” Pashinyan said.
Edited and translated by Stepan Kocharyan
Asbarez: ANCA Shares Advocacy Priorities with Philadelphia’s Armenian, Hellenic Communities
Encourages Greater Civic Engagement and Closer Coalition Ties to Advance Shared Priorities
WASHINGTON—The Administration’s attacks on Artsakh aid, the growth of U.S.-Armenia aid and trade, and the recent Senate and House passage of Armenian Genocide legislation (S.Res.150 and H.Res.296) took center stage at a series of community and coalition briefings in Philadelphia, hosted by Armenian and Hellenic organizations, reported the Armenian National Committee of America.
ANCA Government Affairs Director Tereza Yerimyan and Programs Director Sipan Ohannesian offered a 360-degree review of the ANCA’s advocacy agenda and youth empowerment programs including the upcoming ANCA Rising Leaders Conference, which is set for March 22nd to 24th, the ANCA Leo Sarkisian Summer Internship Program and Maral Melkonian Avetisyan Fellowship, and the Hovig Apo Saghdejian Capital Gateway Program. Yerimyan and Ohannesian also encouraged broader participation in the ANCA Rapid Responder Program, an innovative initiative – now over 10,000 strong – that ensures timely, hard-hitting, and high-impact community support for ANCA action items.
On the policy front, Yerimyan and Ohannesian emphasized the challenges facing continued Artsakh assistance and encouraged community members to reach out to their Senators and Representatives. This alert empowers activists to call for the Fiscal Year 2021 foreign aid bill to include $10 million in Artsakh assistance and $90 million in Armenia aid. U.S. assistance to Artsakh, a core ANCA priority since 1997, is needed to continue the life-saving de-mining work of The HALO Trust and rehabilitation efforts like those provided by the Lady Cox Rehabilitation Center in Stepanakert. De-mining assistance has increasingly become the target of Administration officials, based, in part, on the claim that these funds are needed to “prepare the Azerbaijani and Armenian populations for peace.”
“It was wonderful to visit with Philadelphia’s active Armenian and Greek communities to share our advocacy priorities and discuss how we can increase our collective voice in the Halls of Congress,” said Yerimyan. “I look forward to working with our regional and local ANCA teams to organize Capitol Hill advocacy trips and increase participation in our ANCA Rapid Responders program.”
“The ANCA is committed to helping students and recent graduates begin their policy, politics, or media careers in Washington, D.C. – and there is no better way to share the message of our youth empowerment programs than through community and campus visits,” said Ohannesian, who is organizing series of presentations to Southern states in the upcoming months.
The visit to the City of Brotherly Love started with a Friday evening, January 24th presentation at St. Gregory’s Seroonian Center dinner hosted by the Philadelphia ARF Gomideh, followed by a robust question and answer session about the ANCA’s efforts on next steps deal.
On Saturday, Yerimyan joined Dr. Peter Stavrianidis, Louis Katsos, and Paul Pavlakos, Supreme President of the Sons of Pericles, on a panel discussion focusing on the “Christian/Greek Genocide During the Late Ottoman Period (1894-1924),” organized by the Order of American Hellenic Educational Progressive Association Hercules – Spartan Chapter #26 and the AHEPA Hellenic Cultural Commission in Association with Eastern Mediterranean Business Cultural Alliance. Yerimyan called special focus to the longstanding campaign to secure proper Congressional reaffirmation of the Armenian Genocide, the near-unanimous passage of S.Res.150 and H.Res.296, which included reference to the genocides committed against the Armenians, Greeks, Assyrians, Chaldeans, Syriacs, Arameans, Maronites, and other Christians.
On Sunday, Yerimyan was joined by ANCA IT Director Nerses Semerjian for an after-Mass presentation at the Holy Trinity Armenian Apostolic Church in Cheltenham, where the ANCA was welcomed by Rev. Hakob Gevorgyan and enthusiastic parishioners. The ANCA offered special thanks to parishioners Ashot and Ayida Petrosyan, who generously donated copies of “The Chronicles of Karabakh,” a magnificent picture book detailing the history of the Artsakh, for distribution to elected officials and libraries.
The ANCA Washington, D.C. and Regional teams are always available to share Armenian American advocacy priorities and methods to expand civic engagement in communities across the U.S. To invite ANCA representatives to your community or church event, please email the ANCA at [email protected] or call 202.775.1918.
Travel: Notes from Armenia
Picking an accommodation option that sits cheek-by-jowl with a primary school is always a risky proposition. One that is fraught with countless somnolence-threatening annoyances. From loud, early morning assembly calls and mid-day playground cacophony to afternoon marching band practice, the ultra-light sleeper in me has encountered it all.
But my recent stay at a family-run B&B in Yerevan — the pink-hued capital of Armenia — that shares a wall with one of the city’s most popular public schools, showed me another, more surprising facet to Armenian academia. One that struck a home run in more ways than one…
Chess in school
With one of the most ambitious school chess programmes in the world, the chess-obsessed nation has made the game a compulsory subject on the national curriculum. An initiative of the then Armenian President Sersh Sargsyan — who was also president of the Armenian Chess Federation — since 2011, children studying in grades two to four have two weekly chess lessons that are graded just like any other school subject. And just like the one next door, these classes are often conducted in school playgrounds that have sets of purpose-built concrete chess tables in a designated corner.
To keep up with this new demand, Armenia now has more than 4,000 qualified chess teachers in its school system, besides national champions like Levon Aronian as visiting faculty. The once number-two chess grandmaster in the world, also known fondly as Armenia’s David Beckham, today regularly coaches kids in chess at schools across the country. Interestingly, a 2009 BBC World Service report titled Armenia: the cleverest nation on earth shows that with its population of a little over three million, Armenia is among the world leaders in chess, with one of the highest numbers of chess grandmasters per capita.
Grandmaster Tigran Petrosian
So, where and how did it all begin for this Armenia-chess love affair? Curious, I visit the Tigran Petrosian Chess House — the ‘Ground Zero’ of all things chess in the Caucasian state. Nestled on Yerevan’s leafy Khanjyan Street and built in the early1970s in the typical Soviet brutalist architectural style, the building is named after the Soviet Armenian grandmaster Tigran Petrosian, who became the World Chess Champion in the 1960s.
Here, I learn that although chess was institutionalised during the early Soviet period, the country has always had a historical love of the game that goes way back to the Middle Ages. This was proved with the discovery of an ancient chess set in the citadel of Dvin, the medieval capital of Armenia, in 1967.
At Yerevan’s imposing grey basalt Matenadaran museum of manuscripts, a digital copy of Shatrang: The Book of Chess (1936) by Joseph Orbeli and Kamilla Trever tells me more as it augments the India-Armenia chess connection. Called chatrang, a word derived from the Sanskrit term chaturanga, which translates to ‘four arms’ (representing elephants, horses, chariots, and foot soldiers), chess apparently came to Armenia from India via the Arabs in the 9th century, when Armenia was under Arab rule.
“Shakh yev mat,” is a victory cry I hear all of a sudden as I settle down with my 200-dram (₹30) blueberry softy cone at a bench outside the Moscow Cinema on Yerevan’s arterial Abovyan Street, next to a giant pedestrian chess set. But then, the Armenian equivalent of “checkmate!” is something I’ve been hearing at almost every public square and city park I’ve sauntered past in the last few days. There’s probably nary a public space in Yerevan that doesn’t have at least a couple of chess tables, with players of all ages hunched over an intense game of chatrang.
On a free walking tour of Yerevan, as a passing shot, our guide Varko lets us in on a little-known chess world secret. As it so happens, Garry Kasparov, the former Soviet grandmaster, and easily the world’s best ever chess player, is of Armenian heritage, though he was born in Baku, Azerbaijan. Apparently, his original surname was Kasparyan — with the ubiquitous finale of an Armenian surname, which usually end in “ian” or “yan”.
The Mumbai-based writer and restaurant reviewer is passionate about food, travel and luxury, not necessarily in that order.
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Book: Mankato creative writing prof’s widely praised book pairs Armenian genocide and pro wrestling … really
When Chris McCormick was growing up in California, his mother’s large Armenian family passed down a story about how his great-grandfather hid in a tree and watched his father beheaded by Turks in western Armenia.
“This story was a very specific personal anecdote, the nitty-gritty of history,” McCormick said, explaining one of the inspirations for his widely praised novel, “The Gimmicks.”
McCormick, an assistant professor of creative writing at Minnesota State University, Mankato, has successfully pulled off the feat of pairing the Armenian genocide that began in 1915 with — wrestling.
If this sounds grim, it isn’t. His story of two men who love the same woman, set against the backdrop of memories of the genocide, is sometimes funny and always heartfelt in its themes of brotherly love and love between men and women, injustice, personal and national identity and what happens to unrequited pain. His sprawling cast of characters range from old Armenians to traveling wrestlers who all have a “gimmick,” a persona that dictates how they dress and behave in their roles as good guys or baddies.
The novel’s intricate plot bounces from Kirovakan, Soviet Armenia, in 1973, to California during the Cold War, to the 1988 earthquake that devastated Armenia.
We follow Arvo and Ruben, cousins who are close as brothers. Arvo is huge, good-natured and joyous, a man to whom people are drawn. Ruben is a backgammon whiz, thin, serious, bespectacled, reminding people of a little old man. Both boys love Mina, a backgammon champ who’s slated to compete in a major tournament. Before that happens, Arvo does something that will haunt the trio for years.
Ruben joins the Armenian Secret Army for the Liberation of Armenia, a political extremist group that wants to punish Turks for massacring between 600,000 and 1.5 million Armenians in the last days of the Ottoman Empire. To this day, the government of Turkey denies the killings amounted to genocide and it is illegal in Turkey to talk about what happened to Armenians during that era. (Last December the U.S. Congress recognized the massacres as genocide but Pres. Trump refused to use that word, instead referring to the deaths as “mass atrocities.”)
Arvo spends time in the Armenian Secret Army but revenge isn’t his thing, and he heads to California where he becomes a wrestler known as The Brow Beater for his unibrow. He’s managed by an old former wrestler, Terry “Angel Hair” Krill, a delightful character who narrates parts of the story after Mina seeks him out to learn what happened to the cousins.
This book didn’t come easily for McCormick.
“I had to constantly revise, write and rewrite for five years to understand exactly what happens and then, the big revelation as storyteller, the introduction of Angel Hair as the reluctant narrator,” he said. “His voice helps me create momentum and suspense.”
McCormick graduated from the University of Michigan with a degree in creative writing. His story collection “Desert Boys” won the 2017 American Library Association’s Stonewall Book Award. While he was at the university he met poet/essayist Mairead Small Staid, who works at the Mankato public library. They will be married in May in Ann Arbor.
When McCormick finally began “The Gimmicks,” he knew he wanted to write about genocide.
“I grew up with that legacy as a huge part of my understanding of lack of justice in the world, the cruelty,” he says. “But I didn’t want to write about the genocide directly. Even the best fiction about the topic has this explanatory tone, where they want to prove it happened. I wanted more exploratory than explanatory, allowing the reader to participate rather than just receive information. I set the story generations after the genocide to show the legacy of its denial. I wanted it to be tonally complex, raising the question of what happens to pain when it is denied for generations, when your pain is called fake.”
And that’s where the wrestling theme came to him: “I was thinking about how to get into the question of denied pain in a way that was not so direct and suddenly had the idea to put professional wrestling in the mix.”
Here’s how he explains linking genocide and wrestling:
“Turkey’s denialism — its accusation that Armenians are lying about how our families died — is a fiction built to protect itself from a painful shame. It’s that element of performance — creating a fiction to avoid dealing with the painful truth — that interested me, and I got to thinking about different kinds of pain and performance. It occurred to me that professional wrestling — which I’d grown up watching at the same time I was learning about my family’s history with the genocide — could be connected to this question. Wrestling makes explicit what we’re all doing, all the time: telling stories about ourselves. The performed pain in wrestling is played big for the back rows to see, and so it’s easily dismissed as ‘fake,’ but I was curious about what happens to the real pain lying beneath the performance, the pain of slowly losing sight of the line between the fictions we put on and the reasons we start believing in those fictions in the first place.”
Setting the novel two generations after the genocide allows McCormick to explore the characters’ different feelings about the deaths of thousands.
“How much do we owe the past and how much to balance the future is the central tension in the book,” he says.
Ruben does horrible things for the extremist group in his unrelenting need for revenge. Mina believes “Dwelling on history was a luxury reserved for people who didn’t have present demands. … She never said it, for fear of causing further pain, but she wanted — very badly wanted — to move forward already.”
And big, friendly Arvo, McCormick says, “is a little bit cowardly” in his inability to choose between Ruben’s and Mina’s paths. “He sees both sides as having valuable points.”
McGuire has had several events promoting “The Gimmicks,” and he enjoys seeing audiences that are split 50/50, some interested in the Armenian side of his story and some the wrestling side.
“The book feels like a mirror of my own split identity,” he says, recalling his childhood. “It was surprising to people that I was Armenian. I looked like friends who never heard of Armenia. I had this entire culture at home, different food, language, music, but nobody had known that. As a kid I didn’t know where I belonged. As I’ve gotten older I’m trying to think of it as less split and more duality of spirit.”
McGuire frequently had to explain the Armenian genocide to American friends, which isn’t surprising given how little history of other countries is taught in American schools.
“I didn’t learn about it in school myself,” he admits. “It’s interesting to think about what we do learn in history. What is framed as relevant and what irrelevant changes over time. To quantify which tragedies are more important than others is a crass and sad thing to do. The genocide was a huge news story in the U.S. when it was happening. It was the central story as Pres. (Woodrow) Wilson began our life as international world leader in World War I. “ ‘Don’t leave food on your plate because Armenians are starving’ was a colloquialism.”
“To some degree it’s not their fault. There is so much suffering it’s not possible to expect people to know everything. I hope my book will lead some readers to at least understand what happened.”
- What: Chris McCormick reads from “The Gimmicks”
- When/where: 7 p.m. Wednesday, Feb. 5; Next Chapter Booksellers, 38 S. Snelling Ave., St. Paul
- Admission: Free
- Publisher/price: Harper, $27.99
Sports: UEFA Futsal Euro 2022: Armenia outscores Montenegro
The Armenian futsal team competed with Montenegro at Sport Vlaanderen Herentals Stadium in Herentals in the second round of the Group B championship for Euro-2022 in Belgium.
Armenia outscored Montenegro 3-1. The goals were scored by Sargis Margaryan, Garegin Mashumyan and Davit Aslanyan, and Marco Spasoyevich was the only one who scored a goal for Montenegro.
During the second match of the round, at 11:30 p.m. Yerevan time, the Belgian team will compete with the Scottish team.
Armenia NGO president: Health minister casts his secret decision on provincial governors
RFE/RL Armenian Report – 01/24/2020
Friday, January 24, 2020 Investigator Denies ‘Political Persecution’ Of Sarkisian January 24, 2020 • Naira Bulghadarian Armenia -- Artashes Mailian, a senior official from the Special Investigatory Service, speaks to RFE/RL's Armenian service. A senior law-enforcement official dismissed on Friday defense lawyers’ claims that corruption charges leveled against former President Serzh Sarkisian are politically motivated. The Special Investigative Service (SIS) indicted Sarkisian in early December. It said that he “organized the embezzlement by a group of officials” of 489 million drams (just over $1 million) in government funds allocated in 2013 for the provision of subsidized diesel fuel to farmers. The SIS claimed that Sarkisian interfered in a government tender for the fuel supplier to ensure that it is won by a company belonging to his longtime friend, businessman Barsegh Beglarian, rather than another fuel importer that offered a lower price. It also charged Barseghian and three former government officials during the investigation completed two weeks ago. All five suspects deny the accusations. In a statement released earlier this week, Sarkisian’s lawyers insisted that the accusations are baseless and are part of his “political persecution” by the current Armenian authorities. Artashes Mayilian, a senior SIS official who led the probe, dismissed those claims as a mere defense tactic. “I have still not heard … any clarifications as to what exactly makes the case political,” he told RFE/RL’s Armenian service. Mayilian also disputed the lawyers’ assertion that Sarkisian enjoys constitutional immunity from prosecution. “As it stands, the former president of Armenia does not have the right to immunity in connection with that particular deed,” he said. The high-profile case is reportedly based on former Agriculture Minister Sergo Karapetian’s incriminating testimony against the ex-president. Karapetian and his former deputy Samvel Galstian are among the five suspects in the case. Sarkisian’s Republican Party of Armenia (HHK) has also condemned the charges as politically motivated. It says that the ex-president is prosecuted in retaliation for his public criticism of Prime Minister Nikol Pashinian. Sarkisian, who ruled Armenia from 2008-2018, accused Pashinian’s government of jeopardizing democracy and stifling dissent in a November speech at a congress of the European People’s Party held in Croatia. He had kept a low profile since resigning in April 2018 amid Pashinian-led mass protests against his continued rule. Pashinian has repeatedly implicated Sarkisian, his family and political entourage in corruption both before and after coming to power in the “Velvet Revolution.” Armenian Constitutional Court Head’s Home Searched January 24, 2020 • Marine Khachatrian Armenia -- Constitutional Court Chairman Hrayr Tovmasian talks to reporters outside his home searched by law-enforcement officers, Yerevan, January 24, 2020. Investigators searched the Yerevan apartment of Hrayr Tovmasian, the chairman of Armenia’s Constitutional Court, on Friday one month after indicting him on charges which he rejects as politically motivated. They did not confiscate any documents kept there, according to Tovmasian and his lawyers. Tovmasian was charged with two counts of abuse of power. Prosecutor-General Artur Davtian said late last month that he unlawfully privatized an office in Yerevan and forced state notaries to rent other premises “de facto” belonging to him when he served as Armenia’s justice minister from 2010-2014. Tovmasian strongly denies the accusations, saying that they are part of the Armenian government’s intensifying efforts to force him to resign. The chief justice claimed that officers of the Special Investigative Service (SIS) raided his home for the same reason. “The current authorities are seeking to quickly get rid of me as chairman of the Constitutional Court, and that is being done in a very crude and open manner,” he told journalists after the search. Tovmasian stressed that he has no intention to step down and remains undaunted by the possibility of his arrest. “It’s my cross which I have to bear,” he said. His lawyers claimed, meanwhile, that the search was conducted illegally because the SIS investigators failed to give their client a copy of the search warrant issued by a Yerevan court. The SIS was quick to deny that. The law-enforcement agency has brought the same charges against Norayr Panosian, a former Justice Ministry official related to Tovmasian. He too denies them. Panosian was arrested in late September. Armenia’s Court of Appeals freed him in early November, questioning the credibility of the charges. The SIS altered them before arresting Panosian again on January 9. The Armenian government and investigators maintain that there are no political motives behind the high-profile case. Prime Minister Nikol Pashinian implicitly demanded in August the resignation of Tovmasian and other Constitutional Court judges who were installed before he came to power in the 2018 “Velvet Revolution.” He accused them of maintaining links with Armenia’s former leadership and impeding reforms which he says are aimed at creating a “truly independent judiciary.” Pashinian’s critics say that he is on the contrary seeking to gain control over all Armenian courts. Tovmasian was indicted on December 27 one day after President Armen Sarkissian signed into law a controversial government bill giving seven of the nine Constitutional Court judgesfinancial incentives to resign before the end of their mandate. None of those judges has accepted the proposed early retirement so far. Opposition Leader Slams Government For Blocking Corruption Probe January 24, 2020 • Karlen Aslanian Armenia -- Bright Armenia Party leaders Edmon Marukian (R) and Mane Tandilian at a joint news conference in Yerevan, March 27, 2019. Opposition leader Edmon Marukian on Friday continued to condemn the Armenian authorities for blocking a parliamentary into Yerevan’s municipal administration and said they will pay dearly for their stance. “The key thing is that for the first time after the [2018] revolution they took such a high-level step back from democracy,” Marukian told RFE/RL’s Armenian service. “They will not get away with this step. I promise you that the authorities will regret it.” Marukian’s Bright Armenia Party (LHK) demanded such an inquiry last month after a member of the Yerevan city council affiliated with it, Davit Khazhakian, exposed expensive donations made to the municipality. Khazhakian claimed that private firms donated dozens of garbage collection trucks and other equipment in return for construction permits issued by Yerevan Mayor Hayk Marutian. Marutian, who is allied to Prime Minister Nikol Pashinian, strongly denied such a quid pro quo. The LHK collected in December a sufficient number of signatures in the Armenian parliament for the creation of an ad hoc commission tasked with investigating “corruption risks” in the mayor’s office. The parliament’s pro-government majority refused to give the green light for the commission’s activities on Wednesday, however, sparking a bitter war of words between senior lawmakers representing the LHK and Pashinian’s My Step bloc. My Step parliamentarians said that Armenian law does not allow the National Assembly to interfere in the work of local government bodies. They said such a commission can only be set up by the city council. Pashinian personally endorsed this position. Marukian again dismissed the official rationale for not investigating the municipality, saying that the authorities simply “decided to save their teammate” from an embarrassing corruption scandal. “These people are increasingly losing their heads,” charged the leader one of the two opposition groups represented in the current parliament. “They are blindly going forward, thinking that the people’s trust is unlimited and perpetual and that they can do anything they want.” Marukian also complained that Pashinian’s political team has failed to reciprocate what he described as the LHK’s goodwill towards it. He said his party has turned blind eye to many of the current government’s failings for fear of a potential “counterrevolution” in Armenia. From now on it will be far more outspoken in challenging government policies, added the LHK leader. Armenian Bank Issues $300 Million Eurobond January 24, 2020 • Sargis Harutyunyan Armenia -- Ardshinbank's chief financial officer, Davit Sargsian, speaks to RFE/RL, January 24, 2020. One of Armenia’s largest commercial banks has issued a $300 million Eurobond to foreign investors at a yield of 6.5 percent, citing “positive” economic trends in the country. Ardshinbank announced the sale of the 5-year dollar-denominated bonds on its website on Thursday. It is largest ever foreign borrowing operation carried out by an Armenian bank. Ardshinbank’s chief financial officer, Davit Sargsian, said on Friday that the bank launched the bond issue after holding a series of meetings with Western investors in New York, London, Zurich and Munich last year. Sargsian said that robust economic growth in Armenia was a key factor behind Ardshinbank’s deicision to attract the relatively low-interest funds from abroad. “Expectations among our bank’s analysts and foreign analysts are positive for 2020 as well,” he told RFE/RL’s Armenian service. Sargsian also linked the deal to Armenia’s third $500 million Eurobond issue announced by the government in September. Prime Minister Nikol Pashinian hailed Arshinbank’s “unprecedented” deal late on Thursday. “This is a foreign direct investment in our economy,” he wrote on Facebook. “This is a vivid reflection of our economic revolution.” Deputy Prime Minister Tigran Avinian said, for is part, that Ardshinbank’s external borrowing indicates foreign investors’ growing interest in the Armenian economy. “This is also a very positive signal in terms of the development of the capital market,” Avinian told RFE/RL’s Armenian service. As of late December, Ardshinbank held 678.6 billion drams ($1.4 billion) in combined assets. Reprinted on ANN/Armenian News with permission from RFE/RL Copyright (c) 2020 Radio Free Europe / Radio Liberty, Inc. 1201 Connecticut Ave., N.W. Washington DC 20036. www.rferl.org