The Double Edge of Livestreaming in Our Communities

Rev. Samuel Ajemian delivering his sermon at St. Stephen’s Armenian Apostolic Church, January 30, 2022 (Photo: Tamar Kanarian)

As the cloud of the COVID pandemic slowly and stubbornly fades from our daily lives, our communities are returning to public events. It is similar to a community reappearing after a storm that drove everyone indoors and forced an unnatural state of isolation. The pandemic forced us to explore new ways of working, eating, socializing and communicating. The aftermath of COVID is analogous to a tide receding or a swamp draining and the discovery of what remains in the absence of the water. Humans have an instinct for survival that has been a hallmark for centuries. The threats to our survival, whether natural or man induced, have always given birth to new branches that adjust to these obstacles. It is called the continuum of our civilization. During this most recent viral challenge, we were forced to abandon many of our natural behaviors – socialization and communication. The advancement of technology played a major role in providing alternatives in order to continue some semblance of our economy and social relations. There is nothing that replaces the quality of face-to-face contact, but in its absence, tools were available that enabled much needed interfacing. New words were quickly added to our daily vocabulary such as “Zoom” and “streaming” that became important methods of maintaining some semblance of normalcy.

The Armenian community in the United States and elsewhere was, of course, severely hampered in its mission of providing spiritual, educational and social services to the general population. Almost overnight, traditional gatherings that we often took for granted, such as bazaars, badarak, Sunday School and cultural events were canceled for a period of time and slowly reappeared with significant constraints. Social distancing, vaccines, masks and other protocols, unheard of a year earlier, became a daily practice in order to restart what had been shuttered. Our communities have slowly returned to a likeness of the previous state as we learn to live with COVID in our society.

As the tide recedes, many of the protocols and alternatives have been retired as public buildings and cultural centers reopen. My wife and I have personally witnessed the cancellation of a Broadway show, attending with masks and vaccination cards, masks only and now a relatively unconstrained activity. In our communities, it has been challenging to find a protocol that the populace is comfortable with since our communities are diverse in age and views. Our institutions have done an admirable job of following local and state guidelines to return to public events and celebrate badarak. In a situation as complex as COVID, there will always be a variety of opinions as to whether our policies were overly restrictive or lenient. At the end of the day, individuals make their own decisions based on their comfort levels and the slow return of our infrastructure reflects that struggle. 

What has remained in our churches and many organizations is the ability to “livestream” the event on Facebook or some other platform. When the pandemic emerged in early spring 2020, the use of streaming technology was a lifesaver to provide programming to a community that had been suddenly cut off from a conditioned routine. I will offer two such examples. The ability to livestream badarak on a social platform allowed the church to engage the faithful, albeit virtually, and to minimize the number of live individuals (essentially the priest, altar servers and choir). As we learned more about how to contain the virus, certain protocols were introduced, such as distancing, masks and controlling Holy Communion, to allow the return of the faithful. In a relatively short period of time, virtually all parishes in the region began offering livestreaming of the badarak with in-person protocols. The use of this technology was tremendously beneficial, not only for the continuity of providing a spiritual outlet, but also for providing access to the badarak for those unable to participate. Imagine the joy for those who cannot get to a church to be able to hear the sweet hymns and participate in praising our Lord according to the traditions of the Armenian church. The one area that cannot be fulfilled with virtual attendance is the receiving of the Holy Eucharist. There have been opportunities, however, when the priest will subsequently visit to offer communion to the individuals. Of course, with the introduction of any technology, there is the risk that it will be used in unintended ways. During the peak of COVID, the majority of those attending badarak used the virtual method. As a return to in-person services began, many did not return either out of fear or general convenience. We have to keep in mind that everyone’s comfort level with this virus operates at different levels. Unfortunately during the pandemic, we got very used to being at home for everything. People who had hardly heard of Netflix became routine “binge watchers.” Using our computer to attend badarak was the only option and for many has become a habit that’s hard to break. The church has struggled with this in my view. On the one hand, a great service is being provided to those previously removed. In fact, on any given Sunday morning, you can pick a number of churches “to attend.” This week, I’ll “go” to the cathedral in New York and next week my home parish…all from my living room.

When the mobile phone was introduced, it began as a wonderful option for emergencies and other necessary communication. It has evolved into an extended appendage for most people who cannot function without instantaneous responses to the latest text. A valid question to ask is whether the livestreaming is also constraining in-person attendance while opening other doors. A paradox? This is a very serious question that requires the leadership of the church to analyze and perhaps introduce some adjustments to keep it focused on the benefit.

Another example in our community is live programming. When the pandemic hit, livestreaming was expanded by the National Association for Armenian Studies and Research (NAASR) as the singular method of providing programming on Armenian Studies. Prior to the virus, there had been limited use of the technology. Its application exploded during the most constrained days of COVID and revealed some interesting results. With live programming no longer held at NAASR’s Vartan Gregorian Building in Belmont, lecturers and panelists could participate from their homes, thus reducing expenses and simplifying the administrative process. Additionally, those attending could register from virtually anywhere in the world where internet access was available. As a result, the number of programs and participation significantly increased. As a result of feedback mechanisms, there seemed to be no appreciable reduction in quality or attendee satisfaction. This has been attributed to the improvement in internet quality, functionality of the Zoom platform (seminar format, Q&A function, etc.) and ability to literally maintain all the experiences of an in-person function except face-to-face contact. This process contributed to an explosion in the programming offering, new collaborative options and an exciting use of resources from around the globe (including Armenia, Artsakh and Europe). The new NAASR building remained closed while this programming expansion took place. In April, the center reopened to programming and other public activities. At this point, it is referred to as “hybrid,” in that both in-person and livestreaming are offered. The question remains as to what the impact is of livestreaming events for people who are able to attend at the center. There is no doubt that the expansive benefits are clear as new audiences are receiving the benefit of the technology. Will the in-person attendance return to pre-pandemic levels in addition to the geographically diverse audience? That would be a clear win for the technology and the incremental benefit for the mission of Armenian studies. We will see in the coming academic year as hybrid programming is fully implemented.

It is a tribute to the resilience of our communities that they responded and adapted in such a manner. Armenians are very traditional, and change is difficult. But, we are also survivalists who have an instinct for adapting when threatened. There is no playbook for the COVID or post-COVID period. We are feeling the effects of reaction as we see supply chain shortages and staffing issues across the board in our nation. Those who anticipate correctly emerge stronger from this debacle. It is critically important for our communities to return to a robust state with in-person participation. It is equally important to embrace the improvements we have discovered during these dark days. We have found ways to reach new audiences. It is up to us to maintain the gains while recovering what we have lost. We have discussed in this column new educational methods to link the home and Sundays with technology. Now would be an opportune time to take what we have learned into new programs that address our pre-COVID challenges (which are still there). If we choose to, we can almost view the post-COVID window as resetting the clock to address new ideas as our infrastructure was frozen for a period. This is not a time for us to breathe a sigh of relief that this is over, and we can return to the old ways. To varying degrees, the old ways are gone. The “new” normal is here. 

The challenge for our community leaders is to accept the new opportunities created by technology while retaining the traditional audiences. Difficult times always reveal silver linings if we look hard enough. Our alternative methods of functioning gave us the ability to reach new segments of our scattered nation. This is a blessing that should not be lost by simply returning to pre-COVID norms. These discoveries will strengthen our communities. It is a double edge dilemma, but incremental gains come with the need for creativity. Technology should not be used as a means to make us less interactive or less communal. It is a tool for improving communication where obstacles such as distance and physical limits have prevented access. This must be emphasized so we don’t become a community of remote participants. It should not be an “either or.” We should embrace this as a challenge and advocate for growth and prosperity.

Columnist
Stepan was raised in the Armenian community of Indian Orchard, MA at the St. Gregory Parish. A former member of the AYF Central Executive and the Eastern Prelacy Executive Council, he also served many years as a delegate to the Eastern Diocesan Assembly. Currently , he serves as a member of the board and executive committee of the National Association for Armenian Studies and Research (NAASR). He also serves on the board of the Armenian Heritage Foundation. Stepan is a retired executive in the computer storage industry and resides in the Boston area with his wife Susan. He has spent many years as a volunteer teacher of Armenian history and contemporary issues to the young generation and adults at schools, camps and churches. His interests include the Armenian diaspora, Armenia, sports and reading.


Under auspices of NATO, Armenian servicemen developed mountain trainings in Georgia

ARMINFO
Armenia –

ArmInfo. Military personnel from Armenia take part  in the courses of the Sachkhere School of Mountain Training named  after Colonel Besik Kutateladze after a four-year break.

The course is held within the framework of the NATO Partnership for  Peace program. In addition to the military personnel of Armenia,  Georgian, American, Polish, Latvian and Lithuanian military personnel  took part in it.

According to the Ministry of Defense of Georgia, the summer basic  mountain training course under the NATO Partnership for Peace program  will last three weeks.

The last time the Armenian side took part in such courses was in  January 2018. 

Azerbaijanis moving cross-stone on road of Berdzor

NEWS.am
Armenia –

Goris Today published a video showing Azerbaijanis moving a cross-stone on the Berdzor road.

According to the source, the new road bypassing the city of Berdzor, which is being built by Azerbaijanis, will pass through this section, starting near the village of Kornidzor in Syunik and passing through the villages of Hinshen and Metshen in Artsakh, ending in Lisagor.

Armenpress: Ruling Civil Contract faction starts procedure of suspending powers of Ishkhan Saghatelyan and Vahe Hakobyan

Ruling Civil Contract faction starts procedure of suspending powers of Ishkhan Saghatelyan and Vahe Hakobyan

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 19:24,

YEREVAN, JUNE 28, ARMENPRESS. The Civil Contract faction, which forms the majority in the National Assembly, made a decision to start the procedure of suspending the powers of Vice President of the National Assembly Ishkhan Saghatelyan and Chairman of the Standing Committee on Economic Affairs Vahe Hakobyan, ARMENPRESS reports MP Emma Palyan from the ruling party wrote on her Facebook page.

Asbarez: Kristina A. Kvien Nominated as U.S. Ambassador to Armenia

Kristina A. Kvien


President Joe Biden nominated Kristina A. Kvien for the position of United States Ambassador Extraordinary and Plenipotentiary to the Republic of Armenia, the White House reported in a release on Thursday.

Kvien arrived at the U.S. Embassy Kyiv in May 2019.  From 2016 to April 2019, she served as Acting DCM/Minister Counselor for Economic Affairs at U.S. Embassy Paris.    

Previously, Kvien served as Acting DCM and Economic Counselor at U.S. Embassy Bangkok, Thailand; Economic Counselor at U.S. Embassy London; and Director for European Union, Ukraine, and Belarus Affairs at the National Security Council in the Executive Office of the President.  Kristina has also served at U.S. Embassy Moscow, Russia; the U.S. Mission to the European Union in Brussels, Belgium; and the U.S. Embassy Manila, Philippines.  At the Department of State in Washington, DC, Kristina worked on European Union issues and on bilateral relations with Slovenia.

On a related diplomatic matter. the U.S. Ambassadors to Armenia, Georgia and Azerbaijan Lynne Tracy, Kelly Degnan and Lee Litzenberger discussed U.S. policies and programs in the three states, the message distributed on the page of the U.S. Embassy in Armenia on Facebook reads.

At the U.S. Ambassadors Conference in Washington, the three ambassadors exchanged views around U.S. policies, programs in Armenia, Georgia, Azerbaijan, and their coordination.

They underscored the U.S.’s commitment to strengthening engagement, supporting independence and promoting a safer, more stable and prosperous future for the people of the region.

Lavash: Tradition meets innovation in Austria’s first Armenian restaurant

CREME GUIDES
Wednesday,
Pomegranate wine. The first and only thing that came to my mind when I thought of Armenian cuisine. Harutyun Hakobyan and his mother Narine opened Lavash to combat this (because many people in this country feel the same way I do). Their mission: to bring the "taste of Armenia" to the plate and familiarise the Viennese with the cuisine of the small Caucasus country.

Lavash – here comes the first lesson of the evening – is the name of the thin bread that is ubiquitous in Armenia and has been a UNESCO World Heritage Site since 2014. Also indispensable: nuts, cereals, legumes, many herbs and, yes, the pomegranate also appears in many dishes – as a raw fruit or as a syrup, the "balsamic of Armenia", as Harutyun says.

This is also the case in the beetroot tartare we get as a starter. Fresh and creamy thanks to sour cream (lesson two: sour things like yoghurt and co. play a significant role in Armenian cuisine), topped with crunchy beetroot and accompanied by crispy baked lavash wedges.

"When you eat Armenian food, you travel 2500 years back in time," says Harutyun. It is one of the oldest cuisines in the world, he says. Mama Narine gives these traditional dishes a modern makeover, serving the classic Armenian dolma (vine leaves stuffed with beef and vegetables) with yoghurt-garlic foam instead of simple sauce.

Narine Manukyan has worked as a cook in Tyrol for over 20 years, most recently as head chef in an Austrian restaurant. But for a long time, she and her son dreamed of having their own restaurant. She is proud of the traditional cuisine of her home country and especially proud that they have opened the country's first Armenian restaurant with their Lavash.

Her eyes light up when she talks about food. About their recipes, which "all come from the family, from grandmas and great-grandmas". About personal kitchen secrets and creative ideas that distinguish her dishes and make them unique. If you like, you can watch her cooking in the small open kitchen where she is busy (all alone!). "I don't trust anyone," she says with a laugh. "That's why I have to cook everything myself."

Good thing, I think to myself as I take the first spoonful of her spas. Spas is a yoghurt-based soup with hulled wheat, fresh herbs, pomegranate seeds and lavash chips – one of the most traditional Armenian dishes. It is lukewarm, which suits this summer evening wonderfully. The combination of yoghurt and wheat may sound unusual (to our palates) but makes perfect sense taste-wise. We use the soft flatbread to scrape the last bits out of the bowl.

With the soup, we drink white wine from the Karas winery: behind it is a family that returned to its Armenian homeland after many years in Argentina to make innovative wines. Wine culture in Armenia goes back many thousands of years. "Many people think of sweet wines first," Harutyun says. I was no different. But, and here comes the subsequent learning, "In the last ten years, the wine landscape has completely reinvented itself."

The result is wines like Kraki Ktor, made from the local Kangun grape variety, which tastes of bitter orange, and is fruity but not a bit sweet, rather mineral, as the vines grow in the volcanic soil around the sacred Mount Ararat.

Mount Ararat is the national symbol of Armenians – you can find it in their passports, on their coins, on their football shirts – even though it is no longer on Armenian soil but on Turkish ground. Armenia, squeezed between Georgia, Azerbaijan, Iran and Turkey, was under foreign rule for a long time. Again and again, they had to cede territories to neighbouring countries, and to this day, there are border disputes. As a result, many people have left the country.

That is why the kitchen is so important as a symbol of identity, says Harutyun. Mother and son not only want to pass on their country's culinary heritage but also want to do a little cultural mediation work. Do I know any famous people from Armenia? He asks me before the main course? I have to pass. And I learn that the singer Cher, the French chansonnier Charles Aznavour and the Kardashians all have Armenian roots. The first Viennese coffee house was also opened by an Armenian in 1685.

After this little history lesson, Harutyun brings our main courses: Butter-soft, juicy aubergines stuffed with minced meat and tomato sauce. As a vegan variant, the Garni yarakh is also available with bulgur. Just one of many plant-based dishes on the menu here.

Our second main course, Tsaghkazart, is also vegan: baked flower cabbage with roasted nuts, pomegranate seeds, fresh herbs and creamy cashew sauce. This, too, is a modern creation by chef Narine, which – like everything from her kitchen – comes beautifully presented to our table.

Our evening ends with sweet puff pastry ("handmade, of course") and thick yoghurt, matured overnight like labneh. It is accompanied by Armenian brandy (which I had never tasted before!) and finally, a glass of pomegranate wine.

OPENING TIMES

Tuesday to Saturday: 11:00am – 10:00pm

At lunchtime there is a separate menu with small, quick lunch dishes

ADDRESS

Lavash


Hamerlingplatz 2
1080 Vienna-district 8
.How to get there

CONTACT

[email protected]
+43 660 202 1111
.lavash.at

Top IT executive raises shortage of 4,000 professionals in Armenia

June 15 2022

PanARMENIAN.Net - In Armenia, there is a shortage of 4,000 professionals in the IT sector, which at the moment cannot be filled, Dr. Yervant Zorian, Chief Engineer and President of Synopsys, told the conference Science & Business Days 2022 in Yerevan on June 15, Sputnik Armenia reports.

He explained that it was for this reason that projects that could potentially be implemented in Armenia end up in other countries instead. Zoryan noted that there is a shortage of personnel in technology companies around the world.

"Specialists coming to Armenia today can partially fill the gaps, but many come with their own companies, so the deficit still exists. For the development of technologies, diversity is necessary in everything," Dr. Zorian said..

"Our company employs 18,000 people in total, more than 1,000 of them are in Yerevan. It is gratifying that there is an influx of personnel from abroad today, but work must be done not only in universities, but also in schools."

He noted that about 40% of the employees Synopsys Armenia are women and stressed the need to increase their role in technology development.

Armenpress: Holding Armenian captives by Azerbaijan is a gross violation of international law. Armenian FM to OSCE PA President

Holding Armenian captives by Azerbaijan is a gross violation of international law. Armenian FM to OSCE PA President

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 20:38,

YEREVAN, JUNE 16, ARMENPRESS. Foreign Minister of Armenia Ararat Mirzoyan received the delegation led by the President of the OSCE Parliamentary Assembly Margareta Cederfelt.

As ARMENPRESS was informed from the press service of the MFA Armenia, Minister Mirzoyan stressed the role of the OSCE as the largest regional security organization, praised the cooperation with the OSCE Parliamentary Assembly as a parliamentary platform for ensuring comprehensive, indivisible security in the OSCE area of responsibility.

Foreign Minister Ararat Mirzoyan and the President of the OSCE Parliamentary Assembly Margareta Cederfelt agreed that the visit of the delegation is a good opportunity to outline new opportunities for mutually beneficial cooperation.

During the meeting, the Armenian side presented the positions on the Nagorno Karabakh conflict settlement process, as well as the work carried out to normalize the relations between Armenia and Azerbaijan.

The Armenian Foreign Minister stressed that despite Azerbaijan's claims that Nagorno Karabakh no longer exists, that there is no Nagorno Karabakh conflict, there is a general consensus among the international community that the Nagorno Karabakh conflict remains unresolved.

Ararat Mirzoyan also stressed that the Nagorno-Karabakh conflict should find a comprehensive settlement within the framework of the only internationally authorized mediation mandate, the OSCE Minsk Group Co-chairs’ format.

The Armenian Foreign Minister expressed concern over the continuous anti-Armenian and belligerent rhetoric of the Azerbaijani authorities, provocative actions against Armenia and Nagorno Karabakh. He condemned Azerbaijan's continued statements about aspirations towards the sovereign territory of Armenia, which seriously question the sincerity of Azerbaijan's statements on achieving peace in the region.

Ararat Mirzoyan drew the interlocutors' attention to the fact that in gross violation of the norms of international humanitarian law, Azerbaijan continues to hold Armenian prisoners of war and civilians hostage, as well as pursues a targeted policy of destroying and distorting Armenian religious and cultural heritage in the territories that passed under its control after the 44-day war. In this context, the importance of practical steps by the international community to fully address these urgent issues was emphasized.

AW: Border demarcation has “nothing to do” with Artsakh, Pashinyan says

Armenian PM Nikol Pashinyan pictured during his interview with Al Jazeera (Photo RA Prime Minister’s Office, June 14, 2022)

Armenian Prime Minister Nikol Pashinyan said that the delimitation of the Armenia-Azerbaijan border will not resolve the Artsakh conflict in a June 13 interview.

“The commission for border delimitation has nothing to do with the Nagorno-Karabakh (Artsakh) issue,” Pashinyan said during an English-language interview with Al Jazeera during an official visit to Qatar, calling the settlement of the conflict the “most important and urgent issue between Armenia and Azerbaijan for peace in our region.”

He expressed his “hope that we will be able to establish diplomatic relations and open the border between Armenia and Azerbaijan, which is closed for 30 years.”

In addition to border delimitation and demarcation, Pashinyan identified the normalization of bilateral relations and the opening of regional transport and communication links as the “three tracks” between Armenia and Azerbaijan that are not connected to the Artsakh conflict. 

Armenia and Azerbaijan have been engaged in ongoing negotiations toward a peace treaty for the past six months. The peace agreement will include mutual recognition of each other’s sovereignty and territorial integrity, according to a set of principles proposed by Azerbaijan and accepted by Armenia. Armenia has also said that securing the rights and freedoms of the Armenian population of Artsakh is fundamental to a peace treaty. 

Yet Azerbaijani President Ilham Aliyev has repeatedly stated that the Artsakh conflict has been resolved. Following the first meeting of a bilateral commission to demarcate the Armenia-Azerbaijan border on May 24, Aliyev said that the border demarcation process will recognize Azerbaijan’s sovereignty over Artsakh. 

“It automatically puts an end to the territorial claims made against Azerbaijan by revanchist, fascist forces in Armenia, because if we define the borders, what kind of ‘Nagorno-Karabakh’ status can we talk about?” Aliyev told the press on May 27. “This is the territory of Azerbaijan, and the whole world accepts it. Therefore, the first meeting of the commissions on the delimitation of the Azerbaijani-Armenian border is of great importance.” 

Pashinyan and Aliyev agreed to create a trilateral commission to demarcate and delimit the Armenia-Azerbaijan border during a November 26 summit in Sochi hosted by Russian President Vladimir Putin. However, the commission was not launched until the spring, following a trilateral meeting with European Council President Charles Michel in Brussels on May 23. 

Armenian deputy prime minister Mher Grigoryan and his Azerbaijani counterpart Shahin Mustafayev were appointed the heads of the commission and held their first meeting on May 24 at an undisclosed location along the Armenia-Azerbaijan border. The commission heads agreed to hold a second meeting in Moscow and a third meeting in Brussels. 

During the interview with Al Jazeera, Pashinyan also responded to Aliyev’s repeated call for the establishment of a corridor free of passport or customs controls connecting Azerbaijan to its exclave the Nakhichevan Autonomous Republic. 

“The narrative of the wording of a so-called corridor is unacceptable for us. It is a red line for us,” Pashinyan said. “We have one corridor in our region, and this is the Lachin corridor connecting Nagorno-Karabakh with Armenia.”

The trilateral group working on opening transport and communication links held its first meeting in six months on June 3. Grigoryan, Mustafayev and Russian deputy prime minister Alexei Overchuk “discussed and coordinated positions on borders, customs and other types of control, as well as safe travel by residents, vehicles and cargo on automobiles and railroads.”

While commenting on the meeting one week later, Russian Foreign Minister Sergey Lavrov said that the control process governing the highway route connecting Azerbaijan and Nakhichevan will be “simplified.” 

“The railway route has been agreed upon. Now they are close to agreement on the highway route and the control process there to be established. It will be simplified but certainly based on the recognition of the sovereignty of Armenian territory. There can be no ambiguities here,” Lavrov said during a joint press conference following a meeting with his Armenian counterpart Ararat Mirzoyan in Yerevan.

Aliyev has repeatedly called for the creation of a Zangezur corridor. On the morning of a December 14 trilateral meeting in Brussels hosted by Michel, Aliyev said that the Zangezur corridor should operate similarly to the Lachin corridor connecting Armenia and Artsakh. Russian peacekeepers have been deployed along the Lachin corridor since the signature of the November 9, 2020 ceasefire declaration to guarantee secure passage between Armenia and Artsakh. 

While speaking with the press on May 27, Aliyev said that while “Armenia has always tried to prevent” the opening of the Zangezur corridor, the outcome of the trilateral meeting in Brussels endorsed its launch. 

The statement released after the meeting stated that the leaders had “agreed on the principles governing transit between western Azerbaijan and Nakhichevan, and between different parts of Armenia via Azerbaijan” regarding “border administration, security, land fees but also customs in the context of international transport” without identifying what those principles are. 

On May 31, Michel’s spokesperson released a statement clarifying the position of the European Council. 

“Connectivity was specifically discussed in Brussels on May 22 to advance opportunities for unblocking the region. In this context, both parties confirmed there were no extraterritorial claims with regard to future transport infrastructure. Speculation to the contrary is regrettable,” the statement reads

Lillian Avedian is a staff writer for the Armenian Weekly. Her writing has also been published in the Los Angeles Review of Books, Hetq and the Daily Californian. She is pursuing master’s degrees in Journalism and Near Eastern Studies at New York University. A human rights journalist and feminist poet, Lillian's first poetry collection Journey to Tatev was released with Girls on Key Press in spring of 2021.


Armenia Central Bank forecasts 12-month inflation will gradually decrease

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 16:14,

YEREVAN, JUNE 14, ARMENPRESS. The Board of the Central Bank of Armenia decided to keep the refinancing rate unchanged during today’s session, setting it at 9.25%, CBA Governor Martin Galstyan said at a press conference, stating that in May 2022, the 12-month inflation has increased, comprising 9.0%. The 12-month normal inflation has also increased, comprising 8.4%.

Martin Galstyan said that the Russian-Ukrainian conflict continues negatively impacting the economic and financial market developments of Armenia’s main partner countries.

“Continued disruptions of world value chains and constant increase in prices in international commodity markets lead to the expansion of global inflationary environment. The central banks of developed countries are announcing a tightening of a monetary-credit policy at relatively faster rates. Therefore, the inflationary impact from the external sector on Armenia’s economy is still maintained”, he said.

The CBA Governor said that the high activity of the Armenian economy is maintained in the second quarter of 2022. The major inflow of foreign visitors and the growth in domestic private spending contribute to the increase in services and the whole demand. This leads to the expansion of the overall inflationary environment and the increase in inflationary expectations. The major growth in export of Armenian services and the financial inflow contributes also to the devaluation of the dram in the exchange market. The latter is assessed to have a positive effect in easing the domestic inflationary environment.

“In such situation the Board finds it appropriate to keep the policy rate unchanged”, he said, adding: “It is forecast that the 12-month inflation will gradually decline and approach the targeted 4% in the medium-term horizon”.