Author: Mike Maghakian
168: Convers Bank has commenced placement of bonds in three currencies (photos)
The first placement of Converse Bank’s bonds in 2018 started on April 26th. Along with AMD and USD bonds, Euro bonds have been issued as well.
The total volume of the issued AMD bonds is 3 billion AMD, with 9.5% coupon rate per annum. The total volume of the issued USD bonds is 10 million USD, with 5.25% coupon rate per annum. Lastly, the total volume of the issued Euro bonds is 5 million Euro, with 4% coupon rate per annum.
The maturity period of the bonds issued in all three currencies is 36 months instead of the previously noted 24 months maturity. The coupon payment frequency is semi-annual.
Placement of the bonds will be completed on September 1, 2018 and will be followed by listing of the bonds on the corporate bonds platform of the NASDAQ OMX Armenia OJSC stock exchange, for trading in the secondary market.
The bonds are guaranteed by the private individuals banking deposit guarantee fund.
For details please follow the links: https://conversebank.am/en/amdbondsnewissue/,
https://conversebank.am/en/usdbondsnewissue/, https://conversebank.am/en/eurbondsnewissue/.
Armenia needs social and political reforms, says president’s adviser
May 07, 21:20 UTC+3 YEREVAN
YEREVAN, May 7./TASS/. Armenia needs social and political reforms, president’s adviser Tevan Poghosyan told TASS on Monday.
"We must all change and realize that if we have become a country which has the supremacy of the statute law, a lot depends on our actions," Poghosyan said, urging the society and political forces to work towards reforming the country.
Poghosyan was appointed adviser to President Armen Sarkissian on May 4. In 2012, politically uncommitted Tevan Poghosyan was elected to the country’s parliament from the opposition Heritage Party, having a parliamentary seat until 2017.
Mass opposition rallies broke out in Armenia on April 13. Ten days later on April 23, Armenia's then-newly appointed Prime Minister Serzh Sargsyan resigned amid the ongoing unrest. Deputy Prime Minister Karen Karapetyan was appointed as Acting Prime Minister. Two days later, the ruling parliamentary coalition collapsed following the exit of the Dashnaktsutyun party.
On May 1, Armenia’s parliament rejected opposition leader Nikol Pashinyan’s bid to become prime minister. Pashinyan was backed by 45 lawmakers, but failed to obtain the 53 seats he needed to have a majority. After that, he called on his supporters to continue large-scale civil disobedience actions.
Turkish press: Armenians protest as acting leader suggests new elections
- 15:50:24
Police took up positions in the center of the Armenian capital on April 25 as tens of thousands of people protested against the ruling elite and the acting prime minister suggested new parliamentary elections to defuse the political crisis.
“The fight is not over!,” said 21-year-old Susana Adamyan, one of the demonstrators, who was clutching a placard calling on people to take a stand as policemen looked on.
Other protesters, many of them young people, held portraits of government officials whose faces had been crossed out with red paint.
Though protests have so far been peaceful, the sudden upheaval has threatened to destabilize Armenia, a Russian ally in a volatile region riven by its decades-long, low-level conflict with Azerbaijan.
Moscow, which has two military bases in Armenia, is closely watching events.
The crisis has seen tens of thousands of people take to the streets in anti-government protests in the last two weeks and looked to have peaked on April 23 when Serzh Sargsyan, the object of protesters’ fury, resigned as prime minister.
Demonstrators, led by opposition leader Nikol Pashinyan, had accused Sargsyan of manipulating the constitution to cling to power and crowds wildly celebrated after he quit.
Pashinyan had been due to hold talks with Karen Karapetyan, the acting prime minister, to decide on the next steps.
Those talks were canceled after the two sides failed to agree an agenda.
Karapetyan suggested on April 25 that early parliamentary elections be held so as to test the level of popular support for Pashinyan and his potential viability as prime minister.
“What does ‘people’s candidate’ mean?,” Karapetyan told a news conference.
“I don’t know any country where a prime minister is chosen like that. There are elections for that. If he [Pashinyan] is the people’s choice, that means the people will choose him.”
The economy of the landlocked South Caucasus country of three million would face problems if the crisis continued, Karapetyan said.
He did not say when new elections might be held.
In a sign the unrest could already be affecting the economy, Pashinyan said protesters had blocked a customs post at the border with neighboring Georgia.
Separately, President Armen Sarkissian said he would start talks with political forces to try to resolve the crisis.
“I am starting consultations with parliamentary and non-parliamentary representatives to discuss the situation that has been come about in the country and a way out of it,” Sarkissian said in a statement.
Although thousands of people have taken to the streets and rallied behind him, political forces in parliament loyal to protest leader Pashinyan hold only about 8 percent of seats.
However, the second biggest party in parliament said on April 25 it was joining the protest movement and would encourage its supporters to take to the streets.
Armenia’s political crisis explained: What comes next?
dpa international (Englischer Dienst), Germany Tuesday 2:18 PM GMT Armenia's political crisis explained: What comes next? by Peter Spinella in Moscow Moscow (dpa) - Representatives of the country's leadership and political opposition are expected to meet for negotiations, including the prospect of snap elections, after the prime minister resigned in less than a week. Armenia's prime minister, Serzh Sargsyan, tendered his resignation this week after a series of protests against his rule. Q: Why did he resign? A: Sargsyan, 63, was president of the former Soviet republic for a decade until he reached his term limit this year. He was out of power for a week and a half before parliament appointed him prime minister this month. As Sargsyan promoted his candidacy and then became prime minister, Armenia's capital, Yerevan, was jolted by several days of protests. "Sargsyan was not an oppressive leader," said Simon Saradzhyan, an international affairs expert at Harvard's Belfer Center. "When he realized that one of the likely alternatives to his resignation is bloodshed, he stepped down," Saradzhyan told dpa. Q: What does the political opposition demand? A: Opposition politicians, led by parliament member Nikol Pashinyan, had called for Sargsyan to be ousted and snap elections to be held. Representatives of the country's leadership and opposition are expected to meet on Wednesday for negotiations. The government is likely to offer partial concessions in an effort to divide the protest movement, said Mikael Zolyan, a political analyst at the Regional Studies Center think tank in Yerevan. "The opposition will keep up the pressure," Zolyan told dpa. "I suspect continued protests." Q: How had the prime minister's powers been increased? A: Armenia held a national referendum two-and-a-half years ago to strengthen the authority of the prime minister, directly appointed by parliament. The political system was thus to be changed from semi-presidential to a parliamentary republic. The referendum, firmly backed by the dominant Republican Party of Armenia, passed amid allegations of vote tampering. The Organization for Security and Cooperation in Europe (OSCE), which independently monitored the vote, had cited in its report "widespread irregularities, interference and intimidation in the voting and counting process throughout the country." Q: What's next? A: Whether the political opposition will be appeased largely depends on who the next prime minister will be. Currently, the previous prime minister, Karen Karapetyan, has resumed the post for the interim. "The Republican Party controls the majority of seats in parliament, so while there's a significant change, it is not revolutionary," said international affairs expert Saradzhyan. "I hope whoever ends up running the country realizes that there's deep discontent among the public with socio-economic ills, corruption, etc," he said.
Armenian opposition leader detained amid political unrest
New air carrier in sky of Armenia (video)
The new air carrier in the sky of Armenia: the Russian company Red Wings has been operating flights to Moscow-Yerevan-Moscow since March 14, according to the company’s head Evgeny Klyucharev, the main feature of Red Wings is the price-quality ratio and high-quality service.
“We cannot call ourselves a low cost carrier, we are a hybrid carrier, in our work there are elements of the low cost concept, we offer a variety of flexible conditions in the issue of tariffs.”
Already on April 3 flights will be operated with a frequency of 7 flights per week, as the company’s general director notes, Red Wings can become a transit carrier for Armenians in Europe.
Flights are carried out by Airbus A320 aircraft.
Aznavour hopes Azerbaijan will not hinder placing of investigative mechanisms on Karabakh conflict line of contact
Armenia’s Ambassador to Switzerland, Charles Aznavour, underscores the placing of investigative mechanisms on the line of contact between Nagorno-Karabakh (Artsakh) and Azerbaijan, and he expressed the hope that Azerbaijan will not hinder these mechanisms, which the OSCE Minsk Group co-chairs have called for.
The world-renowned French Armenian singer told about the aforesaid in an interview with UN Special magazine of the United Nations Office at Geneva, Switzerland.
Also, Aznavour highlighted the need to fully respect the trilateral (Nagorno-Karabakh, Azerbaijan, Armenia) cease-fire agreements signed in 1994 and consolidated in 1995.
The interview is devoted to the 25th anniversary of Armenia becoming a UN member, as well as to the grand concert that was organized by the embassy of Armenia in Switzerland on November 24, 2017, and in connection with the 25th anniversary of Armenia-Switzerland diplomatic relations.
Ambassador Aznavour reflected also on the importance of Armenia’s membership to UN and the country’s respective commitment to take part in the international community’s efforts to build a peaceful future.
Furthermore, Armenia’s ambassador to Switzerland spoke about Armenia’s active engagement in the activities being carried out by the UN and its agencies. In particular, he reflected on the resolution on genocide prevention, which Armenia initiated in 2015 at the United Nations Human Rights Council (UNHRC), and which condemns genocide as the most terrible crime committed against humanity.
In addition, Charles Aznavour touched upon the 17th Summit of the International Organization of La Francophonie, which Armenia’s capital city of Yerevan will host in October, and which, as per Aznavour, will be the “largest event” in the “history of independent Armenia.”
Nearly 20000 Iranians to visit Armenia (video)
The New Year holidays of our neighbor country, Iran begin tomorrow. Iranians are on tour on Novruz, many come to Armenia, says Iranian expert Tigran Davudyan.
“Only this month, 20,000 Iranians are coming to Armenia.”
Novruz means a new day and is considered one of the oldest holidays in the world.
Traditionally, two weeks before the celebration, wheat is sown on the plate; and tables are decorated with its sprouts, which in Iranian is called khavtsin, as it is necessary to have seven products, which begin with the letter S. The Iranians celebrate Novruz at home, in a family environment, and then visit ther relatives. Novruz lasts for two weeks.
Iranian women entrepreneur Hale Edemandy has been living in Armenia for more than a year now, and her children study at one of Armenia’s universities.
“Nature in Armenia is good and cultures are similar. We feel very welcome here. ” Hale Edemandy is pleased with the Armenians, she says they are warm-hearted and hospitable.
When asked why the Iranians prefer to spend their holidays in Armenia, Hale Edemandy asnwered “In Armenia it is cheaper, unlike Azerbaijan or Turkey. Armenia is more interested in middle class, who do not have money for the plane but can come to Armenia by their own car “.
Russia supports NK conflict’s full format settlement – foreign ministry spox
The Russian Federation remains committed to all its commitments on the settlement issue of the Nagorno Karabakh conflict, foreign ministry spokeswoman Maria Zakharova told reporters at a press briefing.
“We are committed to all our commitments on the settlement of the Nagorno Karabakh conflict within the frames of existing commitments. We are trying actively to support the settlement of this very complicated conflict in a full format”, she said.
She refused to comment on the visit of Artsakh’s President Bako Sahakyan to the United States where he is having meetings with the US officials, stating that Washington must make a comment on this matter.
Commenting on the question whether Bako Sahakyan’s visit to Moscow is possible in the future, Zakharova said she doesn’t have any information on this topic.