Ameriabank’s Time Deposit Volume Grew By 39.9% In The First Quarter

AMERIABANK’S TIME DEPOSIT VOLUME GREW BY 39.9% IN THE FIRST QUARTER OF 2009

PanARMENIAN.Net
07.04.2009 16:35 GMT+04:00

/PanARMENIAN.Net/ Ameriabank ‘s time deposit volume grew by 39.9%
in the first quarter of 2009, exceeding 2008 results 5.7 times.

Legal persons’ deposits, comprising 79.4% of total bank’s deposits,
increased by 26.2 % within the first quarter of 2009, exceeding 2008
results 5.9 times.

In December 2008 Ameriabank initiated full insurance policy
for physical persons’ deposits, regardless of sum and currency
deposited. This step ensued in increased volumes for physical persons’
deposits, which grew by 141.1% within the first quarter of 2009,
exceeding 2008 results 5.2 times.

Ameriabank’s time deposit volume totaled AMD 22.2 billion as of
Mar. 31, 2009.

Ameriabank CJSC is a corporative investment bank, providing
corporative, investment and limited retail banking services. Troika
Dialog, major investment company in Russia, is the strategic partner
of Ameriabank CJSC.

Rates Of Time Deposits In Ameriabank Keep On Growing

RATES OF TIME DEPOSITS IN AMERIABANK KEEP ON GROWING

ArmInfo
2009-04-07 14:57:00

ArmInfo. Volumes of time deposits in Ameriabank keep on growing. They
make up 22.2 bln drams by March 31, 2009. As Ameriabank’s press
service told ArmInfo, this is testified by indicators of 1Q, 2009,
according to which the volume of time deposits grew by 39,9%, having
exceeded the indicator over the similar period, 2008, 5,7 times.

Legal persons’deposits which make up 79,4% of the total bank deposits,
increased by 26,2 % during 1Q, that exceeds the indicator of the
similar period, 2008, 5,9 times. In December, the Bank advanced
an initiative of complete insurance of the individual persons’
deposits irrespective of the amount and deposit currency. This step
has considerably tightened the bank-society connection, as a result
of which the volumes of the individual persons’ deposits sharply
grew. Deposits in 1Q, 2009, grew by 141,1%, and the volume of the
individual persons’ deposits increased 5,2 times as compared with
1Q, 2008.

To note, Ameriabank CJSC focuses on the investment banking, as well
as renders the whole spectrum of universal bank services. "Troyka
Dialogue" Group of companies, one of the biggest investment-bank
companies of Russia, is a strategic partner of Ameriabank.

Armenia Foreign Minister: No Prerequisites To Improvement Of Ties

ARMENIA FOREIGN MINISTER: NO PREREQUISITES TO IMPROVEMENT OF TIES WITH TURKEY

Eurasianet

April 6, 2009

Armenian Foreign Minister Eduard Nalbandian underlined on April 6 that
the pursuit of better relations with Turkey does not mean that Armenia
will change its position on the disputed territory of Nagorno-Karabakh,
or on its push for international recognition of Ottoman Turkey’s 1915
massacre of ethnic Armenians as genocide.

"Resolution of our relations is not tied to resolution of the Karabakh
problem, and this issue was never a subject of talks," Nalbandian
was quoted as saying by the A1plus news website. He added that any
efforts to cast doubt on Armenia’s genocide claims and reverse its
position on Nagorno-Karabakh would spoil the talks.

Turkey and Armenia, longtime enemies, have recently been inching
toward a thaw in their relations, a prospect that has raised concerns
in Turkey’s main ally in the South Caucasus, Azerbaijan, that Ankara’s
support for Azerbaijan on the Karabakh issue will weaken.

http://www.eurasianet.org

Church-State Separation Becomes An Issue Amid Government Financial

GEORGIA:CHURCH-STATE SEPARATION BECOMES AN ISSUE AMID GOVERNMENT FINANCIAL SUPPORT FOR GEORGIAN ORTHODOX CHURCH
Molly Corso

Eurasianet

April 6, 2009

A $15-million government "grant" to the Georgian Orthodox Patriarchate
is raising concerns about church-state relations in Georgia. The
Georgian constitution calls for a clear separation between church and
state, but critics believe that the financial relationship between
President Mikheil Saakashvili’s administration and the Georgian
Orthodox Church suggests that the letter of the law is not being
followed.

In 2009, the amount of financing the Church received tripled
to 25 million lari, or roughly $15 million. The budget increase
comes on the heels of another controversial government gift: luxury
sports utility vehicles for each of the church’s 10 archbishops. No
other religion in Georgia receives state funding, or gifts from the
government. Representatives of the Patriarchate state that both the
budget increase and the cars are benign examples of government’s
goodwill and respect — not a sign that Georgian Orthodoxy, the
faith of the vast majority of the country’s 4.4 million residents,
serves as a de facto state religion.

"It is very clearly written in the constitution that the church and the
state are absolutely independent. . . . We did not want to be somehow
the state religion. . . . We are against that," church spokesperson
Father Davit Sharashenidze said.

A representative of the Patriarchate’s accounting department told
EurasiaNet that it requested the threefold increase in funds to cover
new social welfare projects, and remodeling expenses in educational
institutions.

The cars, the accountants said, were a token of esteem toward
Patriarch Ilia II on the 30th anniversary of his 1977 enthronement;
the Patriarchate notes that the government stipulated that the cars
were for Church use only, and that no archbishop received permission
to either sell, or to otherwise profit from the vehicles.

But critics maintain that the Patriarchy has inextricably tied itself
to the government through its dependency on government financing
and "presents." Apart from donations and the sale of religious
paraphernalia, the Church has no other source of income. The threefold
increase in financing for 2009, coming on the heels of Georgia’s
unsuccessful war against Russia, "is like a gesture to the Church
.. . . from the president that ‘I am with you and you should be with
me,’" said Beka Mindiashvili, a religion monitor at the Georgian Public
Defender’s Office and an outspoken church critic. "This money speaks
that [President Mikheil Saakashvili] is counting on [the Patriarch’s
support] during difficult times."

Citing a lack of knowledge about the party’s policy, a spokesperson
for the governing United National Movement declined to comment on the
relationship between the government and the church. The relationship,
however, has the appearance of being extensive. In recent days, senior
United National Movement members have appeared on television with
the patriarch to appeal for calm in the upcoming April 9 opposition
protests. Ilia II has also served as an apparent unofficial envoy to
Moscow following the severance of diplomatic ties with Russia.

Religious scholar Levan Abashidze argues that by taking on such
a public role while accepting state funds and other benefits, the
Church is "giving up its freedom."

"[O]ne of the main ideas is the church has moral authority. You
cannot have moral authority if you are always with the government,"
Abashidze said.

Mindiashvili, who studied at the Georgian Theological Academy, notes
that the practice of giving presents to the church "to receive the
authority of the church" goes beyond the government. Businesspeople
are known to sponsor new churches or church repairs; parish priests
rely on donations or free services from churchgoers to supplement
their salaries.

The government’s return of church property confiscated while Georgia
was part of the Russian Empire and the Soviet Union has sparked
further criticism.

Guram Chakhvadze, deputy chairman of the parliamentary Budget and
Finance Committee and a member of the opposition Christian-Democrats
faction, told EurasiaNet that the property transfers to date have
been made on an ad hoc basis. Chakhvadze stressed, however, that
only property with historic ties to the church — and under current
government ownership — is being transferred.

EurasiaNet was not able to receive a list of property the government
has already returned to the church.

Patriarchate representatives could not give an immediate response about
the total amount of property received since the 2002 concordat that
defined the church’s constitutional relationship with the government.

Tax benefits are another aspect of the church’s special
status. Patriarchate accountants state that the church does not
pay tax on either salaries or property or the sale of religious
paraphernalia. Other religions do not qualify automatically for the
same benefits. Registration as either a union or a foundation is
required to receive tax benefits. Some have taken the step, but,
others, like the Armenian Apostolic Church, have declined.

Both Father Sharshenidze and Parliamentary Budget and Finance
Committee Deputy Chairperson Chakhvadze strongly dismiss suggestions
that the government is trying to bribe the church with benefits and
financing. Chakhvadze pointed to the fact that money given to the
church is termed a "grant" as an indication of how seriously the
government takes the separation dictated by the constitution. The
funds are often also called a "subsidy."

Father Sharashenidze underlined that the Patriarchate is committed
to keeping its financial transactions with the government open and
transparent. Patriarchate accountant Lela Lomadze noted that parliament
must approve any change in the amount transferred to church projects
from the state budget. The church itself petitions the Ministry of
Finance for state funds; the ministry must then approve expenditures
before submitting the package to parliament as part of the proposed
state budget, Lomadze contended.

According to a Patriarchate copy of the budget, a Georgian Orthodox
university in the Western region of Ajara is the single largest
recipient of church funds this year — 3.2 million lari or $1.9
million. Juvenile shelters and homes for the elderly will receive
over 4.4 million lari or about $2.67 million. Remaining funds will
be distributed to church-associated schools, gymnasia, seminaries,
academies and institutes around the country. No payouts have been
made to individual churches or monasteries unless the institution
operates a shelter. Patriarchate accountants underlined that these
sums are tentative, and subject to change.

Monitoring how the funds are spent is cause for further
controversy. While critic Mindiashvili maintains that the transactions
are kept under wraps, the Patriarchate argues that every tetri,
present and square meter of land the church receives from the state
is registered and monitored by the Ministry of Finance.

A spokesperson for the ministry’s Chamber of Control, which monitors
state budget outlays, told EurasiaNet, however, that the law did not
allow the ministry to exercise such control.

Parliamentary Budget and Finance Committee Deputy Chairperson
Chakhvadze echoed that assessment. "The Georgian church is excluded
from that because we give a subsidy and the church itself decides
how to use the money," he said.

According to the Patriarchate’s spokesperson Father Sharashenidze,
those funds are taken in good faith. The church, he said, will accept
whatever it is offered as a sign of respect for the role it has played
in holding the country together throughout Georgia’s turbulent history.

http://www.eurasianet.org

Taxi Drivers Protest Against High Taxes

TAXI DRIVERS PROTEST AGAINST HIGH TAXES

A1+
04:33 pm | April 06, 2009

Society

Today hundreds of taxi drivers again flooded Yerevan’s main streets
with their cars in protest against stricter licencing and taxation
rules imposed on them. The highway patrol police and the transport
inspectorate were to conduct checkups and accounting starting from
April 6.

Most taxi drivers say they have been stopped on the way and fined
by the highway force, others claim the police didn’t register their
numbers.

Note that last week representatives of the RoA Ministry of
Transportation had a meeting with taxi drivers and assured them that
no fines would be imposed by January 2010.

The protesters say that the government simply "lulled their vigilance"
leaving their issue unaddressed.

The taxi drivers were dissatisfied with the deputy minister of
transportation, David Yeritsyan, and demanded a meeting with the
Minister. They posed the same demand – to freeze the monthly taxes.

Remind that under the new requirements approved by the government,
taxi companies and independent cab drivers have to pay an annual state
duty of 25 000 for each of their cars, 60 000 drams for electronic
fee meters, 5000 drams to the pension fund in addition to regular
revenue tax. Overally, each taxi driver has to pay 113 000 drams a
year or 12 000 drams a month otherwise he will be fined.

The protesters say they can hardly afford their daily bread let alone
other expenses. On the other hand, the global economic crisis has
curtailed the number of clients.

After long discussions the protesters decided to form a group of ten
and visit the Minister of Transportation.

But as usual, they were received by Deputy Minister David
Yeritsyan. This aroused indignation among the delegates. Nevertheless,
they didn’t give in and signaled their problems. During the meeting
the sides seemed to be reaching an agreement. The cab drivers said
they didn’t avoid taxes but they didn’t want to pay extra money when
they are ill or out of the country.

Yerevan Hopes To Improve Relations With Turkey

YEREVAN HOPES TO IMPROVE RELATIONS WITH TURKEY

Interfax
March 2 2009
Russia

Armenia hopes to bring the normalization of bilateral relations with
Turkey to a logical conclusion, Armenian Foreign Ministry spokesman
Tigran Balayan told Interfax on Thursday.

"Normalization of Armenia-Turkey relations has been progressing
well. We hope to bring this process to a logical conclusion," he said.

Balayan said he found it difficult to say when an agreement with
Turkey might be signed. "The process goes on, but we do not set any
particular deadlines," Balayan said.

Meanwhile, the Wall Street Journal said with the reference to Brussels
diplomats that Armenia and Turkey might sign an agreement on the
opening of borders and the resumption of diplomatic relations on
April 16.

AAA To Conduct A Number Of Events In Commemoration Of The Armenian G

AAA TO CONDUCT A NUMBER OF EVENTS IN COMMEMORATION OF THE ARMENIAN GENOCIDE

PanARMENIAN.Net
03.04.2009 18:30 GMT+04:00

/PanARMENIAN.Net/ Armenian Assembly of America (AAA) actively advances
the concerns of Armenia and NKR on a broad range of issues. AAA works
in coordination with ANCA to fulfill common goals, Armenian Assembly
of America (AAA) Regional Director in RA and NKR, Arpi Vardanyan told
a news conference.

According to AAA Regional Director, Armenian organizations in US will
conduct a number of events during 94th Anniversary Commemoration of
the Armenian Genocide.

"Every year, on Apr. 23-24, US congress holds meetings with descendants
of the Armenian Genocide survivors, initiated by Armenian Support
Group. Besides, a major rally for recognition of the Armenian
Genocide will be conducted this year at New York Time Square, "
Arpi Vardanyan stated.

White House Avoids Genocide Issue Ahead Of Turkey Trip

WHITE HOUSE AVOIDS GENOCIDE ISSUE AHEAD OF TURKEY TRIP

_4/3/2009_1
Friday, April 3, 2009

PARIS (The White House)–Ahead of President Barack Obama’s trip to
Turkey, at a news briefing Friday aboard Air Force One en route to
France, the White House spokesperson avoided discussing the Armenian
Genocide when asked by a reporter to comment on the matter.

Responding to a reporter’s query on whether "the President still
believe[s] that the Turks committed genocide against the Armenians,"
White House spokesperson Robert Gibbs, said: "We’ll get into that I
think later on."

When pressed to comment further, Gibbs said: "I’ll leave that for–I
can’t give away everything in one gaggle, for goodness sakes."

Gibbs explained the trip to Turkey aimed to strengthen an important
relationship.

"I mean, again, I think it’s to strengthen an important relationship
and reach out to–and demonstrate the importance of–their importance
in our relationship and, again, issues that we have in common that
we want to work on. I mean, look, I think it’s an opportunity to
probably go also to a country that people may not have expected us
to visit on our first trip over here, and I think it’s an important
signal for the President," explained Gibb.

www.asbarez.com/index.html?showarticle=41144

LAT: Turkey, Armenia Are Likely To Ease Conflict

TURKEY, ARMENIA ARE LIKELY TO EASE CONFLICT
By Paul Richter

Los Angeles Times
April 4 2009

President Obama is to visit Turkey in a few days, and the expected
deal would allow him to point to progress toward reconciliation

Reporting from Washington — Turkey and Armenia are likely to announce
a deal soon aimed at easing their conflict, diplomats said Friday in
a development that would sweeten President Obama’s visit to Turkey
next week.

The two countries are expected this month to announce an agreement
to resume official contacts and reopen borders that have been closed
since 1993, said the diplomats, who spoke on condition of anonymity,
citing the sensitivity of the subject.

The likelihood of a breakthrough would allow the president to praise
progress toward reconciliation as he stops in Ankara, the Turkish
capital, and Istanbul on a two-day visit aimed at strengthening ties
to an ally the U.S. needs for help in Iraq, Afghanistan and elsewhere.

But a deal between Armenia and Turkey could spell disappointment for
Armenian Americans who want Obama to fulfill his campaign pledge to
declare that the mass killing of Armenians by Ottoman Turks beginning
in 1915 was a genocide.

With substantial progress toward rapprochement, Obama is likely to
postpone a genocide declaration in a presidential proclamation April
24, the annual remembrance day. The White House is expected to argue
that under the circumstances, the use of the term "genocide" in the
proclamation would anger Turkey and threaten the talks.

Ankara contends that the deaths were the result of war, not planned
genocide.

In London, Turkish Prime Minister Recep Tayyip Erdogan on Friday
acknowledged that his country is headed toward better relations
with Armenia.

"We have taken steps toward such a decision," he said at a news
conference. "We have made ourselves ready."

To show its goodwill toward the U.S., Turkey has deployed ships
to fight piracy off Somalia and promised further help in Iraq and
Afghanistan. And Turkey’s government radio and television service
this week began Armenian-language radio broadcasts.

However, Erdogan was adamant that the deaths nearly a century ago
were not the result of genocide.

Talks between the two countries intensified last fall after President
Abdullah Gul became the first Turkish leader to visit Armenia.

Diplomats said the announcement could come before Obama’s visit
to Turkey on Monday, or else on April 16, when the Turkish foreign
minister is scheduled to visit Yerevan, the Armenian capital, for a
regional meeting.

Mark Parris, a former U.S. ambassador to Turkey, said an announcement
April 16 would be "almost as good" for Obama if he is looking for
a way to justify the politically difficult decision to postpone a
genocide declaration.

Soner Cagaptay, a senior fellow at the Washington Institute for Near
East Policy, said it would be difficult for Obama to label the mass
killing a genocide after visiting Turkey for two days to strengthen
bilateral ties. "It would be like saying ‘I love you,’ and then,
a day later, saying ‘I don’t like you.’ "

Obama administration officials have said in response to questions
about their plans on the genocide resolution that their focus is on
helping improve relations between Turkey and Armenia. A White House
spokesman said Friday that he had no information on an impending deal.

ANKARA: Ergenekon Planned President’s Assassination

ERGENEKON PLANNED PRESIDENT’S ASSASSINATION

Today’s Zaman
April 4 2009
Turkey

Ergenekon, a clandestine terrorist organization, of which 152
suspected members currently are standing trial for plotting to
overthrow the government, planned to assassinate President Abdullah
Gul, an additional indictment accepted by the Ä°stanbul 13th Higher
Criminal Court hearing the case claims.

According to the indictment, the organization was planning to
assassinate President Gul during the official ceremony to celebrate
Aug. 30 (Victory Day). The prosecution says it has voice recordings
of phone conversations between the suspects on the day of last
year’s Aug. 30 ceremonies. The prosecution claims that some of the
lieutenants, who are currently under arrest as suspects, were planning
to use the tanks in the parade to bring their plan to completion,
not unlike the 1981 killing of Egyptian President Anwar Sadat, who
was assassinated during an annual victory parade in Cairo.

The indictment also makes detailed accusations against suspects
Kemal Aydın and Neriman Aydın, whose links to some army officers on
active duty have been established. The two Aydıns and another suspect
named DurmuÅ~_ Ali Ozoglu were recruiting young army officers and War
Academy cadets, the indictment claims. Lieutenants Mehmet Ali Celebi
and Noyan CahkuÅ~_u, who are currently also in jail as suspects,
are being accused of obtaining intelligence about the War Academy
and its decisions. The prosecution also says that the senior members
of Ergenekon greatly appreciated the work of the two lieutenants,
who were given special GSM phone lines and who communicated with
Ergenekon through civilians to avoid arrest.

The indictment also claims that the suspects carried out their
activities inside the War Academy in the form of groups organized
as cells, ensuring that none of the organization members knew each
other. The Aydın siblings and Ozoglu directed the recruits to first
become cadets and then infiltrate the Special Forces Command.

Lieutenant colonel testifies to civilian prosecutor

In related developments Lt. Col. Mustafa Dönmez, who fled
during a wave of operations into Ergenekon in January but later
surrendered, testified yesterday at the Ä°stanbul courthouse in
BeÅ~_iktaÅ~_. Dönmez was taken back to the Hasdal Military Prison,
where he has been held since his arrest in January. Security forces
found various arms caches during excavations based on sketches and
maps found in Dönmez’s house.

Ergenekon suspect hails Cicek’s remark about DTP

Kemal Kerincsiz, an Ergenekon suspect known for his ultra-nationalism
and the frequent complaints he filed against authors speaking
outside the official line, has praised State Minister and Deputy
Prime Minister Cemil Cicek, whose remarks about the success of the
pro-Kurdish Democratic Society Party (DTP) in last week’s municipal
elections drew ire from most segments of society as well as from the
prime minister himself.

Kerincsiz, delivering his defense testimony in the 69th hearing of the
Ergenekon trial yesterday, referred to Cicek as "a minister with common
sense," referring to Cicek’s remark that the DTP’s success in Igdır,
Turkey’s easternmost province located next to the Armenian border,
was an issue of national security.

He also noted that Cicek had stopped a university from organizing a
conference on the Armenian question in 2005, saying the conference was
tantamount to "stabbing the Turkish nation in the back." Kerincsiz
also praised this remark, adding: "That was right. The things he’s
said in the recent past are very important. This last remark [on
the DTP’s election victory] is also very important. These are very
correct observations. He is a minister with extreme common sense. I
would like to congratulate him for what he’s said."