Armenian News - Tert.am
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Armenian News - Tert.am - 08:49 May 20, 2024
Converse Bank was a major sponsor of the EBRD Annual Meeting. We talked with Grant Akopian, Chief Financial Officer and the Deputy CEO of Converse Bank about our participation in the event, the Bank’s activities in the field of socially responsible financing and expectations from the event. Converse Bank has vast experience of cooperation with the EBRD. Which fields are included in the cooperation and how would you describe the cooperation? Converse Bank has a long-standing productive and extensive cooperation experience with the EBRD, during which numerous projects have been successfully implemented aimed at fostering the development of various sectors of the economy in Armenia. The Bank actively cooperates with the EBRD in the scope of international trade finance as well as SME financing programmes. In particular, the attracted funds were channeled to the implementation of the inclusive programme “Women in Business” and financing of local SMEs. The success of these programmes has been recognized by the E... -
Armenian News - Tert.am - 07:47 May 20, 2024
Ebrahim Raisi, the eighth president of Iran, has been martyred after a helicopter carrying him and his entourage crashed in Varzaqan region in East Azarbaijan Province, northwest of the country. Raisi’s helicopter, along with two more copters, was en route to Tabriz City on Sunday after he inaugurated Qiz Qalasi Dam at the border with the Azerbaijan Republic earlier in the day. Foreign Minister Hossein Amirabdollahian, East Azarbaijan Province’s Governor Malek Rahmati, and Mehdi Mousavi, the head of Raisi’s bodyguard team were on board the crashed aircraft as well. Mohammad Ali Al-e-Hashem, the Supreme Leader’s representative in the province also accompanied them. Local officials present at the crash site have confirmed the martyrdom of Raisi and his accompanying team. Ebrahim Raisi, 63, was born in the holy city of Mashhad. He was elected president in 2021. Before that, he served as the judiciary chief, the general prosecutor and the vice-chairman of the Assembly of Experts. Raisi was also a member of the ... -
Armenian News - Tert.am - 13:26 May 17, 2024
Armeconombank has a wide international cooperation network, and throughout the over 30 years of activity has successfully accomplished about 120 projects by attracting financial resources equivalent to about USD 640m directed to the development of the economy in Armenia. We spoke with Astghik Manrikyan, Deputy CEO for International Operations and Development of Armeconombank OJSC, on successful international cooperation of the Bank, achievements, current challenges, plans, and the role of female entrepreneurs/employees. -The cooperation of Armeconombank with leading international institutions has a long history. How did it start, what impact did those relations have on the Bank's development, and what approaches does working with international structures require? Since the 2000s, the Bank has chosen the strategic path of working with international partners, and in 2004 it took a more active and radical course as the European Bank for Reconstruction and Development (EBRD) acquired 25% shareholding in Armeconom... -
Armenian News - Tert.am - 11:01 May 17, 2024
A Turkish court on Thursday sentenced Selahattin Demirtas, the former leader of the pro-Kurdish People's Democratic Party, or HDP, to 42 years in prison for his alleged role in deadly protests in 2014 that were triggered by an Islamic State attack on the Syrian Kurdish town of Kobani. Another leading pro-Kurdish politician, Figen Yuksekdag, was sentenced to just over 30 years. Many other senior HDP figures were convicted among a total of 108 defendants charged with 29 offenses, including murder and harming the unity of the Turkish state. At least 10 other defendants were acquitted of the charges against them. The politicians are expected to appeal the verdicts. As the chief judge began to read the verdict, defense lawyers and observers in the courtroom at a prison complex on the outskirts of the capital Ankara banged on tables and chanted in Kurdish, "Long live the resistance of the HDP" and "Long live the resistance of Kobani." Demirtas has been in jail since November 2016 on terrorism-related charges. He re... -
Armenian News - Tert.am - 08:50 May 17, 2024
May 17 marks Telecommunication and Information Society Day, commemorating the founding of the International Telecommunication Union on May 17, 1865. The International Telecommunication Union today is a United Nations (UN) agency that coordinates the use of global radio frequencies, advancing telecommunications infrastructure worldwide, and fosters the development of technical standards on a global scale. The International Telecommunication Union was created due to the impact of modern telecommunications technologies in contributing to the global goals of UN. Telecommunications not only lays the groundwork for humanity's progress but also fosters opportunities for addressing existing challenges. Armenia is also a member of the International Telecommunication Union, and Ucom, as a telecommunications company operating in Armenia, offers its subscribers communication services and high-quality and fast Internet access, as well as highly demanded package solutions. “Ucom has many subscribers in Armenia, and at the ... -
Armenian News - Tert.am - 08:26 May 17, 2024
A statement by Ruben Vardanyan’s family. "Yerevan, May 17, 2024 - The Azerbaijani court has once again extended the pre-trial detention of Ruben Vardanyan, Armenian philanthropist, and former State Minister of Artsakh, who has been illegally detained in Baku since September 27, 2023. For eight months, the Azerbaijani authorities have flouted international law and human decency by keeping Ruben incarcerated without trial and without any proper process. They still refuse to say when any proper trial or hearing will take place on their so called charges. This decision to extend his detention by another five months without any due process is another gross violation of his basic human rights. While the international pressure on Azerbaijan continues to grow through the European Parliament resolution, US congress sanction bill and the French Senate resolution, we, the Vardanyan family, call on representatives of the international community - government, business and civil society - to demand for Ruben's unconditiona... -
Armenian News - Tert.am - 15:13 May 16, 2024
Armeconombank and the European Bank for Reconstruction and Development (EBRD) have signed an AMD loan agreement equivalent to 10m USD within the framework of the 33rd EBRD Business Forum. This collaboration is aimed also at the balanced development of the country as a part of the funds will be allocated to the financing of businesses in the regions of Armenia. This agreement is already the 15th since 2000 and brings the total amount of the funds provided by this particular partner to USD 83.0m. -
Armenian News - Tert.am - 13:08 May 16, 2024
How can we make education more interesting, increase student involvement and support community development at the same time? Larisa decided to go to Yerevan from Vanadzor in order to launch a startup and find solutions to those issues. She enrolled in the “Get Started” educational program, run by Mediamax and the “Association of Armenian Online Media and Journalists” NGO in partnership with Viva-MTS. Larisa is confident that her aspirations will come true thanks to the foundational knowledge she gains from the new setting and the experience of prosperous startups. The high school student decided to create themed quest rooms in Vanadzor, using interesting and attractive methods to ensure an interactive atmosphere and develop students’ intellectual potential. She is sure that the process combined with interesting entertainment and games will be effective and will contribute to the processing of information obtained from search engines, as well as the development of logic, critical thinking and teamwork skills... -
Armenian News - Tert.am - 11:41 May 16, 2024
Ahead of the Students and Youth Day in Armenia, Yerevan State University students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. The Bank and the university have a history of successful collaboration. One of the key projects implemented to celebrate the 15th anniversary of the Bank in 2023 was the memorandum of cooperation signed with the university. During the 2023-2024 academic year, 10 YSU students were granted nominal scholarships of AMD 1 million each, while five others received tuition reimbursement. May 16 marks Students and Youth Day, as well as the day of the foundation of YSU, which served as an opportunity for scholarship recipients to express how support from the Bank further fueled their motivation. Following the meeting, Byblos Bank Armenia CEO Hayk Stepanyan expressed his admiration for the students. "We are very happy for this opportunity provided by the university, which allowed us to meet students who receive... -
Armenian News - Tert.am - 07:15 May 15, 2024
Former U.S. President Donald Trump's private Boeing 757 clipped another corporate jet while taxiing at West Palm Beach International Airport in Florida on Sunday, a source familiar with the incident said on Tuesday. The Federal Aviation Administration said in a statement that a privately owned 757 contacted a parked and unoccupied corporate jet at the south Florida airport. The FAA statement did not identify the plane as belonging to Trump.The incident occurred in an area of the airport where the FAA does not direct aircraft, the agency said, adding that it is investigating, Reuters reports. The Trump campaign did not immediately respond to a request for comment. Trump held a rally in Wildwood, New Jersey, on Saturday. The incident occurred after the plane landed at the West Palm Beach airport at about 1:20 a.m. on Sunday. Trump's 757 is a staple of airport presidential campaign rallies and at one rally in Ohio in March a voice announced: "Trump Force One, you are cleared for landing."Trump purchased his $100... -
Armenian News - Tert.am - 10:18 May 14, 2024
At the initiative of Converse Bank, a panel discussion titled: ‘Capital Markets, Challenges and Development Prospects’ will be held as part of EBRD's annual meeting. We talked about this with Grigori Zakaryan, the Director of the Investment Department of Converse Bank. - Mr. Zakaryan, what is the reason for choosing this topic? - Capital markets as such, the developments taking place in them, and emerging trends have a significant mutual impact on the particular countries’ economies and the global economy. In general, the wealth, which is formed or, if you like, "produced" along with economic development, needs to be effectively managed, which in a broad sense is the duty of the financial industry management. This wealth flows into capital markets, forms their basement, and dictates its own rules for the progress. Moreover, in a broader context, capital markets are influenced not only by the course of large economies central banks’ monetary policies but also by important geopolitical events. We have no shorta... -
Armenian News - Tert.am - 10:07 May 14, 2024
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Ralph Yirikian, General Director of Ucom, participated in a panel discussion titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem." The event was organized by the European Business Association in Armenia under the auspices of the Ministry of High-tech Industry of Armenia. "We are privileged to have with us today an array of experts from different international and local organizations. Your work, experience and efforts to develop business environment in Armenia are invaluable. Whether you are investor, a policy maker, or a leader in technology, your contribution today is crucial. Together, let us inspire and be inspired as we work towards a more integrated and innovative tomorrow,” said Diana Sarumova, Executive Director of European Business Association in Armenia during her opening speech. During the panel discussion, Mr. Yirikian spoke about digital transformation and the critical components that need to be in place for a public-private partnership ... -
Armenian News - Tert.am - 08:27 May 14, 2024
OSCE Chairman-in-Office, Malta's Minister of Foreign Affairs Ian Borg spoke about his visit to Azerbaijan in X. “This morning in Azerbaijan I met with President of Azerbaijan to exchange views on OSCE efforts in the South Caucasus region. Recently announced border demarcation agreement with Armenia is a step in the right direction. Encouraged the two countries to maintain momentum in peace discussions, for the benefit of the people,” he wrote. -
Armenian News - Tert.am - 08:22 May 10, 2024
Israeli officials have struck a defiant tone after US President Joe Biden warned that the United States would not provide weapons for a full-scale ground assault on the southern Gaza city of Rafah, where hundreds of thousands of displaced Palestinians are hemmed in with no safe way to leave. Israeli Prime Minister Benjamin Netanyahu said in televised remarks on Thursday that Israel, which is heavily reliant on US weapons shipments, would “fight with our fingernails” if necessary.“Hamas [hearts] Biden,” Itamar Ben-Gvir, Israel’s far-right security minister, wrote in a social media post. The US has consistently provided Israel with military support throughout the campaign in the Gaza Strip, defying growing international and domestic pressure and sidelining concerns over alleged violations of international law by Israeli forces. Biden, in an interview with CNN on Wednesday, said the US was still committed to Israel’s defence and would supply Iron Dome rocket interceptors and other defensive arms but, if Israeli ... -
Armenian News - Tert.am - 06:21 May 09, 2024
President of Belarus Alexander Lukashenko sent congratulations to foreign leaders on the 79th anniversary of the Great Victory. BELTA was informed about this by the press service of the head of state. Alexander Lukashenko sent congratulatory messages to the President of Armenia Vahagn Khachaturyan, the President of Azerbaijan Ilham Aliyev, the President of Kazakhstan Kassym-Jomart Tokayev, the President of Kyrgyzstan Sadyr Japarov, the President of Russia Vladimir Putin, the President of Tajikistan Emomali Rahmon, the President of Turkmenistan Serdar Berdimuhamedov and the National Leader from the Turkmen people, to the Chairman of the Khalk Maslakhaty Gurbanguly Berdimuhamedov, President of Uzbekistan Shavkat Mirziyoyev, as well as the peoples of Georgia, Moldova and Ukraine. -
Armenian News - Tert.am - 05:38 May 09, 2024
President Joe Biden said for the first time Wednesday he would halt some shipments of American weapons to Israel – which he acknowledged have been used to kill civilians in Gaza – if Prime Minister Benjamin Netanyahu orders a major invasion of the city of Rafah. “Civilians have been killed in Gaza as a consequence of those bombs and other ways in which they go after population centers,” Biden told CNN’s Erin Burnett in an exclusive interview on “Erin Burnett OutFront,” referring to 2,000-pound bombs that Biden paused shipments of last week. “I made it clear that if they go into Rafah – they haven’t gone in Rafah yet – if they go into Rafah, I’m not supplying the weapons that have been used historically to deal with Rafah, to deal with the cities – that deal with that problem,” Biden said. The president’s announcement that he was prepared to condition American weaponry on Israel’s actions amounts to a turning point in the seven-month conflict between Israel and Hamas. And his acknowledgement that American bomb... -
Armenian News - Tert.am - 11:58 May 08, 2024
The US last week paused a bomb shipment for Israel over concerns it was going ahead with a major ground operation in the southern Gaza city of Rafah, a senior US administration official says. The shipment consisted of 1,800 2,000lb (907kg) bombs and 1,700 500lb bombs, the official told CBS News, the BBC's media partner in the US. Israel has not "fully addressed" US concerns over humanitarian needs of civilians in Rafah, the official says. Israel made no immediate comment. Overnight, there were further Israeli air strikes in the Gaza Strip, hours after Israeli forces backed by tanks took control of the Palestinians side of the key Rafah crossing on the border with Egypt. The Israeli bombardment was particularly intense around Rafah. Local medics said seven members of one family were killed in one strike. Rafah has been a key entry point for aid and the only exit for people able to flee since the start of the war between Israel and Hamas last October. The crossing remained closed on Wednesday morning, but the... -
Armenian News - Tert.am - 11:46 May 08, 2024
Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values (FPWC) are modernizing the infrastructures they jointly built in the regions. In the Gomk settlement of Vayots Dzor marz, the management of the external lighting system is carried out by both automatic and remote control. Thanks to the new technologies, the adjustment of the lights is carried out according to the most flexible principle, running on a photo relay reacting to natural light and using mobile phone. This control mechanism helps increase energy savings and interfere with the set schedule with just one call or short message. “For more than 9 years, partner organizations have stood by the side of our border settlement to develop infrastructure here. Modernization was new for us; new technologies were used. Now, in addition to the automatic control of the system, it is possible to turn the lights off or on with a phone call or a text message, when needed. When there is an outage in the village, I am informed about it th... -
Armenian News - Tert.am - 10:24 May 08, 2024
Heavy rains which caused widespread flooding in the southern Brazilian state of Rio Grande do Sul have left hundreds of towns under water, BBC reports. At least 85 people died in the floods and about 150,000 have been displaced from their homes, officials said. Some towns remain isolated and hopes of finding the more than 130 people who are still missing are dwindling. Further heavy rains forecast for this week are expected to further exacerbate the situation in the region. Many residents had to leave their homes, with some of the most vulnerable people evacuated by rescue workers. The Brazilian Airlines Association said on Tuesday that the airport in Porto Alegre would remain closed until at least the end of the month after the Guaíba river burst its banks and flooded the runway and key buildings. The river reached a record high level of 5.3m (17.4ft), local officials said. The previous record was reached in 1941 and stood at 4.76m. The airport is not the only large building which had to close in Porto Alegr... -
Armenian News - Tert.am - 10:18 May 08, 2024
The Oxford-AstraZeneca Covid vaccine is being withdrawn worldwide, months after the pharmaceutical giant admitted for the first time in court documents that it can cause a rare and dangerous side effect, The Telegraph reports The vaccine can no longer be used in the European Union after the company voluntarily withdrew its “marketing authorisation”. The application to withdraw the vaccine was made on March 5 and came into effect on Tuesday. Similar applications will be made in the coming months in the UK and in other countries that had approved the vaccine, known as Vaxzevria. The decision to withdraw it brings to an end the use of the jab, which was heralded by Boris Johnson as a “triumph for British science” and credited with saving more than six million lives. AstraZeneca said the vaccine was being removed from markets for commercial reasons. It said the vaccine was no longer being manufactured or supplied, having been superseded by updated vaccines that tackle new variants. Vaxzevria has come under inten...
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