Published since 02/04/2000
Published on July 06, 2009
ARMENIAN BANKS PARTICIPATE IN IFC SEMINAR
- International Finance Corporation, a member of the World Bank Group, and the United States Agency for International Development are helping Armenian banks develop energy efficiency finance expertise and start lending dedicated to this field. The initiative promises to improve energy efficiency performance of clients and diversify their credit portfolios during times of financial turmoil. Within the framework of the USAID-funded Commercialization of Energy Efficiency Program, implemented by the US-based Advanced Engineering Associates International Inc. in Armenia, IFC hosted a four-day seminar in Moscow that brought together six Armenian banks. These banks - Armbusinessbank, ArmSwissBank, Ameriabank, Ardshininvestbank, Inecobank, and VTB Bank (Armenia) -comprise over 36 percent of the Armenian banking system in terms of assets. The seminar was based on IFC’s unique experience in developing a sustainable energy finance market in Russia by partnering with local financial institutions. “The event aimed to showcase energy efficiency finance as a commercial opportunity for the Armenian market,” said Tania Lozansky, Head of IFC Advisory Services in ECA region. “In these times of economic crisis, it is especially important that banks gain new skills to build strategies for sustainable development and support their clients.” The Armenian bankers received information first-hand and discussed specific practical issues related to creating this new market. These issues included how to identify and assess energy efficiency projects at an enterprise; how to use financial instruments such as fixed-income lending and project and trade finance to fund the projects; and how to work with vendors and project developers to create cofinancing products. IFC also presented its view on the potential of energy efficiency in Armenian industry compared with that of other countries in the region. The seminar was organized by RBC Training, a training services provider for businesses. It was financed fully by USAID/Armenia through its Commercialization of Energy Efficiency Program. It provided a great example of cross-country cooperation between international and local organizations looking to create opportunity in the local market.
Headlines for July 06, 2009
MG OSCE CO-CHAIRS TO ARRIVE IN YEREVAN ON JULY 8
MG OSCE Co-Chairs will arrive in Yerevan on July 8, US mediator Matthew Bryza told a PanARMENIAN.Net reporter. The visit aims at preparing for oncoming meeting between RA and Azeri Presidents due on ...EU'S SOLANA SAYS TO STEP DOWN IN OCTOBER
European Union foreign policy chief Javier Solana said in a Spanish press interview on Sunday he will step down in October when his 10-year mandate expires. "I had a 10-year mandate which I have fulfilled. ...U.S. WON’T DISSUADE ISRAEL FROM LAUNCHING AN ATTACK ON IRAN
Vice President Joe Biden said it is up to the Israeli government to decide if Iran constituted an existential threat and that the nation is “entitled” to launch a military strike against the nation if ...A REPORT ON VIOLATIONS AT IRANIAN ELECTIONS WAS SUBMITTED
Ex- presidential candidate Mir Hossein Mousavi distributed a new 25-page report detailing frauds and violations registered at Presidential elections of June 12. The report prepared by voting rights ...IRAN CLERICS CALL IRAN'S PRESIDENTIAL VOTE INVALID
A group of clerics in Iran has called Iran's presidential vote invalid, contradicting official results. The pro-reform group's statement pits it against the top legislative body, which last week formally ...U.S. TO DISCARD NEW SET OF FINANCIAL SANCTIONS AGAINST IRAN
The United States is opposed to enacting a new set of financial sanctions against Iran that are due to be discussed in the G8 summit next week, diplomatic officials in New York reported Friday. According ...RA FOREIGN MINISTER MET THE FRENCH OMBUDSMAN
On July 5, RA Foreign Minister Edward Nalbandian met visiting French Ombudsman Jean-Paul Delevoye. RA FM gave high assessment to friendly relations between Armenia and France in different spheres, stressing ...OBAMA, GUL HAD PHONE CONVERSATION ON SUNDAY
Turkish President Abdullah Gul had a phone conversation with his U.S. counterpart Barack Obama on Sunday. According to the White House, the two leaders discussed U.S.'s relations with Muslim societies ...TURKEY'S HALF "TO BACK EU MEMBERSHIP" IN ANY REFERENDUM
Every second person in Turkey "supports European Union (EU) membership", a survey indicated on Sunday. The Turkish Board of Statistics (TUIK) conducted a survey on 6,465 people and showed that 51.9 percent ...ISRAEL FORTIFIES POSITIONS IN CAUCASUS
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The visit of Israeli President’s visit to Baku and dynamics of Azerbaijani-Israeli relations are not a coincidence, a Russian expert said. “Israeli experts have been carrying out a purposeful work to ...ARMAVIA TO RESUME FLIGHTS TO ASTRAKHAN
From July 14, Armavia will resume Yerevan-Astrakhan, Astrakhan-Yerevan flights. U8937/938 Yerevan –Astrakhan-Yerevan flights will be operating on the following schedule: departure Yerevan 10:00 a.m. ...AZERBAIJAN DOES NOT REFUSE PARTICIPATION IN NABUCCO
Agreement for the sale of Azeri natural gas signed between Moscow and Baku will not impede Nabucco implementation, Head of Azerbaijan State Oil Company (SOCAR) Rovnag Abdullayev said. “The agreement ...PROCREDIT BANK OPENS BRANCH IN GYUMRI
ProCredit Bank has opened the doors of its new branch in Gyumri This is already the 5th branch of ProCredit Bank. It was officially registered by the Central bank of Armenia on June 12, 2009. The branch ...VBT BANK ARMENIA SUPPORTS ARMENIAN ECONOMY
VBT Bank Armenia, in compliance with the Bank’s strategic program for 2008-2010, has sponsored the purchase of incubators for Araks poultry factory to the amount of 1.66 million euro. The poultry factory ...3 OBJECTS WERE ALSO ADDED TO UNESCO’S WORLD HERITAGE LIST
Sulamain-Too Sacred Mountain of Kyrgyzstan has become the country’s first site to be inscribed on UNESCO’s World Heritage List. Shushtar Historical Hydraulic System, Bridges, dams, canals, buildings and ...ARMROSGAZPROM: AS OF JULY 1, 131172 SAFETY CONTROLS WERE INSTALLED IN GAS DISTRIBUTION SYSTEMS
To increase security level in gas consumption system operation, ArmRosGazprom Public Corporation installed 24829 signaling devices and cutoff valves in June 2009. As of July 1, 2009, 131172 safety controls ...MEMBER OF ANC YOUTH BRANCH DETAINED
Member of Armenian National Congress youth branch Tigran Arakelyan was arrested on July 5. The ANC described the action as a crime against the youth and demanded immediate release of Arakelyan.GAZPROM TO BUILD GAS PIPELINE LINKING AFRICA RESERVES TO EUROPE
Three African countries signed an accord to build trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe. France's Total, Royal Dutch Shell and Russia's Gazprom have all expressed interest ...ARMENIAN OPPOSITION LOST POPULAR CONFIDENCE
Strong opposition is needed for formation of a strong state system, according to a member of the Republican Party of Armenia. “Although the rally was much spoken about, only 4500-5000 people came. It ...PROCREDIT BANK MAKES A NEW SUMMER OFFER ON INTERNATIONAL VISA CHIP CARDS
ProCredit Bank makes a new special offer on international VISA chip cards till August 31, 2009. Now they are issued with 50% discount for the first year service fee and are serviced free of charge in ...KENTIKIAN DEFENDED TITLED BEATING GAITE
World Boxing Association/WIBF female flyweight champion Susi Kentikian (25-0, 16 KO’s) easily defended her titles on Saturday night beating yet another over-matched opponent in Argentinean opponent Carolina ...NUMBER OF GAS CONSUMERS INCREASED BY 7929 IN THE FIRST HALF OF 2009
Number of gas consumers increased by 7929 in the first half of 2009 (including 1388 consumers in June), ArmRosGazProm Press Service reported. As of July 1, 2009, 581884 subscribers are connected to RA ...ILHAM ALIYEV: KARABAKH STATUS ISSUE OF FUTURE
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Role of Russia as a mediator for resolution of the Nagorno Kraabkha conflict is significant, the Azerbaijani President said. “The recent presidential meeting was efficient enough. We do see Russia’s ...ARMENIAN BANKS PARTICIPATE IN IFC SEMINAR
International Finance Corporation, a member of the World Bank Group, and the United States Agency for International Development are helping Armenian banks develop energy efficiency finance expertise and ...YEREVAN TO HOST “IMPACT OF THE GLOBAL FINANCIAL CRISIS ON RA” INTERNATIONAL CONFERENCE
On July 7-8, Yerevan will host an International conference entitled “Impact of the Global Financial Crisis on RA: Short- and Long-run Perspectives'', RA Economy Ministry Press Service reported. The conference ...CBA HAS REGISTERED A NEW INECOBANK SUBSIDIARY, MALATIA
Central Bank of Armenia, in accordance with CBA President Arthur Javadyan’s resolution, has registered a new Inecobank subsidiary, Malatia, CBA press service reported. During its activity, Inecobank ...ARMENIAN FREESTYLE WRESTLING TEAM UNSUCCESSFUL AT EUROPEAN JUNIOR CHAMPIONSHIP
Armenian junior freestyle wrestling team left the European Championship without medals, coming 11th in the team event. Upon arrival in Armenia, the wrestlers will train for the World Championship to ...ONE PARTICIPANT REPRESENTS ARMENIAN TEAM AT “IMAGINE CUP – 2009” COMPETITION
The final tournament of “Imagine Cup – 2009” passed in Cairo from July 3 to 8. A teams of software engineers of TechSquad represented Armenia in the contest. As Grigor Barseghyan, Director of Microsoft-Armenia ...ARMENIAN AND AZERBAIJANI SOCIETIES REQUIRED TO MAINTAIN TIES WITH EACH OTHER
Ties and contacts between Armenian and Azerbaijani societies are necessary, but Armenian and Azeri intellectuals’ visits to Stepanakert and Baku had a formal character, Head of Hay Dat office Kiro Manoyan ...FAREWELL CONCERT OF CHARLES AZNAVOUR HELD IN TUNISIA
Farewell concert of world famous chanson Charles Aznavour will be held in Tunis on 21 July. As the Associated Press reports quoting a Tunisian Assabah, Charles Aznavour will perform at the international ...NO DOUBT IN RUSSIA: IRAN IS NEITHER GEORGIA, NOR UKRAINE
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Recent events in Iran have caused serious concern in Russia, Ramil Latypov , Deputy Head of the Working Group of the Committee on Foreign Affairs of the RF Federation Council of assessment of terrorism ...ARMENIAN BOXERS WIN 4 MEDALS IN RUSSIAN TOURNAMENT
Armenian boxers won two gold and two silver medals at the Tournament of the Strongest Boxers which was held in Chekhov town, Moscow oblast, from June 30 to July 4. For the Armenian team, the tournament ...COULD AGREEMENT ON BASIC PRINCIPLES AROUND NAGORNO KARABAKH E SIGNED WITHIN A YEAR?
ARF Dashnaktsutyun does not exclude the possibility of signing an agreement on basic principles for the settlement of the Nagorno Karabakh conflict within the current year, Kiro Manoyan, head of "Ay Dat" ...HAY DAT CONDUCTS ALL-ARMENIAN CONFERENCE IN STEPANAKERT
Upon the initiative of Hay Dat Central Office, Stepanakert will host an all-Armenian conference devoted to Armenian-Turkish ties and Karabakh conflict settlement. The event is due on July 10-11, Head ...MAJOR INTERNET OPERATOR TO BE LAUNCHED IN ARMENIA UNDER GOVERNMENT’S SUPPORT
On July 4-5, the resort town of Dilijan hosted an informal meeting with the participation of representatives of IT enterprises. Forum organizers were Union of IT Enterprises (UITE) and RA Economy Ministry. ...GAREGIN II THANKED CYPRUS PRESIDENT FOR CAREFUL ATTITUDE TO HIS COUNTRY’S ARMENIAN COMMUNITY
Today, Catholicos of All Armenians Garegin II and President of the Republic of Cyprus Demetris Christofias met in the Holy See of St. Echmiadzin. Armenian Catholicos and Cypriot official were accompanied ...INTERNET PRICE IS HIGHEST IN ARMENIAN REGIONS, WHILE ACCESS IS LOWEST
According to the report, introduced during the regular informal meeting of Armenia’s IT industry representatives at the town of Dilijan Internet is used by 5.8 per cent of the population in Armenia, 12.7 ...ARMENIAN CITIZEN KILLED IN MOSCOW
In a clash organized near one of Moscow’s night clubs, an Armenian citizen was killed. The clash broke out near “Beautiful Valley” night club (Novocherkassk boulevard) where a group of Armenian tourists ...BARRACK OBAMA ARRIVED IN MOSCOW
Barrack Obama’s presidential plane has today landed in Moscow’s Vnukovo-II airport at 13:20 local time. This is Obama’s first official visit to Russia after being elected as President. On July 6, Air ...KARABAKH CONFLICT MAY BE RESOLVED BASED ON PEOPLE’S RIGHT TO SELF-DETERMINATION
“No President will act against his people’s interests,” RPA parliamentarian Gagik Melikyan told a news conference in Yerevan, touching upon Azeri President’s statement on Azerbaijan’s territorial integrity. ...LEVON ZOURABYAN CONSIDERS ANC ACTIVIST’S ARREST UNFOUNDED
“As a matter of fact, the attack was organized by law enforcement agencies. Dressed in civil clothes, law enforcers attacked ANC activists and seized their loud speakers when the latter were announcing ...PREMIERE OF RUBEN HAKHVERDYAN’S NEW SONG "TESTAMENT" TO BE HELD
“I do not like my songs, I like to perform them. The process of song is extremely tiring. But the performance is quite a different art,” the poet and singer Rouben Hakhverdyan told journalists today. ...RUSSIAN EXPERT: CRISIS IS A MOMENT OF TRUTH FOR CIS
In the frames of the anti-crisis program, Armenia has focused on the implementation of infra-structure projects and micro-enterprise development, Russian expert, Director of FBK’s Strategic analysis department ...ARMENIA NOT AGAINST TURKEY’S EU MEMBERSHIP
Armenia is not against Turkey’s becoming an EU member. Acceding to the Union, Turkey will become more predictable and secure, President Serzh Sargsyan said in Yerevan, during a joint communique with his ...TURKEY MUST RESPECT AND ABIDE BY RECIPROCAL AGREEMENTS WITH ARMENIA
Armenian-Turkish relations should be normalized without preconditions, and the last closed border of Europe should be open, Armenian President Serzh Sargsyan told a joint press conference with President ...APPLE MAY PROVIDE WITH CAMERAS IPOD PLAYERS
Apple orders telephone cameras value in such a great quantities, which are too much for iPhone communicators. This may mean that the U.S. company plans to use cameras not only in their phones, but also ...DECISION CONTRADICTING KARABAKH PEOPLE’S INTERESTS MAY NOT BE VIABLE
No solution to Nagorno Karabakh conflict can be viable if it contradicts Karabakh people’s interests, President Serzh Sargsyan said today in Yerevan, during a joint communiqué with his Cypriot colleague. ...DIMITRIS CHRISTOFIAS INVITES SERZH SARGSYAN TO VISIT CYPRUS
In the framework of the visit of the President of Cyprus Dimitris Christofiasa to Armenia the Cypriot President met the Armenian president Serzh Sargsyan . During the talks, held in a constructive atmosphere, ...RA DEFENSE MINISTER AWARDS “CUP OF RA PRIME MINISTER-2009” WINNERS
Today, Armenian Defense Minister Seyran Ohanyan received the winner of the “Cup of RA Prime Minister-2009” tournament, the team of his department. Congratulating the holders of the Cup with the victory, ...RECOGNITION OF ARMENIAN GENOCIDE JUST FOR THE SAKE OF TURKEY
The Armenian Genocide in the Ottoman Empire is a historical fact. The recognition of that fact will be just for the sake of Turkey, President of Cyprus Dimitris Christofias told a news conference jointly ...CYPRUS PRESIDENT: “MATENADARAN IS A TREASURE FOR ALL MANKIND”
Cyprus President Demetris Christofias has today visited Matenadaran. Mr. Christofias and his spouse were introduced to Matenadaran’s new and permanent expositions. Meeting the guests, Matenadaran’s ...CYPRUS READY TO ACT AS ARMENIA’S AMBASSADOR IN A DIALOGUE WITH EU
Armenia can be confident that Cyprus is ready to become Armenia’s Ambassador in the dialogue with EU, President of Cyprus Dimitris Christofias told a joint news conference with the Armenian President ...ARMENIA TO HOST “LAKE SEVAN“ TRADITIONAL INTERNATIONAL CHESS TOURNAMENT
On July 19-18, the Armenian town of Martuni will host “Lake Sevan“ traditional international chess tournament. The 10 chess players participating in competitions are Arman Pashikyan, Tigran Kotanjyan, ...3 DEPUTY MAYORS APPOINTED AT YEREVAN COUNCIL OF ELDERS SITTING
Today, by the initiative of the Yerevan’s mayor Gagik Beglaryan Yerevan Council of Elders called an extraordinary meeting to discuss budget issues for 2009, the structure and staffing of the municipality ...“ANELIK BANK” INCREASES ITS CAPITAL BY 2.5 TIMES
“Anelik Bank” will increase its capital by 2.5 times after entering into alliance with Lebanese Credit Bank, which has acquired 51% of Armenian bank’s shares, “Anelik Bank” CJSC’s Board Chairman Samvel ...MEETING OF EU FOREIGN MINISTERS “27+6” TO BE HELD IN DECEMBER
The foreign ministers of EU Member States will meet with counterparts from Eastern Partnership member countries in December. “In December, in connection with the ministerial sitting a meeting “27+6” is ...LEONARD MELIKYAN COMES 3RD IN PSKOV 2009 INTERNATIONAL CHESS TOURNAMENT
Armenian grandmaster Leonard Melikyan, 71, came third in Pskov 2009 international chess tournament, garnering 6.5 points out of maximal 9.KHACHATUR SUKIASYAN NOT AFRAID TO FACE TRIAL
Khachatur Sukiasyan , Member of the National Assembly of Armenia, who is wanted by police since the spring of 2008, distributed a statement today. In his statement he briefly outlined the events of March ...ANELIK BANK WON’T BE RENAMED
Anelik Bank president Samvel Chzmachyan said the bank will not be renamed. “Anelik brand is very popular. A survey conducted in Moldova, Ukraine, Georgia, Uzbekistan and Tajikistan showed that it’s ...ARMENIAN, IRANIAN JUNIOR SOCCER TEAMS TO PLAY FRIENDLY MATCH IN YEREVAN
The Iranian junior soccer team arrived in Yerevan today for a training to last till July 11. They will also play friendly matches with Armenian peers in Republican Stadium on July 8 and 10 at 7 pm local ...“ANELIK BANK” TO WORK WITH PROFIT
“Anelik Bank” will work with profit, “Anelik Bank” CJSC's board chairman Samvel Chzmacian told a news conference devoted to the end of the process of Lebanese Credit Bank's acquisition of 51% Armenian ...ARMENIAN BANKS TO INCREASE THEIR CAPITAL DURING CRISIS
There are 3 banks that have already increased their capital, CBA Chairman Arthur Djavadyan told a news conference devoted to the end of the process of Lebanese Credit Bank's acquisition of 51% Armenian ...RA NA BECAME ASSOCIATE MEMBER FRANKOFONIA PARLIAMENTARY ASSEMBLY
Armenian delegation headed by NA Speaker Hovik Abrahamyan participates in the 35th session of Francophonie Parliamentary Assembly (FPA) convened in Paris. The Session is attended by about 50 delegations, ...NO EVIDENCE IRAN SEEKS NUCLEAR ARMS, IAEA NEW CHIEF SAYS
The incoming head of the U.N. nuclear watchdog said on Friday he did not see any hard evidence Iran was trying to gain the ability to develop nuclear arms. "I don't see any evidence in IAEA official ...
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Today in Armenian history- 1820 Birth of Ghevond Alishan (armenologist) in Constantinople. He died in 1901.
- 1881 Dr. Bagrat Navasardyan (physician) and Gabriel Sundukian (playwright) create the "Armenian Benevolent Society of the Caucasus" in Tbilissi (Georgia).
- 1888 Death of the scholar Reverend Hovhannes Teroyents Chamoorjian. He was noted as a conservative and traditionalist. He played an important role in public life at that time.
- 1918 Death of Hambardzoom Arakelian, the editor of the "Mshak" newspaper, in Tbilisi.
- 1991 Unsuccessful Azeri Turk attack on Erkeg (Shahumian district, Artsakh).
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