“This is in spite of a range of past and ongoing initiatives taken by the regulators to reform the sector. These initiatives have, however, been taken without reference to a policy or longer term strategy. The world’s commodity markets are presently depressed, with generally low prices and low demand. “
Overdue loans of Armenia’s banking system continued to grow in April 2016 and reached a risky index—AMD 46 billion 379 million. Upon RA National Statistical data, as compared to March, volume of overdue loans grew by AMD 892 million or 2%, and as compared to January—by about AMD 6.5 billion or 16.2%.
Sergey Minasyan, Deputy Director of Caucasus Institute, stated that he doesn’t observe a particular liaison between the visit of Ilham Aliyev paid to Germany and statements made recently. According to him, they are mostly linked to the results of Vienna meeting.
Alina Romanowski, Coordinator for U.S. Assistance to Europe and Eurasia, during the hearings introduced the four main directions of economic assistance in the territory of Eurasia. In particular, they include strengthening of countries’ independence and sovereignty, helping countries to defend from external pressure, fight against corruption and provision of rule of law, strengthening of democracy and protection of freedom of speech, as well as maintenance of peace.
“Firstly, one should anticipate sharpening of situation on the contact line. It’s a good tradition of Ilham Aliyev to shell villages of Armenia and Nagorno-Karabakh prior to any meeting or summit linked to Karabakh-Azerbaijan conflict, launching unmanned aerial vehicles, attempt to anger the negotiating parties and mediators. I don’t have any expectation of a breakthrough outcome.”
We should do everything. I’m not saying there is no need for the time being, that need is always available, 24 hours a day. However, we have President, National Assembly, Prime Minister and they are all able to raise the issues in political instances and protect. If needed and the Catholicos interferes we will surely bring our participation as well.
After statue to Garegin Nzhdeh was unveiled in Yerevan, Moscow expressed its discontent through its analysts and historians, to which Armenia’s power circles dared to reflect by common formulations only, introducing as justification to the circumstance that it’s not the disposition of separate individuals and not that of official Moscow. So, Moscow says it’s such an official disposition, which is pronounced by the official representative of Russia’s Foreign Minister.
“Our attitude towards any manifestation of heroism, neo-Nazism, extremism of Nazism is well known as well. That attitude is enshrined in international documents. It’s unclear to us, why that statue was placed, as we all know about the deed of the Armenian people, it’s the immortal deed of Armenian people during the Great Patriotic War, World War II,” she said.
“The Headquarters doesn’t face the issue of cheap supply. I repeat once again, it faces the issue of qualified and well-timed provision of material resources,” Movses Hakobyan said.
The German resolution is also significant because of the shadow of the Holocaust. In the 1940s, the Polish lawyer Raphael Lemkin coined the term “genocide” chiefly to describe the Holocaust of the Jews. The term’s close association with the Holocaust leaves the other examples of genocide that Lemkin invoked—including the slaughter of one million Armenians—in an invidious position: they are constantly compared and contrasted with an even larger and more deliberate instance of mass killing.
