Tag Archives: Armenia

Armenia receives aid for Syrian refugees

JUNE 20 2017 (The Bulletin) — The EU included Armenia in a $300m assistance programme for countries which have taken in refugees from Syria, media reported. In total, Armenia will receive around $3.3m of aid from the EU. It has taken in hundreds of refugees, mainly of Armenian heritage, who had been living in Aleppo. The Balkans, Lebanon, Iraq, Turkey and Jordan all received aid from the EU too.

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(News report from Issue No. 334, published on June 26 2017)

 

Armenian Prime Minister wants to stay on

JUNE 21 2017 (The Bulletin) — Armenian PM Karen Karapetyan has hinted that he wants to continue in his job after 2018, the panarmenia.net website reported, when constitutional changes shift power to the PM from the President. Controversy has surrounded the changes as their opponents have alleged that President Serzh Sargsyan, in power since 2008, wants to become PM when his second and final term in office ends in order to secure power. If Mr Karapetyan wants to remain PM it may, potentially, set up a fight for power.

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(News report from Issue No. 334, published on June 26 2017)

IMF hands out another loan to Armenia

JUNE 24 2017 (The Bulletin) — The IMF released the fifth and final loan of $21.6m to Armenia, media reported, completing a promised $111.6m deal pledged in 2014. It said that Armenia’s economy was set to improve over the next few years after a tough period. It particular, the IMF praised Armenia’s spending prudence.

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(News report from Issue No. 334, published on June 26 2017)

 

Tajik President flies to Yerevan

JUNE 14 2017 (The Bulletin) — Tajik president Emomali Rakhmon flew to Yerevan for a state visit, a relatively rare foray into the South Caucasus. At a joint press conference Mr Rakhmon and his Armenian counterpart Serzh Sargsyan promises to boost bilateral ties, including setting up a direct flight between the two capitals.

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(News report from Issue No. 333, published on June 19 2017)

 

Armenia accuses Azerbaijan

JUNE 16 2017 (The Bulletin) — Armenia-backed forces accused Azerbaijan of killing three of its soldiers in another spike in violence around the disputed region of Nagorno-Karabakh. Tension has really been reduced since fighting in April 2016 killed several dozen people. Analysts have said that there is a greater chance of all-out war over the region now than at any time since a UN- imposed ceasefire in 1994.

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(News report from Issue No. 333, published on June 19 2017)

 

Wolf attack kills 100 sheep in Armenia

YEREVAN, JUNE 16 2017 (The Bulletin) — Wolves have ripped apart around 100 sheep in a province in Armenia, media reported, one of the worst attacks for years.

The attack highlights a long standing dispute between conversations who want to try to preserve the wolf population and farmers who want it culled.

The recent attack was recorded in the mountainous region of Aragatsotn in central Armenia. Wolf attacks in Aragatsotn and other upland parts of central Armenia are not uncommon but they are normally limited to killing around a dozen sheep.

An attack in which 36 sheep were killed in 2014 was considered significant, so an attack in which 100 were killed is a major incident.

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(News report from Issue No. 333, published on June 19 2017)

 

Rosatom to update Armenia nuclear plant

YEREVAN, JUNE 13 2017 (The Bulletin) — Russian energy company Rosatom said it was going to start repair works on Armenia’s nuclear power station, Metsamor, next year.

The repair works, which Rosatom has said will extend the lifespan of the nuclear plant to 2026, are controversial because both the European Union and the United States have called on the plant to be decommissioned as it is built in an earthquake-prone area.

Several years ago, the European Union offered Armenia $300m to close down the plant, an offer that the Armenian government, possibly under pressure from Russia, declined.

After meeting Armenian PM Karen Karapetyan, Rosatom director- general said: “Armenia’s nuclear facilities will in fact be thoroughly upgraded. Our common goal today is to move clearly on the agreed schedule, observing the unequivocal priority of quality work and safety requirements.”

For Armenia, the Soviet-built nuclear plant is a vital part of its power generation system, producing around 40% of the country’s electricity.

The deal for the maintenance work to extend the lifespan of Metsamor was agreed in 2014, with Russian finance for the project and Rosatom’s role finalised the following year. Russia agreed to lend Armenia $230m to fund the modernisation scheme and also added a $30m grant.

Rosatom has said that the main focus of their work is the modernisation of the plant’s cooling towers, its turbine unit and control and safety systems.

The original plan for the maintenance work was to schedule it for 2017, closing the plant for six months.

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(News report from Issue No. 333, published on June 19 2017)

 

Armenia accuses Azerbaijan

JUNE 16 2017 (The Bulletin) — Armenia-backed forces accused Azerbaijan of killing three of its soldiers in another spike in violence around the disputed region of Nagorno-Karabakh. Tension has really been reduced since fighting in April 2016 killed several dozen people. Analysts have said that there is a greater chance of all-out war over the region now than at any time since a UN- imposed ceasefire in 1994.

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(News report from Issue No. 333, published on June 19 2017)

RusHydro looks to pull out from Armenia

JUNE 6 2017 (The Bulletin) — Russia’s RusHydro said that it wanted to sell off the second largest hydropower plant in Armenia, Sevan-Hrazdan Cascade, which produces roughly 10% of Armenia’s power. RusHydro said that it had been in talks with a potential buyer but that these talks had fallen through. In 2015, Russia’s Inter RAO sold its debt-ridden electricity distribution network to a Armenian oligarch after a series of angry street demonstrations against planned electricity price rises.

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(News report from Issue No. 332, published on June 12 2017)

 

Armenia plans property privatisation

YEREVAN, JUNE 9 2017 (The Bulletin) — Armenia’s government plans to sell 47 state-owned properties, including post offices, Yerevan’s bus station and a football stadium, to raise an estimated $75m.

Armenia, like the rest of the region, has been trying to pull out of an economic downturn linked to a drop in oil prices and a recession in Russia. The data this year has showed an improvement but the government still needs to raise more cash, giving foreign investors the chance to buy into property in Armenia.

The head of the state property management department, Arman Sahakyan, said the government had tried and failed to privatise half the properties in 2006/7.

“The companies that will be put up for privatisation, are not managed effectively, they face problems, that’s why we included them in the list in order to ensure their effective management,” he was quoted by media as saying.

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(News report from Issue No. 332, published on June 12 2017)