Tag Archives: Armenia

Turkey sends soldiers to Azerbaijan for war games

JULY 30 (The Bulletin) — Turkey sent soldiers to Azerbaijan for a high-profile joint military exercise with the Azerbaijani military. The military exercise was deliberately high-profile as Turkey wanted to send a message to Armenia that it was supporting Azerbaijan, one of its closest allies, in the neighbours’ dispute over the region of Nagorno-Karabakh. Earlier in July at least 15 soldiers were killed when fighting broke out between Azerbaijan and Armenia, the worst in four years.

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— This story was published in issue 455 of the Central Asia & South Caucasus Bulletin, on July 31 2020.

— Copyright the Central Asia & South Caucasus Bulletin 2020

Pashinyan says coronavirus has passed its peak in Armenia

JULY 30 (The Bulletin) — Armenian PM Nikol Pashinyan said that the peak of the coronavirus infection rate had passed in Armenia. Armenia’s daily new infection rate is now down to around 250, compared to 550 – 600 in mid-July. Government officials said that they expected a rate of 140 new infections daily by September and to be able to reopen schools which have been shut since March. Armenia has recorded 39,050 coronavirus infections and 754 deaths.

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— This story was published in issue 455 of the Central Asia & South Caucasus Bulletin, on July 31 2020.

— Copyright the Central Asia & South Caucasus Bulletin 2020

Armenian opposition leader continues to do business despite arrest threat

JULY 29 (The Bulletin) — Gagik Tsarukyan, the leader of the opposition Prosperous Armenia Party (PAP), has been meeting with business leaders and promising to support their efforts to stave off a recession linked to the spread of the coronavirus, media reported. This is important because at the end of last month it had appeared that prosecutors were building a case to arrest Mr Tsarukyan, one of Armenia’s richest men, on various corruption allegations.

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— This story was published in issue 455 of the Central Asia & South Caucasus Bulletin, on July 31 2020.

— Copyright the Central Asia & South Caucasus Bulletin 2020

Armenia and Uzbekistan keeps interest rates steady

JULY 23/28 (The Bulletin) — The Central Banks of Armenia and Uzbekistan kept their interest rates unchanged, despite pressure to cut the cost of borrowing to help businesses fight an expected recession linked to the coronavirus pandemic. Armenia’s Central Bank said that despite deflationary pressures, its consumer price index still measured a 1.7% rise in prices over the past 12 months. 

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— This story was published in issue 455 of the Central Asia & South Caucasus Bulletin, on July 31 2020.

— Copyright the Central Asia & South Caucasus Bulletin 2020

Armenian banks improve profits despite coronavirus

JULY 28 (The Bulletin) — Banks in Armenia increased their net profit in the first half of the year by 5.9%, media reported by quoting a banking lobby group. It said that despite the impact of the coronavirus pandemic, which analysts said would cause a recession in Armenia, all 17 banks in the country had been profitable so far in 2020.

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— This story was published in issue 455 of the Central Asia & South Caucasus Bulletin, on July 31 2020.

— Copyright the Central Asia & South Caucasus Bulletin 2020

Putin says Armenia and Azerbaijan fighting is “very sensitive”

JULY 24 (The Bulletin) — Russian President Vladimir Putin described fighting between Azerbaijan and Armenia around the disputed region of Nagorno-Karabakh earlier in July that killed at least 15 soldiers as “very sensitive”. Analysts had been looking for official reaction from Mr Putin on the fighting, the worst for four years. They have said that he was likely to have applied pressure to both sides to stop the fighting escalating.

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— This story was published in issue 455 of the Central Asia & South Caucasus Bulletin, on July 31 2020.

— Copyright the Central Asia & South Caucasus Bulletin 2020

Armenians and Azerbaijanis brawl in Russia

MOSCOW/JULY 24 (The Bulletin) — Armenians and Azerbaijanis in Moscow and St Petersburg fought and brawled in the streets as tension spilled over from fighting around the disputed region of Nagorno-Karabakh in the South Caucasus. 

AP reported that police in St Petersburg had detained dozens of people during the street fighting. In Moscow, police said that they had also detained 30 people. 

Russia is a major destination for migrant workers from Central Asia and the South Caucasus, including people from Armenia and Azerbaijan. The neighbours have officially been at war over the disputed region of Nagorno-Karabakh since the early 1990s, although a 1994 UN-imposed ceasefire has mainly held a shaky peace. 

The fighting in mid-July killed an estimated 15 soldiers and was the worst for four years.

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— This story was published in issue 455 of the Central Asia & South Caucasus Bulletin, on July 31 2020.

— Copyright the Central Asia & South Caucasus Bulletin 2020

German ratings agency downgrades Armenia

JULY 28 (The Bulletin) — Frankfurt-based ratings agency RAEX changed Armenia’s economic outlook status to stable from positive because of a growing government budget deficit, rising government debt and an anticipated recession. The downturn in outlook matches analysts’ predictions that the coronavirus pandemic will push the economies of the South Caucasus into recession.

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— This story was published in issue 455 of the Central Asia & South Caucasus Bulletin, on July 31 2020.

— Copyright the Central Asia & South Caucasus Bulletin 2020

New property tax in Armenia will hit the poor, says economist

JUNE 23 (The Bulletin) — A new property tax due to be introduced this year in Armenia will fall more heavily on the poor than on the wealthy, an economist said. PM Nikol Pashinyan, who frames his government and the 2018 revolution that propelled it to power as being on the side of the poor, wants the new tax to bolster the budgets of local councils, but economist Suren Parsyan told Open Democracy that the move will increase tax burdens for poor people who inherited apartments in central Yerevan when the Soviet Union collapsed.

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— This story was first published in issue 451 of the Central Asia & South Caucasus Bulletin, published on June 23 2020

— Copyright the Central Asia & South Caucasus Bulletin 2020

The wisdom in punishing former presidents for corruption

JUNE 23 (The Bulletin) — Former presidents in Central Asia and the South Caucasus have more in common with London buses than you would expect.

An old adage says that you wait for ages for a London bus and then two come along at once. To some extent, the same could be said of former presidents in Central Asia and the South Caucasus.

In Bishkek, a judge marked a first by imprisoning former president Almazbek Atambayev for 11 years for corruption. He is the first former president in the region to be imprisoned but is likely to be followed quickly by two more. In Armenia, former presidents Robert Kocharyan and Serzh Sargsyan are in and out of court and both appear destined for a spell in prison.

There have, of course, been other attempts to imprison former presidents in Central Asia, but they have failed. Just. Kurmanbek Bakiyev, a former president in Kyrgyzstan, was found guilty of corruption after a revolution in 2010 but had already fled to Belarus and Mikheil Saakashvili, Georgia’s former president, has also been found guilty of corruption but is living and working in Ukraine.

The point is that unless they are very careful, incoming governments tempted to set prosecutors onto the trail of former presidents and their various associates, look like they are more interested in settling scores than governing. 

Rightly, US and EU diplomats have lobbied for various governments not to go down this route. It undermines their credibility and damages both relations with foreign investors, who don’t like the aggressive headlines, and also ordinary people’s trust in politics.

Perhaps it would have been better in Kyrgyzstan and Armenia and Georgia to spend less energy on settling old scores and more on improving people’s lives? The drivers can be different — in Kyrgyzstan, Pres. Sooronbai Jeenbekov had to stop Atambayev dominating politics; in Armenia, PM Pashinyan felt that he needed to perpetuate the popular revolution of 2018 and punish former governments for shooting dead anti-government protests in 2008; in Georgia, the incoming Georgian Dream coalition government needed to prove that Saakashvili and his government were as corrupt and evil as they had claimed in an acrimonious pair of elections — but the results are the same.

And it perpetuates as the next incoming government will be tempted to right the wrongs that they have also been nursing. 

When this cycle is broken, politics in the region will have truly grown up. 

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— This story was first published in issue 451 of the Central Asia & South Caucasus Bulletin on June 23 2020

— Copyright the Central Asia & South Caucasus Bulletin 2020