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Armenia's Economic Pulse

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  • Re: Armenia's Economic Pulse

    TELETHON TRENDS: SHIFT IN CHARITY PLEDGES INDICATIVE OF ARMENIA-DIASPORA RELATIONS

    SOCIETY | 28.11.12 | 12:32

    By NAIRA HAYRUMYAN
    ArmeniaNow correspondent

    The results of the 15th annual telethon in support of the All-Armenian
    Hayastan Fund have reaffirmed the final shift in cooperation between
    Armenia and Karabakh, and the worldwide Armenian Diaspora.

    While only a few years ago most of the donations to the Fund,
    especially large ones, would come from Armenian Americans, then now
    the major contributors are Russian Armenians.

    The share of the pledges by Russian Armenians in 2012 made $12.1 of
    the total amount of donations that stood at about $21.4 after last
    Thursday's Thanksgiving Day Telethon broadcast from the United States.

    The largest donations were pledged by President of the RESO-Garantia
    company Sergei Sarkisov ($4 million plus $10,000 for school No. 1 of
    Stepanakert), chairman of the Sobesednik publishing house Levon
    Hayrapetyan ($2 million), president of the Tashir group of companies
    Samvel Karapetyan ($1.5 million), president of the Afina Pallada group
    of companies Hayk Magakelyan ($ 1 million), director-general of the
    Luding company Armen Shahazizyan ($600,000), head of the Union of
    Armenians of Russia Ara Abrahamyan ($500,000).

    During the first ten telethons organized for the benefit of the
    Hayastan Fund the main "competing" parties in terms of the donated
    amounts were mainly prominent Armenian-American philanthropists, such
    as Louise Manoogian Simone, Albert Boyajian, the Hovnanian family. But
    now they mostly prefer staying away from the fundraiser. During the
    2011 telethon a sum of $11 million was donated by Argentine-Armenian
    magnate Eduardo Eurnekian, but this year he did not announce any
    donation.

    Experts link such changes to several factors. First of all, of course,
    the growing distrust among the Western part of the Armenian Diaspora
    to the authorities in Yerevan and Stepanakert that have ultimately
    "oligarchized" and monopolized the economy. It has been said time and
    again that the funds collected through such fundraisers are not used
    effectively and that the share of so-called "kickbacks" is high, a
    claim routinely discarded by the Fund management.

    Secondly, after the election of Bako Sahakyan as president of Karabakh
    ties between Stepanakert and the Western Diaspora almost came to a
    halt, while there was a boost in relations with Armenian entrepreneurs
    from Russia. With many of them Sahakyan is acquainted personally as
    for several years he represented Armenia in the KGB of Russia.

    President Sahakyan attended a Hayastan Fund charity dinner in Moscow
    on November 8 during which he enumerated the projects that have been
    implemented in Karabakh in the past several years and praised the
    "brothers and sisters" in Russia for their investments and
    contributions to the projects.

    While Armenia has declared a policy of European integration and is
    developing closer ties with Europe and the United States, Karabakh
    still clearly remains pro-Russian. There is already a growing body of
    opinion, however, that questions the possibility of Yerevan's European
    integration without Karabakh. Perhaps this is what the recent visit to
    Karabakh by a delegation of the Armenia-European Union parliamentary
    committee led by its co-chairman Samvel Farmanyan was connected with.

    During the visit the sides discussed the possibilities of establishing
    relations between the NKR and Europe. At present, these links exist
    only at the level of non-governmental organizations - it is already
    two years that the EU has allocated funds for grants to civic
    organizations in Karabakh.
    Hayastan or Bust.

    Comment


    • Re: Armenia's Economic Pulse

      Interesting, we are building closer ties with Turkmenistan. I say go for it!
      Մեկ Ազգ, Մեկ Մշակույթ
      ---
      "Western Assimilation is the greatest threat to the Armenian nation since the Armenian Genocide."

      Comment


      • Re: Armenia's Economic Pulse

        Originally posted by Haykakan View Post
        TELETHON TRENDS: SHIFT IN CHARITY PLEDGES INDICATIVE OF ARMENIA-DIASPORA RELATIONS

        SOCIETY | 28.11.12 | 12:32

        By NAIRA HAYRUMYAN
        ArmeniaNow correspondent

        The results of the 15th annual telethon in support of the All-Armenian
        Hayastan Fund have reaffirmed the final shift in cooperation between
        Armenia and Karabakh, and the worldwide Armenian Diaspora.

        While only a few years ago most of the donations to the Fund,
        especially large ones, would come from Armenian Americans, then now
        the major contributors are Russian Armenians.

        The share of the pledges by Russian Armenians in 2012 made $12.1 of
        the total amount of donations that stood at about $21.4 after last
        Thursday's Thanksgiving Day Telethon broadcast from the United States.

        The largest donations were pledged by President of the RESO-Garantia
        company Sergei Sarkisov ($4 million plus $10,000 for school No. 1 of
        Stepanakert), chairman of the Sobesednik publishing house Levon
        Hayrapetyan ($2 million), president of the Tashir group of companies
        Samvel Karapetyan ($1.5 million), president of the Afina Pallada group
        of companies Hayk Magakelyan ($ 1 million), director-general of the
        Luding company Armen Shahazizyan ($600,000), head of the Union of
        Armenians of Russia Ara Abrahamyan ($500,000).

        During the first ten telethons organized for the benefit of the
        Hayastan Fund the main "competing" parties in terms of the donated
        amounts were mainly prominent Armenian-American philanthropists, such
        as Louise Manoogian Simone, Albert Boyajian, the Hovnanian family. But
        now they mostly prefer staying away from the fundraiser. During the
        2011 telethon a sum of $11 million was donated by Argentine-Armenian
        magnate Eduardo Eurnekian, but this year he did not announce any
        donation.

        Experts link such changes to several factors. First of all, of course,
        the growing distrust among the Western part of the Armenian Diaspora
        to the authorities in Yerevan and Stepanakert that have ultimately
        "oligarchized" and monopolized the economy. It has been said time and
        again that the funds collected through such fundraisers are not used
        effectively and that the share of so-called "kickbacks" is high, a
        claim routinely discarded by the Fund management.

        Secondly, after the election of Bako Sahakyan as president of Karabakh
        ties between Stepanakert and the Western Diaspora almost came to a
        halt, while there was a boost in relations with Armenian entrepreneurs
        from Russia. With many of them Sahakyan is acquainted personally as
        for several years he represented Armenia in the KGB of Russia.

        President Sahakyan attended a Hayastan Fund charity dinner in Moscow
        on November 8 during which he enumerated the projects that have been
        implemented in Karabakh in the past several years and praised the
        "brothers and sisters" in Russia for their investments and
        contributions to the projects.

        While Armenia has declared a policy of European integration and is
        developing closer ties with Europe and the United States, Karabakh
        still clearly remains pro-Russian. There is already a growing body of
        opinion, however, that questions the possibility of Yerevan's European
        integration without Karabakh. Perhaps this is what the recent visit to
        Karabakh by a delegation of the Armenia-European Union parliamentary
        committee led by its co-chairman Samvel Farmanyan was connected with.

        During the visit the sides discussed the possibilities of establishing
        relations between the NKR and Europe. At present, these links exist
        only at the level of non-governmental organizations - it is already
        two years that the EU has allocated funds for grants to civic
        organizations in Karabakh.
        There were more donations made by Armenians in Armenia and Artsakh($2.6 mill) than American-Armenians($2.1 mill)
        corruption or not, this is shameful

        Comment


        • Re: Armenia's Economic Pulse

          Here is some real information about the Armenian economy and where it is smart to invest in. This is done by an organization that is not affiliated with the opposition or the government forces. This is the best third party source you will find.
          Explore the rich heritage and vibrant community of the Armenian Diaspora with Repat Armenia. Connect with your roots and discover opportunities to engage with Armenia.

          Comment


          • Re: Armenia's Economic Pulse

            TWO STRATEGIC ENTERPRISES TO BE OPENED IN ARMENIA IN 2013

            YEREVAN, January 14. /ARKA/. Two strategic enterprises will be set
            up in Armenia this year, Armenia's Economy Minister Tigran Davtyan
            told reporters on Monday.

            "ASKE Group" Charentsavan metallurgical complex will be launched
            in the near months. It will process black metals and produce the
            important for us production, which we will not import anymore. It is
            quite a big enterprise equipped with Siemens modern technology. It
            will provide hundreds of new jobs," Davtyan said.

            Earlier, one of ASKE Group founders, Vahan Harutyunyan, said the
            manufacturing capacity of the new armature producing plant will be
            125,000 tons per annum. The total investments value stood at 7.8
            billion drams.

            Davtyan added the second enterprise-Astral Crystal-will be growing
            crystals.

            "This is a very interesting, high-technical production. The required
            technology has already been provided," Minister said.

            In the framework of the 4.2-billion-dram program 20 new jobs with an
            average wages of 180, 000 drams will be offered.

            Astra Crystal CJSC , founded in 2011, operates in processing technical
            crystals, as well as raw sapphire.

            Natfood, Nubarashen poultry factory and Ararat group are to be launched
            in 2013, Economy Ministry said. ($1 - 408.59 drams).-0-
            Hayastan or Bust.

            Comment


            • Re: Armenia's Economic Pulse

              Armenia Eyeing Setting Up Joint Car Assembly Line with Iran

              TEHRAN (FNA)- An Armenian provincial official said his country is ready for mutual cooperation with Iran's Northwestern province of East Azarbaijan in the auto-making industry.

              Governor-General of Armenia's Syunik province Suren Khachatrian made the remarks in a meeting with Governor-General of East Azarbaijan Alireza Beigi in Tabriz on Tuesday.

              "Syunik province can pave the way for the presence of East Azarbaijan's auto industry in global markets by setting up assembly lines of Iranian cars," Khachatrian said.

              He noted that the two countries have considerable capacities for boosting and reinvigorating their joint investments.

              Armenia is a member of the World Trade Organization and its Gross Domestic Product hits $9.4bln.

              Armenia's per capita income is $5,700 and the volume of foreign investment in the country is $570mln.

              Last month, Iranian Ambassador to Yerevan Mohammad Rayeesi stressed the age-old and close ties and cooperation between Tehran and Yerevan, and said the relations with Armenia are of great importance to Iran.

              The Islamic Republic of Iran welcomes expansion of ties with Armenia, Rayeesi said in December, adding that Iran is willing to develop cooperation with Armenia in all areas on mutual interests.

              He made the remark during his tour of Yerevan College for International Relations Studies.

              In recent years, Iran and its Northern neighbor Armenia have boosted cooperation, signed agreements on energy cooperation and agreed to cooperate in technology and research and to enhance ties in commerce and economy.

              Iranian President Mahmoud Ahmadinejad and his Armenian counterpart pledged in December 2011 to further expand "high-level relations" between their nations and, in particular, give new impetus to the implementation of joint energy projects that have fallen behind schedule.

              In early October, Iranian Foreign Minister Ali Akbar Salehi and his Armenian counterpart Edward Nalbandian met at the UN Headquarters in New York to discuss bilateral ties and regional and international issues.

              Azerbaboon: 9.000 Google hits and counting!

              Comment


              • Re: Armenia's Economic Pulse

                I wonder what kind of car/cars they plan on making?
                Hayastan or Bust.

                Comment


                • Re: Armenia's Economic Pulse

                  Honestly I never liked the Iranian cars in Armenia. Not of very high quality. But let's see what happens. would be better to team up with Japan or South Korea, they have some great automobiles.
                  Մեկ Ազգ, Մեկ Մշակույթ
                  ---
                  "Western Assimilation is the greatest threat to the Armenian nation since the Armenian Genocide."

                  Comment


                  • Re: Armenia's Economic Pulse

                    Yeh but Japan and south Korea dont share a border with Armenia nor have they offered any partnerships like Iran has. I am very optomistic about our relations with Iran.
                    Originally posted by Mos View Post
                    Honestly I never liked the Iranian cars in Armenia. Not of very high quality. But let's see what happens. would be better to team up with Japan or South Korea, they have some great automobiles.
                    Hayastan or Bust.

                    Comment


                    • Re: Armenia's Economic Pulse

                      Originally posted by Haykakan View Post
                      Yeh but Japan and south Korea dont share a border with Armenia nor have they offered any partnerships like Iran has. I am very optomistic about our relations with Iran.
                      Same here, i'm extremely pleased at our relations with them and hope sanctions obstacles can be surpassed.

                      In the meantime, while this automotive cooperation is still only in talks mode, here's a look at Iran's automotive industry: http://en.wikipedia.org/wiki/Automot...dustry_in_Iran

                      EDIT: I remembered we had a thread on Iranian cars started by KanadaHye if anybody wants to check it out: http://forum.hyeclub.com/showthread....-Iranian-Autos
                      Azerbaboon: 9.000 Google hits and counting!

                      Comment

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