Official Ankara has condemned President Serzh Sarkisian for angrily rejecting its invitation to attend the upcoming commemoration of a 1915 battle in Turkey which is timed to coincide with the centenary of the Armenian genocide in the Ottoman Empire.
Amal Clooney, a world-famous lawyer, urged the European Court of Human Rights (ECHR) not to give the green light to public denial of the 1915 Armenian genocide on Wednesday as she represented Armenia in a high-profile case involving a controversial Turkish politician.
President Serzh Sarkisian on Monday accused Azerbaijan of again heightening tensions in the Nagorno-Karabakh conflict zone and said the Armenian military could step up retaliatory strikes against Azerbaijani forces to prevent fresh truce violations.
In the largest drug trafficking case in Armenia’s history, a Turkish man arrested in Yerevan a year ago has been convicted of smuggling 850 kilograms of heroin into the country and sentenced to 19 years in prison.
Russia has accused unnamed foreign forces of exploiting public outrage caused by last week’s slaughter of seven members of an Armenian family in Gyumri for “geopolitical” purposes.
Signaling concerns over unprecedented anti-Russian protests in Gyumri, President Vladimir Putin reportedly assured his Armenian counterpart Serzh Sarkisian on Sunday that Moscow will help to punish those responsible for the killing of six members of a local Armenian family.
The European Union announced on Friday the disbursement of 77.5 million euros ($91 million) in fresh financial assistance to Armenia which it said will support “bold reforms” promised by the country’s government.
Amid mounting anger in Gyumri, the Russian military on Thursday pledged to ensure “the most severe punishment” for one of its soldiers believed to have killed six members of a local Armenian family.
The International Monetary Fund renewed on Tuesday its calls for the Armenian authorities to speed up key reforms as it provided them with a fresh $17 million loan tranche designed to boost macroeconomic stability in the country.
Information technology (IT) companies remain the fastest-growing sector of Armenia’s economy that has expanded by 25 percent in 2014, according to official statistics.
Economic growth in Nagorno-Karabakh has averaged about 10 percent annually in the past several years and will continue unabated in 2015, according to the authorities in Stepanakert.
The governments of Armenia and Georgia formalized on Wednesday their plans to build a new bridge on the border between the two countries in an effort to facilitate bilateral trade and travel.
The Central Bank of Armenia (CBA) raised its benchmark interest rate for the first time in more than a year on Tuesday, citing the need to curb inflation after a considerable depreciation of the national currency, the dram.
Overcoming fierce resistance from environmentalists, a private mining company has officially launched production operations at Armenia’s second largest copper deposit that will significantly increase output in the main export-oriented sector of the Armenian economy.
The Armenia dram rallied against the U.S. dollar for a second consecutive day on Friday amid more signs of stabilization in Russia’s volatile currency market severely affected by falling oil prices.
Armenia and Iran have reportedly agreed to start building early next year a third high-voltage transmission line connecting their power grids which is expected to lead to a sharp increase in Armenian electricity exports to the Islamic Republic.
The Armenian dram strengthened against the U.S. dollar by 16 percent on Thursday after weeks of depreciation that accelerated dramatically earlier this week amid turmoil in Russia’s currency market.
The more than month-long depreciation of the Armenian dram has accelerated this week amid a deepening financial crisis in Russia, the main source of vital cash remittances to Armenia.
Armenia has become the third most militarized country in the world after Israel and Singapore due to the unresolved the Nagorno-Karabakh conflict, according to an annual survey conducted by a German think-tank promoting peace.
Prime Minister Hovik Abrahamian appealed to the Central Bank of Armenia (CBA) on Friday to crack down on “speculative” currency trading in the local market on Friday as the Armenian dram depreciated further against the U.S. dollar.
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