Stronger U.S. pressure on Turkey is essential for salvaging its fence-mending agreements with Armenia and the administration of President Barack Obama understands that, according to a renowned U.S. scholar who was actively involved in Turkish-Armenian reconciliation initiatives.
The administration of U.S. President Barack Obama has asked Congress to keep annual U.S. assistance to Armenia virtually unchanged next year, steering clear of a sharp aid cut which it unsuccessfully sought last year.
The Armenian government approved on Friday a new program to spur mortgage lending in the country, saying that it will help hundreds and possibly thousands of young families buy apartments.
Armenia’s economic recession eased further last month, resulting a full-year Gross Domestic Production fall of 14.4 percent, according to official statistics released on Monday.
The United States welcomed a controversial ruling by Armenia’s Constitutional Court late on Friday, effectively dismissing Turkey’s claims that it runs counter to the Turkish-Armenian fence-mending agreements.
International mediators said on Friday that they have modified their existing plan to resolve the Nagorno-Karabakh conflict and presented it to the Armenian and Azerbaijani presidents ahead of their fresh face-to-face negotiations scheduled for Monday.
Armenia’s state budget deficit stretched to a record high level equivalent to roughly 7.4 percent of Gross Domestic Product last year due to a serious shortfall in the government’s tax revenues, Finance Minister Tigran Davtian said on Wednesday.
The U.S. Embassy in Yerevan on Thursday criticized a weekend by-election to Armenia’s parliament and urged the authorities to prosecute those responsible for “numerous irregularities” witnessed by American and local observers. (UPDATED)
U.S. Secretary of State Hillary Clinton will meet next month with representatives of the leading Armenian organizations in the United States to discuss Armenia’s controversial agreements with Turkey strongly backed by Washington. (UPDATED)
Opposition leader Levon Ter-Petrosian urged supporters not to fall into “despair” but shed little light on his further political activities on Friday as he campaigned for one of his imprisoned loyalists running for parliament.
Armenia’s mining and metallurgical companies, the largest export-oriented sector of the national economy, appear to have ended 2009 with significant production gains resulting from a rally in global prices of copper and other base metals.
The number of individuals prosecuted and imprisoned on human trafficking charges in Armenia has almost tripled in 2009, according to the national police.
The dramatic contraction of Armenia’s economy continued to ease last month, with Gross Domestic Product (GDP) shrinking by 16 percent in the first eleven months of this year, according to official statistics released on Monday.
Armenia and Russia have agreed to work together in exporting weapons and other military equipment to third countries, the Defense Ministry in Yerevan announced on Thursday.
U.S. Ambassador to Armenia Marie Yovanovitch has been granted a prestigious State Department award for pressing the Armenian authorities to tackle chronic vote rigging and respect the rights of opposition members arrested following last year’s presidential election.
U.S. Secretary of State Hillary Clinton telephoned President Serzh Sarkisian late Thursday just hours after he threatened to annul Armenia’s fence-mending agreements with Turkey if Ankara fails to unconditionally implement them, it emerged on Friday.
The government pledged on Tuesday to attract large-scale foreign investments and provide direct assistance to Armenia’s diamond-processing industry, once a key sector of the national economy that has rapidly declined in recent years.
President Serzh Sarkisian called on Saturday for a major transformation of his Republican Party of Armenia (HHK) that would democratize its structure and make it more responsive to the views of its political opponents.
The European Bank for Reconstruction and Development (EBRD) is on course to double its investments in Armenia’s private sector to $150 million this year, according to one of its top executives visiting Yerevan.
Harry Reid, the U.S. Senate majority leader, has thrown his weight behind legislation calling on President Barack Obama to officially recognize the 1915-1918 mass killings and deportations of Armenians in the Ottoman Empire as genocide.
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