Prime Minister Tigran Sarkisian pledged to markedly improve Armenia’s business environment, crack down on tax evasion by the rich and strengthen the broader rule of law as he laid out his government’s new and ambitious reform agenda on Wednesday.
The International Monetary Fund (IMF) warned on Thursday that it could freeze further financial assistance to Armenia if the authorities in Yerevan continue to heavily intervene in the local financial market to prop up the national currency, the dram.
In an unexpected about-face, John McCain, a U.S. senator and former Republican presidential nominee, has reportedly described the 1915 mass killings and deportations of Armenians in the Ottoman Empire as genocide.
Opposition leader Levon Ter-Petrosian on Wednesday signaled his readiness, in principle, to recognize the legitimacy of President Serzh Sarkisian and launched a scathing attack on nationalist critics of Armenia’s ongoing rapprochement with Turkey.
The presidents of Armenia and Azerbaijan have agreed to meet soon for the sixth time this year, international mediators said late on Friday at the end of a regular tour of the Nagorno-Karabakh conflict zone.
Underscoring its satisfaction with economic policies of the Armenian authorities, the International Monetary Fund has disbursed a fresh $60 million installment of a large-scale loan designed to help them cope with the ongoing economic crisis.
President Serzh Sarkisian continued to defend his conciliatory policy on Turkey on Monday, reiterating that his administration will not stop seeking international recognition of the Armenian genocide or make additional concessions to Azerbaijan.
Official Yerevan has refrained so far from backing a U.S. congressional resolution that calls on President Barack Obama to officially describe the 1915-1918 mass killings and deportations of Armenians in the Ottoman Empire as genocide.
Turkey’s parliament will not ratify the normalization agreements with Armenia unless international efforts to resolve the Nagorno-Karabakh conflict yield a breakthrough, according to Foreign Minister Ahmet Davutoglu.
The head of Russia’s Federal Agency on Atomic Energy (Rosatom), Sergey Kirienko, ended at the weekend a two-day visit to Armenia during which he discussed with Armenian leaders growing bilateral cooperation on nuclear energy. (UPDATED)
Defense Minister Seyran Ohanian left for Slovakia’s capital Bratislava on Friday to attend a high-level NATO conference on Afghanistan, in a further indication that Armenia will commit troops for the NATO-led mission in the war-torn country.
Two members of the U.S. Senate have introduced legislation calling on President Barack Obama to officially term the 1915-1918 mass killings and deportations of Armenians in the Ottoman Empire a genocide.
The United States will continue to press for a speedy and unconditional implementation of the landmark Turkish-Armenian agreements, a top U.S. diplomat was reported to say during her first visit to Yerevan on Tuesday.
Armenia will not reach a higher level of development unless its leadership changes the “oligopolistic” structure of the national economy, bolsters the rule of law and shows “zero tolerance” of corruption, the World Bank’s managing director warned over the weekend.
The Armenian Revolutionary Federation (Dashnaktsutyun) pledged to step up its campaign against the controversial Turkish-Armenian agreements but again refrained from demanding President Serzh Sarkisian’s resignation as it rallied more than two thousand supporters in Yerevan on Friday.
The European Union announced on Friday plans to provide Armenia with 100 million euros ($149 million) in assistance designed to alleviate its worst economic downturn since the early 1990s.
Turkey will not normalize relations with Armenia before a breakthrough in the Nagorno-Karabakh peace process, Prime Minister Recep Tayyip Erdogan said on Sunday, raising more questions about the implementation of landmark Turkish-Armenian agreements signed the previous night.
The Armenian government is seeing the first signs of economic recovery in the country and has no plans yet to seek additional anti-crisis loans from multilateral lending institutions, according to Economy Minister Nerses Yeritsian.
President Serzh Sarkisian dismissed domestic and Diaspora criticism of his conciliatory policy towards Turkey on Thursday after wrapping up a tense intercontinental tour of major Armenian communities abroad that sparked angry street demonstrations.
The International Monetary Fund and the World Bank have reaffirmed their strong support for the reopening of the Turkish-Armenian border, saying that its positive impact on Armenia’s recession-hit economy could be felt as early as next year.
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