November 2002 Events
November 1 The Presidents of Armenia and Azerbaijan will hold another meeting later this month, news agencies reported this week. Robert Kocharian and Heydar Aliyev will meet during the upcoming NATO Summit in Prague on November 22. Prior to that, on November 14, presidential envoys Tatoul Margarian and Araz Azimov will meet in Vienna together with mediators from France, Russia and the United States. Meanwhile, U.S. Ambassador to Armenia John Ordway visited Azerbaijan to acquaint himself with the situation there. His Baku colleague, Ambassador Ross Wilson, made a similar visit to Yerevan six months ago.
Foreign Minister Vartan Oskanian emphasized last week the importance of continuing such meetings, even as both countries shift their focus towards presidential elections. Speaking this week, Oskanian said that the unsettled nature of the conflict with Azerbaijan remains the single most dangerous threat to the security and well-being of citizens of Armenia and Nagorno Karabakh. He noted, however, that a settlement proposal currently on the table (and presumably already discussed by Aliyev and Kocharian) might become acceptable to both sides. In the first interview since his appointment, Nagorno Karabakh's Foreign Minister Ashot Ghoulian called the Azerbaijani government's hopes to annex Karabakh "outdated." He claimed that there is no "mortal enmity" between Armenians and Azerbaijanis, and called on official Baku to "discard its ambitions." 
November 1 Armenia's government expects an approximately 10 percent rise in budget revenue and expenditure next year, Finance and Economy Minister Vardan Khachatrian said this week. According to the budget proposal just submitted to parliament, next year's revenues are estimated at $494 million and spending at $580 million. Loans from international financial institutions would cover much of the budget deficit. The National Assembly will take up the budget proposal in December, following a month-long review in parliamentary committees.
Khachatrian said that most of the increased expenditure will cover planned increases in public sector salaries, starting January 1, 2003. Tax and customs officials will see the most substantial hikes to their wages. Armenia's teachers, cultural workers and retirees will also enjoy modest increases to their currently very low wages and pensions. Starting July 1, 2003, following presidential and parliamentary elections, the government proposal also calls for doubling of salaries of senior officials, including the president, prime minister, government and parliament members.
The government hopes to increase the revenue by continuing to crack down on the "shadow" economy and introducing higher property taxes on Armenia's rich. The budget proposal estimated the 2003 Gross Domestic Product (GDP) growth at 7.2 percent and annual inflation at under 3 percent. 
November 1 As part of the effort to improve government transparency, Armenia's Civil Service Council oversaw the first competitive hiring of government staff this week, its chairman Manvel Badalian reported. The council tested the new system by holding an open competition for vacancies in the council itself. Out of 529 applicants, several dozen succeeded in passing two rounds of written tests and interviews, filling most of the 55 vacancies at the Council. Next week the council will hold a competition for 36 positions as chiefs of staff in various government agencies. President Kocharian appointed the six-member council earlier this year. 
In another measure designed to improve government officials' accountability, the Ministry of State Revenue announced plans to expand the number of government officials who will be required to file income declarations. The mandatory system was introduced last year and so far covers all senior and some mid-level officials. This time, all of Armenia's tax, customs and police employees will also be required to declare their total family incomes by March 15, 2003.
November 1 Owners of Armenia's electricity grid, the British offshore-registered Midland Resources may soon hire a large German company to manage the network, says an informed Radio Free Europe / Radio Liberty source. The Siemens engineering group is expected to land a management contract by December 1. Midland Resources bought the debt-ridden Armenian electricity network last August, after the government failed to attract better-known companies from the United States and Europe. Midland managers have since promised to hire professionals to run the grid. The company's own experience has so far largely been in the production and sale of steel. Midland has also invested in an Armenian agricultural company.
Siemens has an established international presence and has already been involved in Armenia's energy and telecommunications sectors. Last year, the German company bid for 25-year management rights for the electricity network in Baku, the Azerbaijani capital, but the Azerbaijani government preferred a Turkish company. The transfer of management rights to Siemens is likely to unlock a $20 million loan from the World Bank. Over a year ago, the Bank conditioned the loan to a successful privatization of the grid.
November 1 Officials from the International Atomic Energy Agency (IAEA) this week denied claims frequently made by Azerbaijan that Armenia "illegally buries nuclear waste" in former Azerbaijani districts (now under control of Nagorno Karabakh). The IAEA oversees the safe operation of the Armenian Nuclear Power Plant at Metsamor. The head of the agency's Europe section Massoud Samiei and Coordinator for Slovakia Jozef Zlatnansky said that "IAEA inspections have verified that all the spent [nuclear] fuel is kept within the grounds of the plant." A French-German nuclear energy company Framatome ANP built a multi-million dollar storage facility for radioactive materials at Metsamor four years ago. 
The IAEA representatives confirmed that Azerbaijani officials have brought up the allegations, but provided no evidence. As recently as last week, Ilham Aliyev, son of the Azerbaijani president, who occupies several key government and political positions in Baku, repeated the claim while addressing a Johns Hopkins University audience in Washington, DC. He added that "everything we say is true, everything [Armenians] say is a lie." Armenia has repeatedly denied the Azerbaijani allegations, which in addition to nuclear waste, relate to alleged sponsorship of terrorism, drug trafficking and almost a dozen other charges. The IAEA has suggested a meeting between Armenian and Azerbaijani officials "to sort out the problem." 
November 1 President Heydar Aliyev has publicly ruled out another war as a way to settle the conflict with Nagorno Karabakh, his subordinates continue their efforts to directly involve the largely disinterested public in various propaganda exercises. Officials at nearly all government ministries and agencies have initiated a "voluntary-mandatory" contribution of up to half of their employees' salaries to go to the recently established presidential war fund. Contributions range from over $30,000 at the state-owned Caspian Shipping Company to around $4,000 from educators and under $1,000 from Baku subway workers, with some individual supporters giving up to $100. According to the Union of Independent Teachers of Azerbaijan, secondary school teachers have been informed that between 25 and 50 percent of their already meager salaries will be diverted to the fund. The Union says that teachers are afraid for their jobs and refuse to complain publicly. Members of the Azerbaijani Parliament, dominated by Aliyev loyalists, who began the fundraising drive a few weeks ago, pledged to transfer one-fourth of their salaries to the fund.
Meanwhile, in another unusual twist, a leading non-government television station, which is known for its ultra-nationalist rhetoric, suggested using hundreds of Azerbaijan's homeless children to "set up a suicide battalion" to fight against Armenians. Earlier efforts to meet Azerbaijan's security challenges included a decision by the late President Abulfez Elchibey to release over seven hundred prisoners, the majority of them with criminal records, to fight in Karabakh; less than a year later President Aliyev gave a go-ahead to the deployment of over 1,000 Afghan mujaheddin.
November 1 Interviewed by the CBS "60 Minutes" news magazine last Sunday, a former Federal Bureau of Investigations (FBI) employee Sibel D. Edmonds accused an unnamed Turkish intelligence officer, reportedly based at the Turkish Embassy in Washington earlier this year, of cultivating spies inside the U.S. State Department and at the Pentagon. Edmonds, who is a naturalized U.S. citizen from Turkey, worked as a Turkish and other Middle Eastern languages specialist at the FBI Washington field office before she was fired last March. She claimed that one of her colleagues at the FBI, also a native of Turkey, and her husband, a U.S. Air Force major, tried to recruit her to work for the Turkish officer in question, and threatened her family in Turkey, when she refused. In July Edmonds filed a lawsuit against her former superiors, which Attorney General John Ashcroft requested to be dismissed, citing the state secrets privilege. The FBI is reportedly conducting an internal investigation into the matter.
November 1 - 8 Armenian parliamentarians do not anticipate positive changes in Turkey's policy towards Armenia following the electoral triumph of the Islamic-leaning Justice and Development Party (AKP) last Sunday, although the Armenian Foreign Ministry has so far refrained from official comment. In what some have described as a "political earthquake," AKP won by a margin unmatched by any other Turkish party in the last decade. It will now be able to avoid forming a coalition and will establish a one-party government. Meanwhile, all but one of the traditionally secular Turkish parties, widely blamed for the ongoing economic crisis in the country, suffered a major defeat and will no longer be represented in parliament. 
Turkish Islamists have traditionally been considered to be proponents of a less aggressive policy on Armenian issues than their nationalist secular counterparts. Two months ago, one of the top AKP leaders Abdullah Gul expressed support for economic relations with Armenia as a way to ease political tension. But leaders of the pro-government majority in the Armenian Parliament sounded skeptical about such a possibility. Citing AKP leaders' recent pledges to continue to support the Azerbaijani position in the Karabakh conflict, Republican Tigran Torosian and Dashnak Armen Rustamian said that positive changes should not be anticipated. The AKP's desire for Turkey to play a leadership role in the Muslim world is also worrying the chairman of the Foreign Affairs Committee Hovanes Hovanisian and opposition leader Artashes Geghamian, who are concerned that a change may be for the worse. 
Although the AKP leader Tayyip Erdogan has described Israeli policy towards Palestine as "terrorism of [its Prime Minister Ariel] Sharon," he did not signal any immediate changes in Israeli-Turkish relations. Erdogan declared Turkey's move towards the European Union (EU) membership and easing of some of the state-imposed restrictions on Islam, to be his party's priorities. This is the second time that Turks have elected an Islamic-leaning government. Nejmeddin Erbakan's Welfare Party's (RP) coalition with a secular party established in 1996 lasted for less than a year, collapsing under pressure from the military. AKP split from RP soon after and, operating in the shadow of the military, has positioned itself as a religiously moderate, conservative party. Some secular Turkish observers are making the argument that the AKP style and support base are closer to that of Turkey's traditional center-right and nationalist parties than to its RP predecessors. 
November 1 - 8 Following protracted talks, senior Armenian and Russian officials have finalized an agreement this week that gives Russia control over Armenia's largest thermal power plant, an electronics company and three research institutes in exchange for settlement of a $100 million state debt. Russian Prime Minister Mikhail Kasyanov arrived in Armenia to seal the deal that has been negotiated by Defense Minister Serge Sargsian and Russia's Industry Minister Ilya Klebanov, who are co-chairs of the bilateral economic committee. Kasyanov described the agreement as a Russian investment in the Armenian economy. Both sides said the arrangement is mutually beneficial, opening a possibility for regional electricity export from Armenia and stimulating research and development that used to be part of the Soviet military-industrial complex. 
Roger Robinson, who represents the World Bank, Armenia's largest foreign donor, said the agreement was "a positive step" that would make electricity exports easier and take a significant financial burden off Armenia's budget. According to Finance Minister Vardan Khachatrian the agreement allows Armenia to save $18 million in interest payments that could now be spent on social programs. Armenia's debt to Russia has been collected largely since 1995, when Russia helped restart Armenia's nuclear power plant and from supplies of natural gas. 
Kasyanov said that the Russian government would determine companies' operators in the next six months. The Hrazdan Thermal Power Plant, the largest of the five transferred entities, is now likely to receive Russian natural gas at a significantly discounted rate, which will make its electricity production more profitable. Kasyanov said that after Russia finds markets for electricity generated at Hrazdan, it will decide on whether to purchase its fifth and largest electricity-generating unit that is not included in the current deal. The construction of the fifth unit is expected to be completed by 2005.
The agreement will now require approval by the national parliaments. The majority of the Armenian lawmakers appeared this week to be in favor of the transfer, with only the pro-government Country of Law Party and several liberal opposition groups expressing objections. Leftist opposition leaders, including Artashes Geghamian of the National Accord Party and the Communists, backed the deal, but the People's Party chairman Stepan Demirchian, criticized the government for failing to consult him over the transfer of the Mars electronics company, of which he is a director. 
November 1 - 8 The U.S. Agency for International Development (USAID) announced this week that it will begin the final phase of a project in which it underwrites the purchase of apartments and houses for local families who lost their homes in the earthquake of 1988. Under an agreement signed with the Armenian government, USAID will distribute 3,000 housing certificates for apartments in addition to 2,400 already given to families living in metal shacks and other temporary shelters. Another 400 private houses will be built in rural settlements. The families use the certificates to help in the purchase of a home. 
Although some program beneficiaries in Gyumri, the largest city in the earthquake zone, charged that apartment prices have surged in the area and now exceed the average value of a certificate, the overall implementation of the program is considered highly successful. President Robert Kocharian said, "I would like to thank the U.S. Congress and government for their active participation in the rebuilding of the disaster zone." The Lincy Foundation is also working in the earthquake zone, assisting with planning and restoration. 
November 1 - 8 With roughly three months left until Armenia's next presidential elections, the incumbent President Robert Kocharian, Chairman of the National Accord Party Artashes Geghamian and Chairman of the People's Party Stepan Demirchian remain the top contenders for the nation's highest political office. But media and political speculation continues as to whether ex-President Levon Ter-Petrossian, who resigned in 1998 and has remained in self-imposed seclusion, may try to regain the post. 
Representatives of political parties allied with Kocharian have welcomed the possibility of a Ter-Petrossian run. Republican Galust Sahakian said that, while he will back Kocharian at the polls, he would prefer the main challenger to be an experienced politician such as Ter-Petrossian, rather than individuals who only recently entered politics. A leading pro-presidential daily argued this week that members and allies of the former ruling Armenian Pan-National Movement may have convinced Ter-Petrossian to run in 2003, because this may the last chance for him to secure sufficient financial and foreign political support to do so. 
Opposition politicians have largely dismissed the likelihood of the ex-President's comeback. In a reference to Ter-Petrossian's continued unpopularity, Geghamian said that he did not think the former President was "so detached from reality" to run for presidency. But a senior parliamentarian Shavarsh Kocharian, a long-time Ter-Petrossian opponent and one of the leading opposition activists, while also expressing doubt that he would run, said that the ex-President's nomination would benefit the opposition by splitting Kocharian's support base. But some observers believe Ter-Petrossian's participation is likely to further split the opposition itself. 
November 1 - 8 The state-run Armenian Airlines (AAL) was forced last week to cancel its highly popular direct flights to and from Los Angeles after a Belgian court declared their operator, Delsey Airlines, bankrupt. Earlier this year, AAL was forced to cancel all of its flights to most European destinations due to technical problems with its only Western-made aircraft and enforcement of noise restrictions on the rest of its aging Soviet-made fleet. A recently established private carrier, Armenian International Airlines (AIA) is now flying to Paris and Frankfurt and is expected to add a flight to Amsterdam next month. AAL and Delsey (formerly VG Airlines) jointly operated the flights between Yerevan and Los Angeles with a stopover in Brussels for just four months. In that period, AAL and other Armenian aviation services earned about $400,000. In addition to local carriers, Western travelers can also reach Armenia by British Airways via London, Austrian Airlines via Vienna or numerous carriers flying to major Russian cities.
November 1 - 8 The Armenian Foreign Ministry last week issued the first electronic visas to applicants from the United States and Germany. Any potential visitor to Armenia with access to a computer and a credit card is now able to apply for a tourist visa on-line (see the web site address below) and receive a response within two working days. An electronic visa will so far be only honored at Yerevan's Zvartnots International Airport. Should the United Nations-funded system prove successful it will then also be used at Armenia's borders with Georgia and Iran. Armenia is only the second country in the world, after Australia, to introduce the service.
November 8 - 15 Starting this week, Nagorno Karabakh's President Arkady Ghoukasian is visiting France and the United States to participate in the Hayastan All-Armenian Fund's drive to raise financial support for the ongoing construction of the highway that will connect the northern and southern parts of NKR. The highway is of a major economic and strategic significance for Karabakh. Among its benefits, it will allow farmers in Karabakh to move their produce quickly to markets throughout NKR and Armenia. Ghoukasian's delegation will be in New York November 18-22, and in Los Angeles November 22-30.
Last Sunday, Ghoukasian together with President Robert Kocharian and other officials inaugurated a new 6-mile stretch that connects the villages of Aygestan and Astkhashen, north of Stepanakert. Last year, two other sections of the highway, totaling 19 miles, were completed. They connected Astkhashen to Kichan in the Martakert district and the villages of Karmir Shuka and Drakhtik in southern NKR. The total cost of the 106-mile highway is estimated at $25 million, of which $6.2 million has already been raised.
November 8 - 15 Sixty-five representatives from seventeen NATO and partner countries met in Armenia this week to begin preparations for next year's military exercises in the framework of the Partnership for Peace Program. "Cooperative Best Effort 2003" exercises are scheduled to take place in Armenia next June. Major General Mikael Melkonian, who heads the Defense Ministry's international cooperation department, said the NATO-led exercises will involve upwards to 150 Armenian infantrymen, including cadets from the Yerevan Military Institute and specialists trained at the U.S. funded de-mining center in Echmiadzin. According to Melkonian, Turkey will most likely participate in the exercises, unlike Azerbaijan, which refused to send a representative to this week's meeting. Representatives of the Russian base headquartered in Gyumri will also take part.
Meanwhile, Defense Minister Serge Sargsian told the Parliament's Defense and Security Committee this week that Armenia's defense budget is anticipated to reach about $80 million next year, up from $60 million this year. Members of the National Assembly are currently reviewing the government's 2003 budget proposal. Azerbaijan's military spending will reach $140 million next year. Earlier this week, President Kocharian, together with Sargsian, made a three-day visit to several military units deployed along the Line of Contact with Azerbaijan. Kocharian reviewed the forces, honored outstanding officers and soldiers and met with residents of nearby villages.
November 8 - 15 Armenia's legislation and government policy provide the best opportunities for business activity and foreign investment of all of its neighbors and the entire Commonwealth of Independent States (CIS), according to findings released this week by a leading Washington think tank. The Index of Economic Freedom, prepared jointly by the Heritage Foundation and the Wall Street Journal, ranks the economic policies of more than 160 countries. Hong Kong, Singapore, Luxembourg, New Zealand and Ireland top the list of the world's "freest" economies, while countries such as North Korea and Iraq are at the very bottom of the list.
Armenia, on par with Hungary and South Africa, ranks 44th this year, having registered significant and steady progress from the 115th spot it held in 1996. Armenia's immediate neighbors however are not in the "free" or "mostly free" categories with Azerbaijan 104th, Georgia 113th, Turkey 119th, Russia 135th and Iran 146th. In the larger neighborhood, countries outscoring Armenia include the Baltic States, Cyprus, Israel, Kuwait and the United Arab Emirates. The study emphasizes Armenia's liberal trade regime and notes improvement in monetary policy and a decline in the government's fiscal burden. It also notes continuing problems such as the large shadow economic sector, excessive government regulation, weak protection of property rights and high wages and prices differential.
The study argues that countries with less government intervention in the economy and a lower level of protectionism provide best opportunities for economic growth. In three quarters of 2002, Armenia's economy grew by 11 percent, and last week the International Monetary Fund predicted the annual expansion to be 9.5 percent, which is close to last year's level. The latest government statistics list Russia, Belgium, Israel and the United States as Armenia's top trading partners. The composition of Armenian exports remains narrow, however, with cut diamonds and jewelry accounting for more than 50 percent. Companies located in Yerevan account for close to 60 percent of all trade.
November 8 - 15 Armenia's telecommunications monopoly, Armentel, is facing new legal challenges from the Armenian government over practices that reportedly violate the company's investment commitments and consumer rights. Ara Saghatelian, a spokesman for the Justice Ministry, which is handling all legal issues related to Armentel, said the company was hindering the work of British auditors hired by the government. Armentel's owner, the Hellenic Telecommunications Organization (OTE), has long been accused of not honoring the commitments it assumed when the company was privatized in 1998. In recent weeks, government officials and parliamentary leaders have renewed calls to abolish Armentel's monopoly and offered to discuss the matter in the near future.
Meanwhile, Transportation and Communications Minister Andranik Manukian denied Greek press reports this week that the OTE was planning to sell Armentel to Karabakh Telecom, which is run by a Lebanese-Armenian businessman. But Manukian and other officials said that, having lost faith in OTE's ability to modernize Armentel, they would welcome the company's takeover by more professional managers.
In a reflection of ongoing management problems at Armentel, its chief executive Nikos Georgulas submitted his resignation two weeks ago. Last week, threatened with confiscation of some of its Armentel shares, OTE finally transferred close to $1.5 million owed to the Armenian government for earlier Armentel-related litigation at the London-based International Court of Economic Arbitration.
November 8 - 15 Some 480,000 Armenian retirees will receive a pension check averaging $11.5 a month starting early next year, head of the Pension and Employment Fund Frunze Musheghian said this week. This amount is far below the unofficial substistence level of $40 a month, but it represents a 50 percent increase, compared to the beginning of 2002. Observers linked the increase, the third this year, to upcoming elections. Musheghian also said the government succeeded in clearing all late payments to pensioners this year.
November 8 - 15 Nominated this week by the National Democratic Union, Vazgen Manukian, Armenia's first post-Soviet Prime Minister (1990-91), appeared ready to contest the presidency once again. Manukian came close to defeating then incumbent Levon Ter-Petrossian in 1996, but was a distant third in the 1998 elections. The Socialist Armenia Union, which groups together half a dozen minor left-wing opposition parties, already has two candidates. They are the Democratic Party leader Aram G. Sargsian and senior member of the Homeland and Honor Party Garnik Margarian. The latter is likely to be backed by other Socialist Armenia members as well. Meanwhile, Professor Lenser Aghalovian has been nominated by a group of intellectuals.
Incumbent President Robert Kocharian and leaders of the opposition National Accord and People's Parties, Artashes Geghamian and Stepan Demirchian, have already announced plans to run. Recent media reports, citing individuals close to former President Ter-Petrossian, said his supporters were preparing to announce his candidacy. The leader of the opposition Party of the Republic, former Prime Minister Aram Z. Sargsian, said he was ready to back either Ter-Petrossian or Demirchian. Armenia's Communists are expected to nominate their leader Vladimir Darbinian.
Last week, Armenia's Central Election Commission (CEC) announced the election schedule. Candidates are required to apply officially to the CEC between November 21 and December 9. Signatures will be collected between December 11-31. Following verification of signature lists, the CEC will register the qualified candidates between January 1-20. Candidates will have until 8AM on February 9, election day, to withdraw from the race.
November 15 - 22 Presidents of Armenia and Azerbaijan, Robert Kocharian and Heydar Aliyev, this week continued their one-on-one dialogue although expectations for a Karabakh settlement are not high. The two presidents met during the NATO and Partner countries' summit in Prague. Following their talks they also met with mediators from France, Russia and the United States and, separately, with President of France Jacques Chirac. The presidents stressed the importance of continued dialogue in spite of the upcoming elections in both countries. Also during the summit NATO member states invited seven East European countries to join the Alliance. In its largest expansion to date, Bulgaria, Romania, Slovakia, Slovenia and the three Baltic states of Estonia, Latvia and Lithuania are expected to join the alliance. Russia has reportedly dropped its opposition to the inclusion of the former Soviet republics in the alliance. Earlier this week, Armenia and Azerbaijan became Associate Members of the NATO Parliamentary Assembly.
November 15 - 22 Armenian banks can now question clients regarding the source of their cash deposits and will have the right to freeze accounts of individuals and organizations suspected of terrorist financing. Chairman of the Central Bank Tigran Sargsian said this week that a new tougher banking law will help prevent funding of international terrorist organizations and is another contribution by Armenia to the U.S.-led effort to combat terrorism around the world. Sargsian dismissed concerns that the additional anti-terror safeguards would make the Armenian banking system less attractive for investors. He said that the new law provides potential investors with "incentives and protection" as long as they want to engage in legal activities. The UN Security Council passed a resolution calling on all states to suppress terrorist financing last year.
November 15 - 22 Several envoys accredited in the Armenian capital, including ambassadors of France, Germany, the United Kingdom and the United States and representatives of major international organizations, published an open letter urging Armenia's Central Election Commission (CEC) "to improve electoral procedures in time for the Presidential Elections on 19 February 2003 and the Parliamentary Elections on 25 May 2003." The head of the European group, which last month monitored Armenia's local elections, British parliamentarian Christopher Newbury, expressed "complete satisfaction" at the handling of the electoral process, finding it to be well-organized and noting the improved accuracy of voters' lists. The letter said, however, that while recent local government elections "marked an improvement," voter lists still require more work. The letter also urged more transparency in the vote counting process at the precinct level and clearer rules on the role of proxies and other authorized personnel at the polling stations. The National Assembly is currently working to amend the election law in line with concerns expressed by the parliamentary opposition.
November 15 - 22 Leaders of the opposition National Accord (AMK) and Communist Parties, and the Socialist Armenia Union, said this week they have created a "Popular-Patriotic Alliance" to jointly contest presidential and parliamentary elections. In a move that appears to have caught other opposition leaders by surprise, the AMK Chairman Artashes Geghamian succeeded in winning the support of the opposition groups, which until recently were widely expected to back the People's Party chairman Stepan Demirchian. Another opposition leader, National Democratic Union chairman Vazgen Manukian this week confirmed his intention to run. Some observers suggested that the realignment was triggered by persistent speculation that Demirchian and his allies in the Party of the Republic were in talks with the supporters of ex-President Levon Ter-Petrossian regarding his candidacy.
Meanwhile, a recently established Hakhtanak (Victory) public organization endorsed the incumbent President Robert Kocharian. Led by Deputy Minister of Culture Ishkhan Zakarian, Hakhtanak is a non-party alliance comprising a number of prominent businessmen, local government officials and sports figures, including Gagik Tsarukian, President of Multi Group, one of Armenia's largest companies, and Gyumri Mayor Vardan Ghoukasian.
November 15 - 22 The World Trade Organization (WTO) group, examining Armenia's application for membership, has issued a recommendation to the organization's general assembly to admit Armenia at its next meeting on December 10, Trade and Economic Development Minister Karen Chshmaritian said this week. Chshmaritian led a government delegation to Geneva, Switzerland earlier in the week to finalize the accession negotiations. He also said that Turkey's effort to further delay Armenia's membership ended in failure. Armenia first began talks with WTO in 1996. Chshmaritian underscored the importance of WTO membership in attracting foreign investment and expansion of Armenia's foreign trade links. But critics in Armenia's political and business circles are leery of strong competition for local manufacturers.
November 15 - 22 Owners of the recently privatized Armenian electricity grid have selected one of the largest South Korean companies, Daewoo, to manage the network. Late last week, Armenia's Energy Minister Armen Movsisian said that the UK-registered Midland Resources was holding negotiations with Daewoo, Germany's Siemens and Swedish-Swiss ABB Concern on management of the grid. Following several failures, the government privatized the electricity distribution networks last August. It hopes that private owners will succeed in turning around the money-losing enterprise that employs 9,000 people, while substantially reducing rampant corruption in the sector. Selection of a professional management company to run the electricity network also paves way for the release of a long-delayed $20 million World Bank loan, which was contingent on privatization.
November 15 - 22 A group of prominent businessmen and economists from Armenia, Russia, the United Kingdom and the United States will begin developing possible scenarios for Armenia's long-term economic development. One of Russia's top investment bankers and the initiator of the project named Armenia 2020, Ruben Vardanian, described the effort in an interview last week. He said the idea came from successful experiences with similar projects in Japan, Ireland and Russia. According to Vardanian, the project's goal is not to determine a certain model of development, but to bring together people from Armenia and the Diaspora holding different views to stimulate public debate about Armenia's future and create several viable alternatives.
Vardanian, a 34-year-old Yerevan native, has won international renown at the helm of Troika Dialog, the leading Russian brokerage firm, and is now working to overhaul Russia's largest insurance corporation. Other participants include the president of Grand Holding Hrant Vartanian, Director of Converse Bank Smbat Nasibian, and Director of the Armenal aluminum plant Movses Dzavarian. The project is expected to conclude by the end of 2003.
November 15 - 22 A top executive for the oil company planning to build an oil pipeline from Azerbaijan to Turkey has warned the Georgian leadership that its ongoing environmental assessment study is delaying the project, the Financial Times reported this week. The President of the BP-led Azerbaijan International Operating Company (AIOC) David Woodward initiated a letter to Georgian President Eduard Shevardnadze earlier this month, that said the delay would force BP to suspend pipeline work in Azerbaijan and Turkey. Construction of the controversial pipeline is planned for 2003-5. Georgian concerns center on the proposed routing of the pipeline through Borjomi, an area known for its mineral water springs, a source for one of Georgia's top exports.
Earlier this year, a coalition of more than 60 non-government organizations, including several groups from Georgia, warned that the proposed pipeline could reignite regional conflicts, damage local environments and violate rights of communities along its proposed route. The NGOs are also opposed to the pipeline's financing by taxpayer-funded organizations, such as the World Bank and the European Bank for Reconstruction and Development (EBRD). Reports last week suggested that EBRD was ready to provide close to $300 million in loans for Baku-Ceyhan. BP is looking for a total of $2.1 billion in outside financing to complete the $3 billion project.
Meanwhile, one of the largest Russian oil companies, Lukoil, said this week it will sell its share in the AIOC and withdraw from other Azerbaijani deals to focus on projects inside Russia. The move, which was praised by analysts, reflects the continued uncertainty surrounding Azerbaijani oil development. Other observers noted that a potential reopening of the Iraqi oil industry would make Baku-Ceyhan even less commercially viable.
Reprinted, by permission, from Armenian Assembly of AmericaArmenian International Magazine , Armenian National Committee of America , Armenian National Institute ,Groong. Armenian News Network  
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