Armenia News

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The president of Armenia Serzh Sargsyan has participated in founding ceremony of a new wine and cognac factory in the Aragatsot region of the republic, ARKA reportc, citing the president's press-service.The factory will be consructed by the agricultural Golden Grape Armas company.

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The minister of foreign affairs of Georgia, Grigol Vashadze, will visit Armenia on October 3-4, GeorgiaOnline reports.The invitation was made at a meeting with Armenian foreign minister Eduard Nalbandyan in New York.

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Yerevan is hosting the 5th Caucasian international science andpractical conference for problems of security and informationcooperation in the South Caucasus. Armenian President Serzh Sargsyanbelieves that the forum it is the first step to opening a discussionof the issues, News Armenia reports.

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The Armenian government approved the budget project for 2011 onThursday, ARKA reports.Armenian Finance minister Tigran Tavtyan noted the GDP level for 2011should reach 3 trillion 763.5 million drams, and this figure isplanned to rise by 4.6%.

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Armenian cognac production in January-August rose by 36.6% comparedwith the same period in 2009, reaching 6.801 million litres.1.140 million litres were produced in August alone.According to ARKA, the National Statistics Service registered anincrease in wine production equal to 31.6% - or 2.742 million litres -in January-August.5.927 million litres of vodka were produced in January-August, a dropof 19.8% compared with the same period in 2009.

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Switzerland will continue assisting in the process of normalizingrelations between Armenia and Turkey, the Speaker of the Council ofStates of the Swiss Confederation Erica-Forster Vanini said at themeeting with the head of Armenian National Assmebly Ovik Abramyan,News Armenia reports.The last two years has seen a Armenian-Turkish rapprochement, and thetwo countries signed protocols on establishing diplomatic relationsand bilateral ties on October 10, 2009 in Zurich. But they haven'tbeen ratified yet.

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The International Monetary Fund will loan $56 million to Armenia, announced the representative of the IMF in Armenia, Giermo Tolosa, News Armenia reports. The loan is being issued within the Extended Fund Facility and Extended Credit Facility programmes.

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The 5th Caucasian international conference "Security Issues and Information Cooperation in the South Caucasus" is to take place in Yerevan from September 30 to October 2. The conference is organized by RIA Novosti and the Armenian president's administration. The main topic is information cooperation between Caucasus countries, as "the key to stability and peace in the region", NewsArmenia reports.

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The inflation rate in Armenia might decrease to 7%, according to the representative of the International Monetary Fund in Armenia, Giermo Tolosa, ARKA reports.He also said he saw no factors impeding the situation in Armenia.

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The 10th anniversary session of the council of accounts and inspectionstructures of the CIS and Baltic states opened in Armenia today,news.am reports.Before the opening of the session the Chairman of the Russian AccountsChamber Sergey Stepashin proposed more mutual visits and inspections.He reminded those present of Russian plans to sign an agreement withthe Armenian Control Chamber for 2012. It includes issues of hydro andelectric energy, banks, and investment projects.

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25-year old Armenian Marina Avetyan has won a beauty contest inTurkey. The international tourism beauty contest was organized by aTurkish tour operator Jolly Tur in the coastal city Bodrum, ArmeniaToday reports.The second place was given to the 22-year old Ukrainian Anna Boyko andthe third place to the 26-year old German Nina Rittinghaus.

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The Armenian in spection chamber will inspect some Russian enterprisesin Armenia next year, chairman of the chamber Ishkhan Zakaryan said.An agreement will be signed between the inspection chambers of Russiaand Armenia, he said today, Armenia Today reports.There will be inspections of the VTB Bank, its sister bank,ArmRosgazprom (Armenian-Russian joint venture, monopolist in gassupplies to Armenia). The chamber will also consider the propertymanagement of the Russian military base in Armenia.

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The income of the Armenian budget is 503.3 billion drams for the first eight months of the year, and expenses are 529.8 billion, a report on the state budget said, Panorama reports. This is an increase of 97.5% and 83.2% respectively.

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The editor-in-chief of VK, Alexei Vlasov, said today at a meeting at RIA Novosti that disagreements in the OSCE Minsk group prevent a resolution of the Nagorno-Karabakh conflict, News Armenia reports.Vlasov was speaking at a meeting with journalists from the North and South Caucasus, as well as participants of the journalist school organized by the Pen-club RIAN. He also said the Karabakh conflict should be semi-frozen, but meetings should take place to prevent any outbreak of military activities.

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An Armenian cognac factory might be built in Belarus, the Trade minister of Belarus, said, ARKA reports.The Armenian Economics minister Nerses Eritsyan stated that cognac will be produced according to Armenian technology.

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