Politics

Edward Nalbandyan: if precondition related to Karabakh existed, Armenian-Turkish process wouldn’t be launched

YEREVAN, December 21. /ARKA/. Improvement of Armenian-Turkish relations would not be started, if Karabakh-related pre-condition was put forward, Armenian Foreign Minister Edward Nalbandyan said Friday at his meeting with Turkish journalists.

“It seems people in Turkey mistakably think that there are some parallel processes. If precondition related to Karabakh existed, the process (Armenian-Turkish relationship improvement) wouldn’t be launched,” he said adding that the sides took this step realizing very well that there is no connection with Karabakh.

“Armenia has no less ground for putting forward preconditions, but we can’t improve relations with such a tune,” Nalbandyan said. “We wanted to improve our relations with this neighboring country and we received a relevant reply from Turkey.”

The minister stressed that the initiative to improve relations came from Armenian side and negotiations began after Turkish President Abdullah Gul visited Yerevan at his Armenian counterpart Serzh Sargsyan’s invitation.

Karabakh conflict broke out in 1988 when Artsakh, mainly populated by Armenians, declared its independence from Azerbaijan.

On December 10, 1991, a few days after the collapse of the Soviet Union, a referendum took place in Nagorno-Karabakh, and the majority of the population (99.89%) voted for secession from Azerbaijan.

Afterwards, large-scale military operations began. As a result, Azerbaijan lost control over Nagorno-Karabakh and the seven regions adjacent to it.

On May 12, 1994 Bishkek cease-fire agreement, put an end to the military operations.

Since 1992, talks brokered by OSCE Minsk Group are being held over peaceful settlement of the conflict. The group is co-chaired by USA, Russia and France.

On October 10, Armenian and Azerbaijani foreign ministers – Edward Nalbandyan and Ahmet Davutoglu – signed the protocols on establishment of diplomatic ties and development of bilateral relations.

The protocols will be sent to the two countries’ parliaments for ratification. After ratification the countries will be able to open their border.

There are no diplomatic ties between Armenia and Turkey now. Armenian-Turkish border has been closed since 1993 on Ankara’s initiative.

Turkey has set a number of pre-conditions for improving bilateral relations.

Ankara demanded Armenia to stop seeking worldwide recognition of Armenian genocide fact.-0--

21/12/2009 20:26



Market USD exchange rates
Market EUR exchange rates
Market exchange rates 12/03/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 392.62 1.21
Euro EUR 1 540.01 5.34
Russian Rоublе RUR 1 13.40 0.11

Favorable еxchange rates of banks 12/03/2010
Currency Buy Sell
USD 391.5
Armenian Development Bank
394
ACBA-CREDIT AGRICOLE BANK
Araratbank
Byblos Bank Armenia
Conversebank
ProCreditBank
“ArmSwissBank”
Euro 534
"VTB Bank (Armenia)"
ACBA-CREDIT AGRICOLE BANK
Ameriabank
Prometey Bank
“ArmSwissBank”
541
ACBA-CREDIT AGRICOLE BANK
Cascade Bank
“ArmSwissBank”
RUR 13.2
"VTB Bank (Armenia)"
Ardshininvestbank
BTA Bank
Prometey Bank
13.35
ProCreditBank

Macroeconomics
Indicator Term Figures
economic growth,% 2009-12 85.6
GBP, billion AMD 2009-12 3165.5
inflation, % 2010-01 101.7
Budget deficit (proficit), bln AMD 2009-12 148.3
trade deficit, mln USD 2009-12 -2606.4
foreign trade turnover, mln USD 2009-12 4001.9
foreign trade turnover, % 2009-12 73
Gross External Reserves, mln. USD 2009-12 2003.41
Monetary base, billion AMD 2009-12 511.7
Money supply, billion AMD 2009-12 815

Financial market
Indicator Term Figures
Anual interests on loans
Legal entities in AMD 2010-01 14.8
Legal entities in USD 2010-01 13.5
Individuals in AMD 2010-01 22
Individuals in USD 2010-01 17.6
Anual interests on deposits
Legal entities in AMD 2010-01 6.5
Legal entities in USD 2010-01 5.4
Individuals in AMD 2010-01 9.1
Individuals in USD 2010-01 5.3
Annual profitability
state stock of CBA, % 2008-08 8
fiscal stock of Armenia, % 2010-01 8.8

The percents of the CBA
Indicator Term Figures
Banking rate 2010-03 13
Repo 2010-03 6.5
Credit 2010-03 9.5
Depo 2010-03 3.5



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