Politics

Decision of Constitutional Court of Armenia regarding Armenian-Turkish protocols is not due to discussion with Turkey – Deputy of the Parliament from

YEREVAN, January 20. /ARKA/. “Decision of Constitutional Court of Armenia regarding Armenian-Turkish protocols is not due to discussion with Turkey”, said Galust Sahakyan, Head of Parliament fraction of Republican Party of Armenia during the press-conference on Wednesday.

Announcement of the Ministry of Foreign Affairs of Turkey about incompliance of the decision of Constitutional Court of Armenia regarding Armenian-Turkish protocols, pre-conditions and limitation of regulations is the result of Turkish policy based on intrigues. After signing the protocols on October 10, 2009 in Zurich Turkish authorities tried to show new approaches in this issue related to Karabakh and Genocide of Armenians. “Nobody forced Turkey to sign the protocols. All talks around it are for trying to create necessary atmosphere for Turkey.

Such announcements from Turkish side are not accepted from the point of view of international cooperation”, said Sahakyan. Any time in future Turkey will ratify the protocols. Non-ratification will mean defeat of Turkey and not Armenia. Armenian-Turkish border was closed since 1993 by the official initiative of Ankara. Diplomatic relations are lacking between Armenia and Turkey. Ministers of Foreign Affairs of Armenia and Turkey Edward Nalbandyan and Ahmed Davutoghlu signed “Protocol on establishment of diplomatic relations” and “Protocol on development of mutual relations» on October 10, Saturday, in Zurich.

Then these documents should be approved by the parliaments of both countries. Complicated relations between two countries were due to the fact that Ankara supported Azerbaijan in Karabakh problem and also an acute reaction of Turkey on the process of international recognition of Armenian Genocide of 1915 in Ottoman Empire. On January 12, 2010 Constitutional Court of Armenia recognized the responsibilities of the protocols which are in accordance with the Constitution of Armenia.

Gagik Harutyunyan, Head of Constitutional Court of Armenia read the decision, analyzed the norms of Armenian-Turkish protocols stating that the responsibilities of the protocols have mutual and inter-state character and cannot be spread over the third country.

Members of Constitutional Court of Armenia stated that priority regulation of the protocols is the opening of Armenian-Turkish border and other responsibilities bear legal character only in case of its opening. Constitutional Court of Armenia defined in its decision that responsibilities of the protocols are based on the principles of international law and practice. Interpretation and application of the protocols cannot oppose to the preamble of Armenian Constitution. --0-




20/01/2010 20:28



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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