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Armenian archaeologists promise to up-end concept of early humans' migration

Armen Martirosyan: Parliament's non-governmental 'troika' anticipating ARFD's return after 10 October

Hakob Andreasyan: Current reforms are as important as those conducted in privatization period

"SIP Talk"- calls to local and international destinations via fixed phone line at affordable tariffs

In 2015 Ameriabank intends to increase its corporate lending portfolio to 520 mln USD and retain leadership in Armenia's banking system

Anelik Bank issues Simple Fast Auto card loan

Hakob Andreasyan: We try to ring-fence farmers from untypical risks

Rustamyan: ARFD's refusal to take part in parliamentary opposition's rally does not mean refusal to cooperate with the forces

RPA members hold confidential meeting

ARFD 'throws up its cards' - it seems the parliamentary four is becoming a three

Heritage Party puts into circulation Armenian Parliament's Bill suggesting official recognition of Nagorno Karabakh Republic

Lydian International Limited plans initial $426 million investment in Amulsar gold project in Armenia in 2015-2016

Orogen Gold raised 1,125,000 pounds through the placing of 1,022,727,272 ordinary shares at LSE

Air France cancels its flights to Armenia due to a strike

Parcels from U.S. do not reach Armenia

Armenian and Polish Foreign Ministers hold political consultations

This year's Viktor Ambartsumian International Prize to be awarded in Yerevan Sept 17

Levon Zurabyan: By regularly changing its Constitution, Armenia is beginning to resemble "banana republics"

A member of the parliament from ARFD calls to listen to the viewpoint of the 124 year old party and take part in the constitutional reforms

2,000-year-old frescoes found in territory of Greater Armenia

Ruben Hakobyan voices the conditions in case of which Heritage party will support Constitutional reforms

Archeologists find an old tomb of a high-class man on the side of Mount Aragats

Seyran Ohanyan: The countersabotage systems set at the borders of Armenia and Karabakh

OSCE MG U.S. Co-Chair: A big window has emerged in the Karabakh peace process

Eduard Sharmazanov: World community must strongly condemn destruction of Armenian cultural and historical heritage in Turkey and Azerbaijan

President of Armenia promises with a problem of citizens deceived by Tonus company and respond in two days

Head of Armenian Parliament's Committee for State and Legal Affairs to present Karabakh frontier guards with night vision devices

Edward Sharmazanov: Anakara's inefficiency is a linchpin in the matter of ensuring security in Europe

Edward Sharmazanov: Azerbaijani provocations imperil stability of the entire Black Sea region

ECHR demands explanations from Baku over refusal to repatriate body of Armenian captive Karen Petrosyan

Russian expert: The resolution of the Basque Provinces is a logical continuation of the lobbyist line on recognition of the statehood of Nagornyy Karabakh

MP: Millennium Challenge Corporation stopped financing Armenia because of corrupt schemes applied in the country

  • by Alexandr Avanesov

  • Wednesday, June 11, 19:38

The Millennium Challenge Corporation stopped financing Armenia because of corrupt schemes applied in the country, opposition MP Naira Zohrabyan said in the parliament on Wednesday.

She said that as much as $16.6mln was misused under such schemes. "It turns out that this money was used to teach Armenian farmers to correctly grow potato and milk cows," Zohrabyan said. 

Concerning the budget 2013, she said that while the government keeps claiming that everything is OK, more and more people are becoming poor.  "If everybody is saint who then has stolen the cross from the dome of the church?" Zohrabyan said quoting an old anecdote. "Our government has created a virtual world and is not willing to come out of it. All of their figures are just empty talk. If everything is OK, then why have they failed to increase GDP by as much as they promised, why is Armenia listed among the countries with highest investment risks, why are the rates of unemployment and emigration growing? Go to the border and see what is going on there. Why should an Armenian change his name to Azeri one just to leave his country?" Zohrabyan said.

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