PressAM

The perfect balance on news and information

November

Politics

“Acting Prime Minister Expresses Optimism: Peace Agreement Expected by November”

A peace agreement is expected by November as Acting PM Nikol Pashinyan calls for agreed principles to be documented. Progress could be made at a meeting between the Armenian and Azerbaijani Foreign Ministers in Almaty.

Local News Politics

“Protest Actions Escalate in Armenia: Multiple Marches and Roadblocks Cause Disruption”

The number of peaceful protests in Armenia is increasing, with 29 participants blocking the road in Tigranashen. Multiple highways and streets in Yerevan have been closed. Find more news from Armenia on NEWS.am.

Politics

“Putin’s Invitation Hangs in the Balance: Will He Attend the G20 Summit in Brazil?”

French President Emmanuel Macron announced that Vladimir Putin has been invited to the G20 summit in Brazil, but only if all countries agree. Macron emphasized the purpose of the G20 as promoting peace and global prosperity. However, Putin’s attendance at previous summits has been controversial due to disagreements over Russia’s actions in Crimea. The question remains whether Putin will be invited to future G20 and BRICS summits. Brazilian President Lula initially planned to invite Putin to the 2024 G20 summit in Rio de Janeiro for security reasons, but later changed his stance due to a lack of security guarantees from Putin.

Around the Globle

Residents of Tavush Region Prepare for Self-Defense Against Possible Azerbaijan Invasion, Government Unyielding

Residents of Voskepar, Baghanis, and Voskevan in Tavush region are preparing for self-defense against potential Azerbaijani invasion. They express concern over the decision to close roads and start a war, emphasizing the strategic importance of these territories for Armenia. Residents have offered alternative solutions, but their concerns remain unaddressed by Nikol Pashinyan. Azerbaijan’s goal is not limited to capturing a few villages, but rather seizing six provinces of Armenia, shrinking the country’s territory significantly.

“Real Estate Market in Yerevan Faces Decline as Demand for Apartments Decreases”

The real estate market in Yerevan experienced a significant decline in sales during November compared to the previous year. Prices fluctuated based on location and construction quality. Demand for apartments remains high in certain neighborhoods despite the overall decrease. Foreign buyers and migrants have contributed to the increase in sales. Overall, the market is facing an oversupply of apartments, leading to lower prices and higher transaction volumes. It’s important to consider various factors when analyzing sales trends in the Yerevan market.

“Armenia’s December Inflation Drops as US Dollar Gains, Exchange Rate Shows Encouraging Increase”

In December 2023, consumer prices in Armenia rose by 0.9% compared to November. Meanwhile, in the US, prices increased by 0.5% due to a stronger dollar. In December 2023, consumer prices in Armenia decreased by 0.6% compared to the previous year, while the Armenian dram exchange rate against the US dollar increased by 2.5%. In December 2023, the average exchange rate of the Armenian dram against the US dollar was 404.5 dram.

“Russia’s gold reserves shine brighter than ever, hitting record-breaking $150 billion mark: Report”

Russia’s gold reserves exceed $150 billion for the first time, reaching $151.9 billion in November, a 2.2% increase from October. Physically, the reserves decreased by 16 tons. Russia’s total international reserves amount to $592.352 billion, with the currency component at $412.261 billion.

Turkey’s Inflation Hits Yearly Peak at 61.98% in November, Defying Expectations

Turkey’s annual inflation reaches year’s highest level at 61.98% in November, slightly lower than expected. Currency depreciation cycle expected to drive inflation rate to 70-75% by May. Central Bank raises interest rates to curb inflation. Residential construction activities also contribute to inflation control.

“Government Building Renovation Nears Completion: Prime Minister’s Team Splurges on New Furniture Ahead of New Year’s Eve”

The government building renovation is almost done, and furniture refurbishment has started. The prime minister’s team bought new furniture, including tables, an exchange machine, and conference tables. Read more in the “News from Armenia” section of the “Print” newspaper.

“Temporary Traffic Halt: Pedestrian Crossings Repair on Marshal Hovhannisyan Street to Cause Delays”

Traffic on Marshal Hovhannisyan street restricted from M. Heratsi street to Kh. Abovian street on Nov 4, 09:00-14:00 due to pedestrian crossing repairs. Inconvenience regretted.