The International Financial Corporation (IFC) experts believe that Armenia holds the biggest potential in the Caucasus to construct hydropower plants. It is important to have renewable energy sources inside the country, as currently Armenia is importing 2/3 of energy sources.

Boxing: 3 Armenian boxers – Hovhannes Davtyan, Hrachik Javakhyan and Arthur Khachatryan – broke through to the semifinal of the European Championships going on in Moscow, Russia. Vanes Martirosyan (28-0, 17KOs) won the battle of the unbeaten junior middleweights with a unanimous ten round decision over Joe Greene (22-1, 14KOs) to retain the NABF/NABO super welterweight titles. The official scores were 96-93, 96-93 and 98-91.

Traditionally, the political week in Armenia started with discussions on the Karabakh conflict settlement. Chairman of Prosperous Armenia party Gagik Tsarukyan said that Nagorno Karabakh can never be an article of commerce. “We should detect problems and solve them. Our basic principle is the achievement of goals and implementation of programs. Specifically, we aim to stir up activity for the international recognition of NKR,” he said. Tsarukyan also remarked that Russia has always been Armenia’s ally, thus his party will always be adherent to development and boosting of strategic, friendly and economic ties between the two countries.