The last week can be described as an Armenian international cultural week. Armenia welcomed participants of international festivals and hosted film screenings.

The conflict between Nagorno Karabakh and Azerbaijan broke out as result of the ethnic cleansing the latter launched in the final years of the Soviet Union. The Karabakh War was fought from 1991 (when the Nagorno Karabakh Republic was proclaimed) to 1994 (when a ceasefire was sealed by Armenia, NKR and Azerbaijan). Most of Nagorno Karabakh and a security zone consisting of 7 regions are now under control of NKR defense army. Meanwhile, an ideological war was being fought beyond the conflict area.

Azerbaijan is incapable to resolve Karabakh conflict, an Armenian expert said.

The State Committee of Real Estate Cadastre at the Armenian government has presented the current situation in the RA real estate market, as well as forecasts for the year. The Committee’s specialists predict some activation in the Armenian real estate market but decrease in prices is unlikely in the near future.

When in China, Armenian President Serzh Sargsyan met with executive director of Huawei Technologies Co. Ltd and President of Zhong Xing Telecommunication Equipment Company Limited (ZTE) to discuss prospects of cooperation in production of equipment, e-governance and development of telecommunication systems. A memorandum of cooperation was signed with Huawei.

Boxing: Elias Nassar, manager of WBC/WBA super flyweight champion Vic Darchinyan stated that negotiations for rematch with Nonito Donaire have collapsed. Nassar said the Donaire camp have failed to sign the contract after six weeks and they are now back to square one. Vic Darchinyan also stated he is disappointed in Nonito Donaire’s failure to sign the contract. “We signed the deal two days into talks,” said Nassar. “We were there waiting for Donaire to make up his mind on what he wanted to do. It’s easy to point the finger at who didn’t want the fight. It’s the party who doesn’t sign a contract.”