Armenian President Serzh Sargsyan signed a decree to relieve Vahe Gabrielyan from the post.

Despite the GDP growth, international financial organizations are not optimistic about Armenia’s capability to overcome the crisis, naming the lack of raw material resources and dependence on foreign financial sources as the main problems.

Boxing: WBC/WBA super flyweight champion Vic Darchinyan (35-2-1, 27 KOs) stepped up to bantamweight to take the vacant IBO bantamweight belt against Eric Barcelona (51-18-4, 19 KOs) on Thursday night at the Leagues Club in Parramatta, NSW, Australia. Darchinyan dropped Barcelona three times en route to a 120-103, 118-105 and 116-108 win. Barcelona was also deducted two points from low blows.

The past weeks highlights were the parliamentary elections in NKR and debates on European Parliament’s resolution.

With passions over the demolition of Moscow Cinema Open-Air Hall fading, Yerevan residents launched a collection of signatures against construction under way in the Student Park. A group of public activists made a statement, saying that “construction works carried out in the Park can transform the urban green belt into another ferroconcrete structure.” “We are ready to use all legal tools to rescue the parks of Yerevan,” people say.