The results of the first half of 2010 indicate that global economy is growing at a slow pace, including markets of the U.S., Europe, Russia and China. Meanwhile, 15% unprecedented growth was recorded in China. Indices of stock exchanges also prove the growth in global economy. Moreover, anti-crisis governmental programs are implemented consistently.

On July 22 the International Court of Justice (ICJ) confirmed that proclamation of Kosovo’s independence did not contradict international laws. And although the court’s decision is not mandatory, it finally put an end to the issue of the former colonies’ right to independence. It is quite likely that after the decision of the ICJ many states, which considered Kosovo part of Serbia, will recognize its independence. One could even say that the two-year fight of Kosovars for their rights produced the logical result.

President of the Artsakh Republic Bako Sahakyan met General Manager of Karabakh Telecom CJSC Ralph Yirikian to discuss the company’s investment policy, tariff revision as well as humanitarian programs carried out in the republic. Artsakh Republic Prime Minister Ara Harutyunyan was also attending.

The political week in Armenia started with the 6th congress of Heritage party, which brought together over 400 delegates, including Arthur Ghazaryan from the ARF Dashnaktsutyun and representative of Sardarapat movement Zhirayr Sefilyan. Chairman of the party’s board Armen Martirosyan delivered a report, saying that Heritage has always supported strengthening of democracy, as well as protection of human rights and state interests.

Football: FIFA published the national rankings, where Armenia is the 96th, going up 4 lines with 318 points. New world champions, Spain, top the rankings with 1883 points, followed by the Netherlands (1659 points) and Brazil (1536 points).