This specialty is highly required at the country's financial market, specifically, with respect to the progress recorded in pension reforms.

It is already becoming uninteresting whether Matthew Bryza will be approved as an Ambassador to Azerbaijan or not. Unfortunately, Barack Obama took the path of ex-President Bush Jr. and proposes candidacies of “used up” diplomats, possibly thinking that being interested in Caspian energy resources Bryza will “adequately” represent the United States in Azerbaijan.

Wrestling: on July 21, Armenia’s Greco-Roman wrestler Arthur Alexanyan (weight class 84kg) won the champion’s title at Junior World Wrestling Championships in Budapest, Hungary. Earlier, Armenia’s Alexan Mikaelyan (weight class 60kg) won bronze.

The political week in Armenia started with congresses of the Armenian National Movement and Armenakan Ramkavar-Azatakan party. On July 17, Yerevan hosted the 16th congress of the Armenian National Movement. In his remarks, Armenia's first President Levon Ter-Petrosyan said that Armenia’s economic development is impossible without resolution of the Nagorno Karabakh conflict and normalization of relations with Turkey. Ter-Petrosyan also voiced confidence that the key to Armenian-Turkish reconciliation is in Russia’s hands.

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.

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.