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Armenian Oligarchs Lost Money In Cyprus

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  • Armenian Oligarchs Lost Money In Cyprus

    ARMENIAN OLIGARCHS LOST MONEY IN CYPRUS

    Interview with Yeran Kouyoumdjian, editor of the Azad Khosk E-Magazine
    based in Cyprus

    Ms. Kouyoumdjian, is there any statistics on Armenian capital in
    Cyprus banks?

    There is no information how much Armenian money is left in the Cypriot
    banks. The Armenian community of Cyprus is a conservative and closed
    community but I know that most of them have big sums in banks and the
    bulk of this money is risked. Armenians of Cyprus save money in banks.

    I have learned that some people have lost a lot of money after they
    sold their land and deposited the money in banks. They say some
    Armenians of Russia and other countries also had big sums. However,
    Cypriot banks hide their creditors and their deposits. Being a
    financial center, it is an attractive place for big money.

    Fortunately, our national organizations, schools, church, have not
    lost any money.

    The EU has lent 10 billion euro to Cyprus. Will it help overcome
    the crisis?

    It will help relieve the situation only partly. The economic crisis
    persists, every day shops close, and people lose their jobs. A lot
    of people are on the verge of poverty, charities offer free dinners
    to poor families. The upcoming few years will be hard for the people
    of Cyprus.

    Ms. Kouyoumdjian, did any Armenian oligarchs lose money in Cyprus?

    I learned from my acquaintance that most Armenian oligarchs kept
    money in Cypriot banks and they certainly lost money there. I could
    not learn names but they are many.

    Ms. Kouyoumdjian, the Orthodox Church of Cyprus is ready to donate its
    property to the state if it will help overcome the crisis in Cyprus.

    Will it increase the reputation of the church?

    I don't know if it will help the country to overcome the economic and
    financial crisis. However, the church expressed its support to the
    state. In Cyprus the Orthodox Church is very popular, unlike Armenia
    where the church, as I have noticed, is with the Armenian government.

    When citizens took to streets for the sake of their civil rights,
    justice and dignity, our religious leader was unable to communicate
    with his pasture, understand and share their concerns, inspire them
    with hope and faith.

    Do you see your future in Cyprus?

    Cyprus has a historical importance to us, Armenians have lived there
    since the 6th century. The people and government of Cyprus have been
    honest and hospitable to the Armenians, both after the genocide when
    they opened their doors and accepted the Armenians saved from the
    genocide and now when they fund Armenian schools, help the Armenian
    Church. Western Armenian is the officially recognized language of
    minority. Cyprus is our second home. It is reliable home. Hard times
    will come and go like winter.

    Siranuysh Papyan 12:02 23/04/2013 Story from Lragir.am News:
    http://www.lragir.am/index.php/eng/0/interview/view/29696

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