Zak Valladian is one of the foreign-born Armenians returning to the country of their heritage.
Zak Valladian is one of the foreign-born Armenians returning to the country of their heritage.

Armenia diaspora comes home



YEREVAN // Charles Masraff does not mince his words when he describes what he wants to achieve in Armenia. The 59-year-old restaurateur says he was attracted to the country "by the possibility of giving Armenia a future". Although he was born and brought up in London, Mr Masraff's paternal grandparents came from what used to be Western Armenia, and is now eastern Turkey. He is one of what is thought to be a growing band of western-raised diasporan Armenians moving to their ancestral home country. In the decade after it became independent in 1991, Armenia lost as much as one-fifth of its population as the economy declined in the early 1990s, with most emigrants going to Russia. Since the mid-1990s, the economy showed strong annual growth until the recent financial crisis, and the parallel modernisation has attracted many of Armenia's huge diaspora, which is over twice the size of the country's 3.2 million population, to live in the country for the first time. While Armenia has achieved significant economic growth, Mr Masraff believes the country remains stifled by a culture of corruption, which he describes as "a way of life here". "Armenia desperately needs people with outside experience," he said. "There's a culture among Armenians living in Armenia that makes progress difficult - corruption, the sense that the present is all there is. "But if you look at the Armenian diaspora and the success they've enjoyed in different societies, compared to the inability of this society to achieve very much - why did we get this huge contrast? The post-Soviet hangover has a lot to answer for." Mr Masraff spent most of his career in Scotland in hotel management, but for the past three months has been running a restaurant in Yerevan. "I came here to try to achieve something," he said. "I'm not just an observer. By running a business, I feel I have a greater chance to achieve something." Among the analysts who believe a growing number of diasporan Armenians are moving to Armenia is Arpi Vartanian, country director for the Armenia and Nagorno-Karabakh offices of the Armenian Assembly of America, a lobbying group. Born and raised in Detroit to two diasporan Armenians, including an Iranian-Armenian father, Ms Vartanian moved to Yerevan in 1993. "I've seen families come and go, I've seen people get frustrated they weren't able to succeed but I see more and more people coming or expressing the desire to come. They want to live in their homeland," she said of the "repatriates" moving to the country. "That's not to say everyone is coming with rose-tinted glasses. They're coming with the hope that Armenia will change them, but [also] that they can use their experience or knowledge to change Armenia. "Every encounter impacts people. I've had people say: 'You've taught me.' They told me later they watched how I worked and my work ethic and that taught them. They were able to use that later." For diasporans brought up in the West, Ms Vartanian said Armenia was now a much easier place to live than when she arrived, when there were few cafes or nightclubs. "There are still some things I miss and crave," she said. "It drives me nuts when people don't stand in line. But people have been so open and interested in who I am." Rudolf, a 27-year-old born in Bahrain and brought up in France, London and Lebanon, and who declined to give his full name, admitted however that diasporan Armenians often tended to socialise with their own kind rather than locals. "My friends are diasporan friends from Syria, Beirut, the United States," said Rudolf, who has a "pagan Armenian metal" rock band and has lived in Armenia for the past 18 months. Even if his social circle is largely made up of fellow diasporans, he hopes he can effect change. "We're coming here to do something good," he said. "We have done stuff that there wasn't here five or six years ago - the first rock band in the Caucasus. We come with new ideas. We're trying to relate it more to Europe. I'm against the Soviet mentality. I think it's ruined the country." His friend, Zak Valladian, born and brought up in Dubai, is a member of a group called Tebi Hayrenik or "back to the motherland" that encourages diasporans to relocate to Armenia. He believes "absolutely" more of them are doing what he did four months ago, and moving to the country. "Change comes from within," said the 30-year-old, who runs a special effects business. "I do believe for Armenia's sake, the only thing they can do is to encourage the diaspora to come and invest. It's home from home for us." dbardsley@thenational.ae

The specs: 2018 Nissan Altima


Price, base / as tested: Dh78,000 / Dh97,650

Engine: 2.5-litre in-line four-cylinder

Power: 182hp @ 6,000rpm

Torque: 244Nm @ 4,000rpm

Transmission: Continuously variable tranmission

Fuel consumption, combined: 7.6L / 100km

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COMPANY%20PROFILE
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Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

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Profile

Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari

Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.

Number of employees: Over 50

Financing stage: Series B currently being finalised

Investors: Series A - Audacia Capital 

Sector of operation: Transport

Indoor cricket in a nutshell

Indoor Cricket World Cup – Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now

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