Armenians protest introduction of mandatory private pensions

September 29, 2020 0 Comments

first_imgProtesters have argued that people should be able to decide what happens to their salaries, and that any supplementary pension payment should be voluntary.Some news sources reported that the protesters have also filed a petition with the Constitutional Court.So far, the government has made no comment on the protests or the petition. Thousands of Armenians have taken to the streets to protest the mandatory funding of the second-pillar pension system, introduced at the beginning of this year.According to reports from French news agency AFP, approximately 6,000 protesters marched in the Armenian capital of Yerevan over the weekend to protest against the government’s controversial decision. Since 1 January, all Armenians born after 1974 have had to transfer 5% of their salaries to newly created pension funds managed by the local subsidiaries of France’s Amundi and Germany’s Talanx Asset Management.According to the AFP, Naira Zohrabyan, secretary of opposition party Prosperous Armenia, described the law as a “racket”, allowing the government to “get its hands into people’s pockets”.last_img read more

[VIDEO]: Team Ghana finishes 1st in 1997 IAAF World Athletics Championship semis

August 29, 2020 0 Comments

first_imgGhana’s 4x100m men’s relay team took the world by surprise as they stunned team Great Britain, Spain, France in the semi-finals race to ensure qualification into the finals of the 1997 World Athletics Championship in Athens, Greece.Ghana’s team made up of Abu Duah, Eric Nkansah, Aziz Zakari, and Emmanuel Tuffuor took everyone by surprise as they managed to book a slot in the IAAF finals as the winner of their semi-final heat.How did they make the semis?The Ghanaian quartet fought off the likes of Sweden, Ukraine, Mexico, the United States of America, and Jamaica in the heats.Team Ghana recorded a national time record of 38.41 seconds to advance into the semi-finals.What happened next?The West African quartet went a step better and they stunned Great Britain, Spain, France, Italy, Poland, Qatar, and Greece.Abu Duah took off from the blocks and handed over to Eric Nkansah who tore down the back straight.Aziz Zakari burnt up the bend for Emmanuel Tuffuor popularly called ‘Koora’ to storm away in a blinding finish.Ghana recorded a time of 38.12 seconds which became a national record and it still is.So close, yet so farHowever, the team experienced a wobble at the worst time and placed 5th in the finals with a time of 38.26 seconds.Canada won that year’s final, followed by Ghana’s West African neighbours, Nigeria and Great Britain in second and third places respectively.Watch the full semi-finals race:ARCHIVES: 1995 World Athletics Championship, Gothenburg- Sweden.Men’s 4×100 Relay.Abu Duah, Aziz Zakari, Eric Nkansah, Emmanuel TuffourGhana 1st. pic.twitter.com/OaTXH7b3CN— Saddick Adams (@SaddickAdams) March 22, 2020last_img read more