Armenian taxpayers paid 124 million drams (about $310 thousand US) for two high-tech super-cool toilets, which were placed near TaTever ropeway in Syunik region and next to St. Grigor Lusavorich Church in Yerevan. Continue reading
Average Monthly Wages in Caucasus Countries vst Global Average, based on ILO data
Average monthly wage in Armenia is more than 3 times less than the global average, which is estimated to be equal to $1,480 a month according to the study published last year by the United Nations’ International Labour Organization (ILO). Furthermore, the average wage in Armenia is the lowest among the three Caucasian states.
Posted in Armenia, Economy, Region
Tagged Armenia, Azerbaijan, Caucasus, employment, Georgia, Purchasing Power Parity, Russia, Salaries, Wages
The Wine festival in Areni village of Vayots Dzor region in Armenia was held for the 4th consecutive time on Saturday, October 6th. The annual event, which is partly sponsored by the Armenian government, is slowly turning into a tradition and a welcome one, judging from these great photo shots published by Azatutyun.am. Continue reading
Just as I shared my concerns in this article some 1.5 years ago, Armenia hit a concrete wall of ineffectiveness, corruption, low accountability and low transparency, inefficiency and bureaucracy while managing its public procurement. In other words, dead end. Continue reading
Posted in Armenia, Economy, Politics
Tagged Armenia, Corruption, Economy, Government, Kickbacks, Procurement
Armenia — President Serzh Sargsyan rebukes senior government officials for practicing kickbacks, Yerevan, 15Sep2012
Armenian President Serzh Sargsyan publicly and demonstratively rebuked Prime Minister Tigran Sargsyan (no relation) and senior government officials for misusing budget money in state procurement on Saturday during a meeting with the Cabinet.
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Armenia’s Ministry of Transport and Communication officially announced the start of a multimillion government project to upgrade Armenia’s main highways stretching more than 550 kilometers to neighboring Georgia and Iran, RFE/RL’s Armenian service (Azatutyun.am) reports. Continue reading
I’ve been complaining quite a lot recently – going through automated instructions, patiently waiting for the operator, complaining, complaining on to the next official on the line and then on to the next one. And none of my frustrations seems to find a solution. Continue reading
Posted in Armenia, Economy, Society, Tech
Tagged Armenia, Beeline, Complaints, Consumer, Electricity, Internet, Orange, Technology
A view of Mt. Ararat from Yerevan | Photo by Ֆեյսբուքահայություն
“Armenia has a class of “30-something” technocrats, whose western education and global outlook means they are less rooted in the Soviet mentality than their elders. That bodes well for the future,” The Economist writes in a blog-post about Armenia published this week. Continue reading
Posted in Armenia, Economy, Politics, Region
Tagged Armenia, Azerbaijan, Caucasus, Elections, Nagorno-Karabakh, Politics, The Economist, World Bank
Wheat futures have tumbled 17 % in the past year as global production and inventories headed for all-time highs. A further 7% decline in world wheat indicator price is expected this year and the price is expected to average at around 275$ a ton. Meanwhile in Armenia the price of bread and cereals rose 11% in December 2011 year on year, according to eMedia. Continue reading
The Cover Page of PFA's "Armenia: Averting an Economic Catastrophe" Report
Policy Forum Armenia, a Washington based Armenian think tank and advocacy group, has published an in-depth report, which might well be the best diagnosis of Armenia’s economic woes available out there. Continue reading
