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
What happens when Armenian Americans, pick up, and move to Armenia? Produced and Directed by Robert Davidian. (Part 1, 2, 3, 4, 5, 6)
Yerevan’s Central (Closed) Market, a popular tourist attraction and an officially recognized architectural monument, has closed its doors for renovation since January 1st. Continue reading
Tagged Armenia, Closed Market, Gagik Tsarukyan, Samvel Alexanyan, Shopping, Yerevan
Photo from http://http://www.tekgoblin.com/
Armenia’s largest mobile operator, VivaCell-MTS, announced today about the commercial launch of its fourth generation 4G/LTE (Long Term Evolution) network. Continue reading
Armenia -- Municipal authorities show a homeless person his temporary shelter, Yerevan, 23Dec2011 | Photo from Yerevan.am
The number of Yerevan’s homeless is a mystery. Municipal and State Social Welfare Administrations don’t have reliable data, because the homeless are constantly on the move and in many cases avoid the authorities. And yet, Yerevan’s mayor Taron Margarian has come up with a plan to solve the problem of sheltering them. Continue reading
Tagged Christmas, Health care, Homelessness, New Year, Social work, Taron Margarian, Yerevan
Armenia plans to build a railway and a new road which will both serve to better connect Zvartnots international airport with capital Yerevan. Continue reading
Tagged Airport, Armenia, Eduardo Eurnekian, Tourism, Transportation, Yerevan
Armenia has significantly improved its position in the latest Doing Business report published annually by the International Finance Corporation and the World Bank.
Armenia has moved up 6 points reaching the 55th slot among 183 countries covered by the report.
The Doing Business project provides objective measures of business regulations for local firms in 183 economies and selected cities at the subnational level and is considered an important indicator for driving foreign investments to a country. Continue reading
Posted in Armenia, Economy, Environment, Society
Tagged Architecture, Armenia, Construction, historical, monuments, Yerevan
The dynamics of development of price index and salary growth in Armenia in 2011
Digging around the Armenian National Statistical Service today I put together this chart which seems to indicate, that while the salaries haven’t been growing in August, price index on the contrary, has continued to rise. Continue reading
Tagged Armenia, August, Consumer price index, Gross domestic product, Price index, Salary, Wage
