Armenia’s Economy Ranked 41st Freest in The 2014 Index. The Full Story.

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Armenia’s economic freedom score is 68.9 according to the Index of Economic Freedom 2014, making its economy the 41st freest in the world. This annual index and ranking is created by The Heritage Foundation and The Wall Street Journal in 1995 to measure the degree of economic freedom in the world’s nations. The question is — does it tell us the full story? Continue reading

How Much Do Holidays Cost The Armenian Economy?

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Today is the 10th straight day of holidays in Armenia. I’ve been in need of a bank for at least 5 days, not a chance! Car technicians are not working either, although I need something urgent to be fixed!

I’ve been wondering how can a poor country like Armenia afford to shut down its economy and make no money for so long.

There are some estimates, that the UK economy is losing £ 2.3 bn on each bank holiday. How much is Armenia losing? Continue reading

Easy Money: Implications of Armenia’s Recent Sovereign Bond Issuance

There are a lot of reasons why Armenia’s issue of its first sovereign bond issue was a bad idea. Policy Forum Armenia has published an interesting analysis, listing a total of 6 reasons. Continue reading