Category Archives: Economy

Armenian Economy: a Diagnosis

PFA's "Armenia: Averting an Economic Catastrophe" Report

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

Return

What happens when Armenian Americans, pick up, and move to Armenia? Produced and Directed by Robert Davidian. (Part 1, 2, 34, 5, 6)

Yerevan’s “Closed Market” Closes for Renovation

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

VivaCell-MTS Deploys First Commercial 4G Network in Armenia

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

Yerevan’s Homeless To Celebrate New Year in Temporary Shelters

Armenia -- Municipal authorities show a homeless person his temporary shelter, Yerevan, 23Dec2011

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

Zvartnots Airport to connect with Yerevan’s Metro

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

Armenia Improves its Position by 6 Points in Latest Doing Business Report

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

STOP destroying old Yerevan

Salary growth slows while price index ups to result in lower quality of life

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

The world’s local bank and its cute local boat

HSBC Armenia has a great pet-boat named Nairi and it just turned 3 years old. Continue reading