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
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 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.
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
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.