How Much Do Holidays Cost The Armenian Economy?


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