Reuters news agency has published a report, claiming that Iran is seeking to expand its banking foothold in Armenia and thus trying to skirt bank sanctions the Islamic Republic is facing because of its nuclear program. Continue reading →
Nagorno-Karabakh -- Military parade in Stepanakert, archive photo
A US think-tank has concluded, that “the inherent weakness and lack of discipline among the frontline units” of the Azerbaijani army along the Contact line with Nagorno-Karabakh Republic’s Self-Defense Army make the danger of renewed hostilities and escalation more — not less — likely, given the tendency to over-react to incidents and misread the battlefield environment. Continue reading →
Armenia -- An Iranian couple takes pictures in Yerevans Republic Square, 21Mar2011.
Head of Armenia’s Tourism agency has said the number of visitors to the country is growing at the rate of 20-25% annually, even though a World Economic forum report indicated that Armenia seriously lags behind its neighbours in tourism competitiveness rating. Continue reading →