Weak Demand from U.S. Further Erodes Armenia Polished Diamond Sector

Polished diamonds have traditionally been one of the biggest drivers of Armenia’s economic growth. After several years of sustained double digit economic development one would anticipate a decline in growth of several. But when it comes to diamonds – it is erosion, and that is quite dangerous. We have been hearing also a lot of complaints from the IT sector: one of the other priority areas. It looks as though anything the government attempts to…

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Derry out of Champions League after defeat in Armenia

There are very few things left in this country that make me happy. One of those things is success in sport: chess, boxing and football (soccer). I mean – yeah! We beat Derry! Great stuff! Thursday, July 26, 2007 Derry City are out of this year’s Champions League after losing the second leg of their qualifier against FC Pyunik yesterday evening. The Armenian champions won 2-0 in Yerevan following the scoreless draw in last week’s…

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