Isolated Armenia leans on Iran

BBC has a very interesting article on Armenia-Iran relations. A highly recommended read. Here are a couple of interesting points:

Iran does not have too many friends these days, but in a far corner of the Caucasus, on the edge of Europe, it is forming a special relationship.

The story further goes on to tell about Omid Mojahed, a 28-year-old student and entrepreneur, who has started tourism business working in the Iranian market, as well as a restaurant. Omid speaks about attractiveness of Armenia for Iranian tourists and businessmen, and the freedom enjoyed by them:

“In summer I think that 90% of tourists are Iranian. Armenia is so close by and has attractive things – cafes and nightclubs, and beautiful Lake Sevan.”

Omid has also just opened a Persian restaurant, catering for locals as well as Iranian expats, keen for some home cuisine.

Part of that freedom includes an increasingly liberalised economy, and that makes Armenia attractive to foreign investment.

The Armenian capital is hardly an international economic powerhouse, but there are signs that Iranian investors sense an opportunity.

Interestingly, The Armenian Economist has covered the unsatisfactory level of trade turnover between Armenia and Iran, given the huge potential.

The story also explores US discontent with warm Armenia-Iran relations, and explains the situation of blockade the country is in.

PS: My special thanks to Patrik for always sending very interesting info and links to my email address. Duly appreciated!

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One thought on “Isolated Armenia leans on Iran

  1. Good article. It shows that it IS actually possible to do business in Armenia, despite what some people say (not that I needed this proven to me, because I know from personal experience that it is quite possible).

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