Study by a local think-tank reveals decline in household incomes and investment skepticism in businesses, points to the need to stimulate demand.
The Economy and Values Research Center (EV Consulting), the Armenian counterpart to the World Economic Forum in producing its annual Global Competitiveness Report, has attempted to assess the impact of the current economic crisis on Armenia in its recent study.
A group of Armenian and Azerbaijani parliamentarians and intellectuals initiated a one-day “public diplomacy” trip visiting the Presidents and key officials in the disputed Karabakh region, Armenia and Azerbaijan. The action was designed to appeal to the publics in the conflict stricken region. Meanwhile, the Armenian bloggers were not impressed.
In an interview to Azerbaijani media, Siyavush Kerimi, one of the intellectuals visiting Karabakh as part of the Azerbaijani delegation, said after seeing the President of the Self-Declared Karabakh Republic: “I was reassured in my meeting with the leader of the separatists Bako Sahakian, that he is a short-sighted man and that Armenian’s don’t want to see the reality.”
Citing these words, Kornelij Glas comments with irony: “Here’s, for example, one of the people brought to Karabakh by the genius of Armenian diplomacy.”