There are Iranian tourists everywhere in Yerevan these days. They’re here to celebrate Novruz. We haven’t seen so many since at least 2011. This has got to be the result of lifting international sanctions against Iran. Continue reading “Iranians Flock to Armenia to Celebrate Novruz Again”
The Armenian dram strengthened against the U.S. dollar by 16 percent on Thursday after weeks of depreciation that accelerated dramatically earlier this week amid turmoil in Russia’s currency market, RFE/RL reports. Continue reading “Armenian Dram reacts to Government's actions, strengthens sharply”
Armenia’s national currency, the Armenian Dram lost about 10 percent of its value overnight.
Continue reading “Armenian Dram Plunges to Historic Lows amid Dollar Panic”
According to the Caucasus Barometer 2013, 55% of Armenians support Armenia’s joining the Eurasian Economic Union. More importantly, only 13% are against it. Continue reading “55% of Armenians support country's membership in Eurasian Economic Union”
“What do you do all day?” I asked.
“Sit around, smoke and drink coffee,” the traffic controller on one of Yerevan’s minibus routes chuckled back to me.
There’s sadness and troubled faces in Armenia’s banks, post-offices and around electronic payment terminals. Continue reading “Depressing utility bills hit the nation. UPDATED”
Armenia’s economic freedom score is 68.9 according to the Index of Economic Freedom 2014, making its economy the 41st freest in the world. This annual index and ranking is created by The Heritage Foundation and The Wall Street Journal in 1995 to measure the degree of economic freedom in the world’s nations. The question is — does it tell us the full story? Continue reading “Armenia's Economy Ranked 41st Freest in The 2014 Index. The Full Story.”
A media outlet known for its dirty work-style and past attempts to whitewash various corrupt officials, has come out with a theory! Continue reading “Frank Muller brand store closure in Yerevan linked to corruption? LMFAO!”
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 “How Much Do Holidays Cost The Armenian Economy?”
There are a lot of reasons why Armenia’s issue of its first sovereign bond issue was a bad idea. Policy Forum Armenia has published an interesting analysis, listing a total of 6 reasons. Continue reading “Easy Money: Implications of Armenia’s Recent Sovereign Bond Issuance”