Armenia’s Twisted Reality: Bread Prices Rise as Wheat Gets Cheaper Globally

Wheat futures have tumbled 17 % in the past year as global production and inventories headed for all-time highs. A further 7% decline in world wheat indicator price is expected this year and the price is expected to average at around 275$ a ton. Meanwhile in Armenia the price of bread and cereals rose 11% in December 2011 year on year, according to eMedia. Continue reading

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Armenian Government Planning to Boost Migration?

Armenia -- Street traders demonstrate outside the Yerevan municipality, 19Jan2011

Yerevan’s new mayor Karen Karapetian ordered to enforce the ban on all forms of street trade in the Armenian capital, clearing sidewalks of people selling a wide range of goods, from agricultural produce to construction materials. Continue reading