Categories
Economy Region

Armenia to surpass Azerbaijan and Georgia by GDP per capita. IMF

Armenian GDP per capita has surpassed that of Georgia and is projected to surpass Azerbaijan for the first time since 2005, according to IMF data. More importantly, the growth is projected to continue for the next 4-5 years according to IMF.

In 2019 GDP per capita in Armenia was equal to $ 4527.592 (current prices, USD), while that of Georgia was worth $4289.322 and Azerbaijan — $4689.378. The projection for 2020 says Armenian GDP per capita will grow to $4759.2, overtaking Azerbaijan.

GPD (current prices) in USD in Armenia, Azerbaijan, Georgia

Meanwhile, Armenia’s GDP still is still lagging behind Azerbaijan and even Georgia, according to IMF data. At $13.4 billion USD Armenia’s GDP is 3.5 times smaller than that of Azerbaijan’s $47.1 billion and about $2.4 billion USD less than that of Georgia’s $15.9 billion.

As far as I’m concerned, the good news is that GDP in Armenia will continue to grow according to IMF. And if Pashinia’s full year in power (2019) is any indicator, this growth will actually translate into good roads and infrastructure, better medicaid and higher pensions for Armenian citizens, instead of going into the pockets of a bunch of corrupt officials, as was the habit during the previous regimes.

Categories
Armenia Politics Society

Here's to The New Year: The Worst Is Yet To Come

Armenia — Festive Fireworks on New Year’s Eve in Yerevan’s Republic Square, 01Jan2014

I’m the most optimistic person I’ve met in this world. And yet, when the lavish fireworks broke into Yerevan’s arrogant night sky on New Year’s Eve, my heart squeezed with sorrow.

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Categories
Armenia

Reuters report points a finger at Armenia

Armenia — Presidents of Iran and Armenia meet in Yerevan, 27Mar2011 | Official photo from www.president.am

Reuters news agency has published a report, claiming that Iran is seeking to expand its banking foothold in Armenia and thus trying to skirt bank sanctions the Islamic Republic is facing because of its nuclear program.

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Categories
Armenia Podcasts

Podcast: Bloggers and Pornstars against "dumb economists"

Bloggers discussed various YouTube videos depicting the brawl between photojournalist Gagik Shamshyan and Bryusov University’s Security. Some tried to prove the photojournalist provoked the fight, others claimed the opposite, while some just bragged about – “Երկիրը երկիր չի” (It’s all ‘couse the country’s f**ed up!).
The disagreement between the radical opposition movement Armenian national congress and the only opposition party represented in Armenia’s parliament – “Heritage” attracted some attention as well.
Many others centered on the possibility that the US President Barac Obama might actually fulfil his campaign pledge and use the term Armenian Genocide in the traditional April 24th address.
On a more real-life development, along with ‘regular’ online media, the Armenian bloggers this week were invited to meet Inga and Anush Arshakyans, the twin sister-singers, who will represent Armenia at the Eurovision 2009. Bloggers Tigran Kocharyan (better known as Pigh) and Ani Qaramyan (coordinator of  the online PR campaign of Armenian Eurovision contestants, who also maintains their official blogs in English and Russian) told us more about the meeting of bloggers and singers in the course of an interview for the 40th episode of the Armenian Blogosphere Podcast.
The podcast itself (which is also a radio program broadcast on Radio Hay on Saturday and Monday mornings, remember?) centered more on Feedom Figter’s two posts about the Armenian economy.
In the first of the two posts Feedom Figter tells about the 22 year-old Italian pornstar Laura Perego, who stripped out of her black overcoat in Milan’s stock exchange in sign of protest against the financial crisis. In the two posts the Freedom Fighter protests against “dumb economists” and puts together a national rescue plan.
Full text of the blog-review in Armenian is here. You can download the 1.6 Mb mp3 file with the Armenian Blogosphere Podcast from here.  Alternatively, you can listen to the podcast online, by clicking the player icon below.
https://ditord.com/wp-content/uploads/2009/03/prog40.mp3?_=1
Categories
Armenia Podcasts

Podcast: Between dram and dollar. Bloggers’ calculations, predictions and assumptions

Information about the US dollar trading at stock exchange is published almost every day in the print media. People hesitate whether to keep their savings in Armenian dram, or to hurry and buy dollars?
“They say that the banks shall not sell dollar and other foreign currency starting from today. If you have not managed to buy earlier, you are late,” Pataphysicus has written.