I came across this infographic on Настоящее Время, which shows average salaries in post-Soviet states in 2016-17. The data is taken from open sources, like the World Bank, etc. Interesting to see that the salaries in oil-rich Azerbaijan are lower than in Armenia, meanwhile Georgia is ahead of everyone. Below is a table extracted from the infographic, which I’ve typed up and translated into English for easy reference.
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 →
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.