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

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. Continue reading

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Reuters report points a finger at Armenia

Iran -- President of Iran Mahmoud Ahmadinejad welcomes Armenian President Serzh Sarkissian in Tehran, 27Mar2011

Armenia — Presidents of Iran and Armenia meet in Yerevan, 27Mar2011 | Official photo from http://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. Continue reading

Armenian Economy: a Diagnosis

PFA's "Armenia: Averting an Economic Catastrophe" Report

The Cover Page of PFA's "Armenia: Averting an Economic Catastrophe" Report

Policy Forum Armenia, a Washington based Armenian think tank and advocacy group, has published an in-depth report, which might well be the best diagnosis of Armenia’s economic  woes available out there. Continue reading

Armenia Improves its Position by 6 Points in Latest Doing Business Report

Armenia has significantly improved its position in the latest Doing Business report published annually by the International Finance Corporation and the World Bank.

Armenia has moved up 6 points reaching the 55th slot among 183 countries covered by the report.

The Doing Business project provides objective measures of business regulations for local firms in 183 economies and selected cities at the subnational level and is considered an important indicator for driving foreign investments to a country. Continue reading

Yerevan shopkeepers loose their kiosks, jobs and chance to repay loans

Yerevan’s mayor Karen Karapetyan has ordered removal of small kiosks from Armenian capital’s central streets, despite the fact, that many of the kiosks are run by small businessmen, who are fully legally licensed to operate, have corresponding permissions for the space they occupy and often are struggling to repay newly acquired loans. Continue reading