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June 2009
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Where’s The Money Going

On Monday the Executive Board of the International Monetary Fund (IMF) agreed to disperse $158 million in an emergency loan to Armenia to help offset the economic downturn. Just a few months ago the IMF had issued a $540 million loan shortly after the dram deflated 70 drams against the dollar virtually overnight.

According to official [...]

Armenia Receives $500 Million Loan From Russia

russian loan to armenia, armenian economy

Is Armenia European?

Or should the title of this entry read, “Is Armenia Aspiring to Be Something Else Other Than European?”

One morning while on the bus I began to contemplate what Armenia intends itself to be in the 21st century, that is, how does it see itself in the world or how will its identity be defined by [...]

Armenian and Azeri Presidents Meet Again

On June 4,  Armenian president Serge Sarkisian met with his counterpart Ilham Aliev in St. Petersburg, Russia to discuss ways in resolving the Nagorno-Karabagh conflict. Supposedly they have made some progress by at least agreeing to move forward in the negotiation process.

Armenian Foreign Minister Edward Nalbandian was quoted by journalists saying that “Although we cannot [...]

A Customs Nightmare

I just ran across an article published on Hetq Online about a recent repatriate named Dro Tsarukyan going through hell with the Armenian customs agency to retrieve some goods that he had sent to Armenia. Below is the text in full.

On May 27, 9:30 am, I happily went to Noragavit custom agency in the outskirt [...]

What Recession?

Several official figures have been published recently suggesting that Armenia is in a downward economic spiral as a result of the global recession. In the first two months of the year, the economy receded 3.7 percent according to official statistics, and the dram devalued about 20 percent from 305 to 370 against the dollar in [...]

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