Yesterday I read an article that explained the European Bank for Reconstruction and Development (EBRD) is forecasting a whopping 10 percent growth in Armenia’s GDP for 2010. That’s right, 10 percent. And that’s up from a previous estimate of 2 percent.
Why? According to the EBRD press release, the high amount of cash expected to flow into [...]
I just read an interesting report on RFE/RL about what is being pawned off as the end of an “economic crisis” in Armenia. I guess that depends on who you ask and where in Armenia you live.
Below are excerpts from the article:
Armenia’s worst recession since the early 1990s has come to an end, a senior [...]
The Gomidas market is by far my favorite shopping place to buy fruits and vegetables. It has to be one of the most colorful markets that I have ever visited in Yerevan or anywhere in Armenia. The extraordinary colors and heavenly scents surround you, and it’s easy to get lost in the [...]
This just in from BBC News:
Russia has temporarily halted gas supplies to Armenia after an explosive device was found near a pipeline, Russian news reports say.
A security official said exports via North Ossetia and Ingushetia were stopped and would not resume until the device was defused, Interfax reported.
Supplies to Georgia were not affected, a spokeswoman [...]
Hetq recently reported that several business tycoons/oligarchs have not donated to the Hayastan All-Armenia Fund this year. The money is slated to go towards restructuring projects in Shushi, located in Nagorno-Karabagh. Apparently Armenia’s wealthiest don’t care about rejuvenating their country anymore.
Here’s what the article revealed:
At a press conference today, All Armenia Fund Director Ara Vardanyan disclosed [...]
Yesterday, Thanksgiving in the US, the Hayastan All-Armenia Fund during its 12th annual telethon raised $15.8 million from viewers. Nearly $5.3 million of that total was donated by a Russian Armenian alone. It was a sharp 55 percent decrease from last year–$35 million was raised in 2008. On Wednesday night, the European Telethon raised $1.8 million.
I was guessing [...]
Recent Comments