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 [...]
An interesting article about the current financial situation in Armenia that appeared in business new europe was reprinted on Hetq Online. Although I am not a financial adviser or banker, I can’t say that I agree with everything that was reported in the article.
Here is one excerpt that is interesting to note:
The growth of banks [...]
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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