Tag: economic

Although Italy and Armenia have a long history of ties, Italy’s current economic interests and choice of strategic partners leave little room for maneuver in support of Armenia or Artsakh.

Following Russia’s invasion of Ukraine, several Russian financial institutions were disconnected from SWIFT. Justin Tomczyk explains what SWIFT is and how blocking Russia from accessing it could impact the Armenian economy.

While there have been some positive developments in the Armenian dairy industry, its further development is being hampered by a number of factors. Economist Suren Parsyan explains.

A new tax hike on copper concentrate, molybdenum concentrate and ferromolybdenum places a burden on a sector that is critical to Armenia’s balance of payments and was implemented with an unwelcome urgency reducing regulatory certainty for potential investors.

The IT sector in Armenia is a strategic direction for the development of the country thanks to the relatively high level of scientific and educational potential of the population, and also one of the highest paid sectors.

Armenia and China share a rich history in which mercantilist Armenians played a noteworthy role in the exchange of goods along the Silk Road. Although the Armenian state today is vastly different from a millennium ago, that industrious character remains in the Armenian spirit.

Compared to other markets in the Armenian economy, the telecommunications and communications market is highly competitive. Economist Suren Parsyan breaks it down.

On the path to becoming a serious player in the global tech sector, Armenia needs to foster an environment that allows technology companies to achieve their business goals, which includes legal institutions to resolve complex disputes.

Lucrative economic ties with Azerbaijan have influenced the United Kingdom, Italy and Hungary, among others, in their stance during and after the 2020 Artsakh War.

There are a number of obstacles and barriers within the internal market of the EAEU. If solved quickly and effectively, it can create opportunities for mutual trade to grow, making it a productive vehicle for regional integration.

Although the principle of equal pay for equal work for men and women is fully implemented in Armenia’s Labor Code, a gender pay gap persists. Lara Techekirian looks at the challenges, the government’s response and presents a set of recommendations.

It is widely believed that electric vehicles will transform human mobility and energy usage patterns. Could Armenia become a hub of innovation for electric mobility?

Late last year, Armenia’s national postal carrier announced an increase in prices for international shipments. Small businesses have been hit hard.

From widespread collectivization of farms during the Soviet era to privatization after independence in 1991, the state of agriculture in the three countries of the South Caucasus.

There is a growing view that the Eastern Partnership needs to formally move beyond its founding premise as a bridge between neighbors and to become a vehicle for significant economic integration and ultimately, perhaps, EU accession.

Armenian banks offer 9% interest on a one-year term deposit. Harout Manougian explains what you need to know before opening an account.

The EU’s policy toward its neighbors has had several transformations, including a shift from a “one size fits all” approach to a “pick and choose” one. Anna Barseghyan explains.

What will change after the global COVID-19 pandemic and how can Armenia position itself to come out of the crisis in a stronger position? Samson Avetian breaks down the economic landscape.

Armenia’s advancement in the tech and innovation space is only in its infancy. In order to take the next step, domestic financial markets need to be well-aligned and sophisticated enough to provide the best possible support and take Armenian entrepreneurship and innovation to the next level.

The 21st century has witnessed the rapid encroachment by capitalism on what is referred to as the “commons,” writes Sjur Papazian. He argues that surplus from mining in Armenia could be placed in a permanent fund for the benefit of all.

Striving for gender equality in the labor market is essential to maximizing Armenia’s economic potential.

EVN Report takes a comprehensive look back on the events that shaped 2019, from high profile criminal cases to foreign relations.

Armenia’s minimum wage is set to increase in 2020. When setting the minimum wage, governments need to take a balanced and evidence-based approach that considers the needs of workers and their families on the one hand and economic factors on the other.

China’s revolutionary and controversial Belt and Road Initiative, meant to link East and West, has dipped its toes into Armenia.

Global trends demand new requirements in education and labor markets. To remain competitive, a country has to embark on creating, developing and implementing innovation while focusing, more than ever, on the development of a knowledge-based economy and pushing research and development forward. How will Armenia fare?

Serious issues in the country’s mining sector is something this new government inherited from the former regime. Artur Grigoryan argues, however, that enough steps have not been taken to eradicate or even curb corruption in the sector.

Economist Ani Avetisyan looks at the recent decision by Armenia’s government to switch to a flat income tax system and argues that cutting tax rates is not an efficient tool for decreasing shadow economy if a country is institutionally underdeveloped.

What happens to those senior citizens in Armenia, who don’t have families who can or want to take care of them? There are only a handful of public and private old age homes, most suffering from lack of funding and poor services.

In the first of a series of articles, Dr. Lucyann Kerry proposes ways to reconfigure, reconnect and reconstruct the flow of resources, money/capital and human agency/interaction to revitalize the country based on successful models.

Mining has a potential to play a significant role in Armenia, however current gaps in legislation and poor monitoring and assessment presents many risks.

The majority of Armenia’s passenger and cargo transportation travels through the strategic Georgian land road of Lars, which is prone to natural disasters and often crippled because of congestion.

Deepening already existing relations between Armenia and Georgia will only benefit the two countries, however, the potential for economic cooperation is not being realized to its fullest. Armenian and Georgian economists agree that political will is needed.

With snap parliamentary elections just a month away, there is a historic opportunity to set the foundations for a democratic state. While fair and free elections are critically important, they are only a first step. Armenia’s democratization must include making human rights the cornerstone and main guiding framework for policy making.

Education has the immense power to impact industries and the economy. Artashes Vardanyan writes about the need to transform the educational system to meet the needs of one particularly promising sector of Armenia's economy, the High-Tech industry.

The traditional cautionary question is often heard in Armenia: “How is it possible, in this state of war, to entrust governance to inexperienced people?” Suren Manukyan looks at the question of youth over the four waves of Armenia’s political elite starting from the Karabakh Movement.

The new Armenia-EU agreement can be considered a milestone in the history of modern Armenia and in Armenia-EU relations but how does it change the context of Armenia-Russia relations? And what does it mean for Armenia- from the future of the Nuclear Power Plant to rebranding the Armenian cognac?

Today, the demand for increased agricultural productivity to ensure food security, the use of genetically engineered crops and powerful conglomerates that control most of the world’s seed industry like Monsanto are threatening the lives and livelihoods of small farmers all over the world. This contentious global debate has now found its way to Armenia. EVN Report investigates.

The favorable IT climate in Armenia is the reason for the recent software boom.There are more than 450 IT companies, which are employing more than 10 thousand software developers and engineers. Around two thirds of Armenian IT output is exported to over 20 countries. So what is standing between Armenia and its dream of building a "Silicon Mountain"?

The engine to a developed economy is the competitiveness of local businesses, because they are the building blocks of the economy and the country’s development. It is time for Armenia’s economy to advance to the next level of efficiency and each company has a unique role to play in this regard, writes Sona Grigoryan.

"Why Nations Fail" and why is Armenia's economy failing - Armen Grigoryan's case-study of Acemoglu's and Robinson's economic theories and their implications in Armenia's economy and politics.