Tag: trade

Armenia’s statistics agency recently released its annual report on a number of socio-economic metrics covering sectors from trade to tourism to employment and inflation. Hovhannes Nazaretyan presents some of the more interesting findings reflecting the state of the country.

In EVN Report’s news roundup for the week of June 16, 2023: Azerbaijani forces cross Hakari Bridge in an attempt to hoist their flag; Baku bans all humanitarian passenger and cargo transport through the Lachin Corridor; two Indian nationals injured following Azerbaijani attack on a metallurgical plant in Armenia’s Ararat region.

In EVN Report’s news roundup for the week of April 28: Azerbaijan installs checkpoint at the entrance of the Lachin Corridor in flagrant violation of the tripartite statement that ended the 2020 war; Azerbaijani eco-activists, who had been blocking the Corridor for 138 days, have temporarily suspend their protest; France’s Foreign Affairs Minister is in Armenia, says Baku must comply with the ICJ decision on the Lachin Corridor and more.

While the EU is one of Armenia’s largest trading partners, exports from Armenia remain relatively low. This trade deficit can present an opportunity for Armenian exporters to expand their presence in the European market and increase their export volume.

Armenia’s Statistical Committee recently published its annual report on a variety of socio-economic metrics. Driven by the effects of the Russo-Ukrainian war, Armenia saw robust economic growth, dramatic upturn in international trade, IT, and banking.

For years, the EU did nothing to reign Putin in. Finding an alternative for its energy needs, the EU traded one gas supplier waging a genocidal war of aggression—Russia, with another—Azerbaijan.

The European Bank for Reconstruction and Development (EBRD) has been working in Armenia for the past three decades focusing on developing the country’s financial sector, supporting development of value-added industrial companies, improving the business environment and more. Head of EBRD’s Yerevan Resident Office, George Akhalkatsi, speaks to EVN Report about the organization’s activities and plans for the future.

Armenia hasn’t participated in any multilateral connectivity initiatives in the South Caucasus since independence, primarily due to the war with Azerbaijan. Since the 2020 Artsakh War, new projects are taking shape—again without Armenia’s participation.

Russia’s war against Ukraine has thrust the South Caucasus into a contest for control over transport routes. Despite being landlocked, Armenia remains at the center of Russian-Turkish ambitions to deepen cooperation.

Navigating through the complexity of the triangular dimension of identity, trust and engagement infrastructure is the key to diaspora networks, their connection with the home country, and economic development.