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.

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.

Given the growing sense of global multipolarity and the apparent twilight years of the American-anchored liberal international order, Armenia cannot solely rely on friends and allies around the globe to ensure its survival. A more realistic approach is necessary.

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.

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

The Eurasian Economic Union (EAEU) was established in 2015 with the objective of creating a shared economic space with a single customs union. This Fact Sheet about the EAEU provides a closer look at its membership, it purpose, its weaknesses and more. It is part of a larger project, “Understanding the Region: The Caucasus and Beyond.”

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.

On October 30, 2017 the Baku-Tbilisi-Kars Railway better known as the Akhalkalak-Kars Railway, became operational. The Akhalkalak Terminal, is only 30 kilometers from Armenia’s border. What does this mean for Armenia and for the Armenians of Javakhk? Vahram Ter Matevosyan takes a closer look at the implications and prospects for Armenia.

The Diaspora has been an inherent component of Armenian reality since antiquity. Its enduring roots, affluent heritage and indispensability to the Armenian nation is difficult to challenge. This article examines the global entrepreneurial endowment of the Diaspora, how it developed and what its role can be today for the Republic of Armenia.