Authors Posts by SARA KHOJOYAN
The four-day hostilities in Nagorno-Karabakh in early April have not yet had a negative impact on the economy of Armenia, according to a World Bank representative in Yerevan.
While Armenia’s government believes that a lowering of natural gas and electricity tariffs is going to take place soon, it is not yet clear to what extent it will impact the country’s economy.
Armenian President Serzh Sargsyan’s decrees dismissing three senior officials of the Ministry of Defense in the wake of the fiercest battles in Nagorno-Karabakh since 1994 have mainly been hailed by the public and expert community of the country.
Despite the current relative calm in the Karabakh conflict zone the situation may escalate into a full-scale war “at any moment”, official Yerevan believes.
Post-Centennial Reality: World reacts less vigorously to Armenian Genocide commemorations on 101st anniversary
Unlike last year’s 100th anniversary of the Armenian Genocide, this year there is less international attention to the commemorations being held in Yerevan on the 101st anniversary of the Ottoman-era massacres.
Russia believes there is no economic ground for the construction of a new nuclear power plant in Armenia, Kirill Komarov, the first deputy chairman of the Rosatom Company, said this week. He said that the construction of a new nuclear power plant in Armenia can only be talked about if there are appropriate calculations and justifications.
Not only Armenians living in their homeland, but also those in the entire world should refuse to buy Turkish goods because by buying them they support terrorism and production of weapons that are used against Armenians, argue activists of the “Protest Against Turkish Product” initiative.
Despite the optimism of Armenia’s authorities, the economy of the country, directly and indirectly, will bear negative consequences of the four-day war in Nagorno-Karabakh earlier this month, say economists, who also predict that a possible increase in military spending could become a bigger burden on the country’s economy.
The Monday resignation of Mihran Poghosyan, the head of the Justice Ministry’s powerful Service of Mandatory Execution of Judicial Acts (SMEJA), whose name is linked with a global offshore scandal, is considered by some as a victory for media or civil society, others, however, believe it is not enough in terms of restoring justice and legality.
The so-called Panama Papers revelations about world leaders’ connections to offshore businesses that have been the highlight of world media in recent days have not bypassed Armenia either, coinciding with anti-corruption sentiments in society amid an escalation of conflict with Azerbaijan.