Multimillion-dollar remittances sent home by Armenians working in Russia have started falling at accelerating rates amid slowing economic growth in Armenia.
Membership in a Russian-led trade alliance alone will not speed up Armenia’s economic development and needs to be complemented by closer commercial ties with Europe, the World Bank cautioned on Friday.
Armenian and European Union officials will meet soon to try to work out a new legal framework for bilateral relations that would not contradict Armenia’s upcoming membership in a Russian-led alliance, officials said on Wednesday.
The International Monetary Fund announced a further downward revision of its economic growth forecast for Armenia on Tuesday, singling out the fallout from Western economic sanctions against Russia.
President Serzh Sarkisian’s Republican Party (HHK) remains confident of staying in power as a result of Armenia’s next national elections due in 2017 and 2018, one of its deputy chairmen said on Monday.
Senior Armenian officials declined to clarify on Monday when President Serzh Sarkisian could act on his renewed threats to effectively invalidate Armenia’s 2009 normalization agreements with Turkey.
Armenian law-enforcement authorities indicated on Friday that they will not prosecute the owner of a large jewelry market in Yerevan who has punished its traders taking part in ongoing protests against new taxation rules introduced by the government.
Armenia will put its national security and independence at serious risk unless it rejects “Western values” to fully align itself with Russia, a former Russian ambassador in Yerevan warned on Tuesday.
A prominent Armenian businessman sympathetic to the opposition on Thursday offered a grim assessment of the economic situation in Armenia and said that it will not improve without a “change of the political system.”
Armenia will be able to deepen its ties with the European Union even after its planned accession to a Russian-dominated alliance of former Soviet republics, a senior Polish official said during a visit to Yerevan on Wednesday.
A senior Belarusian official has spoken of remaining “obstacles” to Armenia’s membership in the Eurasian Economic Union (EEU) but said they are likely to be overcome before an upcoming summit of the Russian-led bloc.
The chief of the Armenian police warned opposition groups against destabilizing the political situation in the country with “unlawful” actions as his forces trained to use force against anti-government protesters over the weekend.
Defense Minister Seyran Ohanian reaffirmed on Friday Armenia’s commitment to close cooperation with NATO, saying that it is drawing no objections from Russia or other ex-Soviet states aligned in the Collective Security Treaty Organization (CSTO).
The Armenian military will soon acquire more long-range and precise missiles than it currently has in its arsenal, Defense Minister Seyran Ohanian said on Friday.
The presidents of Armenia and Azerbaijan are due to meet again next month for more talks on the unresolved Nagorno-Karabakh conflict, a senior U.S. diplomat said on Tuesday.
Armenia could and should have equally good relations with the European Union and Russia, Austria’s Foreign Minister Sebastian Kurz said during an official visit to Yerevan late on Monday.
Armenia on Monday criticized NATO for again backing Azerbaijan’s territorial integrity in the Nagorno-Karabakh conflict and not explicitly acknowledging the Karabakh Armenians’ right to self-determination.
Armenia’s economy has become slightly less competitive over the past year due to lingering problems with the rule of law and unequal conditions for doing business, according to an annual global survey.
President Serzh Sarkisian attended and addressed on Thursday a NATO summit that was held in Wales amid the West’s deepening standoff with Russia, Armenia’s main ally, over the crisis in Ukraine.
Kazakhstan cannot block Armenia’s upcoming accession to the Russian-led Eurasian Economic Union (EEU) with preconditions relating to the Nagorno-Karabakh conflict, according to an influential pundit close to the Kremlin.
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