Publications

Explore our latest article on Caucasus Watch, where we delve into the intricacies of Armenia's economic growth. Is it a myth or reality? Our data-driven analysis and expert perspectives provide a comprehensive look at the future of Armenia's economy.

The article explores the rapid growth in Armenia's banking deposits from December 2021 to April 2024, primarily fueled by external factors like the influx of Russians due to the Ukraine conflict and displaced Armenians from Nagorno-Karabakh. Despite challenges like the appreciation of the Armenian dram, deposits continued to rise, reflecting the banking sector's resilience amid geopolitical shifts.

The article discusses Armenia's tourism strategy, balancing between Russian and Western visitors amid geopolitical tensions. With a surge in Russian tourists due to sanctions and travel restrictions, Armenia must navigate the delicate balance of catering to this influx while maintaining appeal to Western visitors. The piece highlights this dual approach's economic benefits and challenges, emphasizing the need for a strategic response to evolving regional dynamics.

The article examines Armenia's potential for export growth amid Russia's possible economic decline. It discusses how Armenia could leverage its economic ties with Russia while diversifying its trade partnerships to mitigate risks. The piece also highlights challenges and opportunities in expanding Armenia's export markets, especially in global economic shifts and regional dynamics.