Armenia

<p>In 2014 will be already 10 years since Rose Revolution events happened here in Tbilisi, Georgia.</p><p>As we probably already know, after Rose Revolution - Mikheil Saakasvhilli took power in country, by being elected as President of Georgia.</p><p>&nbsp;</p><p>On October 27th again will be elections here in Georgia, and new president will be elected. <a href="http://reinisfischer.com/presidential-elections-georgia">I have allready…

Recently I wrote an article about Georgia, then, now - future, this time I would like to write about Armenia. Landlocked land, with huge economic problems, ongoing conflicts with neighboring Azerbaijan over Nagorno-Karbakh region. A country that plans to enter Eurasian Union on January 1st, 2014.   Let's start with some basic chart: As seen from the chart above, Armenia, as well as neighboring Georgia, is no exception, in economic shrink after collapsing of Soviet Union. Now let's take a…

t is fascinating to compare the economic growth of the Baltic states and Caucasus regions and make predictions on their future growth. The competition between these two regions to achieve a GDP of 100 billion USD is intense. In 2012, the total GDP of the Baltic states was 92.47 billion USD, while that of the Caucasus was 92.94 billion USD, with the latter leading by just 47 million USD. With 2013 already underway, it is interesting to take a look at the forecasts for each country and make…

The Baltic states and Caucasus region both have unique economic landscapes that make for an interesting comparison. Let's start by looking at the GDP in each of the six countries in 2012. Azerbaijan was the wealthiest country with 67.2 billion USD, followed by Lithuania with 42.25 billion USD, Latvia with 28.37 billion USD, Estonia with 21.85 billion USD, Georgia with 15.83 billion USD, and Armenia with 9.91 billion USD. It's interesting to see that Azerbaijan was the clear winner when…