Abkhazia Hit by Russian Crisis
Some economists say that being so tightly tied into the Russian economy could actually mitigate some of the worst effects.
Some economists say that being so tightly tied into the Russian economy could actually mitigate some of the worst effects.
Falling money transfers from people working in Russia will work through the Tajik economy, reducing purchasing power and raising prices.
Drivers have informal “conductors” to collect cash to supplement their wages.
As President Sargsyan stresses economic benefits of joining Russian-led bloc, others fear they are signing up to political union as well.
In other countries, diesel generators are used for emergencies, but in Cuba they are part of the state's "dispersed generation" power grid.
Official say alarmist comments could dent confident in currency's ability to recover.
Lower export revenues and falling money transfers from expats in Russia have sent the Armenian dram onto a downward path.
After one national carrier collapsed last year, its successor is fighting for survival.
Years of conflict have taken toll on key export industry.
Analysts say government will have to adopt laws to meet European standards sooner or later.