Financial Sector Snapshot - Armenia
- the estimated 2004 after-tax earnings of ALL Armenian banks is around 18,5 million USD (which, almost needless to say, is very low by comparison)
- given that banks are small, they can only serve small or medium-sized enterprises (which in turn often cannot meet the underwriting standards)
- a major impediment to growth of deposits is the fear of the tax police (although their actual rights are limited)
- there exist around 500 000 accounts in Armenia, almost all located in Yerevan
(Source: Financial Sector Assessment of Republic of Armenia, Emerging Markets Group, under contract to USAID 2005)
By Yevgenya Jenny Paturyan
Interview by Dustin Gilbreath
By: Dustin Gilbreath
CRRC’s third annual Methodological Conference: Transformations in the South Caucasus and its Neighbourhood
The recent history of the South Caucasus as seen by the world’s media – Part 1, Armenia and Azerbaijan
Book Review | The Post-Soviet Wars: Rebellion, Ethnic Conflict and Nationhood in the Caucasus | Christoph Zürcher
Brookings Index of Regime Weakness | State Rebuilding or State Collapse in the Caucasus | The Annals of Data
Taking partly free voters seriously: autocratic response to voter preferences in Armenia and GeorgiaDo voters in less than democratic contexts matter or are elections simply facades used to create a veneer of democratic accountability for domestic and international actors? Within the Autocratic Response to Voter Preferences in Armenia and Georgia project, funded by Academic Swiss Caucasus Net, CRRC-Georgia and CRRC-Armenia aimed to help answer this question, at least for Georgia and Armenia. On October 27, Caucasus Survey published the results of the project in a special issue, available here.
During Sargsyan’s incumbency, dissatisfaction with government grew and support for protest increasedSerzh Sargsyan, formerly the President and then Prime Minister of Armenia, resigned from office on April 23rd, 2018, following 11 days of peaceful protest. Over the past 10 years, which coincide with Sargsyan’s time in office, Armenians were increasingly dissatisfied with their government. At the same time, the country witnessed growing civic engagement, with “youth-driven, social media-powered, issue-specific civic activism,” referred to as “civic initiatives”. CRRC’s Caucasus Barometer data from 2008 to 2017 reflect both these trends.
Surveys carried out in Georgia and in Armenia in 2009 and 2019 asked respondents if they approved or disapproved of doing business with or marriages with people of 12 other ethnicities. So, are Georgians and Armenians becoming more or less tolerant?
Data from the Caucasus Barometer has consistently suggested that Georgians and Armenians are more tolerant of doing businesses with other ethnicities than they are of inter-ethnic marriages.
The recent war in Nagorno-Karabakh resulted in thousands of deaths and the displacement of tens of thousands. Yet despite there being a brutal war near its borders, many in Georgia were unaware of the conflict.
Data from the Caucasus Barometer survey indicate that awareness of the conflict’s existence increased shortly after the war in 2020 compared to 2013, but only slightly. In 2013, when the Nagorno-Karabakh conflict was ‘frozen’, 66% of Georgians reported they had heard of it. Around a third of the population was not aware of it. In December of 2020, shortly after the 44-day long war, 74% of Georgians reported they had heard of it. A whole quarter (26%) of the population, meanwhile, was not aware of military operations between the country’s two direct neighbours.