Armenia's Economic Pulse

[Mher]

Re: Armenia's Economic Pulse

I agree with what you're saying, and maybe those advanced methods of agriculture are a bit a way. Investments in dairy productions and poultry productions should be upped. Armenia does have the potential to utilize its land for a higher yield with newer methods and technologies. It can also allocate vast lots of land to nature reserves to increase tourism. Lowering labor participation in agriculture might also encourage light manufacturing, or just exasperate migration.

some of the technology you mentioned actually gets used, but only by very few large companies. There's a lot that needs to reformed and improved in Armenian agriculture. the amount of food that gets produced but never sold or consumed is hard to believe. There's a lot of shortcoming in quality control, in efficiency, and in distribution.

[HyeSocialist]

Re: Armenia's Economic Pulse

Correct, But right now its economically unreasonable to introduce high cost technologies, that require highly qualified labors. Wages in Armenia are still low, Labor is abundant ( Due to unemployment) so the best thing is to introduce technology on a small scale to complement labors and increase efficiency. So probably using labor intensive techniques is economically and socially justified right now.
( Assessing the technique to use, depend on the factor available, wages, etc... so these things need research and valuation).

I agree with what you're saying, and maybe those advanced methods of agriculture are a bit a way. Investments in dairy productions and poultry productions should be upped. Armenia does have the potential to utilize its land for a higher yield with newer methods and technologies. It can also allocate vast lots of land to nature reserves to increase tourism. Lowering labor participation in agriculture might also encourage light manufacturing, or just exasperate migration.

[Zeytun]

Re: Armenia's Economic Pulse

Agriculture needs investment in the forms of massive greenhouses and computerized/automated systems like those used in Spain. You can yield 2 to 3 times as much crops in a year at a fraction of the cost and labor.

Correct, But right now its economically unreasonable to introduce high cost technologies, that require highly qualified labors. Wages in Armenia are still low, Labor is abundant ( Due to unemployment) so the best thing is to introduce technology on a small scale to complement labors and increase efficiency. So probably using labor intensive techniques is economically and socially justified right now.
( Assessing the technique to use, depend on the factor available, wages, etc... so these things need research and valuation).

[HyeSocialist]

Re: Armenia's Economic Pulse

A few basic economic factors to keep in mind this coming year

1) price of copper: Copper remains Armenia's biggest export, and the price right now is at a seven year low.

http://www.nasdaq.com/markets/copper.aspx?timeframe=10y

2)agriculture production. 2015 was a very successful agricultural year for Armenia due to good weather, and this was the main reason Armenia outperformed all predictions by international institutions. 2014 by constant was very poor due to severe spring weather. its crucial to have another good year if the economy is to keep growing.

3) Russian economy and Turkish/Russian relations. 20% of Armeina's GDP is unfortunately still composed of remittance, the fifth highest rate in the world, and most of that comes from Russia. Moreover, the overall regional economy, the viability of Armenian exports, all depend on the Russian economy. The worsening of Turkish/Russian relations only benefits Armenia. It increases our strategic value, and the banning of Turkish good will have a boost for Armenian exports, just like the retaliatory sanctions against Europe did.

4) development of the Iranian economy after sanctions. The Iranian economy is bound to see positive changes in a post sanction world, and we should see a spillover effect in Armenia. this includes both cheaper/better Iranian products, as well as a better iranian market for armenian goods.


the one bright spot for our economy remains the IT sector. It's grown from less than 1% of the GDP to 5% by the end of 2015. It's supposed to reach 10% by 2019.

But we need to continue to develop it and other domestic sector so we can get out of this sad third world, shock prevalent economic state we find ourselves in, where our economic survival is based on such ludicrous factors like weather, copper price, and remittance.

Agriculture needs investment in the forms of massive greenhouses and computerized/automated systems like those used in Spain. You can yield 2 to 3 times as much crops in a year at a fraction of the cost and labor.

[Mher]

Re: Armenia's Economic Pulse

A few basic economic factors to keep in mind this coming year

1) price of copper: Copper remains Armenia's biggest export, and the price right now is at a seven year low.

http://www.nasdaq.com/markets/copper.aspx?timeframe=10y

2)agriculture production. 2015 was a very successful agricultural year for Armenia due to good weather, and this was the main reason Armenia outperformed all predictions by international institutions. 2014 by constant was very poor due to severe spring weather. its crucial to have another good year if the economy is to keep growing.

3) Russian economy and Turkish/Russian relations. 20% of Armeina's GDP is unfortunately still composed of remittance, the fifth highest rate in the world, and most of that comes from Russia. Moreover, the overall regional economy, the viability of Armenian exports, all depend on the Russian economy. The worsening of Turkish/Russian relations only benefits Armenia. It increases our strategic value, and the banning of Turkish good will have a boost for Armenian exports, just like the retaliatory sanctions against Europe did.

4) development of the Iranian economy after sanctions. The Iranian economy is bound to see positive changes in a post sanction world, and we should see a spillover effect in Armenia. this includes both cheaper/better Iranian products, as well as a better iranian market for armenian goods.


the one bright spot for our economy remains the IT sector. It's grown from less than 1% of the GDP to 5% by the end of 2015. It's supposed to reach 10% by 2019.

But we need to continue to develop it and other domestic sector so we can get out of this sad third world, shock prevalent economic state we find ourselves in, where our economic survival is based on such ludicrous factors like weather, copper price, and remittance.

[Mher]

Re: Armenia's Economic Pulse

thanks for the nice words guys, but the only people deserving praise are the eighteen year old kids enduring -20C nights right now, defending our front lines. Since we're not doing what they are doing, the rest of us have the responsibility to contribute to the economic and democratic progress in Armenia, so these kids can have viable employment when they do get out.

[Haykakan]

Re: Armenia's Economic Pulse

You think???
We have kicked butt causing fire under Turks and Azeris butt not understanding how its possible,lol.

We are people of the book ...we cannot be destroyed, Turks still haven't learn that even with AG and still hope and think they can end us.

Good news guys, I agree. Mher does a good job informing us brother Haykakan no?

Yes Mher is a great example of how Armenian young men should be. He cares for his people and country and does something to help and participate. He has some illusions about the west but most people do as well. I wish him and our young generation the best of luck...they will need it.

[Shant03]

Re: Armenia's Economic Pulse

Azerbaijan economically stays behind Armenia: Bloomberg’s economic forecast

Bloomberg agency published the list of countries with bad economies in 2016.

Azerbaijan is listed after Armenia, Estonia and Hungary among the 93 countries with bad economic rates. Bloomberg predicted 2.5% economic growth for Armenia which ranks immediately after USA with 2.5%GDP and 2.4% economic growth for Azerbaijan.

According to the predictions of experts, Venezuela will have the worst economic rates in 2016 which GDP will fall by 3.3% in 2016. Brazil went second place in the rankings which GDP is predicted to drop by 2.5% and Greece ranked 3rd (GDP reduction by 1.8%). Russia is listed in the 5th place in the rankings (GDP reduction by 0.5%).

Cana Mana get a chop?

[londontsi]

Re: Armenia's Economic Pulse

[Eddo211]

Re: Armenia's Economic Pulse

... I think Armenia has done well considering the sanctions situation and the blockade...

You think???
We have kicked butt causing fire under Turks and Azeris butt not understanding how its possible,lol.

We are people of the book ...we cannot be destroyed, Turks still haven't learn that even with AG and still hope and think they can end us.

Good news guys, I agree. Mher does a good job informing us brother Haykakan no?