Independent and cutting-edge analysis on Turkey and its neighborhood

The Armenian economy had already been hit hard by the Russian Georgian war in August 2008 when the global financial crisis developed. Despite being protected by a strong banking system, the country experienced significant economic downturn. One of the reasons for this was the drop of remittances from Russia. This article describes these dynamics while also analyzing the government bailout program and investment plans.

CONTRIBUTOR
Samvel Avagyan
Samvel Avagyan
From the Desk of the Editor This issue of TPQ takes up a myriad of issues that the Middle East is grappling with today: from protracted conflicts and the increasing complexity of proxy wars, to changing regional blocs and emerging powers. The Arab uprisings of 2011 remain an important fulcrum for the changing political landscape of the Middle East, and as many of our authors contend, the underlying problems and basic drivers...
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