Armenia has already signed some agreements with China to participate in the BRI project while no concrete measures are financed by the initiative. But what are the economic advantages and disadvantages of the BRI? While funding of some for Western financiers unattractive projects by China is a...

One of the pillars of the Belt and Road Initiative is the deepening of cooperation between member countries, especially in the field of science and innovation. But, is there any historical evidence of the concept of the Great Silk Road as a region of technology transfer, first? Secondly, what...

Scholars showed that in transition and developing countries originating from the Soviet period, the degree of market competition is rather low, as large corporates that had been operating were still prevailing. One can assume that the markets had been highly attractive and many newcomers must...

The EU's relations with Armenia are based on the EU - Armenia Comprehensive and Enhanced Partnership Agreement (CEPA), which was signed on November 24, 2017, and entered into force on March 31, 2021. Within the framework of this agreement, the cooperation of the EU and Armenia in various spheres...

The Belt and Road Initiative is one of the platforms for regional cooperation that enables participating countries to develop and deepen economic ties. The South Caucasus has always had great historical, political, geographical and economic significance for Iran. Through the research, we tried...

Armenia-Iran North South Transport corridor is vital for Iran and Armenia and also for all parties involved. Recently, India increased its interest in Armenia and would like to see the INSTC passing through the Armenian territories, keeping in mind that Armenia is also the only country in the...

This paper presents two empirical tools to quantify the impacts of tariff changes on bilateral trade and welfare. Both tools are rooted in the structural gravity literature. The first tool estimates the impact of tariff changes on bilateral trade for 5,020 products in a partial equilibrium...

Armenia-Iran North South Transport corridor is vital for Iran and Armenia and also for all parties involved. Recently, India increased its interest in Armenia and would like to see the INSTC passing through the Armenian territories, keeping in mind that Armenia is also the only country in the...

This paper presents the results of the first-ever representative survey on the demographic and attitudinal legacies of the Armenian genocide. The data, collected in 2018, maps the varied geographical origins of the citizens of contemporary Armenia and traces their links to the genocide. Around...

This paper explores the political landscape of post-war Armenia, focusing on both domestic and foreign policy implications of the devastating war of 2020. More specifically, it aims at explaining the aftermath of the 2020 war, with a special emphasis on Armenia's growing dependence on Russia....

This paper presents two empirical tools to quantify the impacts of tariff changes on bilateral trade and welfare. Both tools are rooted in the structural gravity literature. The first tool estimates the impact of tariff changes on bilateral trade for 5,020 products in a partial equilibrium...

Armenia has already signed some agreements with China to participate in the BRI project while no concrete measures are financed by the initiative. But what are the economic advantages and disadvantages of the BRI? While funding of some for Western financiers unattractive projects by China is a...

To better adapt recommendations on structural policy measures to the Armenian context, the EFSD experts used the methodology of the International Monetary Fund, that helps assess the economy’s structural gaps by comparing the World Bank’s structural and institutional reform rating for...

In 2009–2017, economies of Armenia, Belarus, Kyrgyzstan and Tajikistan lived through periods of adverse external and domestic conditions characterized by weak external demand and falling export prices. Devaluation of domestic currencies following the sharp depreciation of the Russian ruble,...

Die Diskussion um die Erweiterung der Europäischen Union (EU) hat neuen Schub bekommen. Vor dem Hintergrund des russischen Angriffskriegs gegen die Ukraine hat der Europäische Rat im Juni 2022 der Ukraine und der Republik Moldau jeweils den Status eines Beitrittskandidaten sowie Georgien den...

This study aims to contribute to understanding the potential risks and impacts of both explicit and implicit contingent liability shocks on government fiscal and debt positions in the EFSD recipient countries. Special attention is paid to the significance of state-owned enterprises and their...

The paper presents the results of the research of the think tank sector in Armenia. The process of emerging and the process of development of the think tank sector since Armenia's independence, as well as the main factors hindering the development of that sphere and its full establishment were...

This working paper takes into account six sources of financing - international reserves, swap arrangements, EFSD, IMF, multilateral development banks and bilateral financial support for macrostabilization. The analysis is of particular importance in the context of the current crisis associated...

The majority of countries around the world provide tax incentives for business philanthropy. However, little is known about the responsiveness of businesses to this tax treatment. This paper expands on this scant literature by focusing on the Armenian tax system which provides incentives for...

Armenia has made steady progress in reducing poverty in recent years, but development challenges remain, particularly concerning the human development needed to improve the country's labor productivity. Firms face problems in recruiting and retaining workers with the required skills, and they...

Armenia experienced dramatic demographic changes in the past three decades: the share of adults age 65 and over nearly doubled, the total fertility rate reduced by more than 30 percent, and the male-to-female sex ratio at birth increased to one of the world's highest. Like other middle-income...

This note presents main findings of the GovTech snapshot assessment for Armenia forming part of a larger World Bank global engagement on GovTech and Advisory Services and Analytics (ASA) in the South Caucasus on transforming government services through digital innovations. The objective of the...

Armenia has made significant progress in improving population health outcomes over the past two decades. However, essential health care for non-communicable diseases (NCDs) is underutilized in part due to the cost of access. Armenia has also committed as a signatory to the Sustainable...

The South Caucasus region has a strategic geopolitical significance due to its importance for energy transports to Europe, but the conflicts, the pandemic and the instability affect people's safety. Moreover, these conflicts are an obstacle to the economic and social development of these...

Armenia has made significant gains in population health, but faces challenges in ensuring health care access, due to financial barriers. As mortality caused by infectious diseases has fallen over the past two decades, the prevalence of noncommunicable diseases (NCDs) has increased. The NCD...

Armenia has made significant gains in population health, but faces challenges in ensuring health care access, due to financial barriers. As mortality caused by infectious diseases has fallen over the past two decades, the prevalence of noncommunicable diseases (NCDs) has increased. The NCD...

This report examines the social policy response of the Government of Armenia to the Covid-19 crisis. Official data on the implemented programs suggest that since March 2020, around USD 55 million has been transferred to individuals and households as wage support, unemployment and family...

Climate change is a major risk to good development outcomes, and the World Bank Group is committed to playing an important role in helping countries integrate climate action into their core development agendas. The World Bank Group (WBG) and the Asian Development Bank (ADB) are committed to...

Armenia has commenced a robust recovery from the deep 2020 recession, benefiting from strong policies and the lifting of the political uncertainty after the elections in June. A gradual but uneven improvement in the pandemic situation, pent-up demand, and the strengthening of public and private...

The current chapter demonstrates an application of the theoretical framework of vertical coordination, more specifically the application of contracting in productive partnerships, to integrate smallholders into the value chain of a specialised crop. The aim of the chapter is to derive...

Armenia experienced dramatic demographic changes in the past three decades: the share of adults age 65 and over nearly doubled, the total fertility rate reduced by more than 30 percent, and the male-to-female sex ratio at birth increased to one of the world’s highest. Like other middle-income...

One of the most dynamic sectors of tourism industry in Armenia is business tourism. Geographic location of Armenia stimulates the development of active economic relations with Russia, CIS countries, European Union, USA, Georgia, Iran and countries of the Middle East. Armenia is a member of WTO...

Formation and future development of securities market in Republic of Armenia is one of the main components of market economy.For now securities market in Armenia is in a stage of development and the most important issue became attraction of available money resources /cash assets.One of the basic...

In July 2011, the European Commission said it would open a consultation on the definition of SMEs in 2012. In Europe, there are three broad parameters which define SMEs:• micro-entities are companies with up to 10 employees• Small companies employ up to 50 workers• Medium-sized enterprises...

Migration for employment is an important global issue, which now affects most countries in the world. Two major labour market forces are in operation today that result in increased migration for work – many people of working age either cannot find employment or cannot find employment adequate...

Human Resources are the most important assets for any kind of institutions. The tourism and hospitality industry is considered one of the most sectors that rely on the human element in the provision of services, the critical importance of employees' involvement in the quality process of an...

The majority of countries around the world provide tax incentives for business philanthropy. However, little is known about the responsiveness of businesses to this tax treatment. This paper expands on this scant literature by focusing on the Armenian tax system which provides incentives for...