- A number of banks in Armenia, as well as in Georgia and several Central Asian countries, stopped processing international money transfers via Russia’s Unistream.
- Armenia’s economic activity index, a measure closely corresponding to GDP growth, grew by more than 11% in the first half of the year.
- Armenia’s 1,000 biggest companies paid more than $2 billion in taxes from January through June. Firms involved in mining, energy, tobacco production, and banking dominated the top taxpayers list.
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Third Annual Yerevan International Ballet Festival
Yerevan hosted the world-renowned Russian ballet companies for its third annual international ballet festival. The highly anticipated week-long event drew over 100,000 people to watch a myriad of pieces, including a special tribute to Armenia’s cultural heritage with a performance of Aram Khachaturian’s Sabre Dance.
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World Vision’s support for Armenia’s most vulnerable
Eleanor Monbiot, OBE, Regional Director for the Middle East and Eastern Europe at World Vision, discusses the humanitarian organization’s evolving role in Armenia as it transitions to a locally led, self-funded model. She highlights World Vision’s decades of work with vulnerable children and families in fragile contexts, including recent support for over 16,000 displaced people from Nagorno-Karabakh. Monbiot emphasizes the importance of systemic change, social inclusion, and close collaboration with local institutions to ensure sustainable impact.
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The Gold That Inflated Armenia: How Windfall Russian Money Triggered
By Arshaluis Mgdesyan Over the course of two years, Armenia suddenly transformed into a quiet haven for Russian gold. Amid sanctions, war, and Russia’s growing geopolitical isolation, Armenia became a major transit hub through which billions of dollars’ worth of precious metals flowed eastward — to Dubai, Hong Kong, and China. This gold rush quickly inflated the Armenian economy with speculative growth. But, as in the classic case of the “Dutch disease,” the sudden profits were not followed by institutional reforms or sustainable development. Moreover, the inflows of foreign capital, funneled through semi-legal schemes, took on the traits of corrosive […]
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Fact-Check: Did Armenian PM Buy a €3.1M Villa in France?
Shushan Stepanyan, #CivilNetСheck On May 30, information circulated on Armenian social media and news outlets claiming that Prime Minister Nikol Pashinyan had purchased a luxurious €3.1 million villa in Marseille, France. The source of the information was the “French” website “Info du Jour.” According to the article, “The 300 m² villa, purchased in May 2025, is located in the Château Gombert district of Marseille. It features four bedrooms, a swimming pool, a rooftop terrace, and a garage for three cars.” #CivilNetCheck investigated the claim and located the property. Through our partners, we obtained official documents from the French Cadastre. What […]
