The Armenian authorities have been under domestic pressure in recent weeks to end what many see as the virtual impunity enjoyed by the country's tiny class of millionaire businessmen with close government ties. The Armenian version of post-Soviet "oligarchs" are widely hated -- and feared... MORE

Armenia's national currency, the dram, has appreciated dramatically against the euro and especially against the U.S. dollar over the past year, hitting hard a large part of the country's population. The real causes of this phenomenon have been a matter of serious contention in recent... MORE

Armenian President Robert Kocharian has announced a major crackdown on tax evasion, which is widely blamed for the highly uneven distribution of the benefits of Armenia's robust economic growth. In separate high-profile meetings with the leaders of his government's taxation and customs administration services earlier... MORE