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