4 minors live in carriage
The Karakhanyan family lives in this trailer alongside the Tbilisi Highway on the outskirts of Yerevan. Four children are being raised inside. They range from 3 to 12 years old.
Khashtarak Village Mayor Hayk Kamalyan was re-elected to office the other day in a race that pitted him against two other candidates.
On February 10, after two days of heavy snowfall in Yerevan, a work crew rushed to the Hovhannes Tumanyan House Museum, after getting a call that the roof was in danger of collapsing.
Armenia is beginning to show signs of a classic balance-of-payments crisis in the making. An unsustainable de facto exchange rate peg and structural policies are resulting in massive external imbalances, which will eventually lead to abandonment of the peg (i.e., devaluation) with very serious implications for the over-exposed banking sector and already high public debt levels.
Policy Forum Armenia (PFA, www.pf-armenia.org) announces the publication of a Special Report on “Armenia: Averting an Economic Catastrophe.”
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