Since the Soviet era Armenia has implemented reservoirs as the most advantageous method for properly utilizing Lake Sevan and other bodies of water. That volume currently amounts to around 1.4 billion cubic meters.
The Kentron and Nork-Marash Court today ruled that the defendant pay 100,000 AMD in compensation and seized another 158,000 to cover the plaintiff’s legal expenses.
Four of the largest stores along the main commercial avenue in Etchmiadzin have been closed by their owners due to the weakening AMD.
Armenian Prime Minister Hovik Abrahamyan, in a statement issued today, pointed to currency speculation as one factor in the weakening on the Armenian Dram.
The affected areas fall within a region that the IDeA (Initiatives for Development in Armenia), co- founded by Vardanyan, has been actively promoting as a prime tourist zone in Armenia.
Small scale farmers in Armenia’s northern Lori Province are feeling the pinch of the recent weakening of the national currency the Dram.
One fact is certain: Merab Arevadze was killed on May 17, 2012 while on the job as a ranger working in Borjomi-Kharagauli National Park in the Republic of Georgia.
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