A record US$5.190 billion in personal remittances was sent to Armenia last year.
Until last year, Rovnag Abdullayev headed Azerbaijan’s state oil company, SOCAR, where he made a modest official salary. Yet his son Rashad purchased an ultra-expensive property in London’s Grosvenor Square at the age of 25.
Traders at Yerevan’s Malatia street market say its closure today due to fire safety violations will throw hundreds out of work.