“It was the pandemic that hit the economy hard, not the lockdown itself.”
The outbreak of a fresh military conflict on the Armenian and Azerbaijani border is straight out of a James Bond film and threatens both the region’s and Europe’s energy security among other things
The painful choice faced by poorer emerging European countries as they are forced to balance the risk to life of a new coronavirus spike with the economic and human cost of a second lockdown.
Most of small nation’s extra debt is related to donor support at concessional terms, says report, while fiscal and monetary policies are adequate. Continued high dependence on imports a drag on economic progress.
Ankara attempting to export “very destabilising” presence it has shown in eastern Mediterranean, North Africa and Middle East to South Caucasus says Yerevan’s envoy to Netherlands.
Assessment concludes Washington does not see Caucasus as priority. Meanwhile, Iran, Russia and Turkey are filling “vacuum”.
According to the allegations, Georgia allowed a shipment of Serbian rocket launchers destined for Armenia to transit its territory.
Other developments include Baku threat to Armenian nuclear power station, Turkey pledging clear backing for “brother” Azeris and Russian military exercises.
Demonstrators in Baku pushed for a full-blown war with Armenia after several days of the heaviest fighting between the two South Caucasus foes for years.
Azerbaijan reported the deaths of one of its generals and five other officers on July 14, in the worst outbreak of fighting over the dispute Nagorno Karabakh enclave in several years.