A diamond deal that gives Armenia duty-free access to rough diamonds from Russia could offer Alrosa, the semi-government-owned Russian diamond company that provides roughly 27 percent of the world’s rough-diamond supplies, a dodge from potential European-Union sanctions, Armenian diamond-industry professionals believe.
The Armenian government believes that Moscow’s August 7 ban on food imports from the West could offer its own weather-beaten agricultural sector a chance for a comeback. But some local analysts scoff at the notion.
Armenia’s four competitors at the Sochi Winter Olympics didn’t come close to winning a medal. But a joke making the rounds in Yerevan goes that since the athletes made it into Russia, they should at least stick around and look for work.
The Armenian government wants to increase salaries of senior leaders and MPs by over 200-percent, while eliminating unemployment benefits. Officials contend that such measures are needed to combat corruption and improve the state’s financial picture.
The mayor of Toronto, Canada’s largest city, made headlines recently by admitting to smoking crack cocaine. Taron Margarian, the mayor of Armenia’s capital Yerevan, is generating controversy in a different way – by proffering a vision of glowing flamingoes for his city.