Armenia: Beyond The Peace Dividend
Armenia’s economy is surging due to peace, reforms, and rising foreign direct investment (FDI), transforming it into the South Caucasus hub for technology, trade, and investments.
The thawing relations with Azerbaijan and Turkey are creating opportunities for Armenia to expand its economy and emerge as a regional investment hub.
Despite the South Caucasus being a challenging place for investment in recent years, Armenia is making progress.
- Azerbaijan’s military campaign in September 2023 led to 110,000 residents fleeing Nagorno-Karabakh to Armenia.
- Georgia, once a reform leader, has turned away from the west, with its EU application suspended and high tensions since last fall’s disputed elections.
No direct quotes available in the text.
Author summary: Armenia transforms into a regional hub.
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