By Natalia Konarzewska 

September 15th, 2015, The CACI Analyst

Armenia’s economy is currently experiencing a significant decline, which is primarily caused by spillover from Russia’s recession. At the end of 2014, Armenia’s national currency, the dram, saw rapid depreciation, which boosted inflation. Falling remittances from Russia are putting additional pressure on the dram, negatively affecting the livelihood of many ordinary citizens. Additionally, export volumes to Russia, which is Armenia’s top export destination, have decreased significantly. Armenia currently has few options to boost its faltering economy due to a falling number of foreign direct investments, high national debt and a shortfall of budget revenue. Economic forecasts for Armenia remain grim and since June the country has seen a wave of protests over the price hike on electricity.

By Eka Janashia (09/02/2015 issue of the CACI Analyst)

On August 27, the NATO-Georgia Joint Training and Evaluation Center (JTEC) was opened at the Krtsanisi military facility outside Tbilisi as a part of “substantial package” granted to Georgia by NATO at the Wales summit in September 2014.

NATO Secretary General Jens Stoltenberg, who was the major guest at the inauguration ceremony, said that JTEC will cement NATO-Georgia cooperation and ensure the alliance’s enlarged presence in the country. 

By Erik Davtyan (19/08/2015 issue of the CACI Analyst)

July was a productive month for bilateral cooperation between Armenia and Georgia. Firstly, the two states expanded their dialogue in the military sphere. On July 16, a delegation headed by Armenia’s first Deputy Minister of Defense Davit Tonoyan visited Tbilisi. A subsequent meeting between representatives of the two defense ministries took place on June 24-25 within the framework of the North Atlantic Council (NAC) Defense Ministers meeting in Brussels, during which Armenia’s and Georgia’s Defense Ministers Seyran Ohanyan and Tinatin Khidasheli discussed bilateral military ties. Khidasheli later explained that the parties agreed “to find new areas of cooperation.”