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The American-Armenian businessman Levon Der-Bedrossian had been dreaming about establishing himself in Armenia for many years. In 2014 he made his dream come true and founded the Silk Road hotel in the Aygedzor district of Yerevan. Simultaneously he established the The Folk Arts Foundation. Its main goal is to revive the art of Armenian national crafts, especially carpet weaving.

The time for easy growth in the country is long foregone. The new reality of the economy is here, and it requires the business and economic elite to move to its next level of thinking, to make some hard choices and adapt. In this article we point to the main investment themes that have the potential of high returns for possible investors, and can eventually help turnaround the economy today.

25 years have elapsed since the historic moment when Armenia regained independence. During the past two and a half decades ideas of independence and the people who once championed them were discredited to a certain degree, particularly against the background of heavy economic and social problems, which came instead of the expected prosperity. However back then these were cherished dreams of but a handful of people, mostly intellectuals, whom few would have understood, let alone followed in the “first social country of the world”.

Armenia became independent in 1918 following five centuries of absence of own statehood. Albeit short-lived, that independence left a deep impact on the fate of Armenia, having its implications also in the current history of the country.

The Union of Soviet Socialist Republics was a most remarkable phenomenon in the 20th century and both its development as well as disappearance will long be a topic for disputes in social science and humanities. It existed for about 70 years as a global alternative to the “capitalist” world order, ensuring support for some, fighting against colonialism.

Summarizing results of the first quarter century of Armenia's independence in various spheres.

Summarizing results of the first quarter century of Armenia's independence in various spheres.

Summarizing results of the first quarter century of Armenia's independence in various spheres.