The child named "The Armenian Economy" is a chronic patient confined to bed. The weak immune system (the institutional structure), unplanned food ratio (tax policy) and the gastric ulcer (non-competitive, monopolistic markets) did their black deed. An unusual precedent: the blood pressure of the youth, who is not even 15 yet, is getting rather high (currency appreciation)...

"The European Union is a family of the European democratic countries", and in light of the directive to develop a new world order, a significant role has been assigned to the Southern Caucasus. Given the new state of affairs, unprecedented issues regarding security, economy, and politics are evolving. These issues concern Armenia as well, and to address them, a process of developing an action plan has already been launched...

In case there is a viable political will in Armenia, the Electoral Code of the country provides a substantial basis for the conduct of elections, the results of which can accurately reflect the preferences of the constituencies and allow the formation of authorities enjoying the resource of citizen trust. This, however, does not guarantee a flawless election, for the process will continue to be influenced by factors such as the deficiency of competing ideologies and the requisite leaders, the poor legal consciousness and knowledge of the electorate, the incentives of the voters, which are almost entirely defined by the complex social conditions, and the unsatisfactory level of professionalism of those officially involved in the electoral procedures...

"Are you involved in a dispute? Take it to court!" This statement can certainly be considered as one of the catchphrases of the new, more civilized existence. However, one needs to ask whether there is only one path to choose for resolving disputes...

It is well-known that the major target group of mortgage financing is the people who are not top earners of income. This requires that there exist a strata of population who cannot afford real estate, although the present value of such real estate is within their means. Successful functioning of the mortgage market requires a confluence of three factors: the level of income of such social strata, the market value of real estate that is affordable to this category of people, and availability of financial resources within the economy at affordable rates and terms of maturity. With this in mind, the reality of the situation in Armenian is not encouraging...