How will the Second Karabakh War affect the economy of Armenia and Azerbaijan?
3rd articleThe Second Karabakh War will undoubtedly have different effects on the economies of Azerbaijan and Armenia. Even in the post-war period, rising military, social, and health spending in both countries will limit the ability of the state budget to allocate sufficient funds to other important areas. Governments will feel this difficulty significantly during the formation of the 2021 budget. On the other hand, investments in the restoratio...
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- Macroeconomy
- 14 November 2020 10:38
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- Analytics
- 14 November 2020 10:55
Analytics
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In a significant diplomatic move, President Kassym-Jomart Tokayev of Kazakhstan embarked on an official visit to Armenia, marking a pivotal moment in the relationship between the two nations. The meeting between President Tokayev and Armenian Prime Minister Nikol Pashinyan resulted in the signing of a joint statement aimed at fostering cooperation and easing tensions that had simmered between the two countries.
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