Armenia's economy was based mainly on chemical, machinery, electronic, synthetic rubber, and textile products while it was still part of the Soviet Union. After Armenia's independence from the Soviet Union, those industries greatly suffered, Soviet investment into Armenia was just about gone entirely. Since 1995, Armenia has registered strong economic growth. The International Monetary Fund, World Bank, EBRD, and foreign countries are extending grants and loans to Armenia. These loans are targeted at reducing the budget deficit, stabilizing the local currency, developing private businesses, energy, agriculture, food processing, transportation, and health and education sectors; and ongoing rehabilitation work in the earthquake zone. The estimated GDP growth of 2012 was 3.8%.
Social Development
The retirement age for men living Armenia is 62 while the women's is age 57. Retirees usually receive a base pension plus bonuses depending on years of employment. Women in Armenia usually hold traditional roles, and despite employment law that formally prohibits discrimination based on sex, women do not have the same opportunities as men do in the workforce. The Armenian constitution protects freedom of assembly and religion. People of different ethnic backgrounds such as, Russians, Kurds, Yezids, Georgians, Greeks, and Assyrians have the right to preserve their cultural practices. In 1992 a law passed allowing them to study in their native language. Discrimination is prohibited on the basis of race, sex, religion, language disability or social status.
http://www.nationsencyclopedia.com/Europe/Armenia-SOCIAL-DEVELOPMENT.html
http://en.wikipedia.org/wiki/Economy_of_Armenia
No comments:
Post a Comment