by Haroutiun Khachatrian
According to the European Bank for Reconstruction and Development (EBRD), the Armenian economy is roaring.
Last year EBRD announced that Armenia joined the list of former Soviet republics that managed to regain the level of Gross Domestic Product (GDP) they had before the breakdown of the USSR. According to EBRD's annual Transition Report, Armenia has fully recovered from the catastrophic decline in the economy that, in the 1990s, had convinced some that independence was a bad idea.