d of Government: Prime Minister Hrant BAGRATYAN (since NA February 1993); Supreme Soviet
Chairman Babken ARARKTSYAN (since NA 1990)
Member of:
BSEC, CIS, CSCE, EBRD, IBRD, ICAO, IMF, NACC, UN, UNCTAD, UNESCO, UNIDO,
UPU, WHO
Diplomatic representation in US:
chief of mission:
Ambassador Rouben SHUGARIAN
chancery:
122 C Street NW, Suite 360, Washington, DC 20001
telephone:
(202) 628-5766
US diplomatic representation:
chief of mission:
Ambassador Designate Harry GILMORE
embassy:
18 Gen Bagramian, Yerevan
mailing address:
use embassy street address
telephone:
(7) (885) 215-1122, 215-1144
FAX:
(7) (885) 215-1122
Flag:
three equal horizontal bands of red (top), blue, and gold

*Armenia, Economy

Overview:
Armenia under the old centrally planned Soviet system had built up textile,
machine-building, and other industries and had become a key supplier to
sister republics. In turn, Armenia had depended on supplies of raw materials
and energy from the other republics. Most of these supplies enter the
republic by rail through Azerbaijan (85%) and Georgia (15%). The economy has
been severely hurt by ethnic strife with Azerbaijan over control of the
Nagorno-Karabakh Autonomous Oblast, a mostly Armenian-populated enclave
within the national boundaries of Azerbaijan. In addition to outright
warfare, the strife has included interdiction of Armenian imports on the
Azerbaijani railroads and expensive airlifts of supplies to beleaguered
Armenians in Nagorno-Karabakh. An earthquake in December 1988 destroyed
about one-tenth of industrial capacity and housing, the repair of which has
not been possible because the supply of funds and real resources has been
disrupted by the reorganization and subsequent dismantling of the central
USSR administrative apparatus. Among facilities made unserviceable by the
earthquake are the Yerevan nuclear power plant, which had supplied 40% of
Armenia's needs for electric power and a plant that produced one-quarter of
the output of elevators in the former USSR. Armenia has some deposits of
nonferrous metal ores (bauxite, copper, zinc, and molybdenum) that are
largely unexploited. For the mid-term, Armenia's economic prospects seem
particularly bleak because of ethnic strife and the unusually high
dependence on outside areas, themselves in a chaotic state of
transformation. The dramatic drop in output in 1992 is attribut