The impact of the world financial crisis on the Armenian economy and social state of people has already become perceptible, especially in the population employment sector. The alarm has already sounded for a number of employment agencies: employers' offers are decreasing in ratio with the increasing labor supply.

The latest statement of the OSCE Minsk Group on the Nagorno-Karabakh conflict regulation was rather unexpected. As a matter of principle, the mediators said nothing new, simply repeating the ideas voiced last year. Yerevan treated the statement rather calmly, especially since it primarily referred to the position of Azerbaijan in the negotiation process. Once again the Co-chairs highlighted the importance of the exclusively peaceful settlement of the Nagorno-Karabakh conflict. "Non-use of force is the core element of any just and lasting settlement of a conflict," said the OSCE MG statement.

The year of 2008 was also a time of reformatting the South Caucasus Region. After the «five-day» war of Georgia against South Ossetia it became clear that new division lines were to be outlined in the region. No doubt unwilling to do it himself, President of Georgia made a «regal» present to RF that had long been waiting for an opportunity to gain revenge against the USA for the too profound an interference it had in the solution of Caucasus problems. The result was a much more chaotic bedlam in which even the most «skillful» states were unable to "catch a fish".