President Barack Obama's visit to Europe ended in an optimistic note: he visited the Mosque of Hagia Sophia, communicated with the religious figures and students in Turkey. From the point of view of maintaining President Obama's own image, the visit was obviously successful. Both in Europe and Turkey Obama was received as a new US figure, who is trying to speedily do away with the heritage of George Bush Jr. It is difficult to assess the extent to which Obama's efforts have been a success so far, but it's a fact that in certain foreign issues the new US president is still acting «in a typically American manner».

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 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".