About 5,000 people, mostly young men, are protesting against economic hardship, alleged mismanagement and wasteful spending

To better familiarize himself with the problems of the banking sector, Armenian President Serzh Sargsyan held a working meeting that brought together heads of 21 commercial banks operating in the Republic of Armenia.

“Arab spring” threatens to drown not only the Middle East, but also the neighboring regions, particularly the Caucasus. A bad example is infectious, and opposition in the South Caucasus, like crazy, is trying to follow in the footsteps of “Arab brothers” and establish something like Tunisia or Libya. Egyptian events are less attractive, as they resulted in mere change of dictatorship, the new one possibly being even tougher.