Armenia among 50 cheapest countries to live or retireFebruary 22, 2016 - 16:07 AMT PanARMENIAN.Net - Armenia was included in GOBankingRates' top 50 cheapest countries to live or retire, ranking 42nd, the portal said on February 18. To find the corresponding countries, GOBankingRates ranked nations by four key affordability metrics provided by online pricing database Numbeo: Local purchasing power index: Measures the relative purchasing power of a typical salary in that country, compared to New York City. A lower purchasing power buys fewer goods, while a higher purchasing power buys more. Rent index: Compares typical rental prices in the country to New York City. Groceries index: Compares typical grocery prices in the country to New York City. Consumer price index: Compares costs of local goods and services — including restaurants, groceries, transportation and utilities — to New York City. In Armenia, the local purchasing power is 65.6% lower, rent is 89.3% cheaper, groceries and local goods and services cost 71.4% are 63.3% less respectively, compared to those in New York City. Also, Turkey (31st place) , Georgia (29th), Azerbaijan(23rd) were included in the list, with South Africa claiming the title of the cheapest country to live or retire. Even among the 50 cheapest countries, rent is at least 70% cheaper than rent in New York City, groceries are at least 40% cheaper, and consumer goods and services cost less by 30% or more. Related links: Top stories Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. The EU does not intend to conduct military exercises with Armenia, Lead Spokesperson for EU Foreign Affairs and Security Policy Peter Stano says. Hikmet Hajiyev has said that there is no place for USAID operation in Azerbaijan any longer. A telephone conversation between Putin and Pashinyan before the CSTO summit is not planned, Peskov says. Partner news | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. “Great success”: Pashinyan pleased with new border protocol Pashinyan has described the signing by Armenia and Azerbaijan of a protocol on delimitation in Tavush as “a great success”. |