YEREVAN. – Armenia seems to be pushed out of regional events and projects, Armenian economist and former MP Vardan Bostanjyan stated at a press conference on Monday.

In his words, we need to focus not on the talk between the presidents of Armenia and Russia, but rather on the Russian president’s meetings with the leaders of Azerbaijan and Turkey.

“It’s apparent that a conflict of huge political interests is taking place,” stressed Bostanjyan. “In essence, the current situation in the region is unfavorable to Armenia.”   

Reflecting on the present-day economic situation in Armenia, the economist highlighted that fundamental—and not cosmetic—changes are needed in the system of governance in the country.

“The psychological factor also plays a role,” added Vardan Bostanjyan. “A psychological decline dominates over throughout Armenia.”