ZANGAZUR

Zangazur corridor is important for both Azerbaijan and Armenia, a Russian economist and the Head of New Society Institute Vasily Koltashov, stated.

According to Koltashov, the Zangazur corridor will allow Armenia to realize its potential in the transit economy. He notes that Armenia needs to activate and simplify economic ties with neighboring countries.

The opening of the Zangezur corridor can lead Armenia out of the crisis. In 2020, Armenia's GDP fell by 7.4%. In 2021, it is projected to grow from 5.2% to a maximum of 6.1%. This means that this year the Armenian economy will not be able to return to the pre-pandemic and pre-war levels.

Expert-economist, Member of Parliament Vugar Bayramov stated that Armenia can restore its economy, which is in the state of crisis by opening communications: