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Today's paper. Last Updated: 06/01/2012

Armenia Gas Price Hike

YEREVAN, Armenia () -- Gas prices more than doubled in the Armenian capital Tuesday, several days after a bridge explosion severed a railway connecting Armenia with the outside world.


Gas prices rose Monday to $1.1 a liter from about 50 cents a liter, and only few gas stations in the Armenian capital remained open.


Armenia is one of the poorest of the former Soviet republics, with an average monthly salary of about $7. Its economy has been severely hit by an economic blockade imposed by Azerbaijan as part of a six-year war over the enclave of Nagorno-Karabakh.







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