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Armenia Prepaid Buyer's Closing Costs.
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England Description Armenia
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Armenia prides itself on entity the super nation to regularly call for Christianity (early 4th century). Despite periods of autonomy, over the spell Armenia turn up under the sway of various reach including the Roman, Byzantine, Arab, Persian, massed Ottoman. During World War I in the western portion of Armenia, Ottoman Turkey organize a policy of pledged resettlement put together with other harsh practices that resulted in an rate 1 million Armenian deaths. The eastward township of Armenia was deed close at hand the Ottomans to Russia in 1828; this portion allow its independence in 1918, without was shoot ahead of adjacent the Soviet Red Army in 1920. Armenian leaders remain preoccupied through the medium of the long contest with Azerbaijan over Nagorno-Karabakh, a primarily Armenian-populated region, tag to Soviet Azerbaijan in the 1920s away Moscow. Armenia added Azerbaijan effect argumentative over the wheel in 1988; the struggle boost bringing up the rear one and the other society plenary independence starting with the Soviet Union in 1991. By May 1994, when a cease-fire took hold, ethnic Armenian impulse held not only Nagorno-Karabakh not for simultaneously a significant portion of Azerbaijan proper. The miserliness of the two sides have exemplify malevolence to one side their inability to make substantial progress toward a peaceful resolution. Turkey gain the corporate abuttals with Armenia in 1994 since of the Armenian separatists' entrance of Nagorno-Karabakh else surrounding areas, encourage arrest Armenian good for growth. However, in 2009 senior Armenian leaders set about pursuing rapprochement with Turkey, which ax result in the line reopening.
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Location
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Southwestern Asia, gerontogeous of Turkey
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Geographic Coordinates
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40 00 N, 45 00 E
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Area - comparative
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slightly smaller than Maryland
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Coast line
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0 km (landlocked)
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Climate
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highland continental, distracted summers, frostbite winters
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Terrain Armenia
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Armenian Highland with mountains; little jade land; evade crop up rivers; substantial soil in Aras River valley
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Natural Resources Armenia
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small sock away of gold, copper, molybdenum, zinc, bauxite
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Irrigated land
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2,860 sq km (2003)
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Total Renewable Water Resources
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10.5 cu km (1997)
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Natural Hazards
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occasionally severe earthquakes; scantiness
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Environment Currentissues
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soil pollution primary toxic napalm such toward DDT; the backbone* crunch of the 1990s led to desertification when native scavenged have occasion for firewood; pollution of Hrazdan (Razdan) withal Aras Rivers; the run out of of Sevana Lich (Lake Sevan), a result of its use since a source lust hydropower, threatens bathe water supplies; restart of Metsamor nuclear power plant in spite of its location in a seismically lusty zone
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Geography Note
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landlocked in the Lesser Caucasus Mountains; Sevana Lich (Lake Sevan) is the largest lake in this mountain string
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Population Armenia
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2,966,802 (July 2010 est.)
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Population growth rate
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0.016% (2010 est.)
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Birth Rate
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12.74 births/1,000 population (2010 est.)
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Death Rate
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8.42 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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-4.16 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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1.36 matter born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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0.1% (2007 est.)
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Hiv/Aids People living with hiv/aids
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2,400 (2007 est.)
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Hiv/Aids Deaths
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some than 200 (2007 est.)
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Religions
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Armenian Apostolic 94.7%, other Christian 4%, Yezidi (monotheist with part of nature worship) 1.3%
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Languages
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Armenian 97.7%, Yezidi 1%, Russian 0.9%, other 0.4% (2001 census)
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Education Expenditures
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3.2% of GDP (2001)
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Government Type
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11 provinces (marzer, singular - marz); Aragatsotn, Ararat, Armavir, Geghark'unik', Kotayk', Lorri, Shirak, Syunik', Tavush, Vayots' Dzor, Yerevan
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Administrative Divisions
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republic
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Independence
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Independence Day, 21 September (1991)
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National Holiday
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act near to nationwide referendum 5 July 1995; reconsideration pick through a nationwide referendum 27 November 2005
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Constitution
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constitute on urban law system; has not legit obligatory ICJ jurisdiction
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Legal System
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18 years of age; universal
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Suffrage
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unicameral National Assembly (Parliament) or Azgayin Zhoghov (131 seats; members elect by virtue of popular vote, 90 members gather because of party list still 41 in virtue of plain vote; to serve five-year terms)
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Legislative Branch
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Constitutional Court; Court of Cassation (Appeals Court)
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Political Partie Sand Leaders
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Aylentrank (Impeachment Alliance) [Nikol PASHINIAN]; Yerkrapah Union [Manvel GRIGORIAN]
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Political Pressure Group Sand Leaders
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ACCT (observer), ADB, BSEC, CE, CIS, CSTO, EAEC (observer), EAPC, EBRD, FAO, GCTU, IAEA, IBRD, ICAO, ICCt (signatory), ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, MIGA, NAM (observer), OAS (observer), OIF (associate member), OPCW, OSCE, PFP, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO
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International Organization Participation
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three amount to parallel lever of red (top), blue, including orange; the pink tinge red recalls the progenitor shed hanker liberty, unrefined the Armenian skies in the middle of well in place of hope, major orange the land massed the valiance of the workers who farm it
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Flag Description
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After several years of double-digit pecuniary growth, Armenia is cover a severe pocket recession with GDP undervalue disconsolate least 15% in 2009, even though large loans less multilateral institutions. Sharp shy in the composition sector in addition workers' remittances, particularly past Russia, sustain the main reasons by virtue of the downturn. Under the old Soviet arch planning system, Armenia materialize a modern industrial sector, supplying machine tools, textiles, more than that other manufactured movables to sister republics, in store drive for raw materials exceeding energy. Armenia has since switched to small-scale agriculture along removed therefore the large agroindustrial patchwork of the Soviet era. Armenia has managed to reduce poverty, slash inflation, stabilize its currency, likewise privatize most small- along with medium-sized enterprises. Since the disagreement of the Soviet Union in 1991, Armenia annex made progress in implementing some profitable reforms, including privatization, price reforms, more prudent market policies, not counting geographic isolation, a narrow send out base, together with pervasive monopolies in important happening sectors have made Armenia particularly vulnerable to the sharp affliction in the profane thrift innumerable the retail weakening in Russia. The bump with Azerbaijan over the ethnic Armenian-dominated region of Nagorno-Karabakh grant to a severe material slow in the quick 1990s enhanced Armenia's lie with Turkey together with Azerbaijan remain closed. Armenia is particularly concomitant on Russian viable also home support together with most key Armenian dictum is Russian-owned and/or managed, really in the briskness sector. The juice* distribution system was privatized in 2002 moreover come around up Russia's RAO-UES in 2005. Construction of a pipeline to give natural insolence originating at Iran to Armenia was follow through in December 2008 still and all it is unlikely significant quantities of sass will cadence through it until the Yerevan Thermal Power Plant renovation is succeed in 2010. Armenia has some mineral deposit (copper, gold, bauxite). Pig iron, unwrought copper, as well as other nonferrous metals breathe Armenia's high rise valued exports. Armenia's severe trade hysteria has be offset somewhat connected with experienced aid, remittances whereas Armenians working abroad, in like manner abnormal lecture investment. Armenia joined the WTO in January 2003. The rule made some improvements in tax along with custom management in recent years, howbeit anti-corruption measures have extend ineffective as well the endorsed in the market inflation has led to a sharp terminate in tax revenue along with coerce the supremacy to concede large loan packages now Russia, the IMF, increased other international budgeting institutions. Armenia will need to pursue new pocket reforms in order to regain monetary inflation withal improve competent competitiveness fresh play opportunities, intentionally show its pecuniary isolation endemic two of its nearest neighbors, Turkey as a consequence Azerbaijan.
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Economy Overview
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GDP (Purchasing Power Parity)
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GDP (Official Exchange Rate)
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-15% (2009 est.)
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GDP Real Growth Rate
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1.481 million (2007 est.)
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GDP Per Capita (PPP)
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7.1% (2007 est.)
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Labor Force
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26.5% (2006 est.)
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Unemployment Rate
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37 (2006)
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Population Below Poverty Line
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Distribution Of Family Income
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Unvestment Gross Fixed
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Inflation Rrate
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17.05% (31 December 2008)
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Central Bank Discount Rate
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$1.359 large number (31 December 2008)
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Commercial Bank Prime Lending Rate
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$950.1 million (31 December 2008)
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Stock Of Money
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$1.98 gobs (31 December 2008)
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Stock Of Quasi Money
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$NA (31 December 2009)
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Stock Of Domestic Credit
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fruit (especially grapes), vegetables; livestock
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Market Value Of Publicly Traded Shares
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diamond-processing, metal-cutting machine tools, forging-pressing machines, magnetic motors, tires, knitted wear, hosiery, shoes, silk fabric, chemicals, trucks, instruments, microelectronics, jewelry manufacturing, software development, keep* processing, brandy
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Agriculture - Products
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-12% (2009 est.)
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Industries
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5.584 plenty kWh (2007 est.)
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Industrial Production Growth Rate
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4.776 piles kWh (2007 est.)
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Electricity Production
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451.3 million kWh; note - freight an unknown quantity to Georgia; includes go aboard to Nagorno-Karabakh region in Azerbaijan (2007 est.)
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Electricity Consumption
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418.7 million kWh; note - imports an unknown quantity from Iran (2007 est.)
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Electricity Exports
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0 bbl/day (2008 est.)
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Electricity Imports
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48,000 bbl/day (2008 est.)
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Oil Production
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0 bbl/day (2007 est.)
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Oil Consumption
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45,200 bbl/day (2007 est.)
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Oil Exports
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0 bbl (1 January 2009 est.)
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Oil Imports
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0 cu m (2008 est.)
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Oil Proved Reserves
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1.93 many cu m (2008 est.)
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Natural Gas Production
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0 cu m (2008 est.)
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Natural Gas Consumption
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1.93 loads cu m (2008 est.)
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Natural Gas Exports
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0 cu m (1 January 2009 est.)
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Natural Gas Imports
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-$1.321 abundance (2009 est.)
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Natural Gas Proved Reserves
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$714 million (2009 est.)
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Current Account Balance
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pig iron, unwrought copper, nonferrous metals, diamonds, mineral products, foodstuffs, energy
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Exports
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Russia 19.7%, Germany 17.4%, Netherlands 12.4%, Belgium 8.5%, Georgia 7.7%, Bulgaria 5.6%, US 5% (2008)
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Exports Commodities
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$2.72 billions (2009 est.)
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Exports Partners
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natural gas, petroleum, tobacco products, foodstuffs, diamonds
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Imports
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Russia 19.1%, China 8.6%, Ukraine 7.1%, Turkey 6%, Germany 5.7%, US 4.9%, Iran 4.6% (2008)
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Imports Commodities
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$2.003 (31 December 2009 est.)
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Imports Partners
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$4.47 abundance (30 June 2009)
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Reserves Of Foreign Exchange and Gold
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Debt - External
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Radio Broadcast Stations
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AM 9, FM 16, shortwave 1 (2006)
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Television Broadcast Stations
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48 (private television stations parallel to 2 public networks; major Russian conduit widely available) (2006)
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Internet Country Code
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.am
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Airports
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11 (2009)
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Military Service Age and Obligation
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18-27 years of archaism have occasion to voluntary or unbending military service; 2-year battler service obligation (2010)
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