Mount Ararat with the historic Khor Virap monastery visible at center-left

Tech

After Russia's 2022 invasion of Ukraine, an estimated 10,000 to 40,000 Russian IT workers relocated to Yerevan within months, spiking rents and salaries. The EBRD noted a short-term economic boost alongside inflationary pressure on housing.

After Russia's 2022 invasion of Ukraine, an estimated 10,000 to 40,000 Russian IT workers relocated to Yerevan within months, spiking rents and salaries. The EBRD noted a short-term economic boost alongside inflationary pressure on housing.

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