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

Tech

A significant portion of the Russian IT workers who arrived in Armenia in 2022 subsequently relocated to Dubai, Georgia, or returned to Russia as visa and tax situations clarified. Rents that spiked during the influx normalized only partially by 2024.

A significant portion of the Russian IT workers who arrived in Armenia in 2022 subsequently relocated to Dubai, Georgia, or returned to Russia as visa and tax situations clarified. Rents that spiked during the influx normalized only partially by 2024.

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