ARMENIA'S PROSPECTS —1: Armenia void of production but not without prospects

The Republic of Armenia is situated in the Transcaucasus, with Georgia Republic to the north, Azerbaijan to the east, Iran to the south, and Turkey to the west. The territory covers 29,800 sq km (similar in size to the state of Maryland). The 3 million population is quite homogenous and comprises 96% ethnic Armenians.Armenia declared independence on Sept. 21, 1991, after being part of the USSR for almost 71 years. It has a republican form of government, along French lines, with a constitution requiring separate presidential and parliamentary elections every 5 years.The current President, Robert Kocharyan, was elected Mar. 30, 1998, and will seek re-election in 2003. Despite political diff...

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