affordable Archives

Armenia: Hidden treasure: Lake Sevan listed as affordable tourist destination in Europe

June 25, 2017 By administrator

,The international payment system Mastercard has rated Lake Sevan an undiscovered holiday destinations in Europe, offering affordable prices in an incredible landscape.

In the ranking published by Business Insider, foreign tourists are highly recommended to visit the Sevanavank monastery situated on the north-western peninsula.

The list of hidden treasures, including also Brest Belarus, Gjirokaster, Albania and other interesting destination, was compiled based on records by bloggers and tourists who visited different sites, as well as the Master data.

The full list, with the relevant information, is available here

Armenia among world’s 20 most affordable countries: Numbeo

January 16, 2017 By administrator

Armenia is among the world’s 20 countries with the lowest cost of living, according to rankings published by data company Numbeo.

The company continuously updates its data and has recently published its Cost of Living Index for Countries 2017 and Cost of Living Index 2017. The list is calculated relative to New York City, which has an index of 100. If a city or a country has a cost of living index of 130, it is 30 percent more expensive than New York; if a city has an index of 70, it is 30 percent less expensive.

With 119 countries reported, Armenia has a rating of 33.87 and is placed 19th among the least expensive countries, closely followed by Uganda and Colombia.

Azerbaijan and Georgia are included in the top 10 affordable states globally, while Turkey and Iran are positioned 32nd and 30th, respectively.

Bermuda, Switzerland and Iceland top the list of most expensive countries, while Egypt, India and Ukraine are the least expensive states worldwide.

The Cost of Living Index 2017, on the other hand, gives an insight into the cities with the highest relative cost of living in the world.

The Armenian capital city of Yerevan (with a rating of 34.60) is the 61st least expensive city among 484 others included in the research.

Baku (Azerbaijan) is 32nd, Tbilisi (Georgia) is 28th, Bursa, Izmir, Antalya, Ankara and Istanbul (Turkey) are 65th, 73th, 76th, 82nd and 109th, correspondingly, while Iran’s capital, Tehran, is placed the 110th.

The city with the highest relative cost of living in the world is Hamilton, the capital of Bermuda. Hamilton has a rating of 141.59, nearly 10 points higher than the second-most expensive city on the list, Geneva, Switzerland. New York City, the most expensive city in the U.S., checks in at 16th place, just above Honolulu and San Francisco.

For comparison, the least expensive city in the world is Thiruvananthapuram, India, with an index of just 19.83. Eight of the 10 least expensive cities are in India.

Numbeo provides user-generated data, which means the reliability of info provided cannot be completely verified.

Yerevan among 10 most affordable hubs for digital nomads

August 22, 2016 By administrator

Armenia‘s capital city, Yerevan was included in the list of 10 hubs compiled by American business magazine Fast Company which are gaining in popularity with self-employed travelers.

“Located in western Asia, Armenia is one of the world’s oldest inhabited places. Due to a recent economic upturn in Yerevan, the streets are now filled with restaurants and cafes that are perfect for working remotely,” the magazine says.

“Pour yourself a bottle of $4 Armenian pomegranate wine and snack on Ararat Valley apricots as you discover a stunning city.”

“Armenia is on the map for our work-abroad plans,” says Derek Merdinyan of Video Igniter. “The low cost of travel and living expenses helps our bottom line, and I get an excuse to visit the place my great-grandparents came from.”

Fast Company’s recommendations are based on NomadList’s own survey which recommends cities around the globe as affordable home bases for digital nomads, each with a cost of living falling below $1,250 a month.

According to NomadList, cost of living, safety, places to work from, fun, quality of life and female friendliness are among the advantages of working remotely from Yerevan, while air quality still needs improvement.

Also included in Fast Company’s list are Bangkok (Thailand), Chiang Mai (Thailand), Taipei (Taiwan), Ubud (Bali, Indonesia), Phuket (Thailand), Johor Bahru (Malaysia), Belgrade (Serbia), Quito (Ecuador) and Ho Chi Minh City (Vietnam).

NomadList. Best Cities to Live and Work Remotely for Digital Nomads