Yerevan is the second cheapest travel destination for Russian tourists, according to a recently released index by British Standards.
The costs for an average Russian wishing to spend a summer holiday in Armenia’s capital were estimated at 22,800 Rubles (US $401).

The Belarusian capital, Minsk, tops the ranking. A trip to the city would cost an estimated 22.800 Rubles ($326), the study found.
Prague was named the third cheapest city where Russians would have to spend no more than 22.900 Rubles ($403) for a summer rest.
The list covers seven cities.
Georgia’s capital, Tbilisi is the next cheapest destination after Prague. The estimated costs for a Russian traveller here was found to be within the range of 23,500 Rubles ($414). Budapest, Hungary (RUR 23,800 or $419) and Rome, Italy (RUR 25,700 or $457) rank respectively as the fifth and sixth cities.
London concludes the index. A holiday package offering a stay in a three-star hotel in the Britisj capital would cost a Russian tourist 38.500 Rubles ($678) (as opposed to the other cities where the summer rest was found to be cheaper in case of four-star hotels).

Armenia was included in GOBankingRates’ top 50 cheapest countries to live or retire, ranking 42nd, the portal said on February 18.

To find the corresponding countries, GOBankingRates ranked nations by four key affordability metrics provided by online pricing database Numbeo:

Local purchasing power index: Measures the relative purchasing power of a typical salary in that country, compared to New York City. A lower purchasing power buys fewer goods, while a higher purchasing power buys more.

Rent index: Compares typical rental prices in the country to New York City.

Groceries index: Compares typical grocery prices in the country to New York City.

Consumer price index: Compares costs of local goods and services — including restaurants, groceries, transportation and utilities — to New York City.

In Armenia, the local purchasing power is 65.6% lower, rent is 89.3% cheaper, groceries and local goods and services cost 71.4% are 63.3% less respectively, compared to those in New York City.

Also, Turkey (31st place) , Georgia (29th), Azerbaijan(23rd) were included in the list, with South Africa claiming the title of the cheapest country to live or retire.

Even among the 50 cheapest countries, rent is at least 70% cheaper than rent in New York City, groceries are at least 40% cheaper, and consumer goods and services cost less by 30% or more.

Related links:

50 Cheapest Countries to Live or Retire

Armenia’s capital named second cheapest tourism destination for Russians

Armenia among 50 cheapest countries to live or retire