Global Information Lookup Global Information

1990s Armenian energy crisis information


Armenian energy crisis of 1990s
Date1991-1995
Duration4 Years
LocationArmenia
Also known asDark and Cold Years
CauseShutting down of Metsamor NPP after Spitak Earthquake, cutting off of natural gas pipelines by Azerbaijan
Fully Recovered

The energy crisis in Armenia, popularly known as the dark and cold years (Armenian: Մութ ու ցուրտ տարիներ), refers to the energy crisis in Armenia during the 1990s, when the newly independent Armenia's population lived in shortage of energy and basic consumer goods. Although it only lasted 3–4 years, it left a deep impact and impression.[1] Local people have dubbed the years from 1992 to 1995 in different ways, such as "hungry", "cold", and "bad", but the most common title used is "the dark".

During this period, the population of Armenia and Artsakh had to make do with well water, candles, and cut wood for their needs. Many creative solutions came to exist to deal with the severe lack of electricity (1–2 hours a day) and lack of other basic resources.

An Overloaded bus in the streets of Yerevan
  1. ^ "Explosion of pipeline plunges Armenia into cold and dark". tribunedigital-baltimoresun. 23 January 1993. Retrieved 11 December 2016.

and 26 Related for: 1990s Armenian energy crisis information

Request time (Page generated in 0.887 seconds.)

1990s Armenian energy crisis

Last Update:

The energy crisis in Armenia, popularly known as the dark and cold years (Armenian: Մութ ու ցուրտ տարիներ), refers to the energy crisis in Armenia during...

Word Count : 1287

Energy crisis

Last Update:

An energy crisis or energy shortage is any significant bottleneck in the supply of energy resources to an economy. In literature, it often refers to one...

Word Count : 3029

1970s energy crisis

Last Update:

The 1970s energy crisis occurred when the Western world, particularly the United States, Canada, Western Europe, Australia, and New Zealand, faced substantial...

Word Count : 3690

1979 oil crisis

Last Update:

drop in oil production in the wake of the Iranian Revolution led to an energy crisis in 1979. Although the global oil supply only decreased by approximately...

Word Count : 2665

Energy in Armenia

Last Update:

in Armenia. The Armenian electrical energy sector has had a surplus capacity ever since emerging from a severe post-Soviet crisis in the mid-1990s, thanks...

Word Count : 3753

Debt crisis

Last Update:

Debt crisis is a situation in which a government (nation, state/province, county, or city etc.) loses the ability of paying back its governmental debt...

Word Count : 3128

List of economic crises

Last Update:

1970s energy crisis OPEC oil price shock (1973) Energy crisis (1979) Secondary banking crisis (1973-1975) in the UK Latin American debt crisis (late 1970s...

Word Count : 1035

1990s Finnish banking crisis

Last Update:

The Finnish Banking Crisis of 1990s was a deep systemic crisis of the entire Finnish financial sector that took place mainly in the years 1991–1993, after...

Word Count : 1021

Currency crisis

Last Update:

A currency crisis is a type of financial crisis, and is often associated with a real economic crisis. A currency crisis raises the probability of a banking...

Word Count : 2520

Mexican peso crisis

Last Update:

The Mexican peso crisis was a currency crisis sparked by the Mexican government's sudden devaluation of the peso against the U.S. dollar in December 1994...

Word Count : 2912

Stagflation

Last Update:

attempted to use non-monetary policies and devices to respond to the economic crisis. Policy makers also made "inaccurate estimates of the degree of excess demand...

Word Count : 5009

Lebanese liquidity crisis

Last Update:

The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon, that became fully apparent in August 2019, and was further exacerbated...

Word Count : 3576

Economic impact of the Russian invasion of Ukraine

Last Update:

caused local Armenian IT workers to leave their jobs or to work as freelancers, which means that they may work for another non-Armenian company and pay...

Word Count : 15456

Minsky moment

Last Update:

financing of speculative investments exposes investors to a potential cash flow crisis, which may begin with a short period of modestly declining asset prices...

Word Count : 618

Steel crisis

Last Update:

The steel crisis was a recession in the global steel market during the 1973–75 recession and early 1980s recession following the post–World War II economic...

Word Count : 1417

Bank run

Last Update:

conditions such as the U.S. savings and loan crisis of the 1980s and 1990s. The global financial crisis that began in 2007 was centered around market-liquidity...

Word Count : 3953

Stock market crashes in India

Last Update:

2006, the BSE Sensex fell by 826 points to 11,391. During the financial crisis of 2007–2008, the stock markets in India fell on several occasions in 2007...

Word Count : 3495

List of banking crises

Last Update:

and 1990s in the U.S. 1988–1992 Norwegian banking crisis Finnish banking crisis of 1990s Sweden financial crisis 1990–1994 Rhode Island banking crisis Peruvian...

Word Count : 648

List of stock market crashes and bear markets

Last Update:

United States List of recessions in the United Kingdom 1991 Indian economic crisis Economic bubble List of banking crises List of largest daily changes in...

Word Count : 1069

Great Recession

Last Update:

cause of the housing bubble and financial crisis: "The trade deficit, less than 1% of GDP in the early 1990s, hit 6% in 2006. That deficit was financed...

Word Count : 13291

2023 United States banking crisis

Last Update:

The 2023 United States banking crisis was a series of bank failures and bankruptcies that took place in early 2023, with the United States federal government...

Word Count : 9398

1998 Russian financial crisis

Last Update:

The employment in Tajikistan has not improved much since the 1990s, so exactly how the crisis affected employment in 1998 remains a question. The GDP per...

Word Count : 3575

Stock market crash

Last Update:

1932. The crash was followed by the Great Depression, the worst economic crisis of modern times, which plagued the stock market and Wall Street throughout...

Word Count : 4061

Market liquidity

Last Update:

mortgage crisis are examples of illiquid assets, as their value was not readily determinable despite being secured by real property. Before the crisis, they...

Word Count : 1480

Social crisis

Last Update:

A social crisis (or alternately a societal crisis) is a crisis in which the basic structure of a society experiences some drastic interruption or decline...

Word Count : 367

Liquidity crisis

Last Update:

In financial economics, a liquidity crisis is an acute shortage of liquidity. Liquidity may refer to market liquidity (the ease with which an asset can...

Word Count : 2496

PDF Search Engine © AllGlobal.net