Rural land market in Armenia : formation peculiarities and development trends
Verdanyan, Manuk & Vahagn Grigoryan
Armenia is geographically located in the South Caucasus and bordered by Georgia, Turkey, Azerbaijan and the Islamic Republic of Iran. The total length of its land boundaries is 1,026 km, including a 167-km border with Georgia, 268 km with Turkey, 556 km with Azerbaijan and 35 km with the Islamic Republic of Iran. The total area of Armenia is 29,800 km2, with a land area of 28,400 km2. As a predominantly mountainous country, Armenia has little arable land, which represents about 20 per cent of the total land area: 27 per cent of the land is meadows and pastures, and 53 per cent is unused land and forests. About 76.5 percent of the countryys territory is between 1 000-2 500 m above sea level. The capital city is Yerevan.
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