“We don’t have sufficient high quality flats for extremely skilled folks with prime salaries and prime requirements,” mentioned Aram Shahbandarian, a former Google worker based totally in Yerevan who helps many Russians transfer to town. “Yerevan is cracking.”
Vahan Kerobyan, Armenia’s financial system minister, mentioned in an interview that as a rustic with a strategic courting with Russia, it used to be no longer advertising itself as looking to pull firms out of Russia, however that if firms made up our minds to transport, it will paintings to deal with them.
“The Armenian tech group is offering improve to their Russian buddies, and the federal government could be very a lot nervous about giving Russian firms a pleasant position that isn’t too dear the place they are able to paintings,” he mentioned. Mr. Kerobyan estimated that 43,000 folks had moved from Russia to Armenia, part of whom cling Russian passports and part Armenian passports.
Miro, a U.S. device corporate, chartered flights to Yerevan for its Russian workers and moved them into two inns within the middle of town, Mr. Kerobyan mentioned. X-tensive, a device building corporate in Russia, has additionally moved its workers to the Armenian town as a result of its number one consumer, ServiceTitan, used to be based there, he mentioned.
Miro has mentioned publicly that it used to be transferring its staff out of Russia. X-tensive didn’t reply to a request for remark.
Russia-Ukraine Struggle: Key Traits
Lots of the ones staff might in the end transfer directly to different puts as a result of visa restrictions require them to go away their present house after a definite selection of days. Many are undecided the place they could move. Others are making plans strikes to up-and-coming tech hubs farther away, corresponding to Dubai and Lisbon.
Artem Taganov, founder and leader government of a Russian start-up referred to as HintEd, mentioned he knew about 70 founders of Russian firms who, like him, had fled to Armenia. If marketers keep in Russia, he mentioned, their firms can serve simplest the native marketplace.
