“We don’t have sufficient high quality flats for extremely educated folks with excessive salaries and excessive requirements,” stated Aram Shahbandarian, a former Google worker based mostly in Yerevan who helps many Russians transfer to town. “Yerevan is cracking.”
Vahan Kerobyan, Armenia’s financial system minister, stated in an interview that as a rustic with a strategic relationship with Russia, it was not advertising itself as making an attempt to tug corporations out of Russia, however that if corporations determined to maneuver, it might work to accommodate them.
“The Armenian tech neighborhood is offering assist to their Russian pals, and the federal government could be very a lot nervous about giving Russian corporations a pleasant place that’s not too costly the place they’ll work,” he stated. Mr. Kerobyan estimated that 43,000 folks had moved from Russia to Armenia, half of whom maintain Russian passports and half Armenian passports.
Miro, a U.S. software program firm, chartered flights to Yerevan for its Russian staff and moved them into two motels within the coronary heart of town, Mr. Kerobyan stated. X-tensive, a software program improvement firm in Russia, has additionally moved its staff to the Armenian metropolis as a result of its major consumer, ServiceTitan, has an workplace there, he stated.
Miro has stated publicly that it was transferring its employees out of Russia. X-tensive didn’t reply to a request for remark.
Russia-Ukraine Warfare: Key Developments
A lot of these employees might finally transfer on to different locations as a result of visa restrictions require them to depart their present dwelling after a sure variety of days. Many are uncertain the place they could go. Others are planning strikes to up-and-coming tech hubs farther away, similar to Dubai and Lisbon.
Artem Taganov, founder and chief government of a Russian start-up known as HintEd, stated he knew about 70 founders of Russian corporations who, like him, had fled to Armenia. If entrepreneurs keep in Russia, he stated, their corporations can serve solely the native market.