Ahead of International Women's Day, new research from Grant Thornton shows that women hold 29% of senior management positions in Armenia.

The index is lower than that of 2014 - 35%. However, the index is higher than the last five year average and Armenia remain its position of the top ten, being 8th on the league table.

According to the research, Eastern European countries dominate the international league table for senior female business leaders, including seven of the top ten, with Russia at number one.

''However the proportion of women reaching the top tier of the business world has shown little progress over the past decade, leading to renewed calls for quotas”, the survey notes.  

Grant Thornton’s research reveals that 40% of senior business roles in Russia are occupied by women, the highest in the world, and almost double the global average (22%). The next five countries on the list are all near neighbours: Georgia (38%), Poland (37%), Latvia (36%), Estonia (35%) and Lithuania (33%).

Globally, 22% of senior roles held by women is slightly up from 2004 (19%) but down from 24% last year. Japan remains at the bottom of the list with just 8% of senior roles held by women, followed by Germany (14%) and India (15%).