Business Week Armenia: Telecom executives buy luxury Yerevan hotel

In this week’s edition of CivilNet’s business digest:

  • Team Telecom Armenia owners Aleksandr and Hayk Yesayan inked a deal to take over Grand Hotel Yerevan, a luxury hotel in the center of the capital.
  • The Armenian government announced that it had raised 21% more in taxes last year than the year prior, citing economic expansion and improved tax collection procedures.
  • The United States named Armenia as one of several “transshipment points” used by Russia to evade international sanctions imposed over its full-scale invasion of Ukraine.

Credits: Ruptly