Business Week Armenia: Government watchdog blocks sale of country’s biggest telecoms company

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

  • An Armenian government watchdog blocked MTS, Russia’s biggest mobile network operator, from selling off its Armenian subsidiary, citing national security concerns.
  • A record 450,000 tourists visited Armenia in the first three months of this year, with just over half of them coming from Russia, new government figures show.
  • The supermarket chain Nor Zovq has paid just over $5 million in back taxes since being accused of tax evasion earlier this year, according to Armenia’s Investigative Committee.

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