Armenia to increase stake in Russian-led development bank: Business Week Armenia

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

  • Armenia’s parliament approved a deal to buy out a portion of Russia’s shares in the Eurasian Development Bank, taking Armenia’s stake to just over 4%.
  • Armenia’s economic activity index grew by about 12% from January to March year-on-year, according to the country’s Statistical Committee.
  • Armenia’s State Revenue Committee said it collected nearly $1.2 billion in taxes in the first quarter of this year, representing year-on-year growth of about 15%.

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