In this week’s edition of CivilNet’s business digest:
- Lengthy delays at the border crossing between Georgia and Russia, reportedly due to malfunctioning X-ray machines, are expected to be reduced in the coming days.
- Money transfers to Armenian banks by individuals outside the country nearly tripled year-on-year in the first quarter, hitting more than $1.5 billion.
- Armenia’s Central Bank decided to keep its key refinancing rate unchanged, at 10.75%, as inflation in the country continues to ease from last year’s peak.
- Upwards of $760 million in taxes flowed into Armenia’s state coffers in April, marking a new record for the country’s highest tax collection rate in a single month.