Armenian banks begin blocking Russian transactions for electronics: Business Week Armenia

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

  • Armenia’s inflation rate fell sharply from 3.2% to 1.3% last month, but the Central Bank has so far given no indications it plans to cut interest rates.
  • A number of Armenian banks have started blocking Russian firms from making payments for electronics imports.
  • Armenia’s Team Telecom will become the country’s first mobile network operator to go public.