Armenia’s Central Bank cuts interest rates again: THIS WEEK IN BUSINESS

  • Fitch, the credit rating agency, upgraded Armenia’s long-term foreign-currency issuer default rating to BB-, citing last year’s influx of Russian citizens to the country.
  • Armenia’s Central Bank lowered its benchmark interest rate to 10.25% as inflation in the country continues to ease. It is the bank’s second rate cut this year.
  • Nitzan Yudan, founder and CEO of Benivo, sat down with CivilNet to talk about why he chose to open an office for his global HR company in Armenia.
  • Petya Kamburova, global business development and partnerships lead at Rakuten Viber, joined us this week to talk about the company’s mission to develop a “super-app.”

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