Armenia walks back controversial tax proposal after business leaders protest: THIS WEEK IN BUSINESS

  • Armenia’s Central Bank cut interest rates by 25 basis points to 7.5%, as inflation in the country continues to remain well below target levels and the economy continues to grow.
  • Lawmakers will abandon a plan to toughen tax evasion penalties after business leaders raised concerns over the proposed changes’ potential impact on the private sector.
  • Interview with WinesofArmenia.com’s Stepan Baghdassarian.

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