Russia’s Wildberries test launches ride-hailing service in Armenia: THIS WEEK IN BUSINESS

Armenia’s Central Bank raised interest rates by 25 basis points to 6.75% in the first rate hike in nearly four years. Chief Martin Galstyan cited accelerating inflation in the country.

Dynamic Frontier Holdings, the new U.S. owner of Armenia’s Teghut copper mine, said production at the facility will continue, and announced plans to modernize operations.

Russian e-commerce company Wildberries test launched a new ride-hailing service in Armenia, dubbed WB Taxi. Competitors include Russia’s Yandex and Armenia’s gg.