Business Week Armenia: Government expands tax breaks for IT sector

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

• The government approved plans to expand a scheme providing tax breaks for IT firms, bringing the total amount of pledged support under that program to nearly $16.5 million.
• Wine exports soared to nearly $36.5 million last year, with about 80% of the exports destined for Russia, while the number of winemaking companies rose to 150.
• A government watchdog fined three dairy producers a total of about $33,000 for anticompetitive practices, amid talks over Russia’s ban on Armenian dairy products.