Armenia to increase stake in Russian-led development bank: Business Week Armenia

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

• Armenia’s parliament approved a deal to buy out a portion of Russia’s shares in the Eurasian Development Bank, taking Armenia’s stake to just over 4%.
• Armenia’s economic activity index grew by about 12% from January to March year-on-year, according to the country’s Statistical Committee.
• Armenia’s State Revenue Committee said it collected nearly $1.2 billion in taxes in the first quarter of this year, representing year-on-year growth of about 15%.