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Business booming for Armenia’s re-exporters: THIS WEEK IN BUSINESS

  • Two firms that import and export electronics and consumer goods emerged among Armenia’s biggest companies in terms of tax obligations, in the latest sign that the country’s vibrant re-export trade with Russia is continuing to reorder regional economies.
  • Armenia’s Central Bank cut interest rates by 25 basis points to 7.75%, as inflation in the country continues to remain well below target levels and the economy continues to grow.
  • Fitch affirmed Armenia’s “BB-” sovereign credit rating with a “stable outlook.”

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