Civilnet- Armenia’s Central Bank approved the sale of HSBC’s local subsidiary to the country’s biggest bank, putting an end to the financial giant’s nearly 30-year presence in Armenia.
- The Armenian government again pushed back plans to take a minority stake in the long-stalled Amulsar gold mine project. That has now been delayed to November 1.
- The government finalized the dissolution of ANIF, the scandal-ridden, state-owned investment fund that collapsed this year amid mounting allegations of mismanagement.
- S&P affirmed Armenia’s “BB-/B” sovereign credit ratings with a “stable outlook.”
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