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Armenia’s banks post record $1.1 billion in profit: THIS WEEK IN BUSINESS

  • Armenia’s 1,000 biggest companies paid more than $5.1 billion in taxes last year, a year-on-year increase of almost 16%, according to the newest annual top taxpayers list. They are led by Mobile Center, the country’s leading electronics retailer.
  • Armenia’s banks together posted a record $1.1 billion in profit last year, according to interim financial reports. Final audited statements have not yet been made public.
  • Inside Armenia’s race to build an AI future.

Credits: Ruptly

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