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First foreign insurers set up shop in Armenia: THIS WEEK IN BUSINESS

  • The government has ordered an appraisal of the market value of Electric Networks of Armenia  ahead of its possible takeover, Prime Minister Nikol Pashinyan announced.
  • European insurance companies expanded to Armenia for the first time with an acquisition of the country’s largest insurer. They plan to offer Armenia’s first life insurance policies.
  • Armenia kept interest rates steady at 6.5%.

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