VTB, a major state-owned Russian bank, completed the sale of its majority stake in Armenia’s Teghut mine. The identity of the new owner wasn’t immediately clear.
The U.S. State Department named Russian-born U.S. businessman Konstantin Sokolov chairman of the TRIPP+ Enterprise Fund, a new venture for the South Caucasus.
A court in Armenia ordered that AraratCement, owned by prominent businessman and opposition figure Gagik Tsarukyan, be placed under government management.
Court rejects Alen Simonyan’s defamation lawsuit against opposition MP Edgar Ghazaryan
‘Brotherly’ Turkey becomes a historical betrayer in Azerbaijani media narrative
Sokolov’s Armenia holdings create conflict of interest in TRIPP-linked U.S. fund, experts tell Reuters
Government paves the way for takeover of Electric Networks of Armenia: THIS WEEK IN BUSINESS
Armenia’s public pay reform would deliver biggest raises to senior officials, study finds
EU tariff relief gives Armenian exporters an opening, but major hurdles remain