The head of Dynamic Frontier Holdings, the new U.S. owner of Armenia’s Teghut copper mine, revealed it paid $228.5 million to acquire the facility, and provided additional details on plans to expand operations and redirect output to the United States.
Armenia’s place in a Russian-led trade bloc has been thrown into doubt after other members said they could suspend the country’s membership. The Eurasian Economic Union says that could shrink Armenia’s GDP by up to 15.6%
Armenian exporters who spoke with CivilNet said recent moves by the European Union to lift tariffs on imports from Armenia provide a measure of relief amid trade restrictions by Russia, but added that major hurdles to entering the European market remain. Read more.
FEMINNO creates pathways for women in tech across Armenia
Armenia's solar boom exposes costly gaps in its power grid
Armenian grandmaster Haik Martirosyan defeats world No. 1 Magnus Carlsen in Budapest
Armenia to allocate $5.5M for Yerevan metro expansion: THIS WEEK IN BUSINESS
Capital Build at TOON EXPO with a spacious, bright, and welcoming exhibition stand
Armenia’s possible withdrawal of lawsuits against Azerbaijan already affecting cases, former legal envoy says