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.
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