Business Week Armenia: Nor Zovq supermarket chain heads charged with tax evasion

In this week’s edition of CivilNet’s business digest:

• The owner of the Armenian supermarket chain Nor Zovq has been detained on tax evasion charges.
• Lebanese Armenian businessman and former Viva-MTS head Ralph Yirikian has been named as the new CEO of rival telecoms firm Ucom.
• The director of the long-stalled Amulsar gold mine announced that operations will start in 18 months.
• Rating agency S&P has upgraded the Armenian government’s credit outlook.