Delays at key border crossing for Armenia’s trade with Russia to be reduced: Business Week Armenia

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

• Lengthy delays at the border crossing between Georgia and Russia, reportedly due to malfunctioning X-ray machines, are expected to be reduced in the coming days.
• Money transfers to Armenian banks by individuals outside the country nearly tripled year-on-year in the first quarter, hitting more than $1.5 billion.
• Armenia’s Central Bank decided to keep its key refinancing rate unchanged, at 10.75%, as inflation in the country continues to ease from last year’s peak.
• Upwards of $760 million in taxes flowed into Armenia’s state coffers in April, marking a new record for the country’s highest tax collection rate in a single month.