Armenia greenlights sale of country’s largest cellular company: THIS WEEK IN BUSINESS

• Armenia approved the sale of the country’s largest mobile network operator to a Cyprus-based company with unnamed owners, just months after blocking such a move over national security concerns.
• More than a dozen IT companies that received roughly $475,000 in government benefits are now inactive, the Hetq investigative news site revealed.
• Armenia has kept its position as one of Russia’s main sources of used cars, despite Georgia’s ban earlier this year on car re-exports through its territory.

Credits: Ruptly