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Armenia’s Team Group expands to EU with Ireland acquisition: THIS WEEK IN BUSINESS

  • ServiceTitan made its debut on the Nasdaq, making history as the first Armenian-founded IT company to go public on a major U.S. stock exchange and pushing the firm’s market capitalization to nearly $9 billion.
  • Armenia’s Team Group will acquire a controlling stake in Imagine Communications, an Irish internet service provider, marking its first investment in the EU. It did not disclose the terms of the deal.
  • Government regulators issued an operating license to Starlink, paving the way for Elon Musk’s satellite internet system to launch in the country “in the coming months.”
  • The Central Bank cut interest rates by 25 basis points to 7% and lowered its inflation target for 2025 to 3% from 4%.
  • Interview with Armen Kherlopian.

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