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Zangezur mine keeps spot as Armenia’s top taxpayer: THIS WEEK IN BUSINESS

  • Armenia’s 1,000 biggest companies paid more than $4.4 billion in taxes last year, a year-on-year increase of about 3.6%, according to the newest annual ‘top taxpayers’ list. They are led by the Zangezur Copper-Molybdenum Combine, Armenia’s largest mine.
  • The global ratings agency Fitch affirmed Armenia’s “BB-” sovereign credit rating with a stable outlook. It also revised down its forecast for Armenia’s economic growth this year to 4.8%, citing repeated delays to the start of operations at the Amulsar gold mine site.

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