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Zangezur mine reports $1M daily losses amid strike: THIS WEEK IN BUSINESS

  • An unprecedented work stoppage at the Zangezur Copper-Molybdenum Combine, Armenia’s largest and most profitable enterprise, continued into the weekend. A spokesperson told CivilNet the company is incurring daily losses of about $1 million.
  • Armenia cut interest rates by 25 basis points to 6.75%, as inflation continues to remain well below the Central Bank’s 3% target level.

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