Armenia’s economy grows by 5.9% in 2024: THIS WEEK IN BUSINESS

• Armenia’s gross domestic product increased by 5.9% in 2024 — a substantial growth rate, despite falling significantly from the previous year’s 8.3% economic expansion.
• Plans by Armenia’s national electric utility to overhaul Yerevan’s power grid are expected to reduce the frequency of outages by up to 98%, a senior executive told CivilNet. Read more: https://shorturl.at/cIX49
• A CivilNet investigation has revealed that the Armenian government has opened a new criminal case connected to the Zangezur Copper-Molybdenum Combine, alleging the enterprise extracted more ore from the mine than contractually allowed. The development had not been reported publicly. Read more: https://shorturl.at/LghzX

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