- Armenia’s economic activity index grew by 9.4% last year, as trade topped $20 billion for the first time. The United Arab Emirates is now the country’s top foreign investor.
- Armenia’s Central Bank cut interest rates by 50 basis points to 8.75%.
- Fitch affirmed Armenia’s ‘BB-’ sovereign credit rating with a “stable outlook.”
- Armenia’s 1,000 biggest companies paid more than $4.2 billion in taxes last year.
The post UAE overtakes Russia as Armenia’s top foreign investor: THIS WEEK IN BUSINESS appeared first on CIVILNET.