- The United States imposed a 10% tariff on all imports from Armenia, as President Donald Trump escalates his global trade war. Trade between the two countries amounted to $410 million last year, representing less than 1.5% of Armenia’s total trade.
- Armenia’s national debt surpassed $13 billion, pushing the country’s debt-to-GDP ratio to more than 53%, according to the latest figures from the Finance Ministry.
- Armenia collected about $1.4 billion in taxes in the first quarter of the year, marking a year-on-year increase of more than 13%, according to the State Revenue Committee.
- The Radisson Hotel Group opened its first hotel in Gyumri, Armenia’s second city.
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