Russia bans Armenian dairy products as trade restrictions widen: THIS WEEK IN BUSINESS

Russia bans Armenian dairy products as trade restrictions widen: THIS WEEK IN BUSINESS

📍Armenia has agreed to expand its existing gas-for-electricity swap deal with Iran, a senior official has confirmed. Additional details weren’t immediately available.📍Russia broadened its existing trade restrictions with Armenia, adding dairy products to the list of banned goods. It now covers most agricultural goods.📍Armenia’s 1,000 biggest companies paid more than $3 billion in taxes in the first half of the year, marking a year-on-year increase of almost 13%, according to official figures.#CivilNet #ՍիվիլՆեթ #civilnetbusiness

Court to hear criminal case against Catholicos Karekin II

📍A criminal case against Catholicos Karekin II and five senior Armenian Apostolic Church clerics has been sent to court. 📍The World Bank says Armenia’s economic boom is slowing, warning that long-term growth will depend on higher productivity, skilled workers, and innovation. #CivilNet #ՍիվիլՆեթ #DailyArmenia

Iran, Armenia discuss expanding energy and infrastructure ties

📍Iran has proposed expanding natural gas exports to Armenia as the two countries explore deeper energy ties and new transportation links. 📍Human rights lawyer says there are credible reports that some Armenians held in Azerbaijani prisons have suffered serious injuries, including fractures, raising concerns that some may have resulted from violence.#CivilNet #ՍիվիլՆեթ #dailyarmenia

US company acquires major Armenian mine: THIS WEEK IN BUSINESS

- A U.S. company linked to businessman Konstantin Sokolov acquired Armenia’s Teghut mine from Russia’s VTB bank. Sokolov is also involved in U.S.-backed efforts to develop a new transit route across the South Caucasus.- Armenia’s government advanced efforts to seize AraratCement, one of the country’s largest cement companies. It’s owned by prominent businessman Gagik Tsarukyan, who has been detained on money laundering charges, which he denies.- Hundreds of people from Armenia’s fish farming industry held a protest in Yerevan, calling for government support amid Russian restrictions on trade with Armenia.#CivilNet #thisweekinbusiness #businessweekarmenia

Court places Ararat Cement under state management in Tsarukyan asset case

📍 The Armenian government takes control of Ararat Cement as authorities pursue asset forfeiture proceedings against businessman Gagik Tsarukyan.📍 Armenian lawyers criticize a proposal to ban HelpCourt.am, a website that allows lawyers to rate judges. 📍 The big ideas defining Armenia's political future- https://www.youtube.com/watch?v=FwUL5tGEY1k #CivilNet #ՍիվիլՆեթ #DailyArmenia