Monetary Policy: Armenia’s Central Bank kept the key refinancing rate at 6.5%, saying it balanced inflation risks and potential deflation from export disruptions. Trade & Prices: Central Bank chief Martin Galstyan warned that if Russia-bound exports can’t be replaced, some categories could see price declines, with a possible GDP hit of up to 2% in a worst case. EU Support: EU foreign policy chief Kaja Kallas said ministers are preparing a major economic package for Armenia to offset Russian trade restrictions, alongside a new Partnership Mission focused on resilience and illicit finance. Export Diversification: The first shipment of Armenian flowers reached Ukraine (9,500 blooms), with a second truck expected soon; Armenia is also pushing sales into Latvia and beyond. Armenia-Turkey Logistics: Armenia and Turkey started talks on restoring the Gyumri-Kars railway, while direct customs-cleared trade and use of the Akhalkalaki-Kars line are now possible—key for routing goods to Europe and Syria. Governance & Property: Prosecutors opened an investigation into the 2003 Golden Key sanatorium sale, alleging undervaluation and false claims on promised jobs/investment. Real Estate Reform: The government discussed overhauling the real estate registration system to simplify procedures and strengthen property-rights protection. Business Outlook: EDB raised Armenia’s 2026 growth forecast to 6%, citing lending, remittances, services, and construction momentum. Industry Credit: Moody’s reaffirmed Zangezur Copper Molybdenum Combine’s B2 rating with a stable outlook. Social Impact: Armenia reported housing certificates for 6,444 Karabakh-displaced families and ongoing support programs.