EU moves to boost Middle Corridor with new platform, $2+ billion investment plan

EU moves to boost Middle Corridor with new platform, $2+ billion investment plan

📍 The European Commission today announced the launch of the Connectivity Agenda Platform and the signing of agreements with international financial institutions expected to mobilize more than $2 billion for strategic connectivity investments in the Black Sea region and the South Caucasus. 📍 Armenia’s Ministry of Infrastructure published a draft decision yesterday outlining plans to nationalize 100% of the shares of Electric Networks of Armenia (ENA), a utility owned by Russian-Armenian billionaire Samvel Karapetyan.📍 Russian sanctions against Armenian products have hit the country’s agricultural sector, particularly the flower industry. Producers have lost a key market, facing expensive logistics and debt, and are now urgently seeking buyers in Europe.#CivilNet #ՍիվիլՆեթ #dailyarmenia

Armenian, Azerbaijani telecom operators connect infrastructure

📍 Armenia’s Telecom Armenia and Azerbaijan’s Azertelecom have announced a deal that will allow for the transfer and provision of transit internet services across their infrastructures.📍 Russia has not commented on reports that Azerbaijani authorities destroyed a World War II memorial in Nagorno-Karabakh despite lashing out on Armenia over an act of vandalism at a similar memorial in Gyumri earlier this month. 📍This Week in Business: https://youtu.be/EYfkbu-uXFg?si=ytSknErSm7P01v3c #CivilNet #ՍիվիլՆեթ #dailyarmenia

Election fraud & the Aliyev referendum

Following Armenia’s parliamentary election, Insights host Eric Hacopian examines the controversy surrounding the official vote total and what it means for the balance of power in parliament. He also explains what will likely become the defining political issue of the coming years: the proposed constitutional referendum demanded by Azerbaijan. Hacopian examines the political calculations behind the referendum and what the outcome would mean for Armenia’s future.#CivilNet #ՍիվիլՆեթ #insightswitherichacopian

Russia broadens restrictions on trade with Armenia: THIS WEEK IN BUSINESS

📍 Russia has broadened restrictions on trade with Armenia to cover most agricultural products as relations between the two countries continue to worsen.📍 Armenia’s Central Bank voted to keep interest rates unchanged at 6.5%.📍 Interview with Davtyan Farms’ Davit Davtyan (in Armenian): https://www.youtube.com/watch?v=YI_aavAzrgk#CivilNet #ՍիվիլՆեթ #civilnetbusiness

No rerun decision draws criticism from election monitors in Armenia

📍 An Armenian court yesterday ordered the seizure of a large land plot in the ski resort town of Tsaghkadzor from the country’s National Olympic Committee, which is headed by Gagik Tsarukyan, a business tycoon and opposition leader.📍 A coalition of election monitoring groups known as the Independent Observer has criticized Armenia’s Central Electoral Commission for refusing to hold a rerun of the June 7 parliamentary elections at three polling stations where results were annulled due to violations on voting day.📍 U.S. approves creation of ‘Trump route’ company with Armenia: THIS WEEK IN BUSINESS https://www.youtube.com/watch?v=0vOSuZ92iNI #CivilNet #ՍիվիլՆեթ #dailyarmenia