Latest Articles about Armenia

Sale of Armenia’s Monopoly Electricity Distributor Confirmed

On September 30, the Russian firm RAO UES International and Tashir Group—a Moscow-based group of companies controlled by a Russian billionaire of Armenian origin, Samvel Karapetyan—announced the signing of an agreement pertaining to the sale of Electric Networks of Armenia (ENA), which is owned by... MORE

Yerevan Electricity Protests Reach Climax

Protests in Yerevan and other Armenian cities have persisted for over a week, following the state regulatory commission’s June 17 decision about increasing the electricity fee from August 1. As previously suggested (see EDM, June 12), the commission decided upon a smaller fee increase than... MORE

Russia’s Bankrupting Empire

Following the June 22 decision by the European Union to extend its sanctions on Russia for another six months, Russian Prime Minister Dmitry Medvedev soberly declared two days later that the country’s faltering economy would force the government in Moscow to make some difficult choices... MORE