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Economy

Yerevan declares ENA an overriding public interest and sets up a railway group with Russia

Armenia’s government recognised 100% of the shares of Electric Networks of Armenia, or ENA, owned by the Tashir group, as an overriding public interest at its sitting on 15 October, the status Armenian law requires before the state can take property, News.am reported. Tashir’s owner Samvel Karapetyan leads the opposition Strong Armenia alliance. Nikol Pashinyan the same day set up a working group with Russia on the railway concession.

A string of slate-blue glass insulator discs on a power line under a golden sky capped by an amber metal clamp.

The government’s reasoning, as News.am quotes it from the cabinet meeting in a report posted at 11:28 Yerevan time on Thursday, is that the step allows the state to intervene when citizens’ right to uninterrupted and safe services is at stake, that the right to property is not absolute and may be limited to ensure the overriding public interest, and that the company’s conduct is capable of harming the interests of hundreds of thousands of subscribers. What conduct is meant, the report does not say.

The draft says the decision is conditioned by the need to ensure the security of the state and society, as News.am quotes it. No reply from ENA, Tashir or Karapetyan is in the outlet’s report, and the government’s decision names no next step, no valuation and no compensation.

The working group with Russia follows Pashinyan’s meeting with the director general of Russian Railways on Wednesday, News.am reported at 16:28. Under the decision, as the outlet quotes it, the group is to discuss how efficiently the South Caucasus Railway’s concession is managed, find ways to resolve the issues and decide the next steps within three months. The South Caucasus Railway, a Russian Railways subsidiary, has held the concession on Armenia’s network since 2008.

The draft says the decision is conditioned by the need to ensure the security of the state and society, as News.am quotes it.

Pashinyan said at the briefing after the sitting that Armenia’s relations with Russia had never been cold, News.am reported. On nuclear power he said Armenia was seeking the best solution in price, quality and timeframe, that the matter was not being politicised and that if Russian partners made a proposal Yerevan would be ready to discuss it.

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