Government paves the way for takeover of Electric Networks of Armenia: THIS WEEK IN BUSINESS

📍 Armenia’s controversial Amulsar gold mine officially launched operations, marking the end to years of delays over the project. It’s expected to generate $120-$130 million per year in taxes📍 Drone strikes by Ukraine on multiple data centers used by Yandex, Russia’s largest technology company, led to disruptions to the company’s services across Armenia.📍 Armenia’s government formally recognized Electric Networks of Armenia, a major utility company, as a “public priority,” paving the way for the company’s nationalization.