19 Oct
2026
21° c YEREVAN
21° c STEPANAKERT
ABCMEDIA
ENA becomes state property: Government makes unilateral decision

ENA becomes state property: Government makes unilateral decision

The government has declared the 100% stake in ENA (Electric Networks of Armenia) to be of "prevailing public interest," with the aim of bringing the company into state ownership and subsequently handing over its management to an international firm.

How will the value of the shares be determined? What legal steps do the former owners of ENA intend to take? And what questions does this nationalization process raise?

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