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.