Civilnet- Prime Minister Nikol Pashinyan’s cabinet put forward a budget proposal for next year that envisages Armenia’s economy to expand by 5.6%. The government plans total revenues to approach $7.5 billion, while expenditures are expected to top $9 billion.
- Babken Tunyan, a leading pro-government lawmaker, dismissed speculation that the government is, apparently, considering nationalizing the country’s main electric utility.
- The United Kingdom-based company that owns Vorotan, Armenia’s largest hydroelectric power plant, plans to invest an additional $14.4 million in the facility through 2026.
- The Armenian subsidiary of Gazprom, the Russian state-owned energy giant, is trying to sell off a hotel it owns in the resort town of Tsaghkadzor, a CivilNet investigation found.
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