Government takeover of stake in Amulsar gold mine delayed: THIS WEEK IN BUSINESS

  • UATE, an Armenia-based organization representing more than 150 tech companies, warned law enforcement’s raid on the taxi company GG is fueling concern for foreign investors.
  • The Armenian government set a new deadline for plans to take a 12.5% stake in the long-stalled Amulsar gold mine project, which was initially set to be finalized by the end of March, but has now been pushed back to September 1 due to “technical problems.”
  • The government is in talks with Masdar, the Emirati state-owned renewable energy company, in an effort to salvage a major solar power plant deal. The project’s fate was thrown into doubt last month when the state investment fund ANIF was dissolved.

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