International arbitrators order Armenia to halt utility seizure: THIS WEEK IN BUSINESS
Arbitrators ordered Armenia to halt its seizure of the country’s power grid, arguing the nationalization of Electric Networks of Armenia would violate an international investment treaty. Armenia’s justice minister suggested the country may defy the decision.
Global ratings agency Fitch affirmed Armenia’s “BB-” sovereign credit rating with a stable outlook.
International arbitrators order Armenia to halt utility seizure: THIS WEEK IN BUSINESS
Arbitrators ordered Armenia to halt its seizure of the country’s power grid, arguing the nationalization of Electric Networks of Armenia would violate an international investment treaty. Armenia’s justice minister suggested the country may defy the decision.
Global ratings agency Fitch affirmed Armenia’s “BB-” sovereign credit rating with a stable outlook.