ANIF will no longer manage government's stake in ZCMC
The Armenian National Interests Fund (ANIF) has announced that it will no longer manage the shares of the Armenian government in the Zangezur Copper Molybdenum Combine (ZCMC) CJSC.
The stake was handed over to the management of the ANIF in 2022 by the government decision.
“According to the new decision of the Government of the Republic of Armenia, the shares owned by the Government of the RA will be transferred to the State Property Management Committee of the Republic of Armenia,” ANIF said in a statement on Thursday.
According to official reports, the Armenian government owns 21.875% of the ZCMC shares.
Many human rights activists, civil society and political figures have called the donation of the mining giant’s shares to the government a “shady deal”, citing corruption risks.
The government has refused to publicize the donation agreement to date.
Related news
- Daniel Ioannisyan points to corruption risks in transfer of ZCMC shares to Armenian government
- Judge presiding over ZCMC case under pressure – Pastinfo
- Armenian government does not clarify how it became recipient of 15% ZCMC shares – Azatutyun
- Government's refusal to provide data on suspicious ZCMC deal is baseless and illegal, lawyer says
- Armenian government hands over 15% of ZCMC shares to trust management of ANIF
- Armenian government refuses to provide data on suspicious ZCMC deal
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
Newsfeed
11:00
Armenian, Iranian foreign ministers hold phone call
Armenian Foreign Minister Ararat Mirzoyan on Thursday had a telephone conversation with his Iranian counterpart Seyed Abbas Araghchi....
Source Panorama.am
17:07
Winter military draft starts in Armenia on November 25
The winter conscription for compulsory military service starts in Armenia on November 25 to run through January 31, 2025.
The...
Source Panorama.am
16:45
Russian spokeswoman told not to comment on ballistic missile strike live on air
Russia's foreign ministry spokeswoman Maria Zakharova received a phone call during a live press briefing on Thursday telling her not to...
Source Panorama.am
16:33
Belgian politicians call for immediate release of all Armenian prisoners held in Baku
In the backdrop of the COP29 currently taking place in Baku 20 members of the Belgian Federal Parliament, the Flemish Parliament, the Walloon...
Source Panorama.am
16:06
Armenia thwarts large-scale drug smuggling attempt
Officers of Armenia’s State Revenue Committee (SRC) have foiled an attempt to smuggle some 1,600 grams of cocaine into the country as part...
Source Panorama.am
15:33
Armenian government reduces financial aid for Artsakh refugees
The Armenian government on Thursday approved a decision to reduce financial aid for the displaced Artsakh Armenians.
Starting from...
Source Panorama.am
14:45
Percival Everett wins National Book Award
Percival Everett has won the $10,000 National Book Award for fiction, one of the US’s most prestigious literary prizes, for James, his...
Source Panorama.am
14:35
Pyunik v West Armenia match canceled
An Armenian Premier League match between FC Pyunik and West Armenia has been canceled.
The 17th round match was scheduled for November 21....
Source Panorama.am
14:06
Armenian Foreign Ministry denies cooperation with Azerbaijan on water management
Armenia’s Foreign Ministry has denied claims of cooperation with Azerbaijan on transboundary water resources management.
In a social...
Source Panorama.am
13:36
No rain in sight for rest of the week
Clear weather is expected in Armenia's regions from Thursday to Sunday.
Rain and snow are forecast for most parts of the country...
Source Panorama.am
13:06
Pashinyan thanks dismissed officials for cooperation
Armenian Prime Minister Nikol Pashinyan expressed gratitude to the dismissed top government officials for joint work and wished good luck to...
Source Panorama.am
12:36
Armenian church marks Presentation of Virgin Mary
The Armenian Apostolic Church celebrates the Presentation of the Blessed Virgin Mary on Thursday, November 21.
According to tradition,...
Source Panorama.am
12:15
Luxembourg's parliament demands immediate release of all unlawfully imprisoned persons in Azerbaijan
Luxembourg’s Chamber of Deputies has adopted a resolution condemning the Azerbaijani government’s sanctions against the freedom of...
Source Panorama.am
12:00
Davit Khudatyan appointed minister of territorial administration
Armavir Governor Davit Khudatyan has been appointed Minister of Territorial Administration and Infrastructure.
Armenian President Vahagn...
Source Panorama.am
11:45
Australia launches bill to ban social media for children under 16
Australia's centre-left government on Thursday introduced a bill in parliament that aims to ban social media for children under 16 and...
Source Panorama.am
11:30
Armenia's Andranik Avetisyan wins gold at World Military Wrestling Championships
The 37th World Military Wrestling Championships kicked off in Yerevan, Armenia, on Wednesday, bringing together 400 participants...
Source Panorama.am
11:10
Leopard missing for two years spotted in Armenia's Tavush
A leopard, that lost its front paw and disappered from Armenia's Vayots Dzor Province in December 2022, has been spotted in...
Source Panorama.am
17:09
Armenian political analyst warns of risk of nuclear war
Political scientist Stepan Danielyan has warned of an imminent threat of nuclear war after the Russian nuclear doctrine change.
President...
Source Panorama.am
16:45
Rain, snow expected in parts of Armenia
Rain and snow are forecast for some parts of Armenia on Wednesday, overnight Thursday, late on Sunday and next Monday.
Clear weather is...
Source Panorama.am
16:22
GM Robert Hovhannisyan qualifies for FIDE World Cup
The European Individual Chess Championship 2024 has concluded.
GM Aleksandar Indjic from Serbia became the champion, scoring 9 points...
Source Panorama.am
15:46
Cher reveals she lost her virginity at 14 to get revenge on boyfriend
Cher has revealed she lost her virginity at age 14 as an act of revenge against her teenage boyfriend, The Independent reports.
In part...
Source Panorama.am
15:32
Political analyst: Azerbaijan transported weapons to Nakhichevan 5 times in 4 days
Political analyst Sergei Melkonian, a research fellow at the Applied Policy Research Institute (APRI Armenia), says Azerbaijani planes carrying...
Source Panorama.am
15:04
Azerbaijan attempts to distort Energy Charter goals in lawsuit against Armenia
Azerbaijan is attempting to distort the content and goals of the Energy Charter Treaty by trying to link it to the Nagorno-Karabakh conflict,...
Source Panorama.am
14:32
Armenian MP calls for tough response to destruction of Artsakh heritage
Opposition lawmaker Tigran Abrahamyan calls for a tough international response to Azerbaijan’s destruction and desecration of Armenian...
Source Panorama.am
13:52
Arpine Sargsyan appointed Armenian interior minister
Armenian President Vahagn Khachaturyan on Wednesday signed a decree to appoint Arpine Sargsyan as Armenia’s new interior minister....
Source Panorama.am
13:30
November 20 is World COPD Day
World Chronic Obstructive Lung Disease (COPD) Day is marked annually on November 20.
World COPD Day is organized by the Global...
Source Panorama.am
13:06
Yerevan to spend some 549.7 million drams on New Year celebrations
The Yerevan Municipality will spend 549.7 million drams on the upcoming New Year celebrations in the Armenian capital, Deputy Yerevan Mayor...
Source Panorama.am
12:34
Pashinyan names pick for new minister of territorial administration
Prime Minister Nikol Pashinyan has named Davit Khudatyan as his pick for Armenia's new minister of territorial administration and...
Source Panorama.am
12:15
Amnesty International urges Georgia to respect right to peaceful assembly
Reacting to the news that police in Tbilisi, Georgia’s capital, have violently dismantled a protesters’ tent camp, Denis Krivosheev,...
Source Panorama.am
12:05
'Dictators release political prisoners only when they face consequences,' lawyer says
Azerbaijan, a country often criticized for its authoritarian governance and human rights abuses, is hosting the 29th United Nations Climate...
Source Panorama.am
Videos
17:32 20/02/2023
Artur Vanetsyan: I think you'll see me more often at various events in future
17:35 20/02/2023
Armenian expert: U.S. stance on Karabakh remains unchanged
13:59 09/02/2023
Premature births increase in Artsakh due to stress
12:43 09/01/2023
Snow-covered Yerevan
15:41 15/12/2022
Gegham Stepanyan calls for sanctions against criminal Azerbaijan
11:45 29/11/2022
Memorial plaque honoring Yeghishe Charents inaugurated in Yerevan
