ANIF shares wholly transferred from the Ministry of Economy to the Government of the Republic

On 25 March 2021, the Prime Minister of Armenia signed a Decree transferring 100% of ANIF’s shares from the Ministry of Economy to the Government of the Republic of Armenia.

The Decree cites ANIF’s strategic importance for the Government of the Republic of Armenia and the fact that long-term economic development and recovery of the post-crisis economy are implemented through ANIF.

The Government has found that taking into account the multifaceted activity of ANIF and the nature of the projects it implements there was a need to assign direct ownership rights to the Office of the Prime Minister of the Republic of Armenia.

ANIF expects no immediate changes to its Board of Directors as a result of this Decree and continues to execute on its current pipeline.