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Samvel Karapetyan's lawyers declare legal arbitrariness and political persecution against their client
Lawyers representing businessman and philanthropist Samvel Karapetyan released a statement addressing what they perceive as unfair legal practices related to their appeal against the arrest of their client. YEREVAN, June 26. /ARКА/. Lawyers representing businessman and philanthropist Samvel Karapetyan ...
06/27/2025Nationalization of Electric Networks of Armenia will break the “backbone” of the economy and scare away investors – former Minister of Finance (EXCLUSIVE)
.... If so, then close the economy, close the market, bring back the Soviet economy, and let's see how you develop. All this will lead to very bad consequences," Aramyan said. The owner of Electric Networks of Armenia CJSC Russia-based billionaire Samvel Karapetyan is currently under arrest. As part of the criminal case, he has been charged with "public calls for the seizure of power." By a court decision, he was arrested for 2 months. Karapetyan himself does not admit his guilt. His ...
06/26/2025Statements by authorities against businesses threaten business environment and investment attractiveness of Armenia – SME Cooperation Association
... signal for government agencies to continue to demonstrate a more balanced and responsible position, especially on economic issues of public importance," the statement says. The owner of Electric Networks of Armenia CJSC Russia-based billionaire Samvel Karapetyan is currently under arrest. As part of the criminal case, he has been charged with "public calls for the seizure of power." By a court decision, he was arrested for 2 months. Karapetyan himself does not admit his guilt. His ...
06/26/2025Pashinyan proposed to put up for sale shares of ENA so that citizens of Armenia could buy them
... an object as "Electric Networks" will have. About "Electric Networks of Armenia" CJSC "Electric Networks of Armenia" is part of the "Tashir" group of companies, which is owned by entrepreneur and philanthropist Samvel Karapetyan. ENA manages medium and low voltage distribution networks in Armenia, serving about 1 million subscribers. Since 2016, Tashir Group has invested about $680 million in the modernization of ENA alone, and another $150-200 million was invested ...
06/26/2025Samvel Karapetyan: Armenian authorities have turned the harsh repressive apparatus into the most used tool
Billionaire and philanthropist, president of the Tashir Group Samvel Karapetyan, arrested earlier this week for two months for public calls to seize power, accused the Armenian authorities of introducing a repressive apparatus and splitting the country into "blacks" and "whites". YEREVAN, June ...
06/26/2025Nationalization process is not some kind of “store” that can be taken and nationalized - economist on situation with Electric Networks of Armenia (EXCLUSIVE)
Armenian economist Tatul Manaseryan gave a comment in connection with the statement of Prime Minister Nikol Pashinyan on the nationalization of the Electric Networks of Armenia, owned by a Russia-based businessman of Armenian origin Samvel Karapetyan, arrested earlier this week for two months for public calls to seize power. YEREVAN, June 25. /ARKA/. Armenian economist Tatul Manaseryan gave a comment in connection with the statement of Prime Minister Nikol Pashinyan on the nationalization ...
06/25/2025Nationalization of Electric Networks of Armenia was politically compromised from the start, says economist (EXCLUSIVE)
... from a legal point of view, this process will most likely be compromised, and from a political point of view, it is compromised from the very beginning,” Mikaelyan noted. He recalled that after the owner of ENA, the billionaire of Armenian origin Samvel Karapetyan, who lives in Russia, announced his support for the Armenian Cchurch, Pashinyan announced the plan to nationalize the company. Speaking about the investment climate, the expert noted that very little investment has been made in Armenia ...
06/24/2025Armenian PM: Nationalization plan for Electric Networks of Armenia CJSC is ready
... will be carried out in accordance with the legislation of the Republic of Armenia," Pashinyan wrote on social networks. Electric Networks of Armenia CJSC is part of the Tashir Group of Companies, which is owned by businessman and philanthropist Samvel Karapetyan. ENA manages medium and low voltage distribution networks in Armenia. On the criminal prosecution of Samvel Karapetyan Earlier, Karapetyan visited the Catholicos of All Armenians in Echmiadzin in connection with the attacks of the Armenian ...
06/24/2025Samvel Karapetyan's lawyers prepare to file complaint against Armenia with ECHR
The defense lawyers of Russia-based businessperson and philanthropist Samvel Karapetyan, president of Tashir Group, will file a complaint with the European Court of Human Rights (ECHR), said one of his lawyers, Armen Ferroyan. YEREVAN, June 23. /ARKA/. The defense lawyers of Russia-based businessperson and philanthropist ...
06/23/2025Desire of Diaspora businesspeople to invest in Armenia may be reduced to minimum, says Samvel Karapetyan
In a short period of time, the Armenian authorities have managed to completely eliminate the presence of the Diaspora in the life of the Republic of Armenia, Samvel Karapetyan, president of Russia-based Tashir Group, said in a statement. YEREVAN, June 23. /ARKA/. In a short period of time, the Armenian authorities have managed to completely eliminate the presence of the Diaspora in the life of the Republic ...
06/23/2025Nationalization of ENA would damage Armenia's image and investment environment, says opposition MP
... (ENA), suggested earlier this week by Prime Minister Nikol Pashinyan would heavily damage Armenia's image and investment climate. Nikol Pashinyan announced his intention to nationalize ENA after the company's owner, Russia-based Tashir Group President Samvel Karapetyan was detained by law-enforcers after the businessman announced his support for the Armenian Apostolic Church. He was accused of “public calls to seize power.” A court in yerevan allowed to arrest him for two months. "Encroachment ...
06/20/2025"Tashir Group" reports uninterrupted operations despite Samvel Karapetyan's arrest
... circumstances. As before, we fulfill all our obligations with full responsibility, and our divisions operate as usual, ensuring reliability and quality of cooperation," the company said in a statement to TG. The company recalled that on June 18, Samvel Karapetyan was invited by representatives of the law enforcement agencies of the Republic of Armenia. "The reason for such a disproportionate and unmotivated reaction of the authorities was his open and balanced expression of a position in ...
06/19/2025Court arrests Samvel Karapetyan for two months
Billionaire, philanthropist, president of "Tashir Group" Samvel Karapetyan has been arrested for two months by a court decision. YEREVAN, June 19. /ARKA/. Billionaire, philanthropist, president of "Tashir Group" Samvel Karapetyan has been arrested for two months by a court decision. "The court ...
06/19/2025Armenia's Investigative Committee releases details of criminal case against Tashir Group president
Armenia's Investigative Committe has filed a motion with a local court seeking permission to arrest Tashir Group president Samvel Karapetyan, revealed Kima Avdalyan, press secretary of the Investigative Committee. YEREVAN, June 18. /ARKA/. Armenia's Investigative Committee has filed a motion with a local court seeking permission to arrest Tashir Group president Samvel ...
06/18/2025Armenian Power Distributing Company fined 10 million drams for a number of violations – PSRC
... violations throughout its service territory by December 31, 2025 and to pay fines for violations of consumer rights in appropriate cases. Armenian Electric Networks CJSC is part of the Tashir Group of Companies and is owned by the Russia-based entrepreneur Samvel Karapetyan. The company manages medium and low voltage distribution networks in Armenia and serves 1 million subscribers in the country.-0-
06/18/2025Armenian Prime Minister accuses Samvel Karapetyan's ENA of causing the country's energy crisis
The Electric Networks of Armenia (ENA) power distribution company (owned by Russia-based bilionaire of Armenian origin Samvel Karapetyan) has practically created an energy crisis in the country with the aim of generating discontent among the public, o Armenian Prime Minister Nikol Pashinyan argued today. YEREVAN, June 18. /ARKA/. The Electric Networks of Armenia ...
06/18/2025Billionaire Samvel Karapetyan accused of "public calls to seize power" in Armenia
Russian-Armenian billionaire, president of "Tashir Group" Samvel Karapetyan has been charged in Armenia with "public calls to seize power." YEREVAN, June 18. /ARKA/. Russian-Armenian billionaire, president of "Tashir Group" Samvel Karapetyan has been charged in Armenia with "public ...
06/18/2025It's time to nationalize ENA: Armenian PM responds to "Tashir Group" president
Armenian Prime Minister Nikol Pashinyan responded to billionaire and philanthropist, Tashir Group president Samvel Karapetyan. YEREVAN, June 18. /ARKA/. Armenian Prime Minister Nikol Pashinyan responded to billionaire and philanthropist, Tashir Group president Samvel Karapetyan. When Karapetyan was detained on Wednesday night, he said that he "supports ...
06/18/2025License of "Electric Networks of Armenia" extended until February 1, 2029
... of the Republic of Armenia as an authorized body, based on the program approved by the government," the statement said. Electric Networks of Armenia CJSC is part of the Tashir Group of Companies, which is owned by entrepreneur and philanthropist Samvel Karapetyan. ESA manages medium and low voltage distribution networks in Armenia.
05/30/2025Forbes includes Ruben Vardanyan, Eduardo Ernekian, Kim Kardashian in the list of the richest people in the world
... America Airports went public on the New York Stock Exchange; its CEO is his nephew Martin Ernekian. Another of his companies, Compañía General de Combustibles, is an oil and gas producer in Argentina that operates hydrocarbon fields and pipelines. Samvel Karapetyan - 1,141st place, $3.2 billion fortune He owns Tashir Holding, a commercial real estate development company. Karapetyan was born in Armenia, but came to Russia in the 1990s and settled in Kaluga. A longtime subcontractor of Gazprom, Tashir ...
04/02/2025Electric Networks of Armenia issued bonds for $20 million and AMD 7.7 billion
... be used to finance investment and other programs. Electric Networks of Armenia CJSC (ENA) previously issued 320,000 bonds worth 32 billion drams in December 2023. ENA is part of the Tashir Group of Companies, owned by entrepreneur and philanthropist Samvel Karapetyan. ENA manages medium and low-voltage distribution networks in Armenia. ($1 = 397.78 drams)
01/15/2025Frequent power outages concern Armenians: PSRC head candidate proposes solutions
... agreed that it was necessary to examine the details of the investment program of ‘’Electric Networks of Armenia’’. ‘’Electric Networks of Armenia’’ CJSC is part of the Tashir Group, owned by prominent entrepreneur and philanthropist Samvel Karapetyan. ESA manages medium and low voltage distribution networks across Armenia, serving 1 million customers. -0-
11/15/2024In the center of Yerevan, 145,000 subscribers will be provided with uninterrupted power supply
... approximately 6.7 billion drams to modernize the power supply network in the center of Yerevan over the next 2-3 years. The Electric Networks of Armenia is part of the Tashir Group of Companies, owned by a Russia-based businessman of Armenian descent Samvel Karapetyan. ENA runs medium and low voltage distribution networks in Armenia, serving 1 million subscribers. -0-
11/05/2024Level of wear and tear of energy infrastructure in Armenia is 60 per cent - ENA Director General
... the power grid to AMD 461 billion by 2030 to improve service quality, ensure reliable and uninterrupted power supply, connect new subscribers to the network. Electric Networks of Armenia CJSC is a part of Tashir Group of Companies, which is owned by Samvel Karapetyan, a businessman of Armenian origin based in Russia. ENA manages medium- and low-voltage distribution networks in Armenia, serving 1 million subscribers in the country.-0-
10/04/2024Construction of new network will require at least $10 billion – CEO of ENA on the deplorable situation with power outages
... in the center of Yerevan will be moved to courtyards to reduce noise and address safety issues. ‘’Electric Networks of Armenia’’ CJSC is part of the Tashir Group of Companies, which is owned by the Russian based businessman of Armenian origin Samvel Karapetyan. ENA manages the medium and low voltage distribution networks in Armenia, serving 1 million subscribers in the country. -0-
10/04/2024ENA plans to rule out power cuts in the centre of Yerevan
... programme within 2-3 years. Avinian welcomed the idea, assuring that the municipality is ready to support its smooth implementation within its authority. Electrical Networks of Armenia is part of the Tashir Group of Companies, owned by Russian businessman Samvel Karapetyan. It operates medium and low voltage distribution networks in Armenia, serving 1 million subscribers in the country. -0- -
09/26/2024Yerevan power system re-equipment programme estimated at AMD 6.3 bln - ENA General Director
... thousand are under construction. 'We assume that by the end of 2025 the number of applications from new subscribers will reach 75 thousand,’ Darbinyan said. Electrical Networks of Armenia CJSC is part of Tashir Group of Companies, owned by Russia-bsed Samvel Karapetyan. It manages medium and low voltage distribution networks in Armenia, serving 1 million subscribers. -0-
09/04/2024ENA plans to invest nearly $1.4bn by 2034 in development of Armenia's power grid.
... European Bank for Reconstruction and Development, Asian Development Bank and International Finance Corporation, as well as with a number of local commercial banks. Electrical Networks of Armenia CJSC is part of the Tashir Group of Companies owned by Samvel Karapetyan. It operates medium and low voltage distribution networks in Armenia, serving 1 million subscribers.-0-
09/04/2024Tashir Group of Companies president calls on authorities and opposition to refrain from escalation of tension
The President of Russia-based Tashir Group of Companies Samvel Karapetyan called on Armenian authorities and the anti-government protesters to refrain from escalation of tension following June 12 clashes between riot police and protesters in downtown Yerevan, who demand the resignation of PM Pashinyan. ...
06/13/2024Tashir Group of Companies invests about $680m in modernisation of Armenia's power grids
Since 2016, Tashir Group of Companies has invested about $680 million in the modernisation of Armenia's electricity networks (ENA), Samvel Karapetyan, founder and president of Tashir Group of Companies, said in an interview with Armenia TV channel. YEREVAN, 3 June. /ARKA/. Since 2016, Tashir Group of Companies has invested about $680 million in the modernisation of Armenia's ...
06/03/2024Electric Networks of Armenia CJSC fined AMD 20 mln for violations
... were not met, which directly violated the rights or legitimate interests of a number of applicants (consumers)," the PSRC said in a statement. Electric Networks of Armenia CJSC is part of the Tashir Group of Companies owned by Russian businessman Samvel Karapetyan. ENA manages medium and low voltage distribution networks, serving 1 million subscribers in the country. --0-
03/13/2024About 35,000 new subscribers were connected to Armenia's power grids in 2016-2023. – ENA
... improvement of the networks. According to the company's current program, by 2030, the total investment volume is planned to reach AMD 461 billion. Electrical Networks of Armenia CJSC is part of Tashir Group of Companies, owned by Russia-based businessman Samvel Karapetyan. It operates medium and low voltage distribution networks in Armenia, serving 1 million subscribers. --0--
02/15/2024Electrical Networks of Armenia plans to boost investments to AMD 461 bln by 2030
... substations in the country c in 2024-2030, construction of a backup 110 kV transmission line towards Stepanavan and Tashir in Lori province. Electric Networks of Armenia CJSC is part of the Tashir Group of Companies, which is owned by Russia-based businessman Samvel Karapetyan. ENA runs medium and low voltage distribution networks in Armenia, serving 1 million subscribers in the country. --0--
02/14/2024First issue of bonds by Electrical Networks of Armenia placed ahead of schedule, - CEO
... on bonds is set at 11.4%, maturity is 3 years, coupon payments periodicity - every 6 months. The underwriter of the issue is Ameriabank. The Electrical Networks of Armenia CJSC is part of Tashir Group of Companies, owned by Russia-based businessman Samvel Karapetyan. ENA manages medium and low voltage distribution networks in Armenia, serving 1 million subscribers. ($1 - AMD 404.23). --0—
02/14/2024Electric Networks of Armenia for the first time issues AMD 32 bln bonds
... Bank expressed hope that ENA's presence in the capital market will not be limited to this and will inspire other companies by its example. Electric Networks of Armenia CJSC is part of Tashir Group of Companies, which belongs to Russia-based businessman Samvel Karapetyan. It operates medium and low voltage distribution networks in Armenia ($1 - AMD 402.99). -0-
12/19/2023Armenian regulator allows national power distributor to issue and place bonds worth $80 million
... he said. Arshakyan pointed out that the cost of one bond will range from 100 thousand drams to 300 thousand drams. Electric Networks of Armenia CJSC is part of Tashir Group of Companies, which is owned by Russia-based businessman of Armenian origin Samvel Karapetyan. The company runs medium and low voltage distribution networks in Armenia. ($1 - AMD 402.56). -0-
11/22/2023Hrazdan TPP: History and Prospects in the Future Configuration of Armenia's Power System
... Hrazdan TPP (1st-4th power units) included in its authorized capital. In 2009, Russian RosNefteGas bought all shares of Hrazdan TPP, but three years later sold them to Russian Inter RAO (a division of RAO UES Holding). In 2015, the plant was acquired by Samvel Karapetyan's Tashir Group of Companies, and then it was registered as a subsidiary of Tashir Capital, a subsidiary of Tashir Group of Companies. The deal for Hrazdan Power Plant was closed ahead of schedule in December 2016. Today the Hrazdan Thermal ...
10/25/2023Armenia’s regulator fines national power distributing company to the tune of AMD 20 mln.
... the applicants were not notified of the reasons for the violation of the connection deadlines, the expected timing of electricity supply and they were not paid penalties. ENA is a part of Tashir Group of Companies, owned by a Russia-based entrepreneur Samvel Karapetyan. ($1 - 386.32 AMD)--0--
06/30/2023Tashir group of companies is second in Forbes' ranking of Kings of Russian Real Estate-2023
The Tashir group of companies owned by Russia-based businessman of Armenian origin Samvel Karapetyan is second in the latest rating of the Russian edition of Forbes "Kings of Russian Real Estate 2023". YEREVAN, March 2. /ARKA/. The Tashir group of companies owned by Russia-based businessman of Armenian origin Samvel ...
03/02/2023Electricity prices in Armenia remain unchanged - PSRC decision
... to 50.48 drams and from 37.98 to 40.48 drams during nighttime hours. Armenia’s national power distribution company- Electric Networks of Armenia - is owned and run by Tashir Group of Companies, owned by a Russia-based billionaire of Armenian origin Samvel Karapetyan, who acquired the facility from the Russian energy holding Inter RAO UES in September 2015 . ($1 - $393.60). --0--
12/28/2022Samvel Karapetyan, President of Tashir Group, expresses concern over situation in Artsakh due to provocation of Azerbaijan
Samvel Karapetyan, President of Tashir Group and the Association of Armenian Entrepreneurs, expressed concern over the situation in Artsakh (Nagorno-Karabakh) as a result of Azerbaijan's provocation. YEREVAN, December 14. /ARKA/. Samvel Karapetyan,...
12/14/2022Armenia’s PSRC begins revision of electricity prices
... to 50.48 drams and from 37.98 to 40.48 drams during nighttime hours. Armenia’s national power distribution company- Electric Networks of Armenia - is owned and run by Tashir Group of Companies, owned by a Russia-based billionaire of Armenian origin Samvel Karapetyan, who acquired the facility from the Russian energy holding Inter RAO UES in September 2015. ($1 - 394.87 drams).
12/01/2022Tashir Group President: only united we can overcome all difficulties and achieve prosperity and peace for Armenia's future
Samvel Karapetyan, President of Tashir Group of Companies, has sent a congratulatory message to the Armenian people on the occasion of Independence Day. YEREVAN, September 21. /ARKA/. Samvel Karapetyan, President of Tashir Group of Companies, has ...
09/21/2022Tashir Group to provide $2 million assistance to those affected by Azerbaijan's aggression
The Russia-based President of the Tashir Group Samvel Karapetyan will provide $2 million assistance to all those who were affected by the latest Azerbaijan's military aggression against Armenia, the press service of Tashir Group reported. YEREVAN, September 16. /ARKA/. The Russia-based President ...
09/16/2022EDB to provide $30 million for introduction of international standards of management and automated accounting systems in Armenia
... Its authorized capital is $7 billion. The EDB's portfolio is dominated by projects with integration effects in transport infrastructure, digital systems, green energy, agriculture, industry and mechanical engineering. Founded by Armenian-born tycoon Samvel Karapetyan, the Tashir Group of Companies is one of the most influential organizations in the Eurasian region since its creation in 1999. Today it comprises more than 200 companies and is one of Russia’s leading real estate groups, although it ...
08/05/2022PSRC fines Electrical Networks of Armenia to the tune of 20 million drams
... challenged at the Administrative Court within two months from the date of entry into force. ENA is Armenia’s national power distribution company and is part of the Tashir group of companies, owned by Russia-based Armenian entrepreneur and philanthropist Samvel Karapetyan.. ($1 - 411.04 AMD).
07/13/2022Two businessmen of Armenian origin are in Forbes' 2022 list of 88 Russian billionaires
... businessmen of Armenian origin were included in Forbes' 2022 list of 88 Russian billionaires. Private investor, founder of online dating service Badoo Andrey Andreyev (Ohanjanyants) is ranked 42nd. His fortune is estimated at $2 billion. Tashir Group founder Samvel Karapetyan is 82nd. His fortune is $1.1 billion. The vast majority of billionaires' wealth has decreased over the year. Everyone in the top ten has lost billions. -0-
04/21/2022Tashir to open third wholesale and retail trade center in Moscow for Armenian exporters
... presented on Tuesday in Yerevan the third Bukhta Yug wholesale and retail trade center, which is expected to open in Moscow in September 2022. The new trade center being built by the Tashir group of companies, owned by Armenia-born Russian billionaire Samvel Karapetyan is aimed at encouraging Armenian exporters and support local businesses. "It is very important to us to provide an exceptional opportunity to Armenian producers to enter the Russian market without any obstacles," said Gohar ...
02/16/2022Austria to support modernization of Sevan-Hrazdan cascade of hydroelectric power plants and construction of ski resort in Armenia
... at the forefront that will develop this relationship," he said. In 2020, RusHydro, a Russian hydroelectricity company, agreed to sell 90% of the International Energy Company, which owned the Sevan-Hrazdan Cascade Hydro Power Plant in Armenia, to Samvel Karapetyan's Tashir Group. The Sevan-Hrazdan Cascade (561 MWt), consists of seven derivative hydro power plants. Their output shrank 11.5% in 2018 to 412 million kWh. That was is about 5.68 percent of Armenia's electric energy output in 2018. -0---
02/03/2022Samvel Karapetyan’s Tashir group is second in the rating of Russian real estate kings in 2021
... topped by Kiev Square group of companies of God Nisanov and Zakhar Iliev. The rental income of the group amounted in 2021 to $1.67 billion ($1.28 billion in 2020). The second is the Tashir group of companies owned by the ethnic Armenian businessman Samvel Karapetyan with rental income of $615 million ($ 585 million in 2020). Tashir is followed by Safmar group of Mikhail and Sayt-Salam Gutserievs with rental income of $510 million ($460 million in 2020). According to the Forbes, the second pandemic ...
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