Armenia’s National Assembly has approved in the first reading a package of seven bills establishing the legal framework for creating a company to implement the TRIPP project.
The package was adopted during an extraordinary parliamentary session with 64 votes in favor and none against, Radio Free Europe/Radio Liberty’s Armenian Service (Azatutyun) reports.
The proposed legislation would establish a permanent regulatory framework for companies created under international agreements in which the state holds a stake of at least 25%.
According to the government, the amendments will provide the legal foundations necessary for implementing the TRIPP project.
Deputy Justice Minister Tigran Dadunts presented the legislative package during the extraordinary session.
The parliamentary opposition did not participate in the discussion.
National Assembly Vice Speaker Ruben Rubinyan said the package would be considered in its second reading three hours later.
On October 28, Armenia’s National Assembly ratified the framework agreement on strategic cooperation between Armenia and the United States concerning the TRIPP project.
