Railway showdown: Prime Minister Nikol Pashinyan said Armenia may take its South Caucasus Railway concession dispute with Russia to arbitration, stressing the network is “property of the Republic of Armenia,” while Russian Railways warned it would seek compensation if the deal is changed. Political transition: Pashinyan and his cabinet formally resigned after the new parliament convened; President Vahagn Khachaturyan appointed Pashinyan as PM following June elections. Trade diversification: Armenia agreed with Georgia to restart fish exports as Russia’s import curbs keep squeezing Armenian producers. EAEU pressure: A World Bank human capital update ranked Armenia ahead of Azerbaijan and highlighted the gap between education inputs and labor-market outcomes, adding to the debate over regional reform capacity. Turkey normalization: Ruben Rubinyan said border opening for third-country citizens and diplomatic passport holders remains on track and urged Ankara to accelerate steps. Armenian exports risk: Apricot revenues are heavily tied to Russia—over 80% of export earnings—raising alarm if restrictions persist. Global business backlash: Marriott Bonvoy dropped a “genocide-tourism” package to Shusha and Stepanakert after international advocacy. Banking/ratings: Moody’s affirmed Converse Bank’s ratings with a positive outlook, while Armenia’s FX market saw mixed volume trends.