TRIPP Trade Deal: Armenia has started the domestic ratification process for the US-backed “Trump Route” (TRIPP), with Foreign Minister Ararat Mirzoyan saying the Constitutional Court review comes first, then parliament, and that two extra documents (a shareholders’ agreement and the TRIPP Development Company charter) are still needed. Credit Outlook: Fitch affirmed Armenia’s BB- long-term rating with a Positive Outlook, citing stronger reserves and growth, while flagging lingering geopolitical and Russia-linked risks. Opposition Assets Under State Control: Armenia’s Anti-Corruption Court ordered Araratcement (owned by Gagik Tsarukyan) placed under interim state management, as part of a broader case tied to alleged “illegal origin” property. Railway Subsidy Boost: The government approved an extra AMD 65.2m subsidy to South Caucasus Railway to cover passenger-transport losses, keeping the funding within existing concession-linked flows. EU Fish Export Rules: Armenia approved the procedure for fish exporters to enter EU markets, including registration via the EU TRACES system and obtaining an electronic code from the Food Safety Inspectorate. New Export Channels: Armenia is pushing fresh fruit and vegetables toward Oman and exploring sales via France’s Carrefour network, aiming to diversify away from Russia. Health Coverage Expansion: Armenia’s health insurance system reached 1.7m beneficiaries, with further category rollouts planned for 2027 and full population coverage targeted for 2028. Governance & Oversight: GRECO reported mixed progress on Armenia’s anti-corruption recommendations, with only six of 22 implemented satisfactorily.