Electric Networks of Armenia (ENA) Arbitration: Armenia’s bid to split the Stockholm case with Liormand Holdings and the Karapetyans has been granted, moving first to jurisdiction questions; ENA’s control committee warns any direct nationalization could clash with prior tribunal decisions. EU Trade Shield: The EU is preparing emergency and “autonomous” trade measures to cut tariffs on Armenian food and farm exports after Russian import bans, with an estimated €420m annual scope plus a separate €50m support package. Health Reform: The universal health insurance system is set to become “irreversible,” expanding by income and employment groups and becoming mandatory for everyone from Jan 1, 2028. Banking Tax Change: Armenia is discussing a dividend tax shift for commercial bank shareholders—15% on dividends instead of 5%—aimed at raising revenue without pressuring banks’ lending. Macroeconomy: Inflation eased to 4.2% in May (from 5.3% in April) on lower food prices, while the World Bank says the Middle East conflict hasn’t yet materially hit Armenia’s activity. Politics & Justice: The CEC approved lifting Robert Kocharyan’s immunity for alleged abuse of office and money laundering; separately, the prosecutor’s office moved on other election-related cases. Displaced Housing: Certificates for home purchases under the Karabakh-displacement program reached 6,444 families by May 31, with 2,970 already buying homes.