Video: Romanos Petrosyan on the Nationalization of 100% Shares of Hez

“The government is steadily moving towards the nationalization of Hez. Soon, 100% of the shares will irrevocably become state property in accordance with the law and the supremacy of rights, as established by the Constitution and legislation,” said Romanos Petrosyan, the interim manager of Hez, in an interview with News.

When asked how much the state is offering the owner and how much Hez's capital has been assessed, Petrosyan replied, “As long as the owners or the authorized state body making the offer do not disclose that figure, I am not authorized to reveal it.”

“Armenia has regained its resilience and is returning what was taken from it in due time,” Petrosyan stated.

For more details, watch the video.