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Armenia’s parliament has approved in the first reading a package of legislative amendments needed to establish the TRIPP company.

Globalinfo.az reports that 64 lawmakers voted in favour of the amendments, with no votes against and no abstentions; the opposition did not take part in the vote.

Once the bill is adopted in the first reading, it is proposed to organise its second-reading debate within 24 hours.

The bill proposes establishing permanent legislative regulation for companies set up under international treaties in which the state’s share is at least 25 percent.

According to the government’s assessment, the amendments will create the necessary legal basis for implementing the TRIPP project.

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