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Foreign Investors Filling Armenian Capital Market

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  • Foreign Investors Filling Armenian Capital Market

    FOREIGN INVESTORS FILLING ARMENIAN CAPITAL MARKET

    PanARMENIAN.Net
    27.02.2009 15:34 GMT+04:00

    /PanARMENIAN.Net/ Armenia has the potential to develop the capital
    market, RA Minister of Economy said.

    "Major enterprises can cast a glance at developing countries' market
    which doesn't suffer much from the global financial crisis," Nerses
    Yeritsyan said during "Capital Market in Armenia" conference.

    "Capital Market is a mechanism of redistribution of income absence
    of which can be equaled to absence of tax legislation," he said.

    The Minister also informed that the Armenian government has initiated
    introduction of corporate management rules in the Armenian public
    sector.

    "Science-intensive economy is also a basis for development of capital
    market. If a potential market participant doesn't know where and how
    to sell goods, the market will never develop," Minister Yeritsyan said.
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