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NASDAQ OMX Armenia Director: The crisis will be mitigated

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  • NASDAQ OMX Armenia Director: The crisis will be mitigated

    PanARMENIAN.Net

    NASDAQ OMX Armenia Director: The crisis will be mitigated by the end
    of the year
    10.03.2009 16:18 GMT+04:00

    /PanARMENIAN.Net/ `Economy sector representatives will participate in
    Armenian capital market development,' NASDAQ OMX Armenia Director
    Armen Melikyan told a news conference on Tuesday. According to
    Melikyan's optimistic forecasts, the crisis will be mitigated by the
    end of the year, to enable market entrance for potential
    issuers. `We'll need time and awareness level increase. For itself,
    the Armenian stock market will show assistance and the companies will
    need to provide transparency and publicity in their activities.'

    `We're planning for one more company to receive IPO by the end of the
    year, so that the capital market will get a stimulus for further
    development. Armenia has a great IPO implementation potential in heavy
    and light industry, communication sphere, food sector,' Melikyan
    emphasized.
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