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EXPERT: DEVELOPMENT OF ARMENIA'S BRANDING IS OF KEEN IMPORTANCE FOR MAKING IT REGIONAL FINANCIAL CENTER
PanARMENIAN.Net
October 18, 2010 - 20:10 AMT 15:10 GMT
The issue of turning Armenia into a regional financial center is
discussed during all-Armenian conference of bankers and financiers
organized by the Armenian Ministry of Diaspora jointly with the CBA
and Union of Banks of Armenia.
A Russian expert shared his opinion on the matter with journalists,
saying that similar discussions are held also in Moscow.
According to him, Singapore's and Hong Kong's experience should be
studied, as they are financial centers of their regions. "And what
is done in Russia and, partially, Armenia? First, we declare and then
think of further steps. However, actions should be first," he said.
As for shortages that can have impact on turning Armenia into a
financial center, the expert said that attitude towards Armenia - its
positioning, including branding - is of keen importance. "There is a
legislative field, market infrastructure and stock exchange. However,
the base of professional services for those companies, which will
arrive here for listing, is weak in Armenia," the expert said.
From: A. Papazian
PanARMENIAN.Net
October 18, 2010 - 20:10 AMT 15:10 GMT
The issue of turning Armenia into a regional financial center is
discussed during all-Armenian conference of bankers and financiers
organized by the Armenian Ministry of Diaspora jointly with the CBA
and Union of Banks of Armenia.
A Russian expert shared his opinion on the matter with journalists,
saying that similar discussions are held also in Moscow.
According to him, Singapore's and Hong Kong's experience should be
studied, as they are financial centers of their regions. "And what
is done in Russia and, partially, Armenia? First, we declare and then
think of further steps. However, actions should be first," he said.
As for shortages that can have impact on turning Armenia into a
financial center, the expert said that attitude towards Armenia - its
positioning, including branding - is of keen importance. "There is a
legislative field, market infrastructure and stock exchange. However,
the base of professional services for those companies, which will
arrive here for listing, is weak in Armenia," the expert said.
From: A. Papazian