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Nasdaq Omx Armenia To Prepare Issuers For Pension Funds Infusion

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  • Nasdaq Omx Armenia To Prepare Issuers For Pension Funds Infusion

    NASDAQ OMX ARMENIA TO PREPARE ISSUERS FOR PENSION FUNDS INFUSION

    PanARMENIAN.Net
    December 16, 2011 - 14:09 AMT

    PanARMENIAN.Net - NASDAQ OMX Armenia stock exchange holds talks with
    potential issuers to prepare them for pension funds infusion due to
    the introduction and use of appropriate tools, exchange CEO Konstantin
    Saroyan said.

    Mr. Saroyan noted that no private stock exchange is presently
    registered in Armenia, whereas several companies already develop
    projects studying the Armenian market.

    "2012 envisages preparing base for their operation," he said,
    stressing the plan to attract leading international operators with
    years of experience in pension funds management.

    According to Mr. Saroyan, rather strict legislation is operating in
    the country stipulating high demands for pension funds management.

    "The problem is availability of investment tools, with only state bonds
    currently operating. We are cooperating with companies to provide an
    alternative to these securities," Mr. Saroyan said.



    From: Emil Lazarian | Ararat NewsPress
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