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UNION OF ARMENIAN BANKS: HONG KONG AND SHANGHAI MARKETS ARE OF INTEREST FOR ARMENIA
/ARKA/
FEBRUARY 21, 2012
YEREVAN
YEREVAN, February 21. /ARKA/. Armenia considers the opportunities of
cooperation with Hong Kong and Shanghai markets, said the Chairman
of the Union of Banks Ashot Osipyan.
Armenian banks seek opportunities of cooperation in such markets
as Hong Kong and Shanghai which are of interest for the country",
he said Tuesday in the press-conference.
Speaking about the situation in global economy in the context of
crisis, Osipyan said that the world has already entered the second
wave of crisis. However, he refrained from making any predictions,
saying that international community is waiting to resolve the situation
with Greece and China.
"We see a delay in the economy of China which is mainly related to
the termination of construction. It has a large share in GDP in the
country", he said.
If there occur any difficulties in European Union, European markets
will be closed for Armenia, but the Armenian banks are considering
opportunities to work also with Asian banks.
Today, the situation in the U.S. economy is better than in Europe,
and by the end of the year any shocks are not expected there.
The fate of euro, in his opinion, today is very difficult to predict.
"At present, the most discussed topic is the situation with euro. I
do not think that euro will remain as strong as it is today, but as
a unit of currency -will remain", considers Osipyan.
From: A. Papazian
/ARKA/
FEBRUARY 21, 2012
YEREVAN
YEREVAN, February 21. /ARKA/. Armenia considers the opportunities of
cooperation with Hong Kong and Shanghai markets, said the Chairman
of the Union of Banks Ashot Osipyan.
Armenian banks seek opportunities of cooperation in such markets
as Hong Kong and Shanghai which are of interest for the country",
he said Tuesday in the press-conference.
Speaking about the situation in global economy in the context of
crisis, Osipyan said that the world has already entered the second
wave of crisis. However, he refrained from making any predictions,
saying that international community is waiting to resolve the situation
with Greece and China.
"We see a delay in the economy of China which is mainly related to
the termination of construction. It has a large share in GDP in the
country", he said.
If there occur any difficulties in European Union, European markets
will be closed for Armenia, but the Armenian banks are considering
opportunities to work also with Asian banks.
Today, the situation in the U.S. economy is better than in Europe,
and by the end of the year any shocks are not expected there.
The fate of euro, in his opinion, today is very difficult to predict.
"At present, the most discussed topic is the situation with euro. I
do not think that euro will remain as strong as it is today, but as
a unit of currency -will remain", considers Osipyan.
From: A. Papazian