Mon, 7 April
17.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

NASDAQ OMX Armenia supports broker companies

YEREVAN , November 8. /ARKA/. NASDAQ OMX Armenia supports local broker companies in their efforts to improve services, Armen Melikyan, director general of NASDAQ OMX Armenia Stock Exchange, said Friday in an interview with ARKA News Agency.

He said the stock exchange and the Central Bank of Armenia are implementing “Study Tour” joint program for local investment companies, banks and issuers.

The program implies sightseeing tours of various institutions of capital market in foreign countries.

Exchanges, depositories, market regulators, investment banks and broker companies and listed companies are among these institutions.

The program also gives chances to Armenian market players to establish business ties with foreign colleagues.

Under this program, representatives of Armenian investment companies and banks toured Vilnius and Tallinn in 2008 and 2009.

Melikyan thinks many companies in Armenia are attractive to foreign investors, but high-quality services are needed to attract them.

“Even having NASDAQ OMX brand, Armenia can’t attract investors without proper services.”

That is why Armenian investment companies should reconsider standards of their services, Melikyan said.

He think that is not enough in this situation to implement only Study Tour program.

“But most important is companies’ willingness to invest in own business. If they do it, they will have immense incomes and high profits later,” Melikyan said. M.V.-0—

spot_img

POPULAR

Armenia’s public debt increased by 6.2% at the end of 2024 – Finance Ministry

Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.

Armenian banks’ profits should be invested into various sectors- UBA head

Accumulated profits and funds of the banks should be directed to investments, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), in response to a question from ARKA news agency about forecasts for 2025 and the readiness of banks to contribute to the capital market development.

Fitch: Armenia plans to issue Eurobonds in the first quarter of 2025

Armenian authorities are planning to issue Eurobonds in the first quarter of 2025 to repay a $313 million Eurobond maturing in March 2025, Fitch Ratings said in a report.

 Inflation of 2.5% registered in Armenia in February

In February of this year, the 12-month inflation in Armenia's consumer market was 2.5%, according to a report by the National Statistical Committee (NSC) of Armenia.

Average annual exchange rate of Armenian dram to US dollar  projected at 402 drams in 2025 – EDB

The value of the Armenian dram will decrease slightly in 2025, and its average annual exchange rate to the US dollar is projected at 402 drams in 2025, according to the Eurasian Development Bank’s (EDB)   macroeconomic forecast for 2025-2027.

LATEST NEWS

spot_imgspot_imgspot_img