Sun, 27 July
24.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

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

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Viva Armenia CJSC bonds listed on Armenia Stock Exchange

The Armenia Stock Exchange (AMX) is pleased to welcome another major company to the capital market. Viva Armenia CJSC’s USD-denominated bonds will be listed on the Armenia Stock Exchange starting from 15 July.

 Law on Cryptoassets enters into force in Armenia

The Law on Cryptoassets entered into force on July 4, 2025, the press service of the Central Bank of Armenia reports.

LATEST NEWS

spot_imgspot_imgspot_img