Sun, 20 April
13.1 C
Yerevan
USD: 390.90 RUB: 4.79 EUR: 444.61 GEL: 142.30 GBP: 519.04
spot_img

Minister: Armenia’s financial market is small, but it has good development opportunities

YEREVAN, June 23. /ARKA/. Speaking at a panel discussion on the financial market of Armenia within the frameworks of a CIS Bonds (CBonds) conference in Yerevan today, Armenian Minister of Economy Vahan Kerobyan detailed the steps taken by the government to develop this market and attract finances.

“Armenia’s financial market is small, but it has good opportunities for development. After 2018, when the system of government changed, Armenia took the path of democratic development, making running profitable business here very feasible,’ the minister said.

He said the Armenian government is carrying out continuous reforms to make the country more attractive, to bring new investments and develop the financial sector.

Cbonds, the leading information resource on Russian and CIS financial markets, is holding the annual conference in Yerevan June 23-24.

The 2-day discussions will focus on forecasts and scenarios of macro analysts, new opportunities in CIS debt markets, and settlements in national currencies of CIS, EEU and Middle East countries. -0-

spot_img

POPULAR

Ranking of biggest profit-gainers among Armenia’s banks for Jan-Sept 2019

ARKA News Agency has released the ranking of the biggest profit-gainers among Armenia's commercial banks for Jan-Sept 2019. The Armenian banking sector's aggregate net profit for Jan-Sept 2019 amounted to AMD 60.9 billion against the AMD 51.7 billion of the same period a year before showing a 18% year-on-year growth. All the 17 banks of the country operated with profits

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Acba Bank donates amd 130 million to Military Insurance Fund (video)

Acba bank and other members of the financial group - ACBA Leasing and Amundi-ACBA - have donated more than AMD 130 million to Armenia's Military Insurance Fund in recent months, the press service of the bank reported

S&P reaffirms Armenia’s sovereign credit ratings with stable outlook

On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained its "stable" outlook for the country.

LATEST NEWS

spot_imgspot_imgspot_img