YEREVAN, July 20, /ARKA/. On July 19, Foreign Minister of Armenia Ararat Mirzoyan, who is in Poland on an official visit, had a meeting with the Deputy Prime Minister of the country Jacek Sasin.
The interlocutors commended the development and existing dynamic of the interstate relations for 30 years since the establishment of the diplomatic relations, the Armenian Ministry of Foreign Affairs said.
It said Foreign Minister of Armenia underscored that Poland is one of the important European partners of Armenia.
Ararat Mirzoyan and Jacek Sasin discussed the prospects for the development of economic cooperation between the two countries, expressing readiness to make efforts towards the full realization of trade and economic potential, creation of investment opportunities and activation of business to business contacts.
Minister Mirzoyan noted that since 2018, the anti-corruption campaign, as well as reforms towards improving the business environment, have been widely implemented in Armenia, which creates good opportunities for the investors.
The sides emphasized the implementation of the agreement on the acquisition of about 65 percent of the shares of the Armenian Securities Exchange (AMX) by the Warsaw Stock Exchange (GPW), which will create new opportunities for cooperation in the capital market between Armenia and Poland.
The role of the Armenian-Polish Intergovernmental Commission of Economic Cooperation as an effective platform for discussing joint programs and outlining practical steps was highlighted. In this context, the interlocutors also emphasized mutual visits of business delegations and the holding of conferences.
GPW has acquired 65.03% of shares of the Armenia Securities Exchange (AMX) (967 shares in total). The Central Bank of Armenia maintains 25.02% of shares, and the remaining 9.95% are the AMX’s own shares. The value of the transaction is about AMD 873 million.
The Warsaw Stock Exchange Group (GPW Group) operates trading platforms for shares, Treasury and corporate bonds, derivatives, electricity and gas, and provides indices and benchmarks including WIBOR and WIBID. The index agent FTSE Russell classifies the Polish capital market as a Developed Market since 2018. The markets operated by the GPW Group are the biggest in Central and Eastern Europe. For more information, visit www.gpw.pl
At the end of May 2022, the market capitalization of 376 domestic companies listed on the Main Market was PLN 585.8 billion (EUR 128.0 billion), while the total market capitalization of 421 domestic and foreign companies listed on the Main Market was PLN 1,165.2 billion (EUR 254.6 billion).
Armenia Securities Exchange (AMX) is the only securities regulated market operator in Armenia. As an integrated exchange offering, AMX provides a full suite of services including listing, trading, clearing, information services and alternative market solutions. Currently 28 companies are listed in the AMX. -0-
