YEREVAN, September 11. /ARKA/. Armenia’s economy has undergone significant transformation in recent years, supported by growth in technology, financial services, entrepreneurship, and investor interest. This progress, together with a stable and well-regulated financial system, is creating a strong foundation for the further development of the country’s capital market.
Speaking at the “INVESTMENT PERSPECTIVES 2026” forum in Yerevan, Cube Invest CEO Mikayel Margaryan highlighted the significant untapped potential of Armenia’s capital market and the opportunity to bring its development closer in line with the country’s broader economic progress.
“Our economy is small, but rapidly transforming. Our technology sector is internationally advanced. The banking and financial systems are generally stable and very well regulated. At the same time, the depth of the capital market still lags behind the real potential of our economy,” Margaryan said at the “INVESTMENT PERSPECTIVES 2026” forum in Yerevan.
According to him, this gap must be closed through consistent efforts. Margaryan noted that the capital market is an important link in transforming savings into investments, and investments into economic development.
“Without this link, companies grow more slowly, investors choose from a more limited set of instruments, and the economy continues to depend primarily on a single source of financing,” he said.
At the same time, Margaryan emphasized that capital market development cannot be achieved by a single entity and requires the formation of a comprehensive ecosystem.
According to him, this ecosystem must include a regulator that fosters trust, a government that prioritizes the role of the market, a developing exchange, prepared investors, and issuers willing to become more transparent and public.
