Armenian capital market underdevelopment protects it from severe impact of economic crisisMarch 10, 2009 - 21:47 AMT PanARMENIAN.Net - Although the global financial crisis affected all economy sectors, it doesn't mean that investors will stop looking for new markets. Underdevelopment of the Armenian capital market protects it from the severe impact of economic crisis. Under the circumstances, the Armenian government, Central Bank and NASDAX OMX Armenia stock exchange launched an initial public offering (IPO). "Successful initial public offering will bring new participants to the capital market. 200 people have already signed for purchase of shares of Artsakh hydropower plant to the amount of AMD 150 million," NASDAX OMX director Armen Melikyan told a news conference today. "The risk is minimal. All advantages and disadvantages will be taken into account by other companies, which will come to the capital market," he said. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. Baku: EU, U.S. share responsibility for Armenia’s “destabilizing actions” Azerbaijan has declared that the European Union and the United States will share responsibility for any destabilizing actions of Armenia Armenia to sing in 2nd semi-final of Eurovision The organizers of Eurovision 2024 have revealed the running order of the countries in the two semi-finals. Azerbaijan accuses Armenia of arming Karabakh after 2020 Azerbaijan has accused Armenia of “illegally transported ammunition” to Nagorno-Karabakh after the November 9 statement. |