  Karen Tamazyan: Armenian financial market holds development potential  August 27, 2010 - 13:28 AMTPanARMENIAN.Net - Armenian financial market has potential for development, according to Karen Tamazyan, head of the financial market development and currency management department at the RA Ministry of Finance. “The market will be more developed in 3-5 years thanks to creation of new financial and investment instruments,” Tamazyan told reporters on August 27. “If the Armenian parliament approves the bill on pension reform, new investments funds will be established.” He also noted that with introduction of compulsory financial defined contributions, financial market actors will get interested in new development trends.   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 |  Latest news Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year  German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year.Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan.Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan.Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |
