Armenian govt. in talks over pension funds management

Armenian govt. in talks over  pension funds management

PanARMENIAN.Net - Armenian government is in talks with a number of leading international companies over management of private pension funds, deputy minister of finance said.

As Vardan Aramyan told a press conference, Global Asset Management has already showed interest in Armenian capital market.

He voiced confidence for the first private pension funds to be established in Armenia in 2013, with Capital Asset Management investment company having voiced readiness to contribute to it.

Armenia will shift to mandatory funded pension system starting 2014.

 Top stories
That net balance was lower than 39% in June and the lowest since the Markit Global Business Outlook Survey began in 2009.
The project aimed to assist the country in improving financial management and efficiency of the government’s activity.
Australian PM Tony Abbott said leaders would discuss job creation, identifying tax cheats and strengthening the global economy.
This is the second in a series of three DPOs, supporting the government of Armenia in meeting its strategic objectives.
Partner news