// IP Marketing video - START// IP Marketing video - END

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
He said that his government would also focus on fighting corruption and "eliminating all barriers that impede business from developing".
“We have a simple problem:we prepare 400-500 specialists each year, while there is demand for 2000 professionals," he said.
At Shirak airport in the northern Armenian town of Gyumri, traffic soared by 150% in the reporting period against 2016.
“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
Partner news