Foreign investors filling Armenian capital market

PanARMENIAN.Net - Armenia has the potential to develop the capital market, RA Minister of Economy said.



"Major enterprises can cast a glance at developing countries' market which doesn't suffer much from the global financial crisis," Nerses Yeritsyan said during "Capital Market in Armenia" conference.



"Capital Market is a mechanism of redistribution of income absence of which can be equaled to absence of tax legislation," he said.



The Minister also informed that the Armenian government has initiated introduction of corporate management rules in the Armenian public sector.



"Science-intensive economy is also a basis for development of capital market. If a potential market participant doesn't know where and how to sell goods, the market will never develop," Minister Yeritsyan said.