NASDAQ OMX Armenia Director: The crisis will be mitigated by the end of the yearMarch 10, 2009 - 16:18 AMT PanARMENIAN.Net - "Economy sector representatives will participate in Armenian capital market development," NASDAQ OMX Armenia Director Armen Melikyan told a news conference on Tuesday. According to Melikyan's optimistic forecasts, the crisis will be mitigated by the end of the year, to enable market entrance for potential issuers. "We'll need time and awareness level increase. For itself, the Armenian stock market will show assistance and the companies will need to provide transparency and publicity in their activities.""We're planning for one more company to receive IPO by the end of the year, so that the capital market will get a stimulus for further development. Armenia has a great IPO implementation potential in heavy and light industry, communication sphere, food sector," Melikyan emphasized. 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |