More Than 40 Armenian Companies Receive Rating From CBA


Noyan Tapan
Jul 30, 2007

YEREVAN, JULY 30, NOYAN TAPAN. At present more than 40 Armenian
enterprises have received a rating from the Central Bank of Armenia
(CBA). Many of them have expressed willingness to enter the financial
market with their own securities. Tigran Sargsian, the Chairman of
the Central Bank of Armenia, said this at the July 27 event dedicated
to the distribution of the Valetta company’s bonds.

He reminded that CBA implements the development programs of the RA
Securities Market by cooperating with the OMX AB Swedish-Finnish
company of financial services. That company has given a consent to
purchase the Armenian Stock Exchange and the RA Central Depository.

According to T. Sargsian, the full formation of the RA securities
market will last for 10 years. It is envisaged that the annual
circulation of the Armenian Securities Market at the end of the second
year of OMX program’s implementation will make 500m USD and at the
end of the fifth year 5b USD.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS