PRESIDENT: ARMENIAN FINANCIAL SYSTEM ABLE TO TRANSFORM TO REGIONAL FINANCIAL CENTER
May 26, 2008
YEREVAN, May 26. /ARKA/. Armenian financial system has real potential
for transforming to a regional financial center, said Armenian
President Serge Sargsian at the financial and banking conference held
in Armenian resort town of Dilijan.
The President expressed belief that this idea should guide the
government work in the next few years.
The authorities are well aware of the advantages on this way, but
they know also the problems and the obstacles, Sargsian said adding
that the government will aim at strengthening the advantages and
intensely attracting any world innovations to Armenia.
Sargsian pointed out the intention of the authorities to seek for
international contribution and establish stable trends on Armenia’s
financial markets and expressed his positive attitude toward OMX
Scandinavian exchange operator’s coming to Armenia. "We should continue
taking similar efficient steps in this direction," the President said.
The first financial and banking conference in Dilijan was organized by
the Union of Banks of Armenia and was attended by Armenian President
Serge Sargsian and the Premier Tigran Sargsian. The aim of the
conference was to ascertain main directions of further development in
Armenian financial and banking system and its role in the country’s