Karen Tamazyan: Armenian financial market holds development potentia

Karen Tamazyan: Armenian financial market holds development potential

August 27, 2010 – 13:28 AMT 08:28 GMT
PanARMENIAN.Net –

Armenian financial market has potential for development, according to
Karen Tamazyan, head of the financial market development and currency
management department at the RA Ministry of Finance.

`The market will be more developed in 3-5 years thanks to creation of
new financial and investment instruments,’ Tamazyan told reporters on
August 27. `If the Armenian parliament approves the bill on pension
reform, new investments funds will be established.’

He also noted that with introduction of compulsory financial defined
contributions, financial market actors will get interested in new
development trends.

From: A. Papazian

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