NASDAQ OMX ARMENIA TO PREPARE ISSUERS FOR PENSION FUNDS INFUSION

PanARMENIAN.Net
December 16, 2011 – 14:09 AMT

PanARMENIAN.Net – NASDAQ OMX Armenia stock exchange holds talks with
potential issuers to prepare them for pension funds infusion due to
the introduction and use of appropriate tools, exchange CEO Konstantin
Saroyan said.

Mr. Saroyan noted that no private stock exchange is presently
registered in Armenia, whereas several companies already develop
projects studying the Armenian market.

“2012 envisages preparing base for their operation,” he said,
stressing the plan to attract leading international operators with
years of experience in pension funds management.

According to Mr. Saroyan, rather strict legislation is operating in
the country stipulating high demands for pension funds management.

“The problem is availability of investment tools, with only state bonds
currently operating. We are cooperating with companies to provide an
alternative to these securities,” Mr. Saroyan said.

From: Emil Lazarian | Ararat NewsPress