FOREIGN COMPANY PLANS TO OPEN PENSION FUND IN KARABAKH – CBA CHAIRMAN
September 11, 2013 | 19:32
YEREVAN. – One of the foreign companies is ready to open a private
pension fund in Nagorno-Karabakh, Central Bank of Armenia (CBA)
chairman said.
“It is too early to name the company, but we will inform about it in
the near future,” Arthur Javadyan told Armenian News-NEWS.am.
Foreign companies’ participation in private pension funds in Armenia
is compulsory. According to the regulations of the Central Bank, the
pension fund management company must have at least one international
shareholder.
An accumulated pension system will come into effect in Armenia from
January 1, 2014.
News from Armenia – NEWS.am
From: A. Papazian
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