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Opinion: Armenia's Economic Policy Attracts Big World Players To Cou

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  • Opinion: Armenia's Economic Policy Attracts Big World Players To Cou

    OPINION: ARMENIA'S ECONOMIC POLICY ATTRACTS BIG WORLD PLAYERS TO COUNTRY FOR RECENT SIX YEARS

    ARKA
    April 2, 2008

    YEREVAN, April 2. /ARKA/. Gagik Minasyan, Republican MP and chairman of
    Armenian National Assembly's standing financial committee, commenting
    Wednesday on appearance of foreign companies at Armenian banking
    market, said Armenia's economic policy has attracted big world players
    to the country for recent six years.

    22 banks and 347 branches function in Armenia now. HSBC, European
    Bank for Reconstruction and Development< International Financial
    Corporation, Russian VTB Group, French ACBA-Credit Agricole, Kazakh
    BTA Bank, American Cascade Holding and Iranian Mellat Bank have
    entered Armenian market for the last decade.

    Troyka Dialogue with its TDA Holding Limited, Lebanese BIBLOS BANK,
    Russian Gasprombank, ProCredit Holding AG and KfW came to Armenia in
    2007 alone.

    Swedish OMX has bough 100% of Armenian Stock Exchange's and Armenian
    Central Depository's shares.

    Minasyan views their appearance in Armenia as convincing evidence of
    their confidence in this country.

    He stressed the importance of OMX activities and said every effort
    will be made to create political stability and favorable environment
    for investing in the country.
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