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  • Companies Give Positive Assessments To The Prospects Of Entering The

    COMPANIES GIVE POSITIVE ASSESSMENTS TO THE PROSPECTS OF ENTERING THE ARMENIAN MARKET OF CAPITAL

    Mediamax News Agency, Armenia
    June 6 2007

    Yerevan, June 6 /Mediamax/. The results of a few companies' entrance
    to the Armenian market of capital may become a catching example
    for others.

    Mediamax reports that the Chairman of the Central Bank of Armenia
    Tigran Sarkisian said this in Yerevan today, speaking during the
    "Development Prospects of Armenian Market of Capital" round-table.

    According to him, once 5 large companies enter the market of capital,
    the others may wish to transform into joint-stock companies.

    The General Director of "ArmRosGazprom" CJSC Karen Karapetian noted
    that the Swedish OMS Group chose the right time to enter the Armenian
    market of capital.

    "We are interested in the prospect of cooperation with OMX; we have
    held discussions with them. In the nearest future, "ArmRosGazprom"
    will start issuing the first bonds, which have good chances to become
    reliable and liquid securities", Karen Karapetian stated.

    According to the founder of "Sil" Concern Khachatur Sukiasian, at
    the initial stage of formation of the Armenian market, a decisive
    role may be played by the Armenian Diaspora, providing inflow of
    capital to the country. He stressed that the formation of the market
    of securities is very important from the point of view of reformation
    of the pension system as well.

    The industrial sector of "Sil" Concern is ready for cooperation with
    various financial structures and, in particular, with OMX, Khachatur
    Sukiasian stressed.

    The Director of Armenian Copper Programme (ACP) Company Gagik
    Arzumanian voiced hope that the initiative on reanimation of the
    Armenian market of capital will be a success.
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