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TBILISI: Regional Bonds Market On The Horizon In The South Caucasus?

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  • TBILISI: Regional Bonds Market On The Horizon In The South Caucasus?

    REGIONAL BONDS MARKET ON THE HORIZON IN THE SOUTH CAUCASUS?
    By M. Alkhazashvili
    (Translated by Diana Dundua)

    The Messenger, Georgia
    June 8 2007

    Scandinavian exchange group OMX proposes establishing a regional
    securities market in the South Caucasus.

    During his visit to Yerevan, senior vice president of OMX's Corporate
    Development unit Henri Bergstrom stated that having a securities
    market in Armenia, Azerbaijan and Georgia would make it possible to
    create a regional securities market that would increase investors'
    and entrepreneurs' interest in the South Caucasus.

    OMX owns exchange markets in 7 countries of the world and its
    technology is on the exchange markets of more than 50 countries
    reports the news agency Regnum.

    According to Bergstrom, OMX already has experience in creating regional
    markets in the Baltic States.

    To develop a regional bonds market in the South Caucasian states
    including Armenia it would be important to introduce modern technology
    in the country.
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