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Financial System Must Stimulate Equal Development Of Armenian Region

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  • Financial System Must Stimulate Equal Development Of Armenian Region

    FINANCIAL SYSTEM MUST STIMULATE EQUAL DEVELOPMENT OF ARMENIAN REGIONS: ARMENIAN PRESIDENT

    ARKA
    May 26, 2008

    YEREVAN, May 26. /ARKA/. Armenian financial system should become
    one of the key factors accounting for the fulfilment of a task which
    Armenian government has placed among its priority goals - the equal
    development of all the regions of the country.

    Armenian President Serge Sargsyan made this statement speaking at
    the first financial and banking conference in the resort town of
    Dilijan, Armenia.

    The country will never achieve serious results unless its economic
    growth applies to each citizen, the president believes.

    "We all love Yerevan, but Armenia is not Yerevan alone. Business
    activity should go beyond the capital, otherwise, we will never
    achieve our equal development goal," Sargsyan said.

    The president, prime minister and Central Bank vice-chairman visited
    the construction site of a new building to house the educational
    centre of Armenian Stock Exchange and Central Bank.

    The conference was organized by the Union of Armenian Banks. It
    was also attended by the key players of the financial and banking
    sectors. The objective of the conference was to specify the priority
    steps aimed at the development of the banking and financial sectors,
    and its role in the country's general development programs.
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