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President: Armenian Financial System Able To Transform To Regional F

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  • President: Armenian Financial System Able To Transform To Regional F

    PRESIDENT: ARMENIAN FINANCIAL SYSTEM ABLE TO TRANSFORM TO REGIONAL FINANCIAL CENTER

    ARKA
    May 26, 2008

    YEREVAN, May 26. /ARKA/. Armenian financial system has real potential
    for transforming to a regional financial center, said Armenian
    President Serge Sargsian at the financial and banking conference held
    in Armenian resort town of Dilijan.

    The President expressed belief that this idea should guide the
    government work in the next few years.

    The authorities are well aware of the advantages on this way, but
    they know also the problems and the obstacles, Sargsian said adding
    that the government will aim at strengthening the advantages and
    intensely attracting any world innovations to Armenia.

    Sargsian pointed out the intention of the authorities to seek for
    international contribution and establish stable trends on Armenia's
    financial markets and expressed his positive attitude toward OMX
    Scandinavian exchange operator's coming to Armenia. "We should continue
    taking similar efficient steps in this direction," the President said.

    The first financial and banking conference in Dilijan was organized by
    the Union of Banks of Armenia and was attended by Armenian President
    Serge Sargsian and the Premier Tigran Sargsian. The aim of the
    conference was to ascertain main directions of further development in
    Armenian financial and banking system and its role in the country's
    development.
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