ARMENIA’S GOVERNMENT BOND MARKET NOT SUBJECT TO SERIOUS SHOCKS AS RESULT OF POLITICAL DEVELOPMENTS

ARKA News Agency, Armenia
Dec 14 2006

YEREVAN, December 13. /ARKA/. Armenia’s government bond market is
not subject to any serious shocks resultant from domestic and foreign
policy problems.

Head of the National Debt Management Department, RA Ministry of Finance
and Economy, Arshaluis Margaryan expressed hope that all the potential
investors have been convinced that consistent policy is implemented
in this segment.

In this context, Margaryan stressed that the Government is implementing
a balanced policy to improve mutually advantageous cooperation.

Short-term, medium- and long-term government coupon bonds are currently
issued in Armenia.

On January 16, 2007, government savings bonds will first be issued
for the population.