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.