BANKING AND FINANCIAL SECTOR’S LABOR FAIR HELD IN ARMENIA FOR FIRST TIME

Noyan Tapan
April 11, 2008

YEREVAN, APRIL 11, NOYAN TAPAN. "We can make a revolutionary change in
formation of a knowledge-based economy in Armenia if the attitude of
society is changed, if we realize that the only way of becoming rich
in Armenia is that through knowledge rather than insolence. We should
start from ourselves and attach importance to knowledge bearers,"
the Armenian prime minister Tigran Sargsian said in his speech of
welcome during the Banking and Financial Sector’s Labor Fair held at
the Yerevan Marriott Hotel on April 11.

In his words, "illiterate and ill-bred people should not be allowed to
wield power in society. This is the guarantee that we will be able to
make changes in the educational system". T. Sargsian stated that the
problem of attaching importance to professionalism has been solved in
the Armenian banking system, where there is competition and demand
for intelligent experts. By the way, the salaries of high-ranking
managers in many Armenian banks are comparable with those of European
banks’ employees.

The RA minister of trade and economic development Nerses Yeritsian
underlined the importance of holding the fair in terms of balancing
the "productivity and salary". He announced that similar events will
be held in IT and tourism sectors this year. The RA deputy minister
of education and science Ara Avetisian in his turn pointed out the
significance of educational institutions’ orientation to the market
standards of employers.

The Banking and Financial Sector’s Labor Fair is being held for the
first time. It was organized by Yerevan State University’s (YSU)
Alumni and Career Center and YSU Union of Alumni NGO.

The state social security service of the RA ministry of labor and
social issues, the Armenian Stock Exchange (owner – NASDAQ OMX), nine
banks, two universal credit organizations, two audit and consulting
companies participated in the event.

Discussions on the subjects "The Development Challenges and Educational
Reforms of the Bankng and Financial Sector", "The Current Stage of
Development of Capital Market of Armenia" and "The Target Mortgage
Programs for the Youth" will be conducted during the fair.