PRESIDENT OF ARMENIA: FINANCIAL SYSTEM OF ARMENIA HAS REAL POTENTIAL FOR BECOMING FINANCIAL CENTER OF THE REGION

arminfo
2008-05-26 08:31:00

ArmInfo. The financial system of Armenia has real potential for
becoming the financial center of the region, President of Armenia Serzh
Sargsyan said during the 1st financial-banking conference in Dilijan.

"I believe that this is possible and we must do out best to make
this true".

"We are well aware of our capacities and our problems. So, we must
work to develop our capacities and to solve our problems. We must
actively adopt the best international experience and form stable
traditions on our financial market," Sargsyan said.

In this light, he welcomed the entry of OMX in Armenia and said that
this tendency had to be continued.

Prime Minister of Armenia Tigran Sargsyan, Vice Chairman of the
Central Bank of Armenia Artur Javadyan and the heads of the key
financial institutions of Armenia took part in the conference.

The objective of the conference is to specify the key priorities of
the financial-banking system of Armenia and its role in the country’s
development programs.