FINANCIAL SYSTEM MUST STIMULATE EQUAL DEVELOPMENT OF ARMENIAN REGIONS: ARMENIAN PRESIDENT

ARKA
May 26, 2008

YEREVAN, May 26. /ARKA/. Armenian financial system should become
one of the key factors accounting for the fulfilment of a task which
Armenian government has placed among its priority goals – the equal
development of all the regions of the country.

Armenian President Serge Sargsyan made this statement speaking at
the first financial and banking conference in the resort town of
Dilijan, Armenia.

The country will never achieve serious results unless its economic
growth applies to each citizen, the president believes.

"We all love Yerevan, but Armenia is not Yerevan alone. Business
activity should go beyond the capital, otherwise, we will never
achieve our equal development goal," Sargsyan said.

The president, prime minister and Central Bank vice-chairman visited
the construction site of a new building to house the educational
centre of Armenian Stock Exchange and Central Bank.

The conference was organized by the Union of Armenian Banks. It
was also attended by the key players of the financial and banking
sectors. The objective of the conference was to specify the priority
steps aimed at the development of the banking and financial sectors,
and its role in the country’s general development programs.