REGISTRATION PROCEDURES FOR BRAND NAMES OF BANKS, CREDIT INSTITUTIONS SIMPLIFIED IN ARMENIA

ARKA
Feb 12, 2009

YEREVAN, February 12. /ARKA/. At its sitting today the RA Government
approved draft amendments to the RA Law "On brand names".

RA Minister of Economy Nerses Yeritsyan reported that the amendments
are supposed to settle a number of problems.

The amendments are to regulate the procedure of preparing applications
for brand names for banks, credit, investment and insurance
organizations, as well as the order of submission, discussion and
registration.

At present the Central Bank of Armenia (CBA) is entitled to register
applications for brand names, which is not stipulated by the Law
"On brand names".

The law stipulates common procedures of registration of brand names
by the State Register, said the Minister.