ARTUR JAVADYAN’S CANDIDACY FOR POSITION OF ARMENIAN CENTRAL BANK CHAIRMAN
APPROVED
2008-06-11 15:04:00
ArmInfo. Armenia Parliament approved the candidacy of the First Vice
Chairman of the Armenian Central Bank Artur Javadyan for the position
of Central Bank Chairman by 92 votes and 2 votes . Another 3 ballots
were recognized invalid.
In his speech, A. Javadyan said the key task of the CB is still
restriction of the rise of prices. Inflation in Armenia may first of
all affect the socially unsecured citizens, hinder economic growth and
accumulation of savings. He underlined that inflation is manageable
so far in the country but there is threat of its growing. He said
that earlier inflation pressures from international markets were
influencing mostly the aggregate demand, whereas now in the background
of growing international tariffs of fuel, foodstuffs and raw-materials,
inflation pressures are felt also from the aggregate supply. A.Javadyan
emphasized the development of insurance, exchange and mortgage lending
markets, creation of mortgage funds and drafting of a conception for
creation of All-Armenian Development Bank.
President of Armenia nominates Chairman of the CB submits the nominee
to the parliament. CB Chairman elected for 6 years. The position
had been vacant since April 2008 when Chairman Tigran Sargsyan was
appointed Prime Minister of Armenia. Artur Javadyan was born on 22
April 1964. He graduated from Yerevan Agricultural University. He
underwent several training courses in abroad. A. Javadyan headed a
commercial bank. He was a member of CB Council, and first Vice Chairman
of CB. A. Javadyan is Director of the Black Sea Trade &Development
Bank for Armenia. Married, has a daughter.