Shares and bonds are the main instruments for development of Armenia's financial market - expert

YEREVAN, February 19. /ARKA/. At the current stage, the main instruments for the development of Armenia's financial market are shares and bonds, Armen Hovhannisyan, Director of investment banking at Dimension Investments, said in an exclusive interview with ARKA news agency.

“There may be more complicated instruments, but at the initial stage, these are the ones,” he said.

Speaking about the investment climate in the country, he noted that there have been significant changes towards improvement over the past 5-8 years.

“The authorities are taking certain steps, using appropriate tools. This is often criticized, but, in general, the goals and direction are correct. The government is doing its part of the work, there is a good base of experts, but I am mainly talking about market participants who have become more aware of the tasks that need to be solved,” he explained.

Asked what are the main barriers to the development of Armenia's capital market, Hovhannisyan said that financial market participants should act more boldly and actively.

“Just this. You can list a lot of secondary issues, but the primary one is this - the desire and will to activate activities in the market,” he added.

The full interview can be read at this link. -0-