President: Armenian Financial System Able to Transform to Regional Financial Center

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Economy

27.05.2008, 00:32

Armenian financial system has real potential for transforming to a regional financial center, said Armenian President Serge Sargsian at the financial and banking conference held in Armenian resort town of Dilijan.

YEREVAN, May 26. /ARKA/. Armenian financial system has real potential for transforming to a regional financial center, said Armenian President Serge Sargsian at the financial and banking conference held in Armenian resort town of Dilijan.

The President expressed belief that this idea should guide the government work in the next few years.

The authorities are well aware of the advantages on this way, but they know also the problems and the obstacles, Sargsian said adding that the government will aim at strengthening the advantages and intensely attracting any world innovations to Armenia.

Sargsian pointed out the intention of the authorities to seek for international contribution and establish stable trends on Armenia’s financial markets and expressed his positive attitude toward OMX Scandinavian exchange operator’s coming to Armenia. “We should continue taking similar efficient steps in this direction,” the President said.

The first financial and banking conference in Dilijan was organized by the Union of Banks of Armenia and was attended by Armenian President Serge Sargsian and the Premier Tigran Sargsian. The aim of the conference was to ascertain main directions of further development in Armenian financial and banking system and its role in the country’s development.—0--

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