NASDAQ OMX Armenia stock exchange holds talks with potential issuers to prepare them for pension funds infusion due to the introduction and use of appropriate tools, exchange CEO Konstantin Saroyan said.

Mr. Saroyan noted that no private stock exchange is presently registered in Armenia, whereas several companies already develop projects studying the Armenian market.

“2012 envisages preparing base for their operation,” he said, stressing the plan to attract leading international operators with years of experience in pension funds management.

According to Mr. Saroyan, rather strict legislation is operating in the country stipulating high demands for pension funds management.

“The problem is availability of investment tools, with only state bonds currently operating. We are cooperating with companies to provide an alternative to these securities,” Mr. Saroyan said.