Armenian capital market underdevelopment protects it from severe impact of economic crisisMarch 10, 2009 - 21:47 AMT PanARMENIAN.Net - Although the global financial crisis affected all economy sectors, it doesn't mean that investors will stop looking for new markets. Underdevelopment of the Armenian capital market protects it from the severe impact of economic crisis. Under the circumstances, the Armenian government, Central Bank and NASDAX OMX Armenia stock exchange launched an initial public offering (IPO). "Successful initial public offering will bring new participants to the capital market. 200 people have already signed for purchase of shares of Artsakh hydropower plant to the amount of AMD 150 million," NASDAX OMX director Armen Melikyan told a news conference today. "The risk is minimal. All advantages and disadvantages will be taken into account by other companies, which will come to the capital market," he said. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |