  No sense in implementing new financial tools in ArmeniaNovember 23, 2009 - 14:42 AMT PanARMENIAN.Net - There's no sense in implementing new financial tools in Armenia, according to Aram Kayfajyan, Director General of Armenbrok Investment Brokerage and Consulting Company "The republic doesn't need such complicated instruments as hedging or futures at this point of time," Mr. Kayfajyan told a PanARMENIAN.Net �reporter. "The work with stocks and bonds, as more available financial instruments, should be intensified." He also informed that no new emission is planned on Armenia's equity market till the yearend. Armenbrok OJSC is Armenia based leading investment brokerage and consulting company, providing its customers with full range of financial and investment services in the Armenian financial market. Since its establishment in 1995, Armenbrok has put its best efforts to open as many doors as possible to individual and institutional investors and companies so that it would be in their best interest to invest in securities of reputable Armenian companies. In the securities brokerage in Armenia, Armenbrok has reached one of the leading positions, providing its customers opportunities to invest in liquid Armenian stocks.   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 |  Related sections Latest news Putin congratulates Pashinyan’s birthday  Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1.Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri.Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament.Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |
