LET’S BUILD ARMENIAN CAPITAL MARKET BY RUSSIA’S PROMOTION
Support A1+!Based on his personal convictions, Edvard Sandoyan, former Finance and Economy Minister as well as the present head of the Stock Exchange prefers to build the capital market of Armenia by Russia’s support.
“Besides the fact Russia is closer to Armenia in market, political, moral and psychological, social and historical aspects, Russian stocks cause huge interest all over the world. I think Russia’s market has great future and it will be wise of us to join that field as soon as possible”
For that purpose Collaboration contract was concluded between the leaders of Armenia’s Stock Exchange and Moscow Midbank Exchange 6 days ago . Edvard Sandoyan is sure Russian companies’ shares will be accessible in the Armenian market and the Armenian ones in the Russian one, which is much more important for Armenia. Edvard Sandoyan doesn’t accept the apprehension that the contract was signed between the companies of various “weight” and that Armenia’s Exchange will become the branch of Russia’s one and not the partner as a result.
He avoids to assess Armenia’s Stock Exchange work in the meantime. It is just stated the sharp growth of bargain volume in that sphere will be regarded as a fantastic phenomenon, everything depends on economy in the capital market and volume of deals in the Exchange is not big
