News - Deputy economy minister: Emphasis in Armenia should be gradually shifted from classical forms of funding

The state should develop support measures in order to develop the capital market and gradually shift the emphasis from the classical forms of funding, which are currently used by market participants, to the possibility of providing funding by the capital market. Narek Teryan, Deputy Minister of Economy of Armenia, said this at the Investment and Financial Forum on Tuesday. Teryan noted that it is too early to talk about a mass movement towards the development of the capital market because there is still a long way to go. He noted that companies in Armenia draw funds using classic tools: bank lending, or engaging partners. "In this regard, we see the need to create conditions for the development of the capital market. It is no less important to strengthen investors' confidence in the capital market, which is an important factor for attracting funding," the Armenian official added. According to him, increasing the level of trust will contribute to increasing the transparency and availability of reliable information, as well as establishing long-term cooperation. "It is important that companies that are ready to enter the capital market and that will create a quality corporate management system enter it. We plan to introduce assistance programs for the entry into the stock market of companies that are carrying out activities in promising branches for the country. It is also important to raise the level of education among the population, in the capital market domain," Narek Teryan concluded.