The expert thinks that implementation of a compulsory civil
liability motor-vehicle insurance and the pension reform will assure
inflow of vital long-term financial resources, after which the
capital market in Armenia will start working beginning with
2013-2014, with appearance of new financial instruments in it.
When speaking of appearance of new issuers in the market in 2010, T.
Karapetyan said no public placements should be expected in the
current year. However, he did not rule out a possibility of emission
of corporate bonds with closed placement, which are intended for a
narrow customer circle.
To note, corporate bonds of 8 issuers and shares of 11 issuers are
currently quoted at NASDAQ OMX Armenia. The essentially organized
securities market of Armenia is experiencing stagnation.
