Tuesday, March 14 2023 17:53
Alina Hovhannisyan

Martin Galstyan: Armenia Securities Exchange is currently in process  of forming new board and strategy

Martin Galstyan: Armenia Securities Exchange is currently in process  of forming new board and strategy

ArmInfo.Governorof the Central Bank of the Republic of Armenia Martin Galstyan left the board of the Board of the AMX|Armenia Securities Exchange. He announced this on March 14 during a press conference.

At the same time, the head of the Central Bank noted that the  processes are going on as usual. At this stage, as Galstyan further  stressed, one should not expect major changes in the capital market  of Armenia. He explained that the process of forming a new Board of  the AMX is currently underway, after which a development strategy  will be developed and adopted.

"We are creating opportunities in the form of financial  infrastructure. And companies, for their part, should initiate IPO  implementation tools for selling bonds. In particular, the Central  Bank, together with the Warsaw Stock Exchange, will create  infrastructures that will allow companies to enter IPO," Martin  Galstyan said.  

In the summer of 2022,  Governor of the Central Bank of Armenia  Martin Galstyan and President of the Management Board of the Warsaw Stock Exchange (WFA) Marek Dietl signed the main agreement, whereby  WFA acquired 65.03% (967 shares) of the Armenia Securities Exchange.