Monday, October 30 2023 15:59
Alexandr Avanesov

Information Systems Agency is planned to be established in Armenia -  CB Governor

Information Systems Agency is planned to be established in Armenia -  CB Governor

ArmInfo. It is planned to establish an Information Systems Agency in Armenia. Governor of the  Central Bank of the Republic of Armenia Martin Galstyan announced on October 30 at a parliamentary committee hearing on the 2024 budget.

According to him, this project is being implemented with the joint  participation of the government and the Central Bank. In the near  future, a package of legislative initiatives aimed at regulating the  activities of the Agency will be submitted to the National Assembly  of the Republic of Armenia.

Galstyan expressed hope that after the package is adopted and comes  into force, the Central Bank will receive a mandate at the  legislative level to finance the project. Of course, the process of  financing the Agency by the Central Bank will not be too long. The  agency will have a Council with the participation of a representative  of the Central Bank.  The Central Bank will be entrusted with the  function of only facilitating the program of the RA government.

The establishment of the agency is aimed at providing a national  identification system, as well as creating infrastructures to ensure  the secure interaction of data and cybersecurity.  It will be engaged  in the development and implementation of products and technologies in  the field of protecting confidential and personal information, data  networks, and information security audits.