ArmInfo.At February 26 sitting of the Parliamentary Standing Committee on Financial, Credit and Budgetary Affairs, Armen Nurbekyan, Deputy Chairman of the Central Bank of Armenia, presented amendments to the Civil Code of the Republic of Armenia.
He informed that a mechanism will be introduced in Armenia to provide financial institutions and the Government to exercise their rights regarding collateral in the event of default on credit obligations by a private entrepreneur or legal entity from Artsakh not registered in the Republic of Armenia.
Nurbekyan said.
