Armenian Stock Exchange

from Wikipedia, the free encyclopedia

The Armenian Stock Exchange ( Armenian Հայաստանի Ֆոնդային Բորսա , Hajastani Fondajin Borsa) is a stock exchange based in Yerevan , capital of Armenia . It is also known by the acronym Armex . It is a 100% subsidiary of the Swedish-Finnish company OMX .

prehistory

The weakness of the young Armenian financial sector explains that the Armenian Stock Exchange, established in February 2001, is the first in long Armenian history . In the 19th century, Armenians conducted major financial transactions in Constantinople , where a pre-existing form of the modern stock exchange existed, while Tbilisi did not and Yerevan was still a small town at the time. There were no exchanges in the Armenian SSR (the first Soviet exchange, MICEX , opened in 1989). Because of the economic crisis in Armenia in the first half of the 1990s and especially because the savings deposits at Sberbank practically deteriorated, there was a long lack of confidence in a strong financial sector.

Company history

Important participants in the Armenian capital market (especially insurance companies, banks and brokers ) founded the Armenian Stock Exchange in February 2001 with the support of the Central Bank of the Republic of Armenia and USAID . Trading began on July 6, 2001. On November 21, 2007, OMX took over the Armenian Stock Exchange and the Central Securities Depot in Armenia , making OMX active outside of Scandinavia and the Baltic States for the first time.

Web links