Armenian Stock Exchange

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

Prehistory

The weakness of the young Armenian financial sector explains that which was established in February 2001 Armenian Stock Exchange is the first in the long Armenian history. In the 19th century Armenians led by major financial transactions in Constantinople Opel, where a preform of the modern stock market existed, whereas this was not the case in Tbilisi and Yerevan at that time was still a small town. In the Armenian SSR, there were no exchanges ( the first Soviet exchange, the MICEX, was opened in 1989 ). Because of the economic crisis in Armenia in the first half of the 1990s, and especially since the savings deposits in Sberbank practically fell into disrepair, lacked long confidence for 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. On 6 July 2001, the trade was taken. November 21, 2007 OMX took over the Armenian Stock Exchange and the Central Securities Depositary of Armenia, which OMX for the first time outside of Scandinavia and the Baltic states is active.