YEREVAN, June 15. /ARKA/. Over 200 experts from 30 countries have gathered in Yerevan for the annual flagship conference of the Federation of Euro-Asian Stock Exchanges, ConFEAS-2023.

During two days - on June 15 and 16, the participants from exchanges, CSDs, banks, regulatory bodies, investment companies, and IFIs will discuss the latest trends, issues, and opportunities in modern capital markets.

The conference will cover four distinct areas of capital markets, including Trading, Post-Trade, ESG, and Public Relations Speakers will have the option to choose the area that aligns best with their expertise or interest.

Secretary General of the Federation of Euro-Asian Stock Exchanges Konstantin Saroyan told a press briefing that the purpose of the event being held in Armenia for the first time is exchange of experience and networking among leading experts.

"Development of capital market in Armenia is a necessity. It will balance the financial system to a certain extent," he said.

Saroyan also said that the conference is taking place at a time when Team Telecom Armenia has announced its IPO.

"This is an important step both for the company and for the development of the capital market in Armenia," he stressed.

In turn, Deputy Chairman of the Central Bank of Armenia Armen Nurbekyan said that development of the capital market is an important priority for the Central Bank and the government because today the country has a more developed banking system.

"That's why we consider participation of representatives from different countries in the conference important as it enable us to discuss mega mechanisms of capital market development," he pointed out.

Nurbekyan stressed that one of the most important problems of Armenia is corporate management. He noted that for good corporate governance it is important to have many investors because that is the quickest way to globalize companies.

"Consequently, we believe that implementing IPOs is an important step. We hope that many companies in Armenia will reach this level of awareness," he said. -0-