Reference Book On Armenia’s Open Joint Stock Companies Published

YEREVAN (Noyan Tapan)–The recently published reference book entitled "Armenia’s Open Joint Stock Companies" contains information on 750 OJSCs operating in Armenia’s different regions. The reference book contains information not only on the products manufactured by OJSCs–but also on the type and number of their shares–and the dividend payment periods. The next edition of the reference book is expected to contain information on more enterprises.

The author of the reference book–Nerses Hakobian–said that the reference book is intended for potential investors and companies and was published on the grant of the Eurasia foundation. Members of the Union of Security Market Members rendered considerable assistance in compiling the reference book.

The USMM comprises 24 legal entities–Armen Melikian being the USMM president. The USMM submitted a package of model documen’s to relevant bodies. The package includes several normative acts on the protection of interests of association members–reduction of brokers’ losses through the establishment of guarantee insurance funds–and investment efficiency and support of broker companies.

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