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YEREVAN. – Prime Minister of Armenia Hovik Abrahamyan on Thursday received a delegation led by Ernst-Ludwig Drayss, Chairman of the Board of “C-QUADRAT Ampega Asset Management Armenia” Company, which is a pension fund manager in the country.

The parties discussed the course of the ongoing pension reform in Armenia, and the new legislative package that stems from the Constitutional Court (CC) decision on April 2.

The PM noted that with the Armenian National Assembly’s passing of the new law that regulates the funded pension system in the country, a resolution was given to the respective matters which the CC had raised.

Abrahamyan also presented details on the system envisioned by the new legislative regulation.

Drayss, for his part, underscored the amendments made in the Law on Funded Pensions, and expressed willingness to assist the Armenian government in the successful implementation of this process.

The interlocutors highlighted the need to raise public awareness concerning the pension reform in Armenia.

“We will demonstrate a political will to implement the reform until the end,” Hovik Abrahamyan noted, in particular.

The parties also reaffirmed their readiness to continue the effective partnership.

 

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