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The recently opened settlement link to Armenia will increase the access of investors to the capital markets in the CIS and Caucasus, the press-service of Clearstream, an international settlement system, informed Armenian News - NEWS.am.

A link to Armenia will help settle transactions with local securities across borders, thus enabling local businesses to build liquidity up and outward.

“Thanks to its geographical position, Armenia has been a unique transit center for ancient civilizations since the emergence of the Silk Road. Part of the Commonwealth of Independent States (CIS) region, Armenia is today a growing economy with an average economic growth of 4.4% over the past five years”, Clearstream commented.

Making its decision to enter a new market, Clearstream had appreciated Armenia’s efforts to support its  securities’ market. Particularly, in March of 2016, the Central Bank of Armenia (CBA) and the European Bank for Reconstruction and Development (EBRD) signed a Memorandum of Understanding (MoU) to develop the capital market of the country.

Other recent positive market events include the launch of a mandatory private retirement savings system (in 2014; fully effective from 2018) and the issuance of sovereign Armenian Eurobonds.

Clearstream (a large international post trade services provider, owned by Deutsche Borse AG) opened a market link to Armenia, its 56th overall, in July 2016.

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