III Conference Capital Markets Armenia

March 20, 2025

Yerevan

Armenia Marriott Hotel Yerevan (1 Amiryan Street)

Pre-party by Sirius Capital (19.03.2025)

19:00 - 00:00

Pre-party by Sirius Capital at Keg & Barrel

Location: 42 Isahakyan St.

The event will be carried out in accordance with the list of registered participants (although the event is not necessary)

Sponsor pre-party

III Conference Capital Markets Armenia (20.03.2025)

09:00 - 09:30

Registration of participants, welcome coffee

09:30 - 10:00

Welcoming words

10:00 - 11:00

Economy and financial system of Armenia

In 2024, Armenia's economy showed confident growth: GDP increased by 7.8%, inflation stood at 1.5%, and the Central Bank's key interest rate decreased to 7% from 9.25% a year earlier. The stability of the banking system provides a solid foundation for further economic development. What prospects await Armenia in 2025?

Hayk Yeganyan, CEO, AMX

Mesrop Hakobyan, Chairman of the Board, Unibank (Armenia)

11:00 - 11:30

Coffee break

11:30 - 12:30

The Local Market of Armenia: Development Prospects and Its Role in the Country’s Economy

In 2024, the volume of Armenia’s domestic corporate bond market increased by an impressive 56.49%, nearly reaching USD 1.5 billion. The government bond market also showed significant growth, rising by 24.75% to exceed USD 5.7 billion. How might this growth affect the investment attractiveness of Armenia in 2025? What prospects lie ahead for IPOs of Armenian companies in 2025?

Moderator: Ararat Mkrtchian, CEO, Sirius Capital

Tigran Gevorgyan, Chief Investment Officer, Glocal Asset Management

12:30 - 13:30

Issuers and Corporate Finance: The Development of Armenia's Market

In Armenia, the volume of bond placements from the end of 2023 to the end of 2024 amounted to $4 billion, four times more than the previous year. During this period, 20 issuers participated, resulting in 105 bond issues, including 27 government and 78 corporate bonds. Five companies from the non-financial sector were involved. How will the bond market evolve in 2025?

Artyom Ghazaryan, Chief Executive Officer, Telcell

Ararat Ghukasian, , Unibank (Armenia)

13:30 - 14:30

Lunch

14:30 - 15:30

Investment Ideas in the Markets of Armenia and CIS Countries: Best Practices and Experience

Discussion of Current Investment Ideas and Practices Applicable to the Markets of Armenia and CIS Countries.

Bakhodir Atakhanov, Chairman, National Association of Investment Institutions

Nurlan Asilbekov, Chairman of the Board, SQIF Capital

Elizar Bubnov, Chief Investment Officer, Sirius Capital

15:30 - 16:00

Global: Strategies and Prospects in the Global Capital Market

Overview of Global Investments and Their Applicability to the Armenian Market.

Julia Khandoshko, CEO, Mind Money

Alexander Shupletsov, Head of Emerging Markets Coverage, TF International (Hubei Hongtai Group)

Igor Rotor, CIO, Atrani Capital

16:00 - 16:30

Coffee break

16:30 - 17:20

FinTech: Innovations and Startups Shaping the Future of Financial Markets

An examination of the role of financial technologies in the transformation of the country's financial markets, including examples of successful startups and innovative solutions in the field of fintech.

Moderator: Stefan Lucas, Founding CEO, FinTech Armenia Association

Tigran Parsegyan, Chief Marketing Officer, EasyPay

17:20 - 18:00

Cryptocurrency, Digital Assets, and Tokenization in Armenia's Financial Markets: Prospects and Challenges

The rise of Bitcoin and stablecoins has improved international payments. Digital asset (DA) markets are actively developing. Further integration of digital assets into financial markets is expected. In January 2025, Europe adopted the MiCA Regulation to regulate cryptocurrencies. Should we expect regulation of cryptocurrencies?

Andranik Togramadzhian, Operations Managing Partner, TVA Ventures

Maxim Biryukov, Head of Research, Armbrok

Grair Sarkisian, Head of Trading, Partner, Sirius Capital

19:00 - 23:00

Party at Apollo restaurant

Apollo, st. Teryana 91

Experience the excitement of Greek traditional dancing and the thrill of a plate-breaking show, all while enjoying delicious Mediterranean cuisine. The night will come alive with dynamic DJ sets, creating the perfect atmosphere for dancing and celebration.

Sponsor of the evenings

Excursion (21.03.2025)

Excursion to the new ski resort MyLer Resort

MyLer Resort

Cbonds and Meta-X Markets are pleased to invite you on March 21 to visit the new ski resort MyLer Resort, located in the picturesque mountains of Armenia, just one hour's drive from Yerevan. The resort offers 21 kilometers of ski slopes and breathtaking views of Mount Ararat, Ara, Aragats, and Khatis from a height of 2850 meters.

Program for March 21, 2025:

11:30 — Meet in the lobby of the Marriot hotel
12:00 pm — Departure from Yerevan on comfortable buses
2:00 pm — Ascent to Mount Tehenis via modern gondola lifts
2:30 pm — Feast in the mountains with stunning views of the surrounding mountains and Armenia
6:00 pm — Return transfer to Yerevan

For those who prefer to spend more time in the mountains, we offer accommodation in cozy chalets for the weekend:

From March 21 to March 23, with skiing on March 22.
For guests staying for the weekend, a return transfer to Yerevan will be organized on March 23 at 10:00 am

For Cbonds participants and their companions — 50% discount on chalet accommodation.

Applications for chalet accommodation are accepted until February 28!

To help us prepare for the event and create a guest list, please fill out the questionnaire.

III Conference Capital Markets Armenia

Registration