On December 19, Armenia’s Minister of Economy Gevorg Papoyan held a meeting with Andreas Wimmer, Vice Chairman of the pension fund C-QUADRAT Ampega, and Carlos Mendes de Vigo, a member of the board of directors.
According to the Ministry of Economy’s press service, the meeting, which also included Deputy Minister Sevak Mikaelyan, focused on prospects for developing Armenia’s financial market and investment environment.
C-QUADRAT Ampega, which has been managing pension and investment funds in Armenia for over a decade, presented its performance results and new initiatives. Particular emphasis was placed on the innovative features of its pension calculator and steps to improve the pension account system.
The company, which serves participants in the mandatory pension system as well as institutional and private investors, shared its approaches to advancing Armenia’s capital market and financial ecosystem.
The discussion also highlighted the importance of enhancing financial literacy among the population through educational programs, which is one of the company’s priorities in Armenia.
Earlier, BMG reported a historic peak in pension fund savings in Armenia, with total assets reaching $2.6 billion (1 trillion AMD). In light of this milestone, decisions have been made to expand pension fund investment opportunities to boost returns and support the country’s economic development.
Notably, plans include increasing the share of equity investments from 25% to 35%, which could raise the average annual return by 0.7% over a 30-year period. Additionally, direct investments in the real sector of the economy, up to 10% of fund assets, are expected to provide an additional return of 0.43% with reduced volatility.
