Tag: Samson Avetian

Expectations and optimism are often the primary drivers of investment activity. It’s easy to be negative in the current times that Armenia is living, however, hope and optimism are key to inspiring drive, effort and motivation, especially when Armenia needs it most.

The lack of information and awareness about the benefits of savings and investments, both personally and collectively, and the inadequate provision of policy incentives have not spurred savings. Improving personal financial security, freedom and wellness can positively impact Armenia’s future economic outcomes.

Banks make up the largest portion of Armenia's domestic financial system, accounting for approximately 79% of its total assets. While the banking system is well-regulated and devoid of bankruptcies for more than two decades, Armenia needs to diversify its financial system to ensure growth and prosperity.

Defying expectations, Armenia has been enjoying some very strong economic growth. However, local consumption-savings habits and other factors continue to hinder local production and competitiveness. Samson Avetian explains what needs to change.

Samson Avetian, the founder and CEO of Eqwefy, joins us to speak about how the platform they’re building is helping enable non-traditional investors to invest in Armenian start-ups. Samson also shared his thoughts on the importance of educating society on personal finance, and encouraging more investing throughout society.

Armenia’s advancement in the tech and innovation space is only in its infancy. In order to take the next step, domestic financial markets need to be well-aligned and sophisticated enough to provide the best possible support and take Armenian entrepreneurship and innovation to the next level.