News of the day

3.7% inflation recorded in Armenia in 4th Q 2009

The Central Bank of Armenia says 3.7% inflation was recorded in Armenia in the fourth quarter 2009.
08.02.2010 20:05

First meeting of young specialists in SCR

First meeting of young specialists started on February 5 in the Head Office of CJSC “South-Caucasian Railway” in the railway station of Yerevan.
08.02.2010 19:36

Minister: Armenia aims at reducing greenhouse gases in atmosphere

Armenia is aimed at reducing emissions of greenhouse gases into the atmosphere through the application and use of new technologies, said the Minister of Nature Protection of Armenia Aram Harutyunyan.
08.02.2010 12:47

Construction of new subway station in Yerevan to begin in 2011

Paylak Yailoyan, director of Yerevan subway, said last Friday construction of a new station to stretch to Achapnyak quarter of the city will kick off in 2011.
08.02.2010 12:44

ArCa: Global recession has no major impact on card business in Armenia

The global recession had no major impact on card business in Armenia, Shahen Hovhannisyan, executive director of Armenian Card – ArCa payment system, said in an interview with ARKA News Agency.
05.02.2010 13:31

National seminar of leadership skills development will take place in Armenia from February 5-7

National seminar of leadership skills development will take place in Tsakhkadzor from February 5-7.
04.02.2010 21:18

Cascade insurance company closes last year with 66.6 million drams of net profits

Cascade Insurance company closed last year with a 66.6 million Drams of net profits, its deputy executive director Levon Mamikonian told ARKA.
04.02.2010 21:05

NewsLine

08.02.2010

3.7% inflation recorded in Armenia in 4th Q 2009

First meeting of young specialists in SCR

Minister: Armenia aims at reducing greenhouse gases in atmosphere

Construction of new subway station in Yerevan to begin in 2011

05.02.2010

ArCa: Global recession has no major impact on card business in Armenia

04.02.2010

National seminar of leadership skills development will take place in Armenia from February 5-7

Cascade insurance company closes last year with 66.6 million drams of net profits

Finance minister: Armenia’s off-budget funds total amd 15 billion



Analitics

Armenia expects substantial loan support under crisis

Information that Armenia applied to Russia for a stabilization loan to mitigate the global crisis effects became one of the most token events in the economic life of Armenia last week. Russian Minister of Finance Aleksey Kudrin reported about the negotiat
27.01.2009 15:56

Armenian CB publishes currency market analysis

The Central Bank of Armenia (CBA) has published the results of an analysis of Armenia’s currency market, which show a USD downfall on November 23-25, 2007.
11.03.2008 16:54

Total assets of Armenia’s banking system 24.35% of GDP by end 2007

As of the end of 2007, the total assets of Armenia’s banking system constituted 24.35% of GDP. An analysis made by the ARKA News Agency showed that the level of banks’ financial mediation grew by 4.67 percentage points (19.68% on January 1, 2007).
20.02.2008 21:37

West Siberian Resources-Alliance Oil merger logical

Russian oil companies Alliance (Alliance Oil) and West Siberian Resources (WSR), which is traded in Stockholm, announced their unification on January 15.
17.01.2008 11:33

AMD/USD exchange rate to range within 300 amd/$1 by end of 2007

No further USD devaluation should be expected in Armenia before the end of 2007, and the USD/AMD exchange rate will range within 300 AMD/$1
27.11.2007 16:29

Rise in prices for essential goods arouses discontent

The rise in prices for a number of essential products in Armenia has not only aroused natural discontent on the part of population, but also cause criticism of the government policy.
29.10.2007 12:23

Interview

Innovation policy is the driving force of Ameriabank’s development

Interview of Arthur Hambardzumian, head of Ameriabank’s Innovation and Quality Department, to ARKA news agency
12.01.2010 17:06

A Second Wave of the Crisis in Armenia is Not Likely

Exclusive Interview with the IMF Resident Representative to Armenia, Nienke Oomes, by ARKA Information Agency
16.12.2009 10:26

Effective implementation of government anti-crisis program is key to Fitch ratings sovereign rating

Exclusive interview of Andrew Colquhoun, Director, Emerging Europe Sovereigns, Fitch Ratings, to ARKA news agency.
22.09.2009 15:10

Philip Morris international brands have 16.4% share of Yerevan cigarette market

An exclusive interview by Aharon Tadevosyan, Corporate Affairs Executive, Philip Morris International, to the ARKA News Agency.
06.07.2009 12:08

Japan Tobacco international to expand its presence in the Armenian tobacco market

Martin Braddock, JTI’s Regional President, CIS, Romania and Adriatics, told ARKA agency about the company’s operations on the Armenian market.
17.06.2009 15:04

Armenian government switches over to manual control of economy

Below is an exclusive interview by RA Prime Minister Tigran Sargsyan to the ARKA News Agency.
01.04.2009 11:34

Market USD exchange rates
Market EUR exchange rates
Market exchange rates 08/02/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 378.25 0.13
Euro EUR 1 518.16 1.27
Russian Rоublе RUR 1 12.41 0.01

Favorable еxchange rates of banks 08/02/2010
Currency Buy Sell
USD 377.5
"VTB Bank (Armenia)"
ACBA-CREDIT AGRICOLE BANK
 378
BTA Bank
Euro 514
ACBA-CREDIT AGRICOLE BANK
Ameriabank
 518
BTA Bank
RUR 12.2
BTA Bank
Cascade Bank
HSBC Bank Armenia
Prometey Bank
 12.4
Armeconombank
ProCreditBank

Macroeconomics
Indicator Term Figures
economic growth,% 2009-11 84
GBP, billion AMD 2009-11 2786.7
inflation, % 2009-12 106.5
Budget deficit (proficit), bln AMD 2009-11 114.9
trade deficit, mln USD 2009-11 -2322.8
foreign trade turnover, mln USD 2009-11 3570.9
foreign trade turnover, % 2009-11 71.5
Gross External Reserves, mln. USD 2009-11 2115.89
Monetary base, billion AMD 2009-11 464.5
Money supply, billion AMD 2009-11 775.6

Financial market
Indicator Term Figures
Anual interests on loans
Legal entities in AMD 2009-12 14.8
Legal entities in USD 2009-12 12.5
Individuals in AMD 2009-12 21.5
Individuals in USD 2009-12 17.9
Anual interests on deposits
Legal entities in AMD 2009-12 7.5
Legal entities in USD 2009-12 6.9
Individuals in AMD 2009-12 9.1
Individuals in USD 2009-12 5.5
Annual profitability
state stock of CBA, % 2008-08 8
fiscal stock of Armenia, % 2009-12 8.9

The percents of the CBA
Indicator Term Figures
Banking rate 2010-01 13
Repo 2010-01 5.5
Credit 2010-01 8.5
Depo 2010-01 2.5



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