News of the day

Passenger traffic in Armenia grows 3.9% in Jan-July 2010

Passenger traffic in Armenia grew 3.9% in Jan-July 2010, compared with the same period a year before, to 146 million people, the National Statistical Service of Armenia reports.
02.09.2010 21:26

Russian investments in Armenian economy in Jan.-July grew to $116.9 million

In the first seven months of this year Russian companies invested a total of $116.9 million in Armenian economy, including $85.8 million of direct investments.
02.09.2010 18:17

Armenal produces 13,705 tons of aluminum foil in the first seven months

Armenian ArmenAl aluminum plant produced 13,705 tons of aluminum foil in the first seven months of the year, by 15.4% or 1,831 tons more than in the first seven months of 2009, according to figures released by the National Statistical Service.
02.09.2010 16:25

Armenia's chemical output in Jan.- July grows by 39%

Armenia's chemical output in the first seven months of the year grew by 39% year-on-year to 5.528.8 billion Drams, the National Statistical Service (NSS) reported.
02.09.2010 16:23

Armenia and Karabakh Plan To Deepen Cooperation At Regional Level

Issues of development and deepening of cooperation between the regions of Armenia and the administrative divisions of Nagorno-Karabakh Republic will be discussed during a visit to Stepanakert by the vice-premier Armen Gevorgyan.
02.09.2010 13:55

Armenian Prime Minister Awarded Former Head of CBA

Prime Minister Tigran Sargsyan presented the former head of the Central Bank, the adviser to the chairman of the Central Bank of Armenia Isahak Isahakyan.
02.09.2010 13:53

NewsLine

02.09.2010

Passenger traffic in Armenia grows 3.9% in Jan-July 2010

Volume of consumer services in Jan.-July grows by 6.1%

Russian investments in Armenian economy in Jan.-July grew to $116.9 million

Armenal produces 13,705 tons of aluminum foil in the first seven months

Armenia's chemical output in Jan.- July grows by 39%

Armenia and Karabakh Plan To Deepen Cooperation At Regional Level

Armenian Prime Minister Awarded Former Head of CBA

Armenia’s Foreign Trade Turnover Grows 26.5% To $2548.8 Million

Armenian Prime Minister to Leave for NKR September 2

Prices For Services Rise 0.2% in Armenia in August

Armenia’s Median Wage in July Rises By 8.9% to 116, 476 Drams

Governor of Ardshininvesbank’s Branch Convicted of Money Laundering

German Specialists Hired to Help Conduct a Study of Tourist Potentials of Armenia’s Lake Sevan

Minister Shrugs off Speculations That Wine Growers May Face Problems in Selling Their Crop

Armavia Cancels a Summer Flight to Batumi and Two to Moscow

01.09.2010

Armenia’s state foreign debt grows to $3.027.4 billion as of June 30

Minister shrugs off speculations that wine growers may face problems in selling their crop

Petrol prices down 1.0% in Armenia in August

Armenia’s gross forex reserves drop by 6.5% to $1.786.82 billion

Traffic police: things improved on Armenian roads

Sargsyan named three main qualities for good president

President of Armenia congratulated students and teachers on Day of Knowledge

31.08.2010

Ameriabank, IFC considering ground for further cooperation

Sabotage of High School System in Armenia Useless - Minister Of Education

Mayor: Yerevan Schools Ready for Next School Year

Opinion: Azerbaijan can hardly launch war in Karabakh conflict zone



Analitics

Bridge-2010 – Armenian Davos – ill-organized and neglected event

Bridge-2010, seventh international economic forum, was held this weekend in Tsakhkadzor, Armenia.
23.02.2010 19:32

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

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 02/09/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 365.03 1.29
Euro EUR 1 468.19 3.8
Russian Rоublе RUR 1 11.90 0.08

Favorable еxchange rates of banks 03/09/2010
Currency Buy Sell
USD 366
ProCreditBank
 367.5
“ArmSwissBank”
Euro 467
Byblos Bank Armenia
ProCreditBank
 472
ArmBusinessBank
Armenian Development Bank
RUR 11.85
"VTB Bank (Armenia)"
BTA Bank
 12
ACBA-CREDIT AGRICOLE BANK
Ameriabank
ProCreditBank

Macroeconomics
Indicator Term Figures
economic growth,% 2010-06 106.7
GBP, billion AMD 2010-06 1332
inflation, % 2010-07 103.7
Budget deficit (proficit), bln AMD 2010-06 16.9
trade deficit, mln USD 2010-06 -1281.2
foreign trade turnover, mln USD 2010-06 2116.8
foreign trade turnover, % 2010-06 129.8
Gross External Reserves, mln. USD 2010-06 1780
Monetary base, billion AMD 2010-06 434.5
Money supply, billion AMD 2010-06 786.6

Financial market
Indicator Term Figures
Anual interests on loans
Legal entities in AMD 2010-06 13.8
Legal entities in USD 2010-06 12.6
Individuals in AMD 2010-06 22.6
Individuals in USD 2010-06 19.2
Anual interests on deposits
Legal entities in AMD 2010-06 8.4
Legal entities in USD 2010-06 7.2
Individuals in AMD 2010-06 9.8
Individuals in USD 2010-06 5.4
Annual profitability
state stock of CBA, % 2008-08 8
fiscal stock of Armenia, % 2010-06 9.6

The percents of the CBA
Indicator Term Figures
Banking rate 2010-07 13
Repo 2010-07 7.25
Credit 2010-07 10.25
Depo 2010-07 4.25



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