News of the day

Armenian government to help socially unsecured people stand gas and water price increase

Armenian government will help socially vulnerable people stand the raise of gas and water prices, Vazgen Khachikyan, chief of social security service affiliated to the labor ministry, said on Thursday.
12.03.2010 20:14

Armenia’s median nominal wage in 2009 was 101,895 drams

Armenia’s median nominal wage in 2009 was 101,895 Drams, chief of Armenia’s National Statistical Service Stepan Mnatsakanian said today. He said it grew by 9.8% from 2008.
12.03.2010 20:13

Transitional status must be established for Karabakh during conflict settlement process: french diplomat

The French cochairman of the OSCE Minsk Group, Bernard Fassier, said today in Yerevan a transitional status must be established for Nagorno-Karabakh Republic (NKR) during the conflict settlement process.
12.03.2010 20:11

Armenia and Poland sign economic cooperation agreement

Speaking to reporters after talks with visiting prime minister of Poland, Donald Tusk, Armenian prime minister Tigran Sarkisian said both countries have signed an agreement on economic cooperation, which he said, will create a favorable atmosphere for bot
12.03.2010 19:57

Central Bank of Armenia doesn’t seek to reach planned inflation in 2010 at any price

The Central Bank of Armenia doesn’t seek to reach the planned inflation indicator in 2010 at any price, Arthur Stepanyan, chief of Armenian central bank’s monetary policy unit, said Thursday at a press conference.
12.03.2010 19:54

Armavir governor awarded general director of SCR with gold medal of the region

On Thursday Ashot Ghahramanyan, Armavir Governor awarded Shevket Shaydullin, General Director of CJSC “South-Caucasian Railway” with gold medal of Armavir region for reconstruction of the station “Dalarik” and opening of electric centralization module.
12.03.2010 08:54

South Caucasus railway company pledges to invest 530 million rubles in upgrading Ararat- Sotk railroad

The South Caucasus Railway company has pledged today to invest 530 million Russian rubles in upgrading a railroad from the town of Ararat in the same name province to Sotk gold mines in Gegharkunik province.
11.03.2010 21:25

NewsLine

12.03.2010

Armenia and Poland to establish intergovernmental commission on economic cooperation

Armenian government to help socially unsecured people stand gas and water price increase

Armenia’s median nominal wage in 2009 was 101,895 drams

Transitional status must be established for Karabakh during conflict settlement process: french diplomat

Armenia and Poland sign economic cooperation agreement

Central Bank of Armenia doesn’t seek to reach planned inflation in 2010 at any price

Armavir governor awarded general director of SCR with gold medal of the region

11.03.2010

South Caucasus railway company pledges to invest 530 million rubles in upgrading Ararat- Sotk railroad

Georgia’s ambassador to Armenia says reopening of Upper Lars important for Armenia

Closer relations between Armenia and EU pose no threat to Armenian-Russian relations

Armenian Premier instructs ministers to submit three-year expenditure programs to him

Company “Valletta” became official distributor of “Danone” products in Armenia

Central Bank: Year-on-year inflation in Armenia may reach 7 or 8% in April and May

South-Caucasian Railways signs agreement with Armenian traffic police

Central Bank of Armenia finds credit organizations’ policy satisfactory

10.03.2010

Ameria will provide consulting support to the program “Increase of competitiveness of technologies”

City Mayor: construction of new metro station “Achapnyak” in Yerevan will continue in 2011

Russian political analyst: Armenian-Turkish relationship improvement stalls

Russian-Armenian economic cooperation impressing

Special control department of import and export of agricultural products will be established in Armenia

EBRD to provide EURO 15 million for major reconstruction of Yerevan underground railway

South Caucasus railway considers possibilities for launching electrical train between Yerevan and Hrazdan
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 12/03/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 392.62 1.21
Euro EUR 1 540.01 5.34
Russian Rоublе RUR 1 13.40 0.11

Favorable еxchange rates of banks 12/03/2010
Currency Buy Sell
USD 391.5
Armenian Development Bank
 394
ACBA-CREDIT AGRICOLE BANK
Araratbank
Byblos Bank Armenia
Conversebank
ProCreditBank
“ArmSwissBank”
Euro 534
"VTB Bank (Armenia)"
ACBA-CREDIT AGRICOLE BANK
Ameriabank
Prometey Bank
“ArmSwissBank”
 541
ACBA-CREDIT AGRICOLE BANK
Cascade Bank
“ArmSwissBank”
RUR 13.2
"VTB Bank (Armenia)"
Ardshininvestbank
BTA Bank
Prometey Bank
 13.35
ProCreditBank

Macroeconomics
Indicator Term Figures
economic growth,% 2009-12 85.6
GBP, billion AMD 2009-12 3165.5
inflation, % 2010-01 101.7
Budget deficit (proficit), bln AMD 2009-12 148.3
trade deficit, mln USD 2009-12 -2606.4
foreign trade turnover, mln USD 2009-12 4001.9
foreign trade turnover, % 2009-12 73
Gross External Reserves, mln. USD 2009-12 2003.41
Monetary base, billion AMD 2009-12 511.7
Money supply, billion AMD 2009-12 815

Financial market
Indicator Term Figures
Anual interests on loans
Legal entities in AMD 2010-01 14.8
Legal entities in USD 2010-01 13.5
Individuals in AMD 2010-01 22
Individuals in USD 2010-01 17.6
Anual interests on deposits
Legal entities in AMD 2010-01 6.5
Legal entities in USD 2010-01 5.4
Individuals in AMD 2010-01 9.1
Individuals in USD 2010-01 5.3
Annual profitability
state stock of CBA, % 2008-08 8
fiscal stock of Armenia, % 2010-01 8.8

The percents of the CBA
Indicator Term Figures
Banking rate 2010-03 13
Repo 2010-03 6.5
Credit 2010-03 9.5
Depo 2010-03 3.5



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