
YEREVAN, March 6. /ARKA/. Armenia’s farmers will receive 7,000 tons of fertilizers under a 1.6bln AMD subsidizing program. RA Minister of Agriculture David Lokyan reported that the RA Government made a relevant decision at its sitting today.
The Minister pointed out that the fertilizers will be provided to the farms that did not receive them under the program before December 31.
The prices will remain unchanged, 3,100 AMD for one sack.
The Minister reported that the delivered will be paid either by communities or by farmers themselves.
On October 4, 2007, the RA Government decided to allocate 200mln AMD provide farms with 200,000 tons of nitrogen fertilizers under a government program of assistance to landowners in 2008. One ton of fertilizers will be provided at 74,000 AMD, with 10,000 AMD to be subsidized. –0--
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| Market exchange rates 11/03/2010 | ||||
|---|---|---|---|---|
| Currency | Symbol | Unit | Rate | Changes |
| USA Dollar | USD | 1 | 391.41 | 1.47 |
| Euro | EUR | 1 | 534.67 | 5.09 |
| Russian Rоublе | RUR | 1 | 13.29 | 0.17 |
| Favorable еxchange rates of banks 11/03/2010 | ||
|---|---|---|
| Currency | Buy | Sell |
| USD | 390.5 Armenian Development Bank |
392.5 “ArmSwissBank” |
| Euro | 531 ACBA-CREDIT AGRICOLE BANK |
537 ACBA-CREDIT AGRICOLE BANK Cascade Bank “ArmSwissBank” |
| RUR | 13.1 Ardshininvestbank BTA Bank |
13.25 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 |