Economy

Armenia’s farmers to receive 7,000 tons of fertilizers

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--

06/03/2008 18:57



Market USD exchange rates
Market EUR exchange rates
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



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