Economy

ARENI VILLAGE TO HOST WINE FESTIVAL

YEREVAN, October 14, /ARKA/. On Saturday the village of Areni in the southern Vayots Dzor province will host a wine festival. The first Areni Wine festival was held in 2004 by USDA and Tufenkian Hospitality with the aim to introduce an ancient Armenian tradition of winemaking to the World.

Mekhak Apresian, head of an economy ministry’s department dealing with tourism and regional development, said today this year’s festival is to promote tourism development of the region. Zhirayr Yeghian, head of Areni community, said the festival was held only twice, in 2004 and 2007, but added they want to make it annual.

He said apart from being a showcase for great wine, the festival is a major event for traditional food making and tasting. The event program includes traditional dancing, singing, food-making and tasting, wine-making and tasting, traditional games, contests and so on.Villagers will sell home-made products- cream, honey, nuts and walnuts, vegetables, fruits, dried fruits, baked goods, lavash, home-made jams and jellies, sweet sujukh, herbal teas and all the other products that a typical Armenian household usually prepares for its members.

Zhirayr Yeghian said U.S. ambassador to Armenia,. Marie Yovanovitch and several Armenian ministers, as well as members of a Ukrainian government delegation are expected in Areni village. -0-

14/10/2009 15:48



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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