

YEREVAN, November 13, /ARKA/. The Board of Trustees of Armenia’s National Competitiveness Fund said today its recurrent session will be held in Yerevan on November 14-15. According to a statement by the Fund, prime minister Tigran Sarkisian, who is also chairman of the Board of Trustees, will deliver a speech.
The gathering will discuss development of Armenian and world economies as well as projects of the Fund. Particularly, it will discuss the strategy of cooperation with Diaspora and development of new sports in lake Sevan as a new tourist product.
Among other key speakers are Rob Kitchin and Mark Boyle, two professors from the National University of Ireland and Peter Gottwald ad Franck Daniel Ersam, sporting and tourism experts from Munich, Germany.
Participants of the meeting will discuss also a preliminary planning for Pan-Armenian network and hear reports on establishment of the Pan-Armenian Bank.
Armenia’s National Competitiveness Fund was founded in 2007 as a non-government organization, acting by the principle of public and private sectors cooperation. The Board of Trustees of the Fund, chaired by prime minister, comprises government officials, prominent businessmen from Armenia and Diaspora as well as a representative of the international donor organization. -0-
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| 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 15/03/2010 | ||
|---|---|---|
| Currency | Buy | Sell |
| USD | 394 ArmBusinessBank |
396 Ameriabank Ardshininvestbank Areximbank-Gazprombank Group “ArmSwissBank” |
| Euro | 540 “ArmSwissBank” |
546 Ameriabank |
| RUR | 13.35 BTA Bank |
13.5 ACBA-CREDIT AGRICOLE BANK Ameriabank |
| 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 |