Economy

Board of trustees of Armenia’s national competitiveness fund to meet november 14-15

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-

 

13/11/2009 19:45



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 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



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