Economy

Armenia, Kazakhstan have sufficient room for enlarging economic cooperation

YEREVAN, November 26. /ARKA/. Armenia and Kazakhstan have sufficient room for enlarging economic cooperation, Nurbolat Alimbaev, Kazakhstan’s chargé d'affaires in Armenia, said Wednesday answering the question ARKA News Agency put up to him.

“Trade turnover is small - $2.5 million,” he. “However, taking into account changes in Armenia and over it, we hope for improvement.”

He told journalists at the seminar focused on Kazakhstan’s forthcoming chairmanship in OSCE that his country has always been interested in economic, political and cultural cooperation with Armenia.

“Our embassy’s presence here shows our interest.”

According to National Statistical Service of Armenia, Armenia’s trade turnover with Kazakhstan has reduced 81.7% over the period between January and September to $3.4 million.

The country’s export to Kazakhstan totaled $1.8 million (0.4% of Armenia’s export) by late September after shrinking 32.4% in Jan-Sept 2009, compared with the same period a year before, and imports from Kazakhstan totaled $1.7 million after reducing 89.6%.

Kazakhstan opened its embassy in Armenia in 2007. -0--

 

26/11/2009 09:10



Market USD exchange rates
Market EUR exchange rates
Market exchange rates 08/02/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 378.25 0.13
Euro EUR 1 518.16 1.27
Russian Rоublе RUR 1 12.41 0.01

Favorable еxchange rates of banks 08/02/2010
Currency Buy Sell
USD 377.5
"VTB Bank (Armenia)"
ACBA-CREDIT AGRICOLE BANK
378
BTA Bank
Euro 514
ACBA-CREDIT AGRICOLE BANK
Ameriabank
518
BTA Bank
RUR 12.2
BTA Bank
Cascade Bank
HSBC Bank Armenia
Prometey Bank
12.4
Armeconombank
ProCreditBank

Macroeconomics
Indicator Term Figures
economic growth,% 2009-11 84
GBP, billion AMD 2009-11 2786.7
inflation, % 2009-12 106.5
Budget deficit (proficit), bln AMD 2009-11 114.9
trade deficit, mln USD 2009-11 -2322.8
foreign trade turnover, mln USD 2009-11 3570.9
foreign trade turnover, % 2009-11 71.5
Gross External Reserves, mln. USD 2009-11 2115.89
Monetary base, billion AMD 2009-11 464.5
Money supply, billion AMD 2009-11 775.6

Financial market
Indicator Term Figures
Anual interests on loans
Legal entities in AMD 2009-12 14.8
Legal entities in USD 2009-12 12.5
Individuals in AMD 2009-12 21.5
Individuals in USD 2009-12 17.9
Anual interests on deposits
Legal entities in AMD 2009-12 7.5
Legal entities in USD 2009-12 6.9
Individuals in AMD 2009-12 9.1
Individuals in USD 2009-12 5.5
Annual profitability
state stock of CBA, % 2008-08 8
fiscal stock of Armenia, % 2009-12 8.9

The percents of the CBA
Indicator Term Figures
Banking rate 2010-01 13
Repo 2010-01 5.5
Credit 2010-01 8.5
Depo 2010-01 2.5



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