

YEREVAN, November 26. /ARKA/. Olivier Descamps, EBRD Business Group Director in South Eastern Europe, Central Asia and the Caucasus, met with Armenian Prime Minister Tigran Sargsyan in Yerevan on Tuesday, the press office of Armenian government reports.
He gave a high mark to Armenian government’s efforts to ward off the crisis and welcomed its bailout policy.
Descamps also hailed the premier’s speech in National Assembly.
He said that the EBRD intends to invest $150 million in Armenia this year hitting the historical record and added that the bank is interested in establishment of pension and insurance funds.
Descamps said EBRD would keep supporting small and medium entrepreneurs in their efforts to save energy.
The premier and the EBRD business group director also spoke about the bank’s probable participation in creation of a free economic zone in the areas adjacent to Yerevan’s Zvartnots Airport.
Prospects for construction of North-South transport corridor were discussed at the meeting as well. M.V.-0---
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| 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 |