Economy

Jetro representative to visit Armenia

YEREVAN, November 27, /ARKA/. A representative of the Japan External Trade Organization (JETRO) will pay a visit to Armenia to establish new business contacts with local businessmen, Armenian foreign ministry said.

It said the agreement to this end was reached in Tokyo by the visiting Armenian foreign minister Edward Nalbandian and JETRO president Yasup Khayashi. Edward Nalbandian is visiting Japan at the invitation of its government.

The foreign ministry in Yerevan said Nalbandian and JETRO president discussed chances of developing Armenian-Japanese trade and economic cooperation. It said the Armenian minister presented the investment climate of Armenia.

“As a result of the meeting the sides agreed that a JETRO representative will visit Yerevan to discuss with Armenian partners ways to start mutually beneficial cooperation,’ the ministry said.

JETRO, or the Japan External Trade Organization, is a government-related organization that works to promote mutual trade and investment between Japan and the rest of the world. Originally established in 1958 to promote Japanese exports abroad, JETRO's core focus in the 21st century has shifted toward promoting foreign direct investment into Japan and helping small to medium size Japanese firms maximize their global export potential. -0-

27/11/2009 13:06



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 09/02/2010
Currency Buy Sell
USD 378
"VTB Bank (Armenia)"
Unibank
“ArmSwissBank”
379.5
Cascade Bank
Euro 516
“ArmSwissBank”
522
ACBA-CREDIT AGRICOLE BANK
Ameriabank
Araratbank
BTA Bank
Mellat Bank
Prometey Bank
RUR 12.25
BTA Bank
Prometey Bank
“ArmSwissBank”
12.45
Ameriabank
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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