Economy

Eighth session of Armenian-Georgian intergovernmental commission held in Yerevan

YEREVAN, January 27. / ARKA /. Eighth meeting of the Armenian-Georgian intergovernmental commission on economic cooperation held in Yerevan. 

The meeting discussed more than a dozen of issues. 

The agenda included issues related to the legal framework, the delimitation of borders customs cooperation in the areas of transport and agriculture, energy and culture, health, education, environmental protection. 

Armenian Prime Minister Tigran Sargsyan, positively described the work of working groups of the commission, and said that an agreement has been reached on several issues. 

"I am confident that these issues will facilitate the strengthening of economic, social and political cooperation, ranging from cultural and social spheres up to customs issues,” Armenian Prime Minister said. 

For his part, Prime Minister Nika Gilauri said that both peoples have traditional brotherly relations. "There are general programs. We have done a lot together, but still more must be done," he said. 

At the same time Gilauri invited the Prime Minister of Armenia to visit Georgia to continue the discussions and expressed confidence that the atmosphere following the ninth meeting in Tbilisi will be equally favourable. –0- 

27/01/2010 19:44



Market USD exchange rates
Market EUR exchange rates
Market exchange rates 02/09/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 365.03 1.29
Euro EUR 1 468.19 3.8
Russian Rоublе RUR 1 11.90 0.08

Favorable еxchange rates of banks 03/09/2010
Currency Buy Sell
USD 366
ProCreditBank
367.5
“ArmSwissBank”
Euro 467
Byblos Bank Armenia
ProCreditBank
472
ArmBusinessBank
Armenian Development Bank
RUR 11.85
"VTB Bank (Armenia)"
BTA Bank
12
ACBA-CREDIT AGRICOLE BANK
Ameriabank
ProCreditBank

Macroeconomics
Indicator Term Figures
economic growth,% 2010-06 106.7
GBP, billion AMD 2010-06 1332
inflation, % 2010-07 103.7
Budget deficit (proficit), bln AMD 2010-06 16.9
trade deficit, mln USD 2010-06 -1281.2
foreign trade turnover, mln USD 2010-06 2116.8
foreign trade turnover, % 2010-06 129.8
Gross External Reserves, mln. USD 2010-06 1780
Monetary base, billion AMD 2010-06 434.5
Money supply, billion AMD 2010-06 786.6

Financial market
Indicator Term Figures
Anual interests on loans
Legal entities in AMD 2010-06 13.8
Legal entities in USD 2010-06 12.6
Individuals in AMD 2010-06 22.6
Individuals in USD 2010-06 19.2
Anual interests on deposits
Legal entities in AMD 2010-06 8.4
Legal entities in USD 2010-06 7.2
Individuals in AMD 2010-06 9.8
Individuals in USD 2010-06 5.4
Annual profitability
state stock of CBA, % 2008-08 8
fiscal stock of Armenia, % 2010-06 9.6

The percents of the CBA
Indicator Term Figures
Banking rate 2010-07 13
Repo 2010-07 7.25
Credit 2010-07 10.25
Depo 2010-07 4.25



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