Economy

Minister: Armenia aims at reducing greenhouse gases in atmosphere

YEREVAN, February 8. / ARKA /. Armenia is aimed at reducing emissions of greenhouse gases into the atmosphere through the application and use of new technologies, said the Minister of Nature Protection of Armenia Aram Harutyunyan.

"Science has proven that even if global emissions will be reduced to zero level, the climate change will continue, because the carbon dioxide and other greenhouse gases remain in the atmosphere for thousands of years," he said on

Friday during the discussion of the Second National Report on Climate Change.

According to him, the obligation to reduce greenhouse gases in the atmosphere is assumed by the developed countries, and the developing states are making efforts to contribute to this process while not assuming any obligations.

Harutyunyan noted that the main purpose of discussing the second draft on the national report on climate change, prepared by Armenia on the basis of the requirements of the UN Framework Convention on Climate Change, is the consideration of environmental issues and climate change.

"The report includes three important directions in the context of climate change - the current situation, possible solutions, as well as the projected expectations as a result of climate change," he said.

In this regard, the Minister stressed that climate change affects all spheres, including health, agriculture, economy, and development in general.

Countries supporters of the UN Framework Convention on Climate Change in accordance with their national and regional priorities, pledged to develop and periodically submit national reports to the discussion in the summit of supporters of the Convention.

Armenia prepared and presented its first re port at the summit in 1998.

The development objective of the report is to assist the implementation of Armenia's obligations emanating from the UN Framework Convention on Climate Change. 

Development of the report was conducted with the participation of broad sections of stakeholders and their extensive consultation. 

The basis for the development of the report has a departmental and statistical purpose. 
The analytical work involved more than 40 national experts, as well as the Research Institute of Energy and Public Service for Hydrometeorology and Monitoring.

United Nations Framework Convention on Climate Change - FCCC (Framework Convention on Climate Change, UN FCCC) is an agreement signed by more than 180 countries around the world, including Russia, all the countries of the former Soviet Union and all industrialized countries.

The Convention was solemnly adopted by the Earth Summit in Rio de Janeiro in 1992 and has been entered into force on March 21, 1994.  - 0 –

08/02/2010 12:47



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 12/03/2010
Currency Buy Sell
USD 391.5
Armenian Development Bank
394
ACBA-CREDIT AGRICOLE BANK
Araratbank
Byblos Bank Armenia
Conversebank
ProCreditBank
“ArmSwissBank”
Euro 534
"VTB Bank (Armenia)"
ACBA-CREDIT AGRICOLE BANK
Ameriabank
Prometey Bank
“ArmSwissBank”
541
ACBA-CREDIT AGRICOLE BANK
Cascade Bank
“ArmSwissBank”
RUR 13.2
"VTB Bank (Armenia)"
Ardshininvestbank
BTA Bank
Prometey Bank
13.35
ProCreditBank

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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