Energy

New energy block of Armenian nuclear power station will correspond to the norms of seismic protection

YEREVAN, December 8. /ARKA/. “New energy block of Armenian Nuclear Power Station will fully correspond to the norms of seismic protection”, said Alvaro Antonyan, Head of National Service of Seismic Protection of Armenia during the press-conference.

“Every two years we conduct monitoring of the territory on which Armenian Nuclear Power Station is located and we plan to build new energy block. We approve that this region is not seismically dangerous”, said Antonyan. Seismic potential of the given territory corresponds to all the norms of seismic protection and Armenian Nuclear Power Station and the new energy block will function normally.

Armenia plans to build new block of Armenian Nuclear Power Station with the capacity of about 1000 MVt and according to the data of the Ministry of Energy of Armenia, the given project can cost about $5 billion. With the aim of involvement of foreign capital for the implementation of the project in 2006, Parliament of Armenia legislatively changed state monopoly of possession of new nuclear blocks.

Construction works will start in 2011. Armenian Nuclear Power Station is located near the city Metsamor (about 20-30 km to the South from Yerevan). The station is operating since 1976 and currently only second block of the station with the capacity of 407.5 MVt is functioning. Financial flows of Armenian Nuclear Power Station are under the trust management of Open JSC “INTER RAO EEC” since September 2003 up to 2013 the owner of which is Russian state corporation “Rosatom”. By the assessment of the specialists, Armenian Nuclear Power Station can function till 2016.  --0—

08/12/2009 08:55



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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