Energy

Armenian power production down by 7 percent

YEREVAN, December 23, /ARKA/. Armenian power generating facilities produced this year 5.680 billion KWH electricity, by 7% less than in 2008, energy and mineral resources minister Armen Movsisyan said today.
 
Speaking at a news conference he said the entire generated electricity was sold. He explained the decline by the fact that mining, cement and chemical enterprises, major power consumers, had to halt their operations at the beginning of the year.
 
According to the minister, hydropower pants accounted this year for 2 billion KWh electricity. He said power generated by small hydropower plants rose to 335 million KWH from 259 million KWh last year.
 
Thermal power plants produced 1.1 billion KWH electricity, down from 1.,8 billion last year. M.M. -0

23/12/2009 15:15


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Market USD exchange rates
Market EUR exchange rates
Market exchange rates 11/03/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 391.41 1.47
Euro EUR 1 534.67 5.09
Russian Rоublе RUR 1 13.29 0.17

Favorable еxchange rates of banks 11/03/2010
Currency Buy Sell
USD 390.5
Armenian Development Bank
 392.5
“ArmSwissBank”
Euro 531
ACBA-CREDIT AGRICOLE BANK
 537
ACBA-CREDIT AGRICOLE BANK
Cascade Bank
“ArmSwissBank”
RUR 13.1
Ardshininvestbank
BTA Bank
 13.25
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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