Finance

Armenia expects abou 19 mln usd from millennium challenge corporation

The Millennium Challenge Account - Armenia expects to receive from the Millennium Challenge Corporation $ 18.966 million for agricultural development in April-June 2010, the press service of the Government of Armenia reported.
15/03/2010 18:20

Armenia’s median nominal wage in 2009 was 101,895 drams

Armenia’s median nominal wage in 2009 was 101,895 Drams, chief of Armenia’s National Statistical Service Stepan Mnatsakanian said today. He said it grew by 9.8% from 2008.
12/03/2010 20:13

EBRD to provide EURO 15 million for major reconstruction of Yerevan underground railway

The European Bank for Reconstruction and Development (EBRD) will provide EURO 15 million loan to Yerevan underground railway for a major reconstruction.
10/03/2010 15:12

Armenia’s state foreign debt last year grew by 88.1%

Armenia’s state foreign debt last year grew by 88.1% (or $1.389.6 billion) from 2008 to $2.966.7 billion or 1.121.1 trillion Drams, the National Statistical Service reported.
09/03/2010 14:18

EBRD earmarks $118 million to Armenian banks under multi-bank framework facility ii program

European Bank for Reconstruction and Development has earmarked $118 million to Armenian banks under Multi-Bank Framework Facility II program.
05/03/2010 18:11

Armenian taxmen collect 51.1 billion drams of revenues in January

Armenian tax and customs authorities collected a total of 51.1 billion Drams of different revenues in the first month of 2010, by 22.3% or 9.3 billion Drams more than a year ago, the ministry of finance reported.
03/03/2010 17:20

ARTOC group interested in investing in Armenia

International company ARTOC Group is interested in investing in Armenia, its president Shafik Gabr, told Tuesday in Yerevan during a meeting with Armenian economy minister Nerses Yeritsian.
03/03/2010 12:41

Armenian president and government officials discusses ways for radical improvement of tax administration

Armenian president Serzh Sargsyan convened today a special meeting to discuss ways for radical improvement of tax administration, his press office reported.
27/02/2010 16:05

Ameriabank to sign three loan agreements with EBRD worth $30 million

Armenian Ameriabank will sign three loan agreements in spring with the European Bank for Reconstruction and Development (EBRD) worth $30 million, its development manager Tigran Jrbashian said today.
26/02/2010 19:27

Ameriabank: Armenia can record higher-than-expected economic growth in 2010

Tigran Jrbashyan, development director of Ameriabank finds the 1.2% economic growth outlook for Armenia in 2010 pessimistic.
26/02/2010 19:25

Procredit bank’s credit portfolio grew last year by $10 million to $33.6 million

ProCredit Bank said today its credit portfolio grew last year by $10 million to $33.6 million. In an interview with ARKA news agency its executive manager Bertold Herzfeld said against the backdrop of expectations that the economic situation is going to i
25/02/2010 19:59

Deputy minister downplays concerns that imposition of additional taxes would increase social burden

A deputy territorial management minister downplayed Friday popular concerns that introduction of additional taxes would only increase the social burden
22/02/2010 11:58

Armenian median wage in 2010 January grows by 8.8% year-on-year to 101,704 drams

Armenian median wage in 2010 January grew by 8.8% from a year before to 101,704 Drams, the National Statistical Service reported.
20/02/2010 13:57

MP: Amendments to tax laws specifying local authorities’ powers

The government-proposed amendments to tax laws don’t widen local governing institutions’ powers, but only specify them, Vardan Ayvazyan, chairman of Armenian National Assembly’s economic committee, said on Wednesday.
18/02/2010 13:01

Volume of taxes and mandatory payments made by largest 325 taxpayers slash last year by 38.4 billion drams to 167.9 billion drams

The volume of paid taxes and other mandatory payments made last year by Armenia’s largest 325 taxpayers slashed by 38.4 billion Drams from a year before to 167.9 billion Drams, the State Revenue Committee said in its analysis of aggregate indicators of mo
17/02/2010 19:11


Market USD exchange rates
Market EUR exchange rates
Market exchange rates 15/03/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 394.48 1.86
Euro EUR 1 540.91 0.9
Russian Rоublе RUR 1 13.44 0.04

Favorable еxchange rates of banks 15/03/2010
Currency Buy Sell
USD 394
ArmBusinessBank
 396
Ameriabank
Ardshininvestbank
Areximbank-Gazprombank Group
“ArmSwissBank”
Euro 540
“ArmSwissBank”
 546
Ameriabank
RUR 13.35
BTA Bank
 13.5
ACBA-CREDIT AGRICOLE BANK
Ameriabank

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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