Finance

Tourism development requires serious investments in Armenia

YEREVAN, April 22. /ARKA/. The development of the tourist industry in the Kotayk region of Armenia requires serious investments.

At a news conference held in the RA Ministry of Territorial Administration, Kotayk Governor Kovalenko Shahgaldyan stated that the Kotayk region has the largest number of historical and cultural monuments in Armenia. Arzni, Tsakhkadzor, Aghveran, Garni and Geghard are touristy places.

Shahgaldyan reported that it is the Kotayk region that is visited by over 70% of foreign tourists in Armenia.

“The Kotayk region has great potential for tourism development, which, however, requires serious investments – both government and foreign investments, as well as donations,” Shahgaldyan said. –0--

22/04/2009 19:29


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Market USD exchange rates
Market EUR exchange rates
Market exchange rates 08/02/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 378.25 0.13
Euro EUR 1 518.16 1.27
Russian Rоublе RUR 1 12.41 0.01

Favorable еxchange rates of banks 09/02/2010
Currency Buy Sell
USD 378
"VTB Bank (Armenia)"
Unibank
“ArmSwissBank”
 379.5
Cascade Bank
Euro 516
“ArmSwissBank”
 522
ACBA-CREDIT AGRICOLE BANK
Ameriabank
Araratbank
BTA Bank
Mellat Bank
Prometey Bank
RUR 12.25
BTA Bank
Prometey Bank
“ArmSwissBank”
 12.45
Ameriabank
Armeconombank
ProCreditBank

Macroeconomics
Indicator Term Figures
economic growth,% 2009-11 84
GBP, billion AMD 2009-11 2786.7
inflation, % 2009-12 106.5
Budget deficit (proficit), bln AMD 2009-11 114.9
trade deficit, mln USD 2009-11 -2322.8
foreign trade turnover, mln USD 2009-11 3570.9
foreign trade turnover, % 2009-11 71.5
Gross External Reserves, mln. USD 2009-11 2115.89
Monetary base, billion AMD 2009-11 464.5
Money supply, billion AMD 2009-11 775.6

Financial market
Indicator Term Figures
Anual interests on loans
Legal entities in AMD 2009-12 14.8
Legal entities in USD 2009-12 12.5
Individuals in AMD 2009-12 21.5
Individuals in USD 2009-12 17.9
Anual interests on deposits
Legal entities in AMD 2009-12 7.5
Legal entities in USD 2009-12 6.9
Individuals in AMD 2009-12 9.1
Individuals in USD 2009-12 5.5
Annual profitability
state stock of CBA, % 2008-08 8
fiscal stock of Armenia, % 2009-12 8.9

The percents of the CBA
Indicator Term Figures
Banking rate 2010-01 13
Repo 2010-01 5.5
Credit 2010-01 8.5
Depo 2010-01 2.5



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