

YEREVAN, November 27. / ARKA /. The European Bank for Reconstruction and Development and the City of Yerevan will cooperate in development programs of the underground metro, trolley parks, and fee based parking lots.
As it was reported on the official site of the capital's city hall, the mayor of Yerevan Gagik Beglaryan and Business Group Director of the European Bank for Reconstruction and Development in South-Eastern Europe, Caucasus and Central Asia Olivier Descamps discussed the prospects of development of urban infrastructures.
According to the report, the EBRD will provide both consultations and credit funds.
"The successful negotiations inspire one to quickly launch the programs," Descamps said.
He also said that an agreement on the implementation of these programs, according to preliminary agreement will be signed in January of next year.
In his turn, the mayor of Yerevan suggested starting with small programs in order for the large-scale investments to be used more purposefully.
The EBRD is one of the largest investors in Armenia.
Investments of the European Bank for Reconstruction and Development in Armenia in 2009 will total 150 million USD versus 75 million USD for the year 2008.
Currently, the EBRD has invested more than 335 million Euros in the implementation of more than 70 programs in various sectors of the economy of Armenia. - 0 --
Russian investments in Armenian economy in Jan.-July grew to $116.9 million
Armenia’s Median Wage in July Rises By 8.9% to 116, 476 Drams
Armenia’s state foreign debt grows to $3.027.4 billion as of June 30
Armenia’s gross forex reserves drop by 6.5% to $1.786.82 billion
Government of Armenia approved estasblishment of crisis management center costing 5.3 billion drams
Armenia to receive $53 million from IFAD
Largest Armenian taxpayers’ imports total amd 51.4 billion in June
Profit rates of large Armenian enterprises increased by 19.7% in June 2010
Nalbandyan: Russian investments in Armenia at $ 2,750 billion
U.S. government to provide $53 million to Armenia for economic development and social reforms
Armenian State Revenue Committee to Introduce VAT Automatic Return System
ENA tops list of 300 biggest taxpayers to Social Security Fund
Armenian Government Lends AMD 77.81 Million to 19 Victims of Stalin Repressions on Privileged Terms

| Market exchange rates 02/09/2010 | ||||
|---|---|---|---|---|
| Currency | Symbol | Unit | Rate | Changes |
| USA Dollar | USD | 1 | 365.03 | 1.29 |
| Euro | EUR | 1 | 468.19 | 3.8 |
| Russian Rоublе | RUR | 1 | 11.90 | 0.08 |
| Favorable еxchange rates of banks 03/09/2010 | ||
|---|---|---|
| Currency | Buy | Sell |
| USD | 366 ProCreditBank |
367.5 “ArmSwissBank” |
| Euro | 467 Byblos Bank Armenia ProCreditBank |
472 ArmBusinessBank Armenian Development Bank |
| RUR | 11.85 "VTB Bank (Armenia)" BTA Bank |
12 ACBA-CREDIT AGRICOLE BANK Ameriabank ProCreditBank |
| Macroeconomics | ||
|---|---|---|
| Indicator | Term | Figures |
| economic growth,% | 2010-06 | 106.7 |
| GBP, billion AMD | 2010-06 | 1332 |
| inflation, % | 2010-07 | 103.7 |
| Budget deficit (proficit), bln AMD | 2010-06 | 16.9 |
| trade deficit, mln USD | 2010-06 | -1281.2 |
| foreign trade turnover, mln USD | 2010-06 | 2116.8 |
| foreign trade turnover, % | 2010-06 | 129.8 |
| Gross External Reserves, mln. USD | 2010-06 | 1780 |
| Monetary base, billion AMD | 2010-06 | 434.5 |
| Money supply, billion AMD | 2010-06 | 786.6 |
| Financial market | ||
|---|---|---|
| Indicator | Term | Figures |
| Anual interests on loans | ||
| Legal entities in AMD | 2010-06 | 13.8 |
| Legal entities in USD | 2010-06 | 12.6 |
| Individuals in AMD | 2010-06 | 22.6 |
| Individuals in USD | 2010-06 | 19.2 |
| Anual interests on deposits | ||
| Legal entities in AMD | 2010-06 | 8.4 |
| Legal entities in USD | 2010-06 | 7.2 |
| Individuals in AMD | 2010-06 | 9.8 |
| Individuals in USD | 2010-06 | 5.4 |
| Annual profitability | ||
| state stock of CBA, % | 2008-08 | 8 |
| fiscal stock of Armenia, % | 2010-06 | 9.6 |
| The percents of the CBA | ||
|---|---|---|
| Indicator | Term | Figures |
| Banking rate | 2010-07 | 13 |
| Repo | 2010-07 | 7.25 |
| Credit | 2010-07 | 10.25 |
| Depo | 2010-07 | 4.25 |