Finance

EBRD to develop subway, trolley parks and paid parking lots in Yerevan


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 --

27/11/2009 13:33



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



...