Information Technologies

Orange to invest $50 million in its Armenian subsidiary

Olaf Swantee, Orange French telecommunications operator’s executive vice president for Europe, said today the company will invest $50 million in its Orange Armenia subsidiary in 2010.
24/06/2010 18:07

Armenian mobile telecommunication operators topping list of advertisers

Armenian mobile telecommunication operators - ArmenTel (Beeline brand), VivaCell-MTS and Orange Armenia – found themselves atop February’s list of Armenian advertisers.
24/03/2010 22:29

Prime minister: Technoparks will play an important role in the development of science intensive economy in Armenia

Tachnoparks will play an important role in the development of science intensive economy in Armenia, said Tigran Sargsyan, Prime Minister of Armenia on Wednesday during the meeting with delegation of international investment company ARTOC group headed by S
03/03/2010 17:23

Lecture for businessmen and marketing specialists on the subject “creation of brand and its management will take place in Yerevan

Union of Information Technologies (UITE) with the support of SPMS organizes lecture on the subject “Creation of brand and its management”. The aim of the seminar is to develop potential of the companies in the given sphere.
22/01/2010 20:03

Authorized capital of venture fund to make $40 million.

Vache Kirakosian, head of an economy ministry department in charge of information and high technologies, said Monday the authorized capital of a venture fund to be established in Armenia will make $40 million.
01/12/2009 17:52

Study: about 50% of IT departments’ graduates have no intention to work in this area

About 50% of IT departments’ graduates have no intention to work in this area, and 50% of the remaining graduates can’t find jobs here because of unfit qualification, Bagrat Yengibaryan, director of Enterprise Incubator Foundation, said.
16/09/2009 18:38

Armenian economy ministry denies rumors its website was broken by hackers

The Ministry of Economy of Armenia denied the information that its official website has been broken by Azerbaijani hackers.
15/08/2009 15:48

ADC offers substantial savings for broadband internet, data pro services

Armenian Datacom Company CJSC (ADC) has launched a new business offer. From July 15 to July 31, the “Pay less, get more” campaign offers substantial savings as well as several benefits at the same time, for new connections to both Broadband Internet and D
14/07/2009 20:26

Cisco stands ready to deliver communication services in Armenia

Cisco stands ready to offer a myriad of communication solutions to Armenian consumers, said Pavel Burba, head of the Cisco representation in Armenia, Georgia, Moldova and Belarus.
04/07/2009 17:31

28 government agencies to be included in e-workflow system in Armenia by end of 2009

Twenty-eight government agencies are to be included in the system of electronic document flow in Armenia by the end of 2009, head of government administration David Sargsyan told journalists Thursday.
26/06/2009 09:39

Poll: crisis to cause gradual business decline in Armenian IT-sector:

The results of an on-line poll available on the ARKA-Telecom site show that 36.4% of the respondents believe the global financial and economic crisis will cause a gradual decline in the Armenian IT-sector.
15/06/2009 19:49

Orange to present innovations on Armenian market

The Orange Company will present innovations on the Armenian Internet and mobile communication markets, Vice-President Olaf Swantee told reporters.
15/06/2009 18:18

Incubator enterprise foundation to present Armenia at Eurasec advanced technologies center

The Incubator Enterprise Foundation (EIF) will represent Armenia at the EurAsEC center for advanced technologies, RA Prime Minister Tigran Sargsyan reported.
15/06/2009 11:31

Grant Thornton Amiot: Armenia’s it sector attracts investors for its fast development

Armenia’s IT sector attracts investors for its fast development, Gurgen Hakobyan, shareholder of Grant Thornton Amiot audit and consulting company, said on Sunday at a regular meeting of IT area’s prominent figures in Aghveran, Armenia.
11/05/2009 19:29

WB to allocate $1mln to Armenia for internet access program

The World Bank (WB) will allocate $1mln to Armenia for preparing an Internet access program.
23/02/2009 20:06


Market USD exchange rates
Market EUR exchange rates
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



...