Information Technologies

Incubator enterprise foundation to present Armenia at Eurasec advanced technologies center

YEREVAN, June 15. /ARKA/. The Incubator Enterprise Foundation (EIF) will represent Armenia at the EurAsEC center for advanced technologies, RA Prime Minister Tigran Sargsyan reported.

During the June 9 meeting in Moscow, the EurAsEc Intergovernmental Council approved a concept of establishing a center for advanced technologies.

“Agreements reached in the field of advanced technologies imply that each member state is to choose its best company to represent the country,” Sargsyan was quoted as saying as he summed up the results of the meeting.

EIF Director Bagrat Yengibaryan has been chosen as Armenia’s representative in the EurAsEc center for advanced technologies.

According to Sargysan, EIF aims at boosting innovation business in Armenia with the financial assistance of the World Bank. “We believe the foundation and its director will present Armenia to the best advantage,” the premier concluded.  –0--

15/06/2009 11:31


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Market USD exchange rates
Market EUR exchange rates
Market exchange rates 10/03/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 389.94 1.02
Euro EUR 1 529.58 0.88
Russian Rоublе RUR 1 13.12 0.04

Favorable еxchange rates of banks 10/03/2010
Currency Buy Sell
USD 389
"VTB Bank (Armenia)"
ACBA-CREDIT AGRICOLE BANK
Araratbank
Armenian Development Bank
Artsakhbank
Byblos Bank Armenia
ProCreditBank
Prometey Bank
“ArmSwissBank”
 392
ACBA-CREDIT AGRICOLE BANK
Ameriabank
Araratbank
Ardshininvestbank
BTA Bank
Conversebank
HSBC Bank Armenia
“ArmSwissBank”
Euro 528
ACBA-CREDIT AGRICOLE BANK
Prometey Bank
 534
Ameriabank
RUR 13
ACBA-CREDIT AGRICOLE BANK
Artsakhbank
 13.2
ACBA-CREDIT AGRICOLE BANK
Ameriabank
ProCreditBank

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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