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


Read also in this part

Orange to invest $50 million in its Armenian subsidiary

Armenian mobile telecommunication operators topping list of advertisers

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

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

Authorized capital of venture fund to make $40 million.

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

Armenian economy ministry denies rumors its website was broken by hackers

ADC offers substantial savings for broadband internet, data pro services

Cisco stands ready to deliver communication services in Armenia

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

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

Orange to present innovations on Armenian market

Incubator enterprise foundation to present Armenia at Eurasec advanced technologies center

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

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


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



...