Information Technologies

Orange to present innovations on Armenian market

YEREVAN, June 15. /ARKA/. The Orange Company will present innovations on the Armenian Internet and mobile communication markets, Vice-President Olaf Swantee told reporters.

The Orange Company places emphasis on technological innovations on the Armenian Internet and mobile communication market, he said.

According to him, any Armenian citizen must have Internet access by means of special mobile devices and computers. The best way of reaching results is to introduce all the modern technologies in Armenia, render highest-quality services and form a professional team, Swantee said.

Orange Armenia, fully owned by France Telecom (Orange brand) received a final license on November 19, 2008. The 15-year license grant the company a 10-year right to use radio frequencies and assign telephone numbers with the following codes: +374(0)55 and +374(0)95.

On October 7, 2008, the RA Tender Commission announced France Telecom (Orange brand) a winner of a contest for the third mobile operator of Armenia. The company made the largest tender for a GSM license - €51.5mln.

Two mobile operators had been working on the Armenian mobile communication market before – ArmenTel (fully owned by VimpelCom), and VivaCell, with its control, stock held by MTS (Russia). –0--

15/06/2009 18:18



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



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