

YEREVAN, November 30. / ARKA /. The current phase of the Karabakh settlement offers hope to reach its decision within a reasonable time, President of Armenia, Chairman of the Republican Party of Armenia Serzh Sargsyan said on Saturday.
"It is clear to any sensible person that a conflict resolution is an extremely complex process, and the decision could take years. However, the current stage of the hope promises that within a reasonable time this may be taken to its logical end," Serzh Sargsyan said at the congress of the RPA.
As the president believes, unequivocally, that conflicts are long-term and stable solution only if based on fair and reasonable concessions.
"Gone are the days of colonization of the peoples living on their own land. We have publicly stated that the Karabakh settlement should be based on the decision and the will of the people of Karabakh, as a society, reflecting the common will. Only in this case, the solution can be productive, long-term, achievable, and peaceful, " Sargsyan said.
According to the head of state, in this case all parties of the Karabakh conflict an agreement should be reached around a single package that will contain all matters and all internationally enshrined mechanisms that provide a solution to this conflict.
The beginning of the Karabakh conflict was settled in 1988, following a statement to withdraw from Azerbaijan by the predominantly Armenian-populated Nagorno-Karabakh. On December 10, 1991 there was held a referendum in Nagorno-Karabakh, in which 99.89% voted for full independence from Azerbaijan.
Following that Azerbaijan initiated large-scale war fares that led to a loss of control not only over Nagorno-Karabakh but also seven adjacent districts.
From 12th of May of 1994, after the entry of the tripartite agreement on truce in the conflict zone hostilities, in which around 25-30 thousand people were killed from both sides and nearly 1 million were forced to flee their homes, were ceased.
The agreement on the establishment of the ceasefire has been followed until now. From 1992 to date, negotiations are being held for a peaceful settlement of the conflict within the OSCE Minsk Group co-chaired by the United States, Russia and France. –0-
Two Armenian cabinet ministers resign
Armenia and Poland to establish intergovernmental commission on economic cooperation
Closer relations between Armenia and EU pose no threat to Armenian-Russian relations
Russian political analyst: Armenian-Turkish relationship improvement stalls
Dashnakcutyun: recognition of Armenian genocide not anti-turkish policy
U.S. Congress committee on international relations passes resolution recognizing genocide
Armenian National Congress develops ‘100 steps’ program of radical social and economic changes
Regional policy and instruments workshop to be held in Vanadzor, Armenia
Opening of Armenian-Turkish border won’t affect demand for domestic products
Armenian Prime Minister hopes for further development of past year’s success
Armenia’s Constitutional Court upholds legality of North-South transport corridor investment program

| Market exchange rates 15/03/2010 | ||||
|---|---|---|---|---|
| Currency | Symbol | Unit | Rate | Changes |
| USA Dollar | USD | 1 | 394.48 | 1.86 |
| Euro | EUR | 1 | 540.91 | 0.9 |
| Russian Rоublе | RUR | 1 | 13.44 | 0.04 |
| Favorable еxchange rates of banks 15/03/2010 | ||
|---|---|---|
| Currency | Buy | Sell |
| USD | 394 ArmBusinessBank |
396 Ameriabank Ardshininvestbank Areximbank-Gazprombank Group “ArmSwissBank” |
| Euro | 540 “ArmSwissBank” |
546 Ameriabank |
| RUR | 13.35 BTA Bank |
13.5 ACBA-CREDIT AGRICOLE BANK Ameriabank |
| 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 |