Politics

Ministry of foreign affairs of Russia: Armenian-Russian cooperation corresponds to the level of strategic partnership

YEREVAN, January 14. /ARKA/. “Armenian-Russian cooperation corresponds to the level of strategic partnership”, said Sergey Lavrov, Minister of Foreign Affairs of Russia during the press-conference on Wednesday.

“Armenia is our strategic partner and ally and our relations completely correspond to it. Our presidents frequently meet with each other and sign agreements on deepening the partnership”, he said. Lavrov was in Armenia on January 13-14. During the meeting with his Armenian colleague, Lavrov discussed the process of implementation of agreements signed between the presidents.

Both parties stated that the process goes on successfully. The parties discussed also mutual trade-economic relations undertaken in the direction of elimination of crisis consequences. They emphasized the importance of mutual cooperation of the regions having high potential. One of the important directions of cooperation is humanitarian relations which develop through the Board and Fund of NIS humanitarian cooperation.

“On the basis of Russian Center of science and culture in Yerevan, last month Center of Russian language was established and this month Center of innovative technologies will be established. We agreed that Russian side on behalf of Diplomatic academy of Ministry of Foreign Affairs of Russia and Moscow State University of International Relations will assist in the establishment of Diplomatic academy of Ministry of Foreign Affairs of Armenia”, said the Minister.

The parties also discussed the issues of future representation of Russia in NIS, particularly preparation for the Board Meeting of NIS Ministry of Foreign Affairs on March 25, 2010. “We discussed issues of regional security, regulation of Karabakh problem. Russia will assist in gaining agreement of solving Karabakh problem during negotiations of both parties”, said Lavrov.

He thanked Armenia for the support in reconstruction of the monument to the memory of 156 officers of Russian army in Gyumri who died during Russian-Turkish war in 1855 and 1877-1878. Opening of the memorial will be one of the important events in the frames of celebration of 65th anniversary of victory of World War II in Armenia. --0—

14/01/2010 20:37



Market USD exchange rates
Market EUR exchange rates
Market exchange rates 12/03/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 392.62 1.21
Euro EUR 1 540.01 5.34
Russian Rоublе RUR 1 13.40 0.11

Favorable еxchange rates of banks 12/03/2010
Currency Buy Sell
USD 391.5
Armenian Development Bank
394
ACBA-CREDIT AGRICOLE BANK
Araratbank
Byblos Bank Armenia
Conversebank
ProCreditBank
“ArmSwissBank”
Euro 534
"VTB Bank (Armenia)"
ACBA-CREDIT AGRICOLE BANK
Ameriabank
Prometey Bank
“ArmSwissBank”
541
ACBA-CREDIT AGRICOLE BANK
Cascade Bank
“ArmSwissBank”
RUR 13.2
"VTB Bank (Armenia)"
Ardshininvestbank
BTA Bank
Prometey Bank
13.35
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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