Politics

Armenian Prime Minister hopes for further development of past year’s success

YEREVAN, February 1. /ARKA/. Armenian Prime Minister Tigran Sargsyan hopes for further development of the success Armenia showed in 2009.

“I am convinced that our success not only will become stronger, but also will develop,” he said Friday at the cabinet meeting. “I want to thank all for a good job in difficult 2009.”

He said that the reports ministers presented at recent cabinet meetings showed not only faults, but also achievements.

These reports, he said, helped outline top-priority objectives for 2010.

The premier singled out four areas as most successful in 2009.

The first was Armenian State Revenue Committee’s activities, which resulted in lessening overpays and leaving economy entities with additional AMD 25 billion.

Sargsyan said that 32,000 small and midsize entities enjoyed preferences totaling AMD 24 billion that year.

Tax accounting was simplified and AMD 3.7 billion was allocated in 2009 for paying bonuses to the country’s population on cash register check draw.

The second successful area the premier pointed out was public health, where the state policy of obstetrics has produced visible results – the number of childbirths rose by 3,000, and shadow dealing in this area lessened from 90% to 21%. .

Sargsyan also found social sector’s achievements remarkable.

“Amid 14-percent economic decline, we have managed to raise pensions by 16%, benefits by 12% and lump-sum benefit for third and next child birth from AMD 300,000 to AMD 430,000,” he said.

The premier called Armenian Police’s job very successful.

He said the number of traffic accidents has become significantly smaller for seven years.

In the Commonwealth of Independent States, this reduction was most impressing.

The prime minister stressed that the number of killed in traffic accidents was smaller than that of 2008 by 84, and the number of injured shrank by 372.

He said that it would be better to speak not only about our faults and the challenges the crisis has brought to the country, but also about achievements.

Sargsyan said that there were also other successful sectors in Armenia in 2009, but the mentioned sectors’ achievements have brought benefit to all Armenian families. -0—

01/02/2010 21:03



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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