Science & Education

Slavonic University, South Caucasus railroad open leadership school in Armenia

YEREVAN, August 4. /ARKA/. General Director of South Caucasus Railroad cjsc Shevket Shaydulin and Rector of the Russian-Armenian (Slavonic) University Armen Darbinyan signed a memorandum about opening a corporate management school “School of leadership”, the press service of the South Caucasus Railroad reported.

The aim of the school is to train specialists for the South Caucasus Railroad cjsc, including top managers. According to the project terms, some 20 top managers and another 20 mid-management staff are to attend training courses in 2009/2010 academic year.

The school curriculum is developed by leading Armenian management specialists from the Russian-Armenian (Slavonic) University, who have extensive practical, scientific and teaching experience.

The curriculum includes management economics, financial management, commerce, applied strategic management, risk management under uncertain conditions, business analysis, tax management in corporations, human resources management, investment planning and management accounting. The focus of the studies is how to improve the efficiency of the company under financial and economic crisis conditions.

The joint project of the Russian-Armenian (Slavonic) University and the South Caucasus Railroad company is expected to attract a number of other major companies to cooperation.

Certain business structures have already expressed their interest in participation in the School of Leadership, the project authors Shevket Shaydulin and Armen Darbinyan said. They expressed confidence that the school will not be a one-time project and that it will help establish a sound approach for conducting a business in Armenia. –0—

04/08/2009 21:23



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



...