
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—
$4.8 will be allocated for obtaining new textbooks for Armenian high schools
Armenian science not to face funding cutback
Armenian President discusses education reformation with chancellors of state universities
Armenia should not fall behind global processes in education sector – Ministry of Foreign Affairs
Funding of Armenian science is planned to increase 10 times by 2020 up to 2% of GDP of the country
Armenian government to allocate 8.3 billion drams to fund scientific research in 2010
Prime minister: yerevan state university into one of best universities of world
Memorandum on cooperation in education sector signed in Armenia
Armenian science ministry, National Academy of sciences unveil science development project
South-Caucasian railways to cooperate with state engineering university of Armenia
Deputy Minister: of 1.1 thousand students only 300-350 moved to other schools
Slavonic University, South Caucasus railroad open leadership school in Armenia
Cypriot universities offer scholarships for Armenian students

| 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 |