
YEREVAN, September 25. /ARKA/. A memorandum about cooperation on secondary and vocational education was signed by Armenian Minister of Education and Science Armen Ashotyan, Chairman of Union of Manufacturers and Businessmen Arsen Ghazaryan and Chairman of Chamber of Industry and Commerce Martin Sargsyan.
The aim of the memorandum is to help adapt educational services to the needs of today’s domestic labor market.
The memorandum is to considerably raise the quality of secondary and vocational education, introduce innovative technologies and strengthen employer-employee relationship, Ashotyan said.
Arsen Ghazaryan, in his turn, said that comprehensive studies of local labor market showed lack of qualified personnel and skilled workers in particular.
Before to start working all workers attend additional training at factories and plants, which affects efficiency of operations, Ghazaryan said.
Ashotyan stressed the importance of the signed document in making educational service meet the real market needs.
Same kind of reforms is to be implemented in higher education field, Ashotyan said. –0—
President of Armenia congratulated students and teachers on Day of Knowledge
Sabotage of High School System in Armenia Useless - Minister Of Education
Mayor: Yerevan Schools Ready for Next School Year
Mechanisms of internal and external assessment will be introduced in the schools of Armenia
Scientific project candle in Armenia is becoming real
Seven private higher education institutions in Armenia stripped of their licenses
About 20 armenian saturday schools operate in Belgium
The Number of Places Increased for Students from Karabakh in Armenian Higher Education Institutions
Premier: Armenian universities will gradually enlarge
Prime Minister of Armenia discussed problems of education with youth activists
Authors of “Dilijan International School” considering room to suspend project implementation
Minister: Research universities to act in Armenia since 2011
Half of Armenian Schools Need Renovation or Reconstruction
Group of International Experts of The Projct “Candle” will Visit Armenia on June 29-30

| 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 |