Science & Education

Prime Minister of Armenia awarded certificates to the graduates of the Association of Acccountants and auditors of Armenia

YEREVAN, October 14. /ARKA/. On Wednesday Prime Minister of Armenia Tigran Sargsyan awarded certuificates to the graduates of the Association of Accountants and Auditors of Armenia.

"Accountants have an important mission in Armenia and we should invest international financial standards in Armenia”, said Sargsyan during his visit to the Association of Accountants and Auditors of Armenia and CJSC “National institute of standards”.

Mels Petrosyan, the head of the Association said that certificates are awarded to 105 specialists, from which 32 in the sphere of audit, 49 graduates received qualification of accountants and 24 – book-keepers. At present, 13 companies are included in Learning-Editorial Center of the Association which provides accounting services to the representatives of small and medium businesses.

“About 250 small and medium enterprises have already used the services of the Center and their number is increasing day-by-day. Thanks to the new price policy, we expect involvement of new companies in the activities of the Center”, said Petrosyan.

Haykanush Bagratunyan, representative of USAID said that they are supporting the Association for already 10 years and are glad that it provides qualified training of Armenian auditors and accountants. The Association publishes newspapers, journals and books. They organize professional, technical and other specialized short-term courses, training, retraining, double training and organization of standards, expertise and certificates for relevance of standards, organization of control and quality assurance.  -0-

14/10/2009 22:52



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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