Science & Education

Armenian government to allocate 8.3 billion drams to fund scientific research in 2010

YEREVAN, November 4, /ARKA/. The Armenian government plans to allocate 8.3 billion Drams to fund scientific research next year, first deputy minister of finance Pavel Safarian said Tuesday during a parliamentary hearing on the 2010 draft budget. He said science spending has not been slashed and will remain on the 2009 level.
 
According to the deputy minister, the funds will be directed to three major research directions- fundamental, targeted and thematic. Some 5.2 billion Drams are earmarked to support fundamental research and 1.5 billion Drams will be spent on thematic or contractual research work.
 
According to Pavel Safarian, some 529 million Drams will be paid to scientists with academic degrees. The extra payment will be from 10,000 to 20,000 Drams.
 
According to the 2010 draft budget, the government plans to collect 676. 6 billion Drams of revenues, down from 772 billion projected for 2009. It also plans to spend 859.6 billion drams, of which 85.7% will be current expenditures. Tax revenues for 2010 are projected at 533 billion Drams, up from 510 billion, projected for 2009. M.M. -0-

 

05/11/2009 09:29



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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