Science & Education

Armenia should not fall behind global processes in education sector – Ministry of Foreign Affairs

YEREVAN, November 20. /ARKA/. “Armenia should not fall behind global processes in education sector”, said Arman Kirakosyan, Deputy Minister of Foreign Affairs of Armenia.

“Armenia has always occupied high position in education sector and transferred scientific values from generation to generation. Today, in the era of technologies, it is very important not to fall behind global processes”, said Kirakosyan.

For this purpose it is necessary to develop close international cooperation in education sector. Armenia is involved in the activities of many international organizations of education sector and the Ministry of Foreign Affairs actively assists in this endeavor. Naira Zohrabyan, Head of Standing Committee on European Integration Issues said that policy of “European Neighborhood” and initiative “East Partnership” is a good chance for cooperation in education sector.  -0-

20/11/2009 19:45


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Market USD exchange rates
Market EUR exchange rates
Market exchange rates 15/03/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 394.48 1.86
Euro EUR 1 540.91 0.9
Russian Rоublе RUR 1 13.44 0.04

Favorable еxchange rates of banks 15/03/2010
Currency Buy Sell
USD 394
ArmBusinessBank
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Ameriabank
Ardshininvestbank
Areximbank-Gazprombank Group
“ArmSwissBank”
Euro 540
“ArmSwissBank”
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Ameriabank
RUR 13.35
BTA Bank
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ACBA-CREDIT AGRICOLE BANK
Ameriabank

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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