

YEREVAN, December 17. /ARKA/. Armenian President Serzh Sargsyan discussed education reformation with chancellors of state universities on Wednesday, the presidential press office reports.
The president said that such meetings would become regular.
“You’re your universities’ activities determine what specialists we will have tomorrow and what country we will have in the future,” he said.
The head of state stressed the necessity to apply new technologies to education process and to modernize labs.
He said he expected new initiatives and vigorous efforts from heads of universities to advance educational reforms.
The chancellors presented higher education problems to Sargsyan and their plans to improve the system.
In particular, obstacles on the way to join Bologna process and transition to a two-level education were discussed at the meeting.
Organizational and legal issues, private universities and Armenian citizens’ study abroad were discussed as well. -0--
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| 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 |
396 Ameriabank Ardshininvestbank Areximbank-Gazprombank Group “ArmSwissBank” |
| Euro | 540 “ArmSwissBank” |
546 Ameriabank |
| RUR | 13.35 BTA Bank |
13.5 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 |