Science & Education

Armenian science not to face funding cutback

YEREVAN, December 23, /ARKA/. Chairman of the Armenian State Committee on Science, Samvel Harutyunian, said today science funding will not be cut next year and will be 8.2 billion Drams, as much as in 2008.

Speaking at a news conference convened to sum up the outgoing year he said this inspires hopes that all projected programs will be fulfilled.

He said the scientific community is grateful to the president and prime minister for keeping funding at the same level as in 2008, despite the ongoing financial-economic crisis.

He said next year scientific research funding procedure will change and researchers will have to take part in competitions to win grants. Researchers from Nagorno-Karabakh and the Armenian Diaspora will be eligible to participate as well.

Samvel Harutyunian said the State Committee on Science plans to continue cooperation with peers abroad and international organizations, to establish research centers in Armenia and attract young scientists.

He said they plan to establish especially close cooperation with colleagues from Russia, Belarus and Germany. Besides, they plan to continue cooperation with International Scientific-Technical Center, French Centre National de Recherche Scientifique, U.S. Civil Research and Development Center and the National Fund for Science and Advanced Technologies.

He said the Armenian research centers are expected to join the Black Sea Interconnection’s GRID system , an international network infrastructure among research and education networks in the South Caucasus region that has 240 members. M.M. -0-

23/12/2009 21:34



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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