Society

Italian professor ready to help revive Armenian art restoration school

YEREVAN, November 13, /ARKA/. Francesco Gallo, a professor from the Academy of Fine Arts in Naples, Italy, said today in Yerevan he was ready to help revitalize the art restoration school in Armenia.

‘If such an invitation is extended to me I will accept it with pleasure and will help to revive the art restoration school of Armenia,’ he said at a news conference at Novosti International Press Center.

He said the revival of the restoration school is extremely important and the first step to be made is to decide which restoration school to follow- the French, Greek or Italian.

According to him, the French and Greek schools seek to restore destroyed objects, while the Italian is aimed at preservation of the available cultural legacy.

He said Armenian specialists should decide which direction to follow. He also added that they will have first of all to focus on restoration of monuments at Erebuni reserve-museum in Yerevan, many of which were destroyed during the Soviet times. He said all monuments need to be scrutinized and taken stock of.

Francesco Galo has arrived in Armenia to prepare an exhibition of prominent Armenian painter, Minas Avetisian’s works in Italy, scheduled for 2010. -0-

13/11/2009 17:57



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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