Society

Labor and social affairs minister resigns

YEREVAN, November 18, /ARKA/. Armenian labor and social affairs minister Gevork Petrosian has confirmed today that he has handed in his resignation. Speaking to journalists he said his move was prompted by his health condition.

Gevork Petrosian, a member of the Prosperous Armenia party, was appointed labor and social affairs minister on May 12, 2009 after his predecessor from the Armenian Revolutionary Federation resigned following his party’s departure from the ruling coalition.

Naira Zohrabian, a member of the Prosperous Armenia party’s parliamentary faction, told journalists the most hopeful candidate to take up the vacated position is Mkhitar Mnatsakanian, whose candidacy is supported by party chairman Gagik Tsarukian.

Mkhitar Mnatsakanian was elected chairman of the Armenian Red Cross Society in 2001. He was elected to parliament in 2007 parliamentary election on the Prosperous Armenia party’s ticket. -0-

18/11/2009 16:30


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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
 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



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