
YEREVAN, October 27, /ARKA/. The South Caucasian Railways (SCR) company will launch a regular electrical train between Armavir and Aragats towns.
A press release by the company said the train will start running between the two towns on November 1.
The train will leave for Aragats at 12.40 pm and arrive at 13.57 pm and will set off back to Armavir at 14.20 pm., the press release said. The fair for one way trip will be 300 Drams. Students will pay 150 Drams.
In 2007 the Armenian government called a tender for a 30-year concession to modernize and operate Armenian Railways. An Indian RITES and Russian Railways companies qualified to bid, but the Indian company withdrew later.
The Russian Railways was the only bidder and has set up South Caucasian Railway as a subsidiary to run the Armenian Railway. On the 1st of June 2008 South Caucasus Railways has officially started commercial operations under a concession agreement.
In that connection, by 1 June 2008, SCR, a wholly-owned subsidiary of Russian Railways, received the property owned by Armenian Railways consisting of 2,000 freight cars, 58 passenger coaches, 85 locomotives and 30 electric trains. The concession agreement was concluded for 30 years, with a right of extension for another 20 years after the first 20 years of operation. -0-
Passenger traffic in Armenia grows 3.9% in Jan-July 2010
Traffic police: things improved on Armenian roads
Armenian citizens are unable to import used cars for preferential regime
Russia and Armenia will establish close cooperation in transport sphere
In Yerevan transport traffic can be restricted due to Russian president’s visit
SCR registered stable growth of indicators within seven months of 2010
The time between Yerevan- Gyumri reduced by 40 minutes by train
83 Thousand Passengers Used The Services of SCR in July
Construction Process of Transport Corridor North-South Discussed With Armenian Prime Minister
Armenian Railwaymen mark their professional holiday
Armenia’s international Zvartnost airport handles 647,000 passengers in first six months of 2010
SCR Begins Reorganization of Motor Learning Cent
South Caucasus Railways to Install Electronic Ticket Selling System

| Market exchange rates 02/09/2010 | ||||
|---|---|---|---|---|
| Currency | Symbol | Unit | Rate | Changes |
| USA Dollar | USD | 1 | 365.03 | 1.29 |
| Euro | EUR | 1 | 468.19 | 3.8 |
| Russian Rоublе | RUR | 1 | 11.90 | 0.08 |
| Favorable еxchange rates of banks 03/09/2010 | ||
|---|---|---|
| Currency | Buy | Sell |
| USD | 366 ProCreditBank |
367.5 “ArmSwissBank” |
| Euro | 467 Byblos Bank Armenia ProCreditBank |
472 ArmBusinessBank Armenian Development Bank |
| RUR | 11.85 "VTB Bank (Armenia)" BTA Bank |
12 ACBA-CREDIT AGRICOLE BANK Ameriabank ProCreditBank |
| Macroeconomics | ||
|---|---|---|
| Indicator | Term | Figures |
| economic growth,% | 2010-06 | 106.7 |
| GBP, billion AMD | 2010-06 | 1332 |
| inflation, % | 2010-07 | 103.7 |
| Budget deficit (proficit), bln AMD | 2010-06 | 16.9 |
| trade deficit, mln USD | 2010-06 | -1281.2 |
| foreign trade turnover, mln USD | 2010-06 | 2116.8 |
| foreign trade turnover, % | 2010-06 | 129.8 |
| Gross External Reserves, mln. USD | 2010-06 | 1780 |
| Monetary base, billion AMD | 2010-06 | 434.5 |
| Money supply, billion AMD | 2010-06 | 786.6 |
| Financial market | ||
|---|---|---|
| Indicator | Term | Figures |
| Anual interests on loans | ||
| Legal entities in AMD | 2010-06 | 13.8 |
| Legal entities in USD | 2010-06 | 12.6 |
| Individuals in AMD | 2010-06 | 22.6 |
| Individuals in USD | 2010-06 | 19.2 |
| Anual interests on deposits | ||
| Legal entities in AMD | 2010-06 | 8.4 |
| Legal entities in USD | 2010-06 | 7.2 |
| Individuals in AMD | 2010-06 | 9.8 |
| Individuals in USD | 2010-06 | 5.4 |
| Annual profitability | ||
| state stock of CBA, % | 2008-08 | 8 |
| fiscal stock of Armenia, % | 2010-06 | 9.6 |
| The percents of the CBA | ||
|---|---|---|
| Indicator | Term | Figures |
| Banking rate | 2010-07 | 13 |
| Repo | 2010-07 | 7.25 |
| Credit | 2010-07 | 10.25 |
| Depo | 2010-07 | 4.25 |