Transport & Communication

SCR to launch regular electrical train between Armavir and Aragats

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-

28/10/2009 14:26



Market USD exchange rates
Market EUR exchange rates
Market exchange rates 25/12/2009
Currency Symbol Unit Rate Changes
USA Dollar USD 1 377.57 0.65
Euro EUR 1 544.34 2.22
Russian Rоublе RUR 1 12.62 0.02

Favorable еxchange rates of banks 25/12/2009
Currency Buy Sell
USD 377
Artsakhbank
“ArmSwissBank”
379
Araratbank
Euro 540
"VTB Bank (Armenia)"
BTA Bank
Prometey Bank
“ArmSwissBank”
546
ACBA-CREDIT AGRICOLE BANK
ArmBusinessBank
RUR 12.63
“ArmSwissBank”
12.7
Ameriabank

Macroeconomics
Indicator Term Figures
economic growth,% 2009-10 82.5
GBP, billion AMD 2009-10 2466.3
inflation, % 2009-10 103.2
Budget deficit (proficit), bln AMD 2009-10 108.7
trade deficit, mln USD 2009-10 -2018.4
foreign trade turnover, mln USD 2009-10 3121.6
foreign trade turnover, % 2009-10 69
Gross External Reserves, mln. USD 2009-10 2144.6
Monetary base, billion AMD 2009-10 465.4
Money supply, billion AMD 2009-10 763.1

Financial market
Indicator Term Figures
Anual interests on loans
Legal entities in AMD 2009-11 14.5
Legal entities in USD 2009-11 12.9
Individuals in AMD 2009-11 21.4
Individuals in USD 2009-11 17.9
Anual interests on deposits
Legal entities in AMD 2009-11 7.7
Legal entities in USD 2009-11 6.4
Individuals in AMD 2009-11 9.7
Individuals in USD 2009-11 5.8
Annual profitability
state stock of CBA, % 2008-08 8
fiscal stock of Armenia, % 2009-11 8.9

The percents of the CBA
Indicator Term Figures
Banking rate 2009-11 12
Repo 2009-11 5
Credit 2009-11 8
Depo 2009-11 2


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