Transport & Communication

Reconstructed depot in Yerevan will operate in April 2010 – SCR

YEREVAN, November 27. /ARKA/ . “Reconstructed railway depot of Yerevan will operate in April 2010”, said Sergey Harutyunyan, Chief Engineer of South-Caucasian Railway.

“We conduct works on strengthening the thermal circuit and are fully reconstructing locomotive and wagon depot of Yerevan for which we have already obtained equipment and prepared schedule of works. SCR plans to launch the reconstructed depot in April 2010”, said Harutyunyan to the journalists of ARKA on Friday.

It is planned to establish wagon-wheel workshops in wagon depot of Yerevan. Investments of SCR in reconstruction of united depot of Yerevan will make about 50 million rubles. It is difficult to tell more accurate figures now”, said Harutyunyan.

Similar reconstruction works are conducted in locomotive and wagon depot of Gyumri where the works of gas supply have been already started. He said that reconstruction of gas supply and heating are necessary for quality increase of production.

“One of strategic tasks of SCR is development of railway machinery construction. These plans can seem ambitious and not real but we consider that in Armenia it is real”, he said.

Currently due to the lack of wagon and locomotive depot, the stock of SCR is being repaired in Georgia after which they will send it to Armenia. CJSC “South Caucasian Railway” is 100% affiliate of Open JSC “Russian Railway”. CJSC “Armenian railway” was transferred under concession management of CJSC “SCR” according to Concession Agreement signed on February 13, 2008. The terms of concession management is for 30 years with the right of prolongation for another 10 years.-0-

27/11/2009 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 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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