

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-
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| Market exchange rates 08/02/2010 | ||||
|---|---|---|---|---|
| Currency | Symbol | Unit | Rate | Changes |
| USA Dollar | USD | 1 | 378.25 | 0.13 |
| Euro | EUR | 1 | 518.16 | 1.27 |
| Russian Rоublе | RUR | 1 | 12.41 | 0.01 |
| Favorable еxchange rates of banks 08/02/2010 | ||
|---|---|---|
| Currency | Buy | Sell |
| USD | 377.5 "VTB Bank (Armenia)" ACBA-CREDIT AGRICOLE BANK |
378 BTA Bank |
| Euro | 514 ACBA-CREDIT AGRICOLE BANK Ameriabank |
518 BTA Bank |
| RUR | 12.2 BTA Bank Cascade Bank HSBC Bank Armenia Prometey Bank |
12.4 Armeconombank ProCreditBank |
| Macroeconomics | ||
|---|---|---|
| Indicator | Term | Figures |
| economic growth,% | 2009-11 | 84 |
| GBP, billion AMD | 2009-11 | 2786.7 |
| inflation, % | 2009-12 | 106.5 |
| Budget deficit (proficit), bln AMD | 2009-11 | 114.9 |
| trade deficit, mln USD | 2009-11 | -2322.8 |
| foreign trade turnover, mln USD | 2009-11 | 3570.9 |
| foreign trade turnover, % | 2009-11 | 71.5 |
| Gross External Reserves, mln. USD | 2009-11 | 2115.89 |
| Monetary base, billion AMD | 2009-11 | 464.5 |
| Money supply, billion AMD | 2009-11 | 775.6 |
| Financial market | ||
|---|---|---|
| Indicator | Term | Figures |
| Anual interests on loans | ||
| Legal entities in AMD | 2009-12 | 14.8 |
| Legal entities in USD | 2009-12 | 12.5 |
| Individuals in AMD | 2009-12 | 21.5 |
| Individuals in USD | 2009-12 | 17.9 |
| Anual interests on deposits | ||
| Legal entities in AMD | 2009-12 | 7.5 |
| Legal entities in USD | 2009-12 | 6.9 |
| Individuals in AMD | 2009-12 | 9.1 |
| Individuals in USD | 2009-12 | 5.5 |
| Annual profitability | ||
| state stock of CBA, % | 2008-08 | 8 |
| fiscal stock of Armenia, % | 2009-12 | 8.9 |
| The percents of the CBA | ||
|---|---|---|
| Indicator | Term | Figures |
| Banking rate | 2010-01 | 13 |
| Repo | 2010-01 | 5.5 |
| Credit | 2010-01 | 8.5 |
| Depo | 2010-01 | 2.5 |