

YEREVAN, December 3, /ARKA/. First deputy chief of South Caucasus Railways Marat Khakov traveled today to Masis station for a meeting with Ararat province governor Vardkes Hovakimian.
The press service of the South Caucasus Railway said the governor was shown what the company ahs done to improve the sate of the railroads in the province, including installment of automated traffic control system, replacement of outdated cables by new fiber-optical ones and so on.
The press service said Marat Khakov and Vardkes Hovakimian discussed also a wide range of issues, including the question of safety on level crossings. Marat Khakov said the company is ready to ensure their security.
The two men visited also Yeraskh train station. The governor was quoted as saying that he was pleased with the quality of restoration of the railway infrastructure of the province and its modernization highlighting the role it plays in this region.
In 2007 the Armenian government called tenders for a 30-year concession to modernize and operate Armenian Railways. The Russian Railways was the only bidder and has set up South Caucasian Railway as a subsidiary to run the Armenian Railway. 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-
Georgia’s ambassador to Armenia says reopening of Upper Lars important for Armenia
South-Caucasian Railways signs agreement with Armenian traffic police
City Mayor: construction of new metro station “Achapnyak” in Yerevan will continue in 2011
Armenia welcomes reopening of key border crossing on Russian-Georgia border
Deputy general director: SCR will make proposals of changes in the law on railway transport
Expert: micro-buses make about 90% of total public transport of Yerevan
South Caucasus railways buys new electric train
Head of SCR discussed cooperation issues with the management of “Vallex Group”
General director of scr met with the management “Rusalarmenal”
Caucasus railways announces annual contest partner of the year
First meeting of young specialists in SCR
Construction of new subway station in Yerevan to begin in 2011

| Market exchange rates 11/03/2010 | ||||
|---|---|---|---|---|
| Currency | Symbol | Unit | Rate | Changes |
| USA Dollar | USD | 1 | 391.41 | 1.47 |
| Euro | EUR | 1 | 534.67 | 5.09 |
| Russian Rоublе | RUR | 1 | 13.29 | 0.17 |
| Favorable еxchange rates of banks 11/03/2010 | ||
|---|---|---|
| Currency | Buy | Sell |
| USD | 390.5 Armenian Development Bank |
392.5 “ArmSwissBank” |
| Euro | 531 ACBA-CREDIT AGRICOLE BANK |
537 ACBA-CREDIT AGRICOLE BANK Cascade Bank “ArmSwissBank” |
| RUR | 13.1 Ardshininvestbank BTA Bank |
13.25 ProCreditBank |
| 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 |