Transport & Communication

First deputy chief of South Caucasus railways meets with Ararat province governor

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the sate of the railroads in the province, including installment of automated traffic control system, replacement of outdated cables by new fiber-optical ones and so on.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-

03/12/2009 21:07



Market USD exchange rates
Market EUR exchange rates
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



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