Transport & Communication

Meeting of masters in SCR

YEREVAN, December 7. /ARKA/. The first time in CJSC “South-Caucasian Railway” meeting of masters of road, wagon and locomotive services took place. Marat Khakov, First Deputy Director of SCR opened the meeting. He mentioned the important role of masters in railroad facilities and told what the requirements for masters at present are.

It is maintenance of safety measures in railway, improvement of operations and quality control of activities in different technical services. “Master connects managers with workers”, he said. Masters from all the parts of Armenia asked questions on social policy of the company, optimization of work, provision of spare parts for next year.

Khakov spoke about spare parts in detail. He said that SCR develops cargo and passengers’ transportation but is also trying to develop production of spare parts in the country. “The railway is receiving 50-60% of spare parts produced in Armenia. It allows not only to reduce the cost of spare parts but also create additional workplaces”, he said.

After the break Shevket Shaydullin, General Director of SCR made a speech. He said that this meeting is not only for summarizing the results of railway and formation of collective vision, but also discussion of the position of SCR as a national transport company. It assumes big expectations from international partners, business, society and they should be implemented by SCR as a company with qualified and functioning mechanism.

The head of the company said that SCR will introduce a system of assessment of masters’ qualification by grades. After his speech official awarding ceremony took place. Good workers were awarded by valuable presents and money. Concession management of “Armenian railway” is implemented by CJSC “South Caucasian Railway” which is 100% affiliate of Open JSC “Russian Railway”.

SCR accepted the railway stock of CJSC “Armenian railway” on its balance from June 1, 2008 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--

07/12/2009 17:53



Market USD exchange rates
Market EUR exchange rates
Market exchange rates 10/03/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 389.94 1.02
Euro EUR 1 529.58 0.88
Russian Rоublе RUR 1 13.12 0.04

Favorable еxchange rates of banks 10/03/2010
Currency Buy Sell
USD 389
"VTB Bank (Armenia)"
ACBA-CREDIT AGRICOLE BANK
Araratbank
Armenian Development Bank
Artsakhbank
Byblos Bank Armenia
ProCreditBank
Prometey Bank
“ArmSwissBank”
392
ACBA-CREDIT AGRICOLE BANK
Ameriabank
Araratbank
Ardshininvestbank
BTA Bank
Conversebank
HSBC Bank Armenia
“ArmSwissBank”
Euro 528
ACBA-CREDIT AGRICOLE BANK
Prometey Bank
534
Ameriabank
RUR 13
ACBA-CREDIT AGRICOLE BANK
Artsakhbank
13.2
ACBA-CREDIT AGRICOLE BANK
Ameriabank
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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