

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--
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| 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 |