Transport & Communication

South-Caucasian railway will continue reconstruction works of railway in 2010

YEREVAN, January 27. /ARKA/. CJSC “South-Caucasian Railway” (SCR) will continue reconstruction works of railway in 2010”, said Ashot Unisyan, Head of Railway Service. In 2010 it is intended to capitally repair 8 km of railway with new material and first of all the direction Vanadzor-Archut.

Reconstruction of railway in 2009 will allow to include in capital repair plans of 2010 not only the main way but station and acceptance-departure ways which make 11 km. The priority is allocation of investments to modernization of problematic and insecure sections of railway.

In 2010 it is planned to reconstruct 48 km of railway in Vanadzor, Gyumri and Sevan. Reconstruction of Shorzha-Zod-Vardenis section is also priority which is important related to the increase of transportation sizes of gold-bearing mine. Repair works 2009 allowed to review speed movements of SCR. In certain sections the speed of 70-80 km/h was registered for passengers’ trains.

In 2009 Center “Diagnostica” was established within CJSC “SCR” for literate and timely diagnosis of actual state of railway and planning reconstruction of directions. With this purpose the company obtained new equipment, rail bus defectoscope-measurement device MTKP which will improve diagnosis of railway. 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--

 

27/01/2010 21:40



Market USD exchange rates
Market EUR exchange rates
Market exchange rates 02/09/2010
Currency Symbol Unit Rate Changes
USA Dollar USD 1 365.03 1.29
Euro EUR 1 468.19 3.8
Russian Rоublе RUR 1 11.90 0.08

Favorable еxchange rates of banks 03/09/2010
Currency Buy Sell
USD 366
ProCreditBank
367.5
“ArmSwissBank”
Euro 467
Byblos Bank Armenia
ProCreditBank
472
ArmBusinessBank
Armenian Development Bank
RUR 11.85
"VTB Bank (Armenia)"
BTA Bank
12
ACBA-CREDIT AGRICOLE BANK
Ameriabank
ProCreditBank

Macroeconomics
Indicator Term Figures
economic growth,% 2010-06 106.7
GBP, billion AMD 2010-06 1332
inflation, % 2010-07 103.7
Budget deficit (proficit), bln AMD 2010-06 16.9
trade deficit, mln USD 2010-06 -1281.2
foreign trade turnover, mln USD 2010-06 2116.8
foreign trade turnover, % 2010-06 129.8
Gross External Reserves, mln. USD 2010-06 1780
Monetary base, billion AMD 2010-06 434.5
Money supply, billion AMD 2010-06 786.6

Financial market
Indicator Term Figures
Anual interests on loans
Legal entities in AMD 2010-06 13.8
Legal entities in USD 2010-06 12.6
Individuals in AMD 2010-06 22.6
Individuals in USD 2010-06 19.2
Anual interests on deposits
Legal entities in AMD 2010-06 8.4
Legal entities in USD 2010-06 7.2
Individuals in AMD 2010-06 9.8
Individuals in USD 2010-06 5.4
Annual profitability
state stock of CBA, % 2008-08 8
fiscal stock of Armenia, % 2010-06 9.6

The percents of the CBA
Indicator Term Figures
Banking rate 2010-07 13
Repo 2010-07 7.25
Credit 2010-07 10.25
Depo 2010-07 4.25



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