Transport & Communication

Construction of new subway station in Yerevan to begin in 2011

YEREVAN, February 8, /ARKA/. Paylak Yailoyan, director of Yerevan subway, said last Friday construction of a new station to stretch to Achapnyak quarter of the city will kick off in 2011.

He said the construction will be backed by a loan from the Asian Development Bank and a government allocation. He said talks with the bank were underway.

He said also car trucks and wheel pairs of the subway trains which have been used for over 30 years will be replaced in 2010. The company will buy also about 6,000 sleepers for the repair of the railroad.

Last year the Yerevan subway transported 20 million people, up from 19 million in 2008.

“Our citizens have eventually realized the advantage of subway-safety, cleanliness and accuracy,’ he said. 

The Yerevan Underground system was launched in 1981. It runs on a 13.4 km (8.37 miles) line and currently services 10 active stations.  -0-

08/02/2010 12:44


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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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