Posts Tagged ‘Economics’
First NPP to cost Turkey $10bn
Estimated cost of the first nuclear plant in Turkey with capacity of 4 GW might make $10bn, reads the Russian Strategy Development journal by RF Energy Ministry. NPP in Turkey is planned to be built near the Mediterranean port Mersin. The offer by consortium includes the construction of 4 [...]
Dram depreciation prevented
Today, March 23, U.S. $3.1m transactions have been effected at the NASDAQ OMX Armenia at an average exchange rate of 395.44 AMD/U.S. $1. The closing rate was 394.5 AMD/U.S. $1, CBA Public Relations department informed. Last week the exchange rate of the U.S. dollar reached 410 AMD. The CBA [...]
Prices of pure metals go up
The Armenian Ministry of Finance has set the state prices for chemically pure metals in the Armenian dram: Gold: purchase price-13361.98 (+383.69), sale price -14523.89 (+417.05) Silver: purchase price- 207.20 (+7.45), sale price - 225.22 (+8.1) Platinum: purchase price - 19429.19 [...]
Unibank plans to increase loan portfolio to AMD 90 billion
Unibank CJSC plans to increase loan portfolio to AMD 90 billion, providing 35% growth of credit investments, the bank’s press service reported. As of February 2010, Unibank loan portfolio comprised AMD 66,5 billion, including AMD 39 bln. 87 mln. of business credits. In 2010, the bank [...]
Petrol Prices in Armenia Just Keep Going Up and Up
Once again, companies that import and sell gas in Armenia connect this usual raising of the cost of petrol (gasoline) in Armenia with the recorded exchange rate fluctuations of the Armenian dram and the US dollar and with the increase in the cost of oil in the global market. Local Armenian [...]
At Least 8 out of 22 Banks Should’ve Gone Bankrupt, Says Armenia’s Former PM
In a very short period of time, the dollar’s fixed price is going to lead to inflation and Armenia’s economy will collapse, said former prime minister of Armenia Hrant Bagratyan at a press conference today. “Today, the government is searching for approximately 2 billion dollars. If it [...]
Exchange rate for AMD per USD dollar reaches 405
Average market exchange rate of Armenian Dram to US Dollar on Armenia’s foreign exchange market reached AMD 405 for USD 1 as of March 19, 2010 press office of the Central Bank of Armenia reported
Rosgosstrakh to become leader in Armenia
The Rosgosstrakh insurance company will soon become leader in Armenia, President of the company Danil Khachaturov said in his interview with Vedomosti. He pointed out that the company launched its activities in Armenia six months ago, and it is now one of the leaders. “We want to become the [...]
EBRD to invest $150m in Armenia
European Bank for Reconstruction and Development (EBRD) is ready to invest $150m in Armenia’s economy – ditto as in 2009, EBRD President Thomas Mirow said at the press conference in Yerevan. He informed that total investments of EBRD in Armenia make about $500m. Last year investments in [...]