MICROECONOMIC INDUCES REGISTERED IN ARMENIA SINCE EARLY 2007 ARE PROMISING

Noyan Tapan
Mar 01 2007

YEREVAN, MARCH 1, NOYAN TAPAN. During the February 28 working meeting
of the Armenian President Robert Kocharian and Chairman of the Central
Bank of Armenia (CBA) Tigran Sargsian, the microeconomic indices
registered in the country since early 2007 were assessed as promising.

The interlocutors pointed out posistive tendencies in the export-import
structure, according to which the share of imported equipment and new
technologies has increased this year, which means that new enterprises
with higher productivity will operate soon.

The CBA chairman said that an unprecedented growth – 12% of time
deposits was registered in January, which shows that citizens trust
banks and prefer to deposit in Armenian drams. Tigran Sargsian said
that this changed attitude to the national currency explains also
the fact that that more than 50% of resources attracted by commercial
banks were made for the first time in Armenian drams.

According to the RA President’s press service, the meeting participants
also spoke about the salary growth indices, according to which a 20%
growth was registered in January of this year.