Arka News Agency, Armenia
March 2 2007

ARMENIAN PRESIDENT CONSIDERS MACROECONOMIC INDICATORS OF 2007
PROMISING

YEREVAN. March 2. /ARKA/. Armenian President Robert Kocharian and
Chairman of the Central Bank of Armenia Tigran Sargsyan at a meeting
considered the macroeconomic indicators of the beginning of 2007
promising, the press service of the Armenian president reported.
They discussed positive tendencies relating to exports and imports.
In this year the share of the imports of mechanisms and new
technologies considerably increased. According to them, this is an
evidence that new enterprises with more efficient production will
start operating in Armenia soon.
Sargsyan told the president that an unprecedented 12% growth of term
bank deposits was recorded in January 2007. It means that citizens
are entrusting their savings to banks and prefer placing deposits in
the national currency. The CBA chairman said that for the first time
50% of attracted funds by banks were in the national currency.
They also discussed the growth of salaries, that a 20% growth was
recorded in January. R.O. -0–