Weighted Average Rate Of Armenian Dram To Us Dollar Is 387.48 For $1 On November 1, 2010

From the very first days of summer, everyone gets into “vacation mood”. Some are already planning their long-awaited beach getaways, others prefer to enjoy the breathtaking nature of Armenia, while some are looking for ways to spend the weekend aways from the city’s hustle and bustle – right here in town.

At its meeting on June 16, the Central Bank's Board left the refinancing rate unchanged at 6.5% for the fifth consecutive time, the regulator's press service reported.

Retail clients of VTB (Armenia) continue to actively use the free transfer service to MIR cards of Russian recipients. Over the past six months, transfer volume has grown by 40%.

A new stage of development has begun at the Yerevan State Institute of Theater and Cinematography.

Armenia plans to reduce public debt to below 45% of GDP in the coming years, Finance Minister Vahe Hovhannisyan announced in parliament.