Israel, Russia, Ukraine and Armenia to form airline alliancePanARMENIAN.Net - El Al (Israel), UTair (Russia), Aerosvit Airlines (Ukraine) and Armavia (Armenia) have signed a declaration on formation of an airline alliance to be named Western-Eastern (WE). The alliance was initiated by El Al, whose joining the existing alliances has always been prevented by different Arab airlines. Negotiations on expansion are under way with CIS and Western European countries. As for gold, Kudrin wrote that it is overrated and gold prices might grow in the short-term but will decline after that. The makers of Pepsi, Lipton, Doritos and Lay's, expect to save $1.5 bln and channel some of the money into advertising. The European Central Bank kept interest rates on hold and altered its assessment of risks to the economic outlook. The market average rate of USD totaled AMD 388,71 on Feb 9, increasing by 0.34 point compared to Feb 8. |