transformation was successful, and i will be happy to introduce our speakers with us today vladimir verkhoshinskyef managing director, alpha bank martyn galstyan, chairman of the central bank of armenia german gref president chairman of the board of sberbank andrey kostin president chairman of the board of vtb elvira nabiullina chairman of the bank of russia and sergey shvetsov chairman of the supervisory board of the moscow exchange. first question. i, uh, would like to address the central banker, here, but in the context of structural transformations. need to understand how monetary policy works. is the previous decision suitable for the previous regimes, and the monetary policy for the transition to a new economy and for its own successful functioning of this very new economy, martyn candles, if i can start with you, you have a very interesting situation in armenia in general, and last year your gdp grew by 12.6% yes, this is the fourth result in the world. not to mention , uh, the eurasian space. and this year, according to various forecasts, gdp growth is expected well, by about 7%, somethin