9.1% drop recorded in private remittances to Armenia in January-July 2010September 8, 2010 - 18:23 AMT PanARMENIAN.Net - $776.9mln was transferred to individuals through the Armenian banking system in January-July 2010. According to the RA Central Bank’s monthly bulletin, 9.1% or $77.4mln drop was recorded as compared with the same period of last year. Meanwhile, Russia keeps the biggest share of remittances to Armenia - $515.8mln, followed by the U.S. - $71.2mln and Germany - $11.8mln. The amount of remittances from Turkey totaled $1.336mln. Besides, the amount of remittances from Armenia totaled $380.5mln in January-July 2010 that is 3.5% higher as compared with the same period of last year. During the reporting period, the net cash inflow decreased by 18.5% amounting to $396.4mln against $486.5mln in January-July 2009. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |