Private remittances to Armenia decrease by 5,3% in January-August 2010October 6, 2010 - 19:42 AMT PanARMENIAN.Net - USD942,7 mln was transferred to individuals through the Armenian banking system in January-August 2010. According to the CBA monthly bulletin, 5,3% or USD52,7 mln slump was reported as compared with the same period of last year. Meanwhile, Russia keeps the biggest share of remittances to Armenia - USD638,8 mln, followed by the U.S. - $79,9 mln and UAE - $16,6 mln. The amount of remittances from Turkey totaled USD1595 thousand. Besides, the amount of remittances from Armenia totaled USD441,8 mln in January-August 2010 decreasing by 0,5% as compared with the same period of last year. During the reported period, the net cash inflow decreased by 9.2% amounting to USD500,9mln against USD551,4 mln in January-August 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |