  Report says Armenia still depends on foreign transfers April 18, 2012 - 15:22 AMT PanARMENIAN.Net - The share of private transfers entering Armenia has remained unchanged in the total household income, head of Economy and Values Armenian Research Center said. “We still seriously depend on private transfers,” Manuk Yergnyan said during presentation of National Competitiveness Report of Armenia 2011-2012. Presenting a comparative analysis of the country’s ability to receive private transfers from 20 countries, the expert said that despite Armenia’s quite weak positions, growth has been recorded in growth rate of dependence on transfers. Mr. Yergnyan further noted popularization of incomes as one of the vulnerable areas of Armenian economy. National Competitiveness Report of Armenia 2011-2012 has been prepared by Economy and Values Research Center through support of CAPS/USAID program, VivaCell-MTS, STAR trade network, German Society for International Cooperation (GIZ) and Federal Ministry for Economic Cooperation and Development (BMZ).   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 |  Latest news U.S. welcomes Armenia, Azerbaijan’s border delimitation announcement  Blinken said it is an important step towards concluding a durable and dignified peace agreement.European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. |
