 Private remittances to Armenia total $277.2 mln in Q1 2012 May 15, 2012 - 12:43 AMT PanARMENIAN.Net - USD 277.2 mln was transferred to individuals through the Armenian banking system in January-March 2012. According to Armenian Central Bank’s monthly bulletin, 10.3% increase was recorded as compared with the same period of 2011. Besides, the amount of remittances from Armenia rose by 13.8% in the reporting period, totaling $60.9 mln against $53.5 mln in January-March 2011. In the first quarter of 2012, the net cash inflow increased by 9.3% amounting to $1 216.3 mln against $197.9 mln in January-March 2011. In 2012 Q1, Russia keeps the biggest share of remittances to Armenia - $192.1 mln, followed by the U.S. - $12.3 mln, Kazakhstan - $3.4 mln, France -$1.3mln and Spain- $1mln.   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 Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
