  Money transfers from Russia to Armenia drop by 40%: CBA May 6, 2015 - 14:56 AMT PanARMENIAN.Net - Private remittances from Russia to Armenia amounted to about $59.4 million in March 2015, a reduction of 40.2% compared to March 2014, according to the latest statistical data posted by the Central Bank. Money transfers from Armenia to Russia amounted to $19.6 million in March, increasing by 16.4% against the same period in 2014. Thus, the net inflow of private transfers from Russia to Armenia totaled $39.7 million – a drop of 51.8% against March 2014. According to CBA, private transfers from Russia to Armenia in 2014 decreased by 10.7% to amount $1.4 billion, this being the first drop in private transfers from Russia to Armenia since 2009. The decrease in Russian transfers is caused by the devaluation of the ruble in the international markets by more that 50% in 2014.   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 Armenian cemetery in Fresno hit by arsons six times since January  Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance.Iran vows to “decisively” defend sovereignty, national interests The Iranian embassy in Armenia has defended its “defensive and proportional action in in occupied Palestine.”Armenian shooter Elmira Karapetyan Armenian shooter Elmira Karapetyan won gold at the ISSF World Olympic Qualification Tournament in Rio de Janiero.Britain said to have entered talks to deport migrants to Armenia Britain is said to have entered talks to replicate the Rwanda migrant deportation scheme with Armenia. |
