Private transfers to Armenia drop by 31% in 7 monthsSeptember 1, 2015 - 14:01 AMT PanARMENIAN.Net - Private remittances to Armenia amounted to $137.1 million in July, 2015, against $197.4 million in the same period of last year. According to the Central Bank of Armenia, the net inflow of private transfers to the country totaled $674 million in the first 7 months of 2015, a drop of 31% against $967.5 in the same period of 2014. In July 2015, 81% of private remittances to Armenia, amounting to about $112 million, came from Russia. Transfers from Russia to Armenia in January-July 2015 decreased by 25% against the same period of 2014 to amount $512.2; remittances from Armenia to Russia totaled $114 million, with the net inflow of transfers totalling approx. $398 million. The decrease in Russian transfers is caused by the devaluation of the ruble in the international markets in 2014-2015 and a drop in Russian economy. 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 | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE 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. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |