Private transfers to Armenia drop by over 31% in 8 monthsOctober 1, 2015 - 14:24 AMT PanARMENIAN.Net - Private remittances to Armenia amounted to $114.6 million in August, 2015, against $185.7 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 $788.5 million in the first 8 months of 2015, a drop of 31,6% against $1.152 bln in the same period of 2014. In August 2015, 79% of private remittances to Armenia, amounting to about $90.5 million, came from Russia. Transfers from Russia to Armenia in January-August 2015 decreased by 37% against the same period of 2014 to amount $602.2; remittances from Armenia to Russia totaled $132million, with the net inflow of transfers totaling approx. $470 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 | 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. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |