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Net inflow of Armenia's remittances down by 20% in 2015: report

Net inflow of Armenia's remittances down by 20% in 2015: report

PanARMENIAN.Net - Net inflow of foreign remittances, made by individuals and legal entities and received by individuals via Armenian commercial banks totaled $1,6 billion in 2015, against the over $2 billion of the previous year, the country's Central Bank said.

According to the report, the bulk of remittances – about 45,7 billion rubles or 46,3% of total money transfers to Armenia, which came as usual from Russia, were down by 5,7% against 2014.

The sum of 2015’s transfers in the national currency comes close to AMD 776,5 billion against the AMD 881,9 billion the previous year.

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He said that his government would also focus on fighting corruption and "eliminating all barriers that impede business from developing".
“We have a simple problem:we prepare 400-500 specialists each year, while there is demand for 2000 professionals," he said.
At Shirak airport in the northern Armenian town of Gyumri, traffic soared by 150% in the reporting period against 2016.
“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
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