Credit Suisse: Armenians own a total of $42 billionOctober 22, 2019 - 18:36 AMT PanARMENIAN.Net - Armenians own a total of $42 billion, according to Credit Suisse’s annual wealth survey. Armenian per capita wealth levels have almost doubled in 19 years, surging from $2,177 in 2000 to $19,517 in 2019, the Global wealth report revealed. Azerbaijanis, meanwhile, own $83 billion, while Georgians have $37 billion in total. Global wealth grew during the past year, but at a very modest pace. Although wealth per adult reached a new record high of USD 70,850, this is only 1.2% above the level of mid-2018, before allowing for inflation. While more than half of all adults worldwide have a net worth below USD 10,000, nearly 1% of adults are millionaires who collectively own 44% of global wealth. However, the trend toward increasing inequality has eased, and the share of the top 1% of wealth holders is below the recent peak in 2016. Related links: Top stories The number of state universities will be reduced from 23 to 8 by 2030, Minister of Education, Science, Culture and Sport Zhanna Andreasyan has said. From September 21 to November 11, a total of 2,820 Russians registered at a place of residence in Armenia, the police has said. The situation on the contact line between Karabakh and Azerbaijan was relatively stable overnight, the Defense Army says. Defense Minister Suren Papikyan has visited the southern Armenian province of Syunik, the Defense Ministry reported on March 18. 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. |