Private remittances to Armenia totaled $1 380,6mln in Jan-Nov 2011January 16, 2012 - 12:15 AMT PanARMENIAN.Net - $1 380,6 mln was transferred to individuals through the Armenian banking system in January-November 2011. According to the RA Central Bank’s monthly bulletin, 23,1% increase was recorded as compared with the same period of last year, with private remittances totaling $142,5 mln. in November 2011. Besides, the amount of remittances from Armenia totaled $238,4 mln in January-November 2011 that is 20,1% higher against$198,5 mln. of the same period of 2010. During the reported period, the net cash inflow increased by 21% amounting to $1 142,1 mln against $943,8 mln in January-November 2010. Meanwhile, Russia keeps the biggest share of remittances to Armenia - $1028,7 mln, followed by the U.S. - $40,5 mln, Kazakhstan - $16,9 mln and Ukraine- $8,2. 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 | Armenia to participate in key EU meeting for the first time ever National Assembly speaker Alen Simonyan has said that Armenia will for the first time participate in the Conference. U.S. reacts to Russia’s criticism of upcoming Armenia-EU-U.S. meeting Matthew Miller has weighed in on Russia’s criticism of an upcoming Armenia-EU-U.S. meeting. Lavrov sees ‘collapse’ of Russia’s ties with Armenia Russian Foreign Minister Sergey Lavrov has underscored heightened tensions between Russia and Armenia. Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine |