Remittances to Armenia drop 3% in January-October 2010December 7, 2010 - 16:46 AMT PanARMENIAN.Net - Remittances at the amount of $1101.2mln were received by physical persons in Armenia in January-October 2010. According to the CBA monthly bulletin, the figure decreased by 3% ($38.6 million) compared to the same period in 2009. The largest amount of remittances was received from Russia ($868.2 million), followed by the United States ($99.3 million) and United Arab Emirates $22.5 million). At the same time, remittances from Turkey amounted to $2103thous. Besides, 4.7% drop was recorded in the amount of remittances from Armenia, totaling $580mln in January-October 2010 against $608.8mln during the same period of last year. The net cash inflow decreased by 1.4% during the reporting period, amounting to $687.2mln against $697mln in January-October 2009. 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 | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |