Report says Armenia still depends on foreign transfersApril 18, 2012 - 15:22 AMT PanARMENIAN.Net - The share of private transfers entering Armenia has remained unchanged in the total household income, head of Economy and Values Armenian Research Center said. “We still seriously depend on private transfers,” Manuk Yergnyan said during presentation of National Competitiveness Report of Armenia 2011-2012. Presenting a comparative analysis of the country’s ability to receive private transfers from 20 countries, the expert said that despite Armenia’s quite weak positions, growth has been recorded in growth rate of dependence on transfers. Mr. Yergnyan further noted popularization of incomes as one of the vulnerable areas of Armenian economy. National Competitiveness Report of Armenia 2011-2012 has been prepared by Economy and Values Research Center through support of CAPS/USAID program, VivaCell-MTS, STAR trade network, German Society for International Cooperation (GIZ) and Federal Ministry for Economic Cooperation and Development (BMZ). 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 | U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. |