Money transfers from Russia to Armenia drop by 40%: CBAMay 6, 2015 - 14:56 AMT PanARMENIAN.Net - Private remittances from Russia to Armenia amounted to about $59.4 million in March 2015, a reduction of 40.2% compared to March 2014, according to the latest statistical data posted by the Central Bank. Money transfers from Armenia to Russia amounted to $19.6 million in March, increasing by 16.4% against the same period in 2014. Thus, the net inflow of private transfers from Russia to Armenia totaled $39.7 million – a drop of 51.8% against March 2014. According to CBA, private transfers from Russia to Armenia in 2014 decreased by 10.7% to amount $1.4 billion, this being the first drop in private transfers from Russia to Armenia since 2009. The decrease in Russian transfers is caused by the devaluation of the ruble in the international markets by more that 50% in 2014. 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |