Private remittances to Armenia decrease by 5,3% in January-August 2010October 6, 2010 - 19:42 AMT PanARMENIAN.Net - USD942,7 mln was transferred to individuals through the Armenian banking system in January-August 2010. According to the CBA monthly bulletin, 5,3% or USD52,7 mln slump was reported as compared with the same period of last year. Meanwhile, Russia keeps the biggest share of remittances to Armenia - USD638,8 mln, followed by the U.S. - $79,9 mln and UAE - $16,6 mln. The amount of remittances from Turkey totaled USD1595 thousand. Besides, the amount of remittances from Armenia totaled USD441,8 mln in January-August 2010 decreasing by 0,5% as compared with the same period of last year. During the reported period, the net cash inflow decreased by 9.2% amounting to USD500,9mln against USD551,4 mln in January-August 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 | Director General of Ucom takes part in recruiting conference Ralph Yirikian participated in the Recruit Days business and networking conference organized by Move2Career. 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. Lavrov rejects Armenia’s “defamation” of Russia, CSTO Lavrov decried the Armenian leaders’ “defamation” of Russian soldiers and border guards deployed in Armenia. 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. |