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 | Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan. Ucom General Director joins High-Tech Development Panel Discussion The discussion was titled "The Role of International Corporations and Investors as Catalysts for Development of High-Tech Ecosystem." U.S. still believes “peace is possible” between Armenia, Azerbaijan The United States continues to believe that peace is possible between Armenia and Azerbaijan, Vedant Patel says. Dozens detained as antigovernment protest continue in Armenia At least 63 people demanding Prime Minister Nikol Pashinyan’s resignation were detained on May 14 as they blocked streets in Yerevan. |