Private transfers to Armenia drop by 31% in 7 monthsSeptember 1, 2015 - 14:01 AMT PanARMENIAN.Net - Private remittances to Armenia amounted to $137.1 million in July, 2015, against $197.4 million in the same period of last year. According to the Central Bank of Armenia, the net inflow of private transfers to the country totaled $674 million in the first 7 months of 2015, a drop of 31% against $967.5 in the same period of 2014. In July 2015, 81% of private remittances to Armenia, amounting to about $112 million, came from Russia. Transfers from Russia to Armenia in January-July 2015 decreased by 25% against the same period of 2014 to amount $512.2; remittances from Armenia to Russia totaled $114 million, with the net inflow of transfers totalling approx. $398 million. The decrease in Russian transfers is caused by the devaluation of the ruble in the international markets in 2014-2015 and a drop in Russian economy. 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 | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |