Private remittances to Armenia total $277.2 mln in Q1 2012May 15, 2012 - 12:43 AMT PanARMENIAN.Net - USD 277.2 mln was transferred to individuals through the Armenian banking system in January-March 2012. According to Armenian Central Bank’s monthly bulletin, 10.3% increase was recorded as compared with the same period of 2011. Besides, the amount of remittances from Armenia rose by 13.8% in the reporting period, totaling $60.9 mln against $53.5 mln in January-March 2011. In the first quarter of 2012, the net cash inflow increased by 9.3% amounting to $1 216.3 mln against $197.9 mln in January-March 2011. In 2012 Q1, Russia keeps the biggest share of remittances to Armenia - $192.1 mln, followed by the U.S. - $12.3 mln, Kazakhstan - $3.4 mln, France -$1.3mln and Spain- $1mln. 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 | Exclusive access to all EURO 2024 games for Ucom subscribers This year once again Ucom stands as the primary partner of UEFA EURO 2024 in Armenia. Armenia, U.S. to upgrade Strategic Dialogue meeting to Strategic Partnership Commission The two governments have release a statement on the occasion of the U.S.-Armenia Strategic Dialogue Capstone meeting. Azerbaijan complains to Germany about Armenia's constitution Bayramov has complained about the Armenian constitution to his German counterpart Annalena Berbock. U.S., Armenia sign customs deal According to Armenian customs data, U.S.-Armenian trade reached $670 million last year. |