Transfers via CONTACT system increased by 47% in the second quarterAugust 29, 2009 - 16:00 AMT PanARMENIAN.Net - During the first quarter of the current year, transfers to Armenia via CONTACT international system have increased by 47% in comparison with the first quarter A leading country among CIS republics was Uzbekistan (63%), followed by Tajikistan (53%) and Moldova (41%). Kyrgyzstan, whose transfers comprised 20%, lags behind. Average volume of transfers to CIS countries comprised 54%, Russlabank's press service reports. In the first quarter of 2009, transfer rate to key directions was as follows: 23% - to Uzbekistan, 18% - to Tajikistan, 17% - to Moldova and 9% -to Kyrgzstan and Armenia. Average index of such growth testifies to the stable situation of CONTACT system as one of leading companies making transfers to CIS states. In cooperation with participating banks, CONTACT clearance centre currently undertakes a range of measures to essentially broaden the network and enhance services. All that contributes to increasing transfer volumes and system shares on post-Soviet area. 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 | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |