9.1% drop recorded in private remittances to Armenia in January-July 2010September 8, 2010 - 18:23 AMT PanARMENIAN.Net - $776.9mln was transferred to individuals through the Armenian banking system in January-July 2010. According to the RA Central Bank’s monthly bulletin, 9.1% or $77.4mln drop was recorded as compared with the same period of last year. Meanwhile, Russia keeps the biggest share of remittances to Armenia - $515.8mln, followed by the U.S. - $71.2mln and Germany - $11.8mln. The amount of remittances from Turkey totaled $1.336mln. Besides, the amount of remittances from Armenia totaled $380.5mln in January-July 2010 that is 3.5% higher as compared with the same period of last year. During the reporting period, the net cash inflow decreased by 18.5% amounting to $396.4mln against $486.5mln in January-July 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 | 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. |