3.3% growth recorded in remittances to Armenia in 2010February 9, 2011 - 14:12 AMT PanARMENIAN.Net - According to the CBA monthly bulletin, the figure increased by 3.3% ($51.4mln) compared to the same period in 2009. The largest amount of remittances was received from Russia ($1,114.1mln), followed by the United States ($124.4mln) and United Arab Emirates ($26.2mln). At the same time, remittances from Turkey amounted to $2,639thous. Besides, 2.8% drop was recorded in the amount of remittances from Armenia, totaling $731.6mln in January-December 2010 against $752.4mln during the same period in 2009. The net cash inflow increased by 8.8% during the reporting period, amounting to $895.5mln against $823.3mln in January-December 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 | Power of One Dram to benefit Road of Life, Strong Mind IDBank and Idram summarize the results of the May program of “The Power of One Dram”. Yerevan State University, Ucom sign Memorandum of Cooperation Rector of Yerevan State University Hovhannes Hovhannisyan and General Director of Ucom Ralph Yirikian signed the memorandum. EU to provide budgetary support to Armenia The agreement is aimed at increasing the competitiveness of the educational system of Armenia. Aliyev: No peace treaty unless Armenia changes constitution Azerbaijan will not sign a peace treaty with Armenia unless the latter changes its constitution, Azerbaijani President Ilham Aliyev said. |