Sun, 27 July
25.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Individual remittances from Russia to former Soviet republics in nine months last year grew by 12 percent to $13.611 billion

YEREVAN, January 22. / ARKA /. Individual remittances  from Russia to former Soviet republics in the first nine months of last year reached  $13.611 billion, up 12% from a year earlier, the Central Bank of Russia said. The bulk of individual remittances are made by labor migrants through banks, post offices, money transfer systems, and also brought home  in their wallets.

The largest amount of remittances from Russia in the first three quarters of last year went to Uzbekistan – $4.36 billion (an increase of 24% compared to the same period in 2011). It was followed by Tajikistan – $2.266 billion (an increase of 13%), and Ukraine – $2.242 billion (down 0.4%).

Some $1.268 billion were remitted to Moldova, $1.165 billion went to Kyrgyzstan, $877 million went to Armenia, Azerbaijan received $736 million, Belarus – $ 480 million, Kazakhstan – $ 200 million and Turkmenistan – $17 millions.  -0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img