Fri, 4 April
9.1 C
Yerevan
USD: 391.32 RUB: 4.67 EUR: 432.53 GEL: 141.78 GBP: 514.27
spot_img

Armenia singled out for large amounts of money transfers to Russia

YEREVAN, April 17. /ARKA/. The volume of money transfers from the CIS countries to Russia in March grew by 47%, compared with January, TASS reported Friday referring to Izvestia, which presents figures of the Unistream money transfer system.

According to the publication, in transferring funds to Russia, Armenia, Kazakhstan and Tajikistan are singled out for largest amounts. The increase in the number of transfers to Russia is associated with the support of relatives from abroad, the newspaper notes.

Instead, money transfers from Russia to foreign countries in March shrank 11%, compared with the beginning of the year. Most often, money was transferred from Russia to Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Uzbekistan, the Czech Republic and Israel.
According to experts polled by Izvestia, the decrease in cash flow from Russia abroad is due to the closure of borders and enterprises, and therefore labor migrants were left without work. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Ranking of biggest profit-gainers among Armenia’s banks for Jan-Sept 2019

ARKA News Agency has released the ranking of the biggest profit-gainers among Armenia's commercial banks for Jan-Sept 2019. The Armenian banking sector's aggregate net profit for Jan-Sept 2019 amounted to AMD 60.9 billion against the AMD 51.7 billion of the same period a year before showing a 18% year-on-year growth. All the 17 banks of the country operated with profits

LATEST NEWS

spot_imgspot_imgspot_img