Thu, 31 July
28.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Money transfers from Russia to Armenia hit record-breaking level in 2021

YEREVAN, January 30, /ARKA/. Individual remittances from Russia to Armenia in the first 11 months of 2022 quadrupled from the same time span of 2021 to almost $3.1 billion, Russian news site RBC.RU reported. They accounted for just over two-thirds of total remittance inflows to Armenia.

This is a record-breaking figure since 2004.

A sizeable portion of that money was remitted to Armenia by tens of thousands of Russians who relocated to Armenia after the outbreak of the war in Ukraine and especially after Russia declared partial mobilization.

Overall, money transfers from Russia to Kazakhstan, Uzbekistan, Kyrgyzstan, Armenia, and Georgia in 2022 were reported at record-breaking levels, several times the figures for 2021.-0-

spot_img

POPULAR

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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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 approves EAEU agreement on allowing brokers and dealers to trade on exchanges of union countries

t a meeting on Thursday, the Armenian government approved a proposal to sign a draft agreement on granting permission to brokers and dealers of one Eurasian Economic Union member state to participate in organized trades of exchanges (trade organizers) of other EAEU member states.

LATEST NEWS

spot_imgspot_imgspot_img