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Armenia is one of three leading countries in Europe and Central Asia in terms of remittances

25.10.2017 18:05

Armenia is one of three leading countries in Europe and Central Asia in terms of remittances

YEREVAN, October 25. /ARKA/. Armenia is one of the three leading countries in Europe and Central Asia in terms of remittances sent home by labor migrants, according to the World Bank’s latest Regional Economic Update Migration and Mobility in Europe and Central Asia.

According to the WB update, remittances account for 13.9% of Armenia’s gross domestic product GDP. According to Armenia’s National Statistical Service, private remittances sent to Armenia through banks for non-commercial purposes exceeded $1 billion in the first 8 months of this year, which was $160 million, or 17.5% more than in the same period last year.

In 2016 a total of $1.532.8 billion were remitted to Armenia (a 6% decrease from the previous year), and $816.9 million were remitted from Armenia to other countries (an increase of 7.3%).

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European Central Bank leaves key interest rates unchanged at 0.05 percent

04.12.2014 18:38

European Central Bank leaves key interest rates unchanged at 0.05 percent

The European Central Bank has left its key interest rates unchanged at its regular monthly policy meeting on Thursday, Prime reported

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ACBA-CREDIT AGRICOLE BANK raffles off trips to Athens, Nice, Barcelona, Naples and London for its cardholders

16.06.2014 19:44

ACBA-CREDIT AGRICOLE BANK raffles off trips to Athens, Nice, Barcelona, Naples and London for its cardholders

n Monday ACBA-CREDIT AGRICOLE BANK raffled off seven-day trips to Athens, Nice, Barcelona, Naples and London for its cardholders, the bank’s press office reports

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ECB's asmussen wants single bank supervision, resolution next year:Reuters

14.05.2013 13:54

ECB's asmussen wants single bank supervision, resolution next year:Reuters

European Central Bank policymaker Joerg Asmussen threw his weight behind demands by France and the European Commission for the swift establishment of a single supervisory authority and resolution regime for euro zone banks next year

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Consumer price sin Eurozone rise 1.7 percent in March

16.04.2013 20:47

Consumer price sin Eurozone  rise 1.7 percent in March

Inflation across the 17 European Union countries that use the euro fell for the third month running in March to its lowest level in nearly three years, RBC said citing official figures

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Financial transactions tax in Europe given go-ahead, BBC News reports

23.01.2013 12:29

Financial transactions tax in Europe given go-ahead, BBC News reports

EU ministers have given the go ahead for 11 eurozone members, including France and Germany, to prepare a new financial transactions tax, BBC News reported Tuesday

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ECB chairman says economic activity to recover in 2013

06.12.2012 20:17

ECB chairman says economic activity to recover in 2013

The European Central Bank (ECB) on Thursday left its key interest rate unchanged at a record-low 0.75% for a fifth straight month

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European market not perspectives for Armenian jewelry- AJA President

30.10.2012 15:25

European market not perspectives for Armenian jewelry- AJA President

Armenian jewelers are not focusing on the European market today, as it is not perspective for them due to the crisis, a president of Armenian Jewelers Association (AJA) Gagik Gevorgyan said Tuesday

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European Investment bank begins immediate allocation of 750 million euros to Greek economy

13.09.2012 21:37

European Investment bank begins immediate allocation of  750 million euros to Greek economy

The European Investment Bank began immediate allocation of up to 750 million euros ($966 million) to the crisis-hit Greek economy, RIA Novosti reported citing the Greek finance ministry

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European Union experts to advise on introduction of insurance in Armenian agriculture: Minister

24.08.2012 20:22

European Union experts to advise on introduction  of insurance in Armenian agriculture: Minister

European Union experts will arrive in Armenia in October to advise on introduction of insurance in agriculture, agriculture minister Sergo Karapetian told a news conference today

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