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Vice-prime minister says level of financial flows from the country not threatening

15.07.2016 18:57

Vice-prime minister says level of financial flows from the country not threatening

YEREVAN, July 15. /ARKA/. Armenian Vice-Prime Minister Vache Gabrielyan said today he did not think that the level of financial flows from the country was threatening

"I do not think that the outflow of capital from Armenia is extremely large. It remains at the same level as before. Its level can not be compared, for example, with Russia," Gabrielyan told journalists on Friday.

Armenia is ranked 70th in terms of illicit outflow of capital according to a Global Financial Integrity study, which says that about $983 million is being illegally taken out from the country a year. -0-.

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Annual illicit financial flows from Armenia amount to $983 million

11.12.2015 18:03

Armenia is 70th among 149 countries in Global Financial Integrity Organization’s ‘Illicit Financial Flows from Developing Countries: 2004-2013’ reports

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Tags: Armenia, crime, financial flows

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