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VTB 24 head says remittances from Russia to Armenia will grow this year

23.04.2012 12:35

VTB 24 head says remittances from Russia to Armenia will grow this year

YEREVAN, April 23. /ARKA/. Armenian economy will integrate with Russian markets and the volume of remittances will advance this year, VTB 24 President - Chairman of the Board, Mikhail Zadornov said.

“As of now, the situation enables us to make optimistic forecasts on the next one and a half year: Russian economy will grow by nearly 3.5-4 % this year. We consider this growth non-sufficient, but still not bad. Real income of population is increasing as well,” he said on Friday at the press conference.

Zadornov clarified that some part of population income in Armenia depends on money transfers from Russia and any crisis or, on the contrary, favorable situation may influence that income.

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