Back on the “needle” of remittances

02/09/2010

As the RA Central Bank informs in the second quarter of 2010 the growth of remittances of physical entities continued, which was mainly stipulated by the development of the economy of the Russian Federation. According to the new predictions of the International Monetary Fund the index of the economy growth of Russia for 2010 will amount to higher number than expected – 4.3. Only during the second half of 2010 the inflow of incomes originated due to the work of seasonal workers increased by 12.8% and amounted 151.6 million USD. In the second quarter the growth of private remittances amounted to 13.7%. The net inflow of foreign investments amounted to 158.8 million USD (instead of 151.2 million USD of the same period of the previous year).