Report Says Armenia Still Depends On Foreign Transfers

[Andres-Papazian]

REPORT SAYS ARMENIA STILL DEPENDS ON FOREIGN TRANSFERS

PanARMENIAN.Net
April 18, 2012 - 13:37 AMT

PanARMENIAN.Net - The share of private transfers entering Armenia
has remained unchanged in the total household income, head of Economy
and Values Armenian Research Center said.

"We still seriously depend on private transfers," Manuk Yergnyan said
during presentation of National Competitiveness Report of Armenia
2011-2012.

Presenting a comparative analysis of the country's ability to receive
private transfers from 20 countries, the expert said that despite
Armenia's quite weak positions, growth has been recorded in growth
rate of dependence on transfers.

Mr. Yergnyan further noted popularization of incomes as one of the
vulnerable areas of Armenian economy.

National Competitiveness Report of Armenia 2011-2012 has been
prepared by Economy and Values Research Center through support of
CAPS/USAID program, VivaCell-MTS, STAR trade network, German Society
for International Cooperation (GIZ) and Federal Ministry for Economic
Cooperation and Development (BMZ).




From: A. Papazian