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Armenia Is Among Main Countries-Receivers Of Transfers From RF Gasta

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  • Armenia Is Among Main Countries-Receivers Of Transfers From RF Gasta

    ARMENIA IS AMONG MAIN COUNTRIES-RECEIVERS OF TRANSFERS FROM RF GASTARBEITERS

    arminfo
    2008-02-12 11:18:00

    ArmInfo. A new record on money transfer to CIS countries from
    gastarbeiters (migrant workers), working in RF, was fixed in 2007.

    As the Russian Mass Media report, according to the Central Bank's,
    about $36 bln have been transferred abroad in 2007 by natural
    persons from Russia via money transfer systems and the 'Mail of
    Russia'. Transfers of gastarbeiters in Russia make up a considerable
    part of these amounts. Uzbekistan (16,7%), Tajikistan (15,9%), Ukraine
    (15,4%), Armenia (10,1%) and Moldova (8,7%) have become the main
    receiver- countries. By estimations of experts of the Institute of
    Energy and Finances, the 'transfers from Russia to Armenia increased
    from $615 mln in 2006 to almost $700 mln in 2007'. At the same time
    the experts think that Russia does not sell to disadvantage either
    from such a practice. According to the data of the Federal Migration
    Service, the gastarbeiters turned out products in RF to $50 bln in
    2007, (about 4% of RF GDP volume), and transferred only $13 bln to
    the Motherland. The workers, officially registered in the municipal
    companies, have to be paid 20 - 25 thsd rubles monthly, while 10-15
    thd rubles per month are enough for illegal workers.

    The experts specify that money transfers are only part of the funds
    carried outwards by gastarbeiters. About $18 bln are carried over in
    cash and via a system based on the chain of personal contacts.
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