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Armenia's Double Digit Economic Growth Was Mainly A Result Of Increa

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  • Armenia's Double Digit Economic Growth Was Mainly A Result Of Increa

    ARMENIA'S DOUBLE DIGIT ECONOMIC GROWTH WAS MAINLY A RESULT OF INCREASE IN TRANSFERS: GAGIK EGANYAN

    Tert.am
    12.05.10

    The Armenian Government is concerned about the big number of migrants
    who left Armenia in the 1990s.

    "Both the number of marriages and births has seen almost a two-fold
    reduction during the past 20 years. Our economic potential is being
    decreased and weakened, our stabilization and development capacity
    has been blocked," Head of State Migration Service of the Republic
    of Armenia Gagik Eganyan said on May 11 while presenting the Human
    Development Report.

    At the same time he mentioned that several families in Armenia have
    had a permanent income due to the growth of migration.

    "Due to this phenomenon the transfers sent to Armenia have played a
    big role in the double digit economic growth of the country.

    Particularly, there has been registered a 20% growth in transfers
    since 2001," said Eganyan.
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