If tension in relations with Russia persists in the long term, restrictions will be created for Armenian goods in terms of consumption markets, governor Martin Galstyan of the Central Bank of Armenia (CBA) stated during a press conference Tuesday.

He noted that in conditions of market restrictions, investors weigh and evaluate whether or not it is worth investing in this or that sector.

Galstyan added that the dependence on remittances sent to Armenia by Armenian migrant workers abroad has significantly decreased. In his words, this is not the main factor in the growth of capital flows to Armenia.

The CBA chief noted that an impression may be created that the number of tourists in Armenia has decreased.

 “However, the peculiarity is that if previously those arriving were coming to the country and leaving after a short time, now they stay for a long time, forming additional demand in the economy,” Galstyan added.

In his assessment, this year tomatoes have become cheaper in Armenia by 53%, peaches by 57.7%, and apricots by 55.8%. “This is linked to the Russian factor,” the head of CBA explained.