By Smbat Grigoryan

YEREVAN. – From January to March, the remittances to Armenia have increased by a little less than $0.4 million, or by 0.1 percent, on an annual basis.

This rise is primarily due to the sharp upsurge in transfer of funds from Germany. This positive indicator has enabled to reciprocate for the reduction in remittances from Russia.

Transmittals from Russia have reduced by $12.1 million, or by 8.1 percent, within a year.

At the same time, the flow of money from Armenia to Russia increased by $30.6 million, or by virtually 1.6 times.

These remittances are somewhat stable.

Due to the Russian ruble’s sharp weakening against the US dollar over the course of the past two years, purchasing cheaper real estate in Russia has become more profitable for those—including from Armenia—who have a dollar capital.