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.