TRANSFERS FLOW TO ARMENIA PREDICTED TO GROW 17.3% TO $560.5MLN IN 2007

Arka News Agency, Armenia
Jan 16 2007

YEREVAN, January 16. /ARKA/. Transfers flow to Armenia is expected to
total $560.5mln in 2007 after growing by $82.6mln or 17.3%, compared
with 2006, experts at the Central Bank of Armenia predict.

They also think private transfers will grow 19.5% while official
transfers are predicted to grow 2%.

Private transfers will reach $498.1mln and official transfers to
$62.4mln in 2007.

In 2006, current transfers grew 16.8% to $477.8mln. They grew mainly
thanks to private transfers, which contributed 21.9% to the growth.

Private transfers reached $416.7mln in 2006 while official transfers
grew 9.2% reaching $61.1mln.