Remittance euphoria: Expansion or Dependency?

Remittance euphoria: Expansion or Dependency? $1.139 billion was transferred from Russia to Azerbaijan in 2012, according to the Central Bank of Russia. The volume of remittance from Russia to the CIS states reached $20.11bn in 2012 which is almost 22% higher than the indicator of the previous year, Russian media report. Personal transfers represent the income of house economies from abroad from their members and from the family economies of non-residents... Read More