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Russian, Armenian leaders note progress in economic cooperation

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  • Russian, Armenian leaders note progress in economic cooperation

    Russian, Armenian leaders note progress in economic cooperation

    Channel One TV, Moscow
    14 May 04

    [Presenter] A Russian-Armenian summit has taken place in the
    Novo-Ogarevo residence outside Moscow. [Russian President] Vladimir
    Putin met Armenian President Robert Kocharyan, who is in Moscow on
    a three-day working visit.

    The Russian president said he was satisfied with economic cooperation
    between the two countries. But he said he thought there was room
    for improvement.

    [Putin, sitting next to Kocharyan] It is necessary to note that this
    work is not just intensive but also fruitful. It is reflected mainly
    in the pace of our economic cooperation. The trade turnover between
    Russia and Armenia last year rose by more than 34 per cent. This is
    a record. In my view, this is the best kind of evidence that we are
    moving in the right direction.

    [Kocharyan, in Russian] I think the impetus was the major
    debt-for-property deal. Prior to that, we had only been discussing
    the military technology factor in cooperation and had been saying
    that the economic factor was lagging behind. I can now say with total
    confidence that we have caught up and are now progressing together
    in every field at a synchronized rate.
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