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Data on Russian investments in Armenia posted
RosBusinessConsulting Database
October 13, 2004 Wednesday
Russian direct investments in Armenia amounted to $230m in 1998 to
2003, co-chairman of the Russian-Armenian intergovernmental
commission for economic cooperation Igor Levitin, who is also Russian
Transportation Minister, announced at an economic forum held in the
Armenian capital of Yerevan. Russia invested $68m in the Armenian
economy in 2003, he said. Russian investments in Armenia accounted
for 44 percent of Russia's overall investments abroad in 2003.
Russian invested the most in the Armenian industry and its banking
sector, he emphasized. The two countries have a number of joint
ventures such as Armenal, in which RusAl invested over $40m, Sibir
subsidiary Armavia and the Orbita company, the ARKA news agency
reported.
RosBusinessConsulting Database
October 13, 2004 Wednesday
Russian direct investments in Armenia amounted to $230m in 1998 to
2003, co-chairman of the Russian-Armenian intergovernmental
commission for economic cooperation Igor Levitin, who is also Russian
Transportation Minister, announced at an economic forum held in the
Armenian capital of Yerevan. Russia invested $68m in the Armenian
economy in 2003, he said. Russian investments in Armenia accounted
for 44 percent of Russia's overall investments abroad in 2003.
Russian invested the most in the Armenian industry and its banking
sector, he emphasized. The two countries have a number of joint
ventures such as Armenal, in which RusAl invested over $40m, Sibir
subsidiary Armavia and the Orbita company, the ARKA news agency
reported.