Announcement

Collapse
No announcement yet.

Transport Problems Remain Main Hurdle To Boosting Trade With Russia

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Transport Problems Remain Main Hurdle To Boosting Trade With Russia

    TRANSPORT PROBLEMS REMAIN MAIN HURDLE TO BOOSTING TRADE WITH RUSSIA

    Armenpress
    Oct 13 2005

    YEREVAN, OCTOBER 13, ARMENPRESS: Armenian defense minister Serzh
    Sarkisian, who is also the Armenian cochairmen of the Russian-Armenian
    commission on economic cooperation, said yesterday transport
    problems were the main hurdle for drastic boosting of trade with
    Russia. Addressing a recurrent meeting of the commission in Yerevan
    Sarkisian said trade between the two countries in the first half of
    this year was up 30 percent.

    His Russian counterpart, transport minister Igor Levitin, said
    Russian-Armenian trade-economic partnership was exemplary for other
    CIS member countries. Vahagn Movsisian, the director of the Armenian
    Development Agency, cited several figures, saying that inflation in
    the first half of the year was 7 percent, GDP growth upped 15 percent,
    a 5 percent higher from a year ago.

    Levitin also said they were going to look into what should be done to
    give a boost to a ferryboat line running from Georgian port of Poti
    to Russian port of Kavkaz, but he blamed its inefficient operation
    on small volumes of goods the ferryboat takes aboard.

    Armenian prime minister Andranik Margarian met today the Russian
    minister to discuss ways for enhancing bilateral trade. The government
    press office said the two sides expressed satisfaction with growing
    trade that constituted $120 million in the first six months of this
    year. Margarian was reported to reaffirm Armenian government's
    readiness to help restore railway communication across Georgia's
    breakaway region of Abkhazia.
Working...
X