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Three-Year Program on Coop Between Yerevan and Saint Petersburg TBD

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  • Three-Year Program on Coop Between Yerevan and Saint Petersburg TBD

    THREE-YEAR PROGRAM ON COOPERATION BETWEEN YEREVAN AND SAINT PETERSBURG
    TO BE DEVELOPED


    YEREVAN, SEPTEMBER 14, NOYAN TAPAN. A joint working group of Yerevan
    and Saint Petersburg Mayor's Offices will be set up with the aim of
    developing a program on cooperation between the two cities in the next
    three years. An agreement on this was reached between Saint Petersburg
    Governor Valentina Matviyenko and Yerevan Mayor Ervand Zakharian at
    the September 14 meeting in Yerevan.

    According to V. Matviyenko, not only a historical basis but also an
    economic potential and mutual interest exist for extending the
    cooperation between Russia and Armenia, as well as Yerevan and Saint
    Petersburg. She said that first of all, the volumes of commodity
    turnover between Armenia and Saint Petersburg should
    increase. Although this index grew by 15% in 2004 over the previous
    year and made around 9 mln USD, it is still quite low. V. Matviyenko
    also stated that they have achieved an agreement with E. Zakharian to
    build a Saint Petersburg House in Yerevan and a Yerevan House in Saint
    Petersburg.

    During the one-day visit, the businessmen included in the Russian
    delegation will meet with Armenian businessmen to discuss
    opportunities for making investments and founding joint ventures.
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