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RF Is In Shameful Third Place In Armenian Economy On Line Of Investm

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  • RF Is In Shameful Third Place In Armenian Economy On Line Of Investm

    RF IS IN SHAMEFUL THIRD PLACE IN ARMENIAN ECONOMY ON LINE OF INVESTMENTS, V.PUTIN DECLARES

    Noyan Tapan
    Oct 31 2006

    MOSCOW, OCTOBER 31, NOYAN TAPAN. RA President Robert Kocharian who
    is in RF on a working visit had a tete-a-tete talk with RF President
    Vladimir Putin on October 30 in the Kremlin. According to the report
    submitted to NT from RA President's Press Office, V.Putin greeting RA
    President's visit to Russia expressed satisfaction with the fact that
    the bilateral relations periodically continue at the highest level
    and depth. He touched upon extension of Armenian-Russian economic
    cooperation in the recent period emphasizing that only in the eight
    months of this year the volume of mutual trade amounted to 278 mln
    dollars, which exceeds the index of the same period of the previous
    year by 60%.

    Nevertheless, he considered as "shameful" fact that Russia takes the
    third place in Armenian economy by the volume of investments. "We
    are in the shameful third place, as it is strange that Russia does
    not take the first place in the economy of its strategic partner on
    the line of investments," RF President said. Meanwhile, he attached
    importance to the circumstance that the Russian investments in
    Armenia have a tendency of growing. Robert Kocharian, in his turn,
    said that all agreements with Gazprom on energy projects start
    to be implemented. "So, the investment component will essentially
    change next year," he said. As an excellent example of bilateral
    cooperation RA President mentioned launching of ArmenAl that has
    been modernized lately and has increased the production volumes
    for several times. At the meeting V.Putin also touched upon Year of
    Armenia in Russia mentioning that it proceeds very well and is the
    natural continuation of Year of Russia in Armenia. RA President also
    mentioned that all events scheduled within the framework of Year of
    Armenia in Russia have been implemented. He considered it interesting
    that proposals of holding joint events were received from RF regions
    during the year, which enriched the scheduled program. R.Kocharian
    attached importance to further continuation of cooperation in the
    humanitarian sphere and preservation of mechanisms already worked out
    in this direction. Opinions on international and regional problems were
    exchanged at the meeting. They touched upon perfection of cooperation
    within the framework of CIS, Collective Security Treaty Organization
    (CSTO) and Eurasian Economic Cooperation. RA and RF Presidents also
    discussed issues relating to combining the two countries' efforts
    in the direction of rehabilitation of the situation in the region,
    revelation of the potential of bilateral cooperation, prevention of
    new conflicts, in particular, the unsolved Nagorno Karabakh conflict.
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