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Armenian-Russian Trade And Economic Cooperation Develops Successfull

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  • Armenian-Russian Trade And Economic Cooperation Develops Successfull

    ARMENIAN-RUSSIAN TRADE AND ECONOMIC COOPERATION DEVELOPS SUCCESSFULLY, RF COMMERCIAL REPRESENTATIVE TO RA SAYS

    Noyan Tapan
    http://www.nt.am?shownews=1010455
    Dec 11, 2008

    YEREVAN, DECEMBER 11, NOYAN TAPAN. Trade and economic relations between
    Armenia and Russia continue developing successfully. Alexander Zaytsev,
    the commercial representative of Russia in Armenia, stated at the
    December 11 press conference. According to him, in 2008 commodity
    circulation between the two countries amounted to 860m USD, which
    exceeds previous year's index by 19%. Besides, according to A. Zaytsev,
    export from Armenia to Russia amounted to 187m USD, import 680m
    USD. Over the past 9 months the amount of Russian investments in
    Armenia almost doubled reaching 570m USD. A. Zaytsev emphasized that
    Russia has made investments of 1bn 800m USD in Armenia since 1991.

    Touching upon the world economic crisis, the RF commercial
    representative said that it has not had an impact on Armenia's economic
    system yet.

    According to him, it has two reasons: the first is that Armenia
    has not completely integrated to international economy yet and the
    second, the Armenian government undertakes proper steps to avoid
    the consequences of the crisis. "Certainly, the crisis will have an
    impact on our bilateral programs, but no project has been delayed or
    failed so far," A. Zaytsev said.

    He found it difficult to answer journalists' question of whether it
    is possible that due to fall in prices for energy carriers in the
    whole world Russia will also decrease the price for gas supplied to
    Armenia. A. Zaytsev only assured that if indeed price fall is noticed
    in the world, Russia will also reconsider its price policy. However,
    according to him, today prices decrease not in the whole world,
    but in some countries.
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