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TBILISI: Russia-Armenia Trade Turnover Increases

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  • TBILISI: Russia-Armenia Trade Turnover Increases

    RUSSIA-ARMENIA TRADE TURNOVER INCREASES

    The Messenger
    Dec 15 2008
    Georgia

    Russian-Armenian trade turnover for the ten months of 2008 was USD
    860 million. Of this amount USD 680 million was accounted for by
    products Russia exported to Armenia.

    In 2008 Russia's investments in Armenia doubled, reaching USD 570
    million, 70% of total foreign investment in the country.

    Russia and Armenia will cooperate in nanotechnologies, energy and
    other economic spheres. Russia will also assist Armenia in building
    its new nuclear power station. Armenia has not suffered considerably
    so far from the world economic crisis.

    From: Emil Lazarian | Ararat NewsPress
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