Announcement

Collapse
No announcement yet.

In Opinion Of Victor Zubkov, Armenian-Russian Joint Investment Progr

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

  • In Opinion Of Victor Zubkov, Armenian-Russian Joint Investment Progr

    IN OPINION OF VICTOR ZUBKOV, ARMENIAN-RUSSIAN JOINT INVESTMENT PROGRAMS PROCEED SUCCESSFULLY

    Noyan Tapan
    Feb 6, 2008

    YEREVAN, FEBRUARY 6, NOYAN TAPAN. Commodity turnover between Armenia
    and Russia currently makes 700 mln dollars, even though there is
    an opportunity to increase this index to 1 bln dollars in a short
    period of time, the Armenian prime minister Serge Sargsian stated
    at the February 6 joint precc conference with the Russian prime
    minister Victor Zubkov. According to him, the Russian side started
    to make invstments in Armenia actively, and the total amount of these
    investments has passed the one billion dollar mark.

    S. Sargsian said that the problem of transport communication
    hinders rapid development of relations between the two countries,
    and the transfer of Armenian Railway company to Russian Railways for
    concession management will help solve this problem. It was mentioned
    that Armenian building materials will be used in construction work
    for organization of the 2014 Olympic Games in Sochi: these materials
    will be transported to Russia by railway.

    In the words of V. Zubkov, an agreement on improvement of the trade
    regime and an agreement on promotion of bilateral cooperation in the IT
    sector were signed during this visit. He attached special importance
    to an exchange of notes about signing an intergovernmental agreement
    on Armenia's participation in activities of the international center
    of uranium enrichment.

    V. Zubkov said that Russia continues to be the major trade partner
    of Armenia, with bilateral commodity turnover increasing by 60%
    in the past two years. In his words, the joint investment programs
    are proceeding successfully, involving various directions such
    as atomic energy, diamond cutting, telecommunication, railway
    transport. It was stated that regular operation of Kavkaz-Poti ferry
    link will also contribute to further development of trade and economic
    cooperation. The Russian prime minister stated that the first pilot
    program of the ferry link's operation has been successful: the first
    shipment of cement has been exported from Armenia to Russia.

    Speaking about "Property for Debt" program, V. Zubkov said that the
    inventory making of Mars Plant has been completed, and valuation
    of shares is now being done, after which private investors will be
    attracted for relaunching the plant.

    In response to the question about how the upcoming presidential
    elections in Armenia will affect Armenian-Russian relations,
    S. Sargsian replied that the relations between the two countries have
    not only the rich past and present but also good prospects. According
    to him, Armenia is connected with Russia by thousands of links,
    and it is to Armenia's advantage to maintain friendly relations with
    Russia. "The Russian capital is at ease in Armenia. Other kinds of
    relations are out of the question, and Armenian-Russian links will
    gradually strengthen," the Armenian prime minister stated.
Working...
X