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Russia Remains The Leading Economic Partner Of Armenia

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  • Russia Remains The Leading Economic Partner Of Armenia

    RUSSIA REMAINS THE LEADING ECONOMIC PARTNER OF ARMENIA

    armradio.am
    06.02.2008 16:01

    RA Prime Minister Serge Sargsyan declared during today's press
    conference with his Russian counterpart Viktor Zubkov that Armenia and
    Russia intend to have the commodity turnover reach $1 billion. He noted
    that the Armenian-Russian commodity turnover reached $700 million at
    the end of 2007, and there is the opportunity to cross the margin of
    $1 billion.

    Serge Sargsyan noted that transport communication is the only obstacle
    on the way of creasing the volume of trade between the two countries,
    and the transfer of the "Armenian Railway" Company to the trust
    management of the Russian side will have a considerable influence on
    the volume of work envisaged for the future. In this context Serge
    Sargsyan noted that an agreement has been reached on the supply of
    construction materials for the preparation of the 2014 Olympic Games
    in Sochi.

    Russian Prime Minister Viktor Zubkov informed that an agreement has
    been signed on cooperation in the fields of information technologies
    and trade.

    An intergovernmental agreement has been signed on Armenia's
    participation in the activity of the International Centre of Uranium
    Enrichment.

    Viktor Zublkov declared that Russia remains the leading economic
    partner of Armenia. He noted that Russia is simultaneously the
    main foreign investor in Armenia. The Russian Prime Minister
    expressed the opinion that joint investment programs are rather
    successful, especially in the fields of nuclear energy, jewelry,
    and communications.
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