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Russia Plans To Invest More In Armenian Economy - Medvedev

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  • Russia Plans To Invest More In Armenian Economy - Medvedev

    RUSSIA PLANS TO INVEST MORE IN ARMENIAN ECONOMY - MEDVEDEV

    Interfax News Agency
    June 24 2008
    Russia

    Russia will strengthen its positions as chief investor in the Armenian
    economy, President Dmitry Medvedev said."Russia is the main investor
    in the Armenian economy. The accumulated capital investments have
    topped $1.2 billion already," Medvedev said at a news conference in the
    Kremlin on Tuesday after talks with Armenian President Serzh Sargsyan.

    Medvedev announced that he had negotiated with his Armenian counterpart
    "additional steps to promote major projects being implemented in
    Armenia by Russian companies."

    Such majors as Gazprom, RUSAL, VimpelCom and VTB Bank are operating
    in Armenia, he said.

    Medvedev spoke in favor of strengthening "positive trends in investment
    cooperation between the two countries in recent years, further
    encouraging investment and broadening production and technological
    cooperation."
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