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Medvedev: Russia Is Leader Among Armenia's Economic Partners

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  • Medvedev: Russia Is Leader Among Armenia's Economic Partners

    MEDVEDEV: RUSSIA IS LEADER AMONG ARMENIA'S ECONOMIC PARTNERS

    ARKA
    Oct 21, 2008

    YEREVAN, October 21. /ARKA/. Russia is the leader among Armenia's
    economic partners, Russian President Dmitry Medvedev said in Yerevan
    on Tuesday.

    "Trade turnover between the two countries has grown over eight months
    of this year, and we hope that the end of this year will be quite
    successful", he said at a joint press conference with his Armenian
    counterpart, Serzh Sargsyan.

    National Statistical Service of Armenia says trade turnover between
    Armenia and Russia grew 19.5% in Jan/Aug 2008 reaching $482.4 million.

    Armenia's export to Russia reached $136.4 million (19.6% of total
    export) after growing 9% over the mentioned period, compared with
    the same period a year earlier.

    Medvedev said that energy sector, industry, transport, banking system
    and information technologies are considered as top-priority focuses
    in Armenian-Russian cooperation.

    "We intend to continue developing industrial cooperation, stimulate
    mutual investment and widen inter-regional ties", he said. "That is
    the aim of the agreements signed today".

    The Russian president pointed out effectiveness of Armenian-Russian
    intergovernmental committee's activity. The committee on economic
    cooperation held its 10th session in Yerevan on Monday.

    "It was a comprehensive and good job and its results were seen in
    today's negotiations and document signing=E 2, he said.

    Armenian President Serzh Sargsyan, in his turn, said that the majority
    of agreements signed earlier have already been put in reality.

    "The agreement on energy supply to Armenia is among them", he said.

    "This will enable us to ensure further stable growth of our economy".

    The head of state said that both countries are also interested in
    development of ties between economy entities and regions.

    Russian-Armenian talks have resulted in signing some
    cooperation-related documents, such as the plan of consultations
    between Armenian and Russian foreign ministries, agreements on trade,
    economic, scientific and cultural cooperation between the authorities
    of Russian region of Sverdlov and Armenian Government and between
    Russian Yaroslav and Armenian Armavir provinces' authorities.
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