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TBILISI: Russian Capital In Armenia

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  • TBILISI: Russian Capital In Armenia

    RUSSIAN CAPITAL IN ARMENIA

    The Messenger
    April 2 2009
    Georgia

    Today 113 companies in Armenia function with Russian capital. During
    the last eight years Russia has invested USD 1.079 billion in Armenia.

    The Co-Chairman of the Armenia-Russia Inter-Parliamentary Commission,
    MP Aram Saparian, says that in 2009 economic activity between the two
    countries might decrease due to the world economic crisis. However
    from the end of 2010 the situation will change and hopefully Russia
    will then make new large scale investments.

    By 2010 the construction of the new nuclear power station should
    start as well as Iran-Armenia railway construction. There are serious
    discussions as well on the possibility of exploiting uranium reserves
    in Armenia.
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