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Armenian-Russian Business Conference Held In Yerevan

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  • Armenian-Russian Business Conference Held In Yerevan

    ARMENIAN-RUSSIAN BUSINESS CONFERENCE HELD IN YEREVAN

    ARMENPRESS
    MAY 20, 2010
    YEREVAN

    YEREVAN, MAY 20, ARMENPRESS: Armenian-Russian business forum was held
    today in the Armenian Development Agency with the participation of
    businessmen from Orenburg and Armenia and organized by the Armenian
    Chamber of Commerce and Industry.

    The 70% of foreign financial investments in Armenia come to share to
    Russia. In 2009 the trade turnover between the two countries made more
    than 900 million USD, 790 million USD of which is import. Last year
    Russia's direct investments in Armenia made more than 380 million USD
    which is the 53.9% of the whole foreign investments in Armenia during
    the 2009. The investments were made in electricity, gas production,
    land transport, telecommunication, etc.

    Managing director of ADA Robert Harutyunyan welcomed the participants
    of the conference, noting that quite active Armenian community is
    functioning in Orenburg the business representatives of which where
    also present that the conference.

    "I think that first Armenian businessmen must cooperate with them.

    Armenians in Orenburg are mainly working in construction, food industry
    and trade spheres and I think that general interests will be found
    between the businessmen of the two countries. Orenburg Armenian
    community may turn into the accelerator of this cooperation," R.

    Harutyunyan said.

    According to him, in the construction sphere too Armenia has registered
    great success and has ancient-long traditions but the energy and
    agricultural sphere are also of interest and are well developed in
    the Russian province. "Our current relations do not reflect the real
    potential existing between Armenia and Orenburg. The businessmen have
    exclusive opportunity to find mutual interests," Robert Harutyunyan
    said.

    In 2009 the trade turnover of Armenia with Orenburg made only 103
    000 USD: metals, devices were imported, stones, building materials
    were exported. Eight Armenian enterprises are working in Orenburg.

    Chairman of the Armenian Chamber of Commerce and Industry Martin
    Sargsyan expressed hope that certain arrangement will be reached
    between the businessmen, over creation of joint enterprises as well.

    Chairman of the Chamber of Commerce and Industry of Orenburg Victor
    Sitizhev noted that in Armenia the businessmen of Orenburg wish to
    make investments in the sphere of medicine as well, establishing
    new medical diagnostic center. Besides, it is expedient to establish
    permanent air communication between Armenia and Orenburg.

    Within the framework of the conference cooperation contract has been
    signed between Armenian and Orenburg chambers.
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