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TBILISI: Russian - Armenian Relations

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  • TBILISI: Russian - Armenian Relations

    RUSSIAN - ARMENIAN RELATIONS

    The Messenger
    Oct 21 2011
    Georgia

    During the recent summit in St. Petersburg on October 18 PMs of Armenia
    and Russia, Sarkisian and Putin held a meeting. Currently their
    economic ties are quite successful. Russian investments in Armenia
    reached USD 3 bln. Only Russian state controlled Gasprom invested in
    Armenia more than USD 1.6 bln. Currently, as Putin informed, there are
    activities underway on the development of Armenia's transport system -
    railways as well as motorways. Armenian PM Sarkisian stated that in
    2010 coutry's economic growth reached 2 % and it is planned to reach
    the five percent of economic growth in 2011.He added that Russian
    companies in Armenia feel themselves very comfortable. There are more
    than 1200 companies with Russian capital active in Armenia currently.




    From: A. Papazian
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