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RF-ARMENIAN TRADE TO EXCEED USD ONE BLN IN 2011 - MEDVEDEV
ITAR-TASS
Oct 24 2011
Russia
Trade turnover between Russia and Armenia in 2011 will exceed one
billion U.S. dollars, Russian President Dmitry Medvedev said on Monday.
After the talks with Armenian President Serzh Sargsyan, who is
currently in Moscow on a state visit, Medvedev said trade turnover
had increased as compared with the year 2010 and the pre-crisis period.
Medvedev noted that political contacts developed actively between the
two countries. "Trade and economic contacts are becoming more and more
balanced." "We overcame the effects of the crisis in our relationship.
We note that this year we will exceed the pre-crisis level of trade
turnover. It will exceed one billion U.S. dollars," the Russian
president said.
He added, "At present, Russian investments into the Armenian economy
exceeded 2.8 billion U.S. dollars." "We maintain cooperation in the
energy sector, cutting edged technologies and transport. These are
good signals," Medvedev said.
"Amendments, which have been made to the agreement on the abolition
of double taxation on the income and property, will facilitate the
strengthening of business-like partnership," the Russian leader
stressed.
In 2010 trade turnover between the two countries amounted to about
860 million U.S. dollars. In January-July 2011 trade reached 487.7
million U.S. dollars. It increased by 15.2 percent as compared with
the same period of last year. In 2008 trade turnover between Russia
and Armenia was of 899.9 million U.S. dollars.
Commenting on the talks with the Armenian leader, Medvedev said,
"Our conversation is the talk of two friends and two allies."
The presidents of Russia and Armenia had about ten meetings in
2010-2011, including those during the working visits of Sargsyan
to Moscow and St. Petersburg and multilateral events. They met, for
instance, on the sidelines of an informal summit of the Collective
Security Treaty Organization (CSTO) in Astana and at the CIS Dushanbe
summit in September. There were tripartite meetings, as well, involving
Azerbaijani President Ilham Aliyev.
"The state visit of Russian President Dmitry Medvedev to Armenia
on August 19-20, 2010, laid down a solid foundation for further
strengthening of the bilateral relations. A number of important
documents in various spheres was signed during that visit," the
Kremlin said.
Russian investments amassed in Armenia since 1991 have exceeded
2.8 billion U.S. dollars or almost 60 percent of the total foreign
investments in the country. About 1,300 enterprises in Armenia have
Russian capital in them, which is over a fourth of all companies with
foreign capital in the republic.
Mostly, Russian investments are made in energy, banking, telecom,
mining, metallurgical and construction sectors. Gazprom, Inter RAO
UES, Russian Railroads, VTB, VympelCom and AFK Sistema are actively
operating on the Armenian market.
The Intergovernmental Commission for Economic Cooperation is an
important instrument of bilateral trade and economic interaction. The
commission held its latest meeting in Rostov-on-Don on July 8.
Large joint projects in priority energy sectors - gas, electric
power and atomic - are progressing successfully. Gazprom assisted
the construction of the fifth unit of the Razdan thermal power plant,
which is being prepared for the start-up.
Russia is taking continuous efforts to normalize external transport
links of Armenia. Profound modernization of Armenian railroads started
with their putting into concession management by Russian Railroads in
2008. A railroad ferry line is operating the Kavkaz and Poti seaports.
Traffic goes through the Verkhny Lars checkpoint on the
Russian-Georgian border. All that gives Armenia a land route to Russia
and an opportunity to enlarge its export potential.
Inter-regional relations are developing dynamically and involve about
70 Russian constituents. The first Russian-Armenian interregional
forum was held in Yerevan in April.
Long-standing historical and cultural traditions, which connect Russia
and Armenia, provide a high level of interaction in humanitarian
affairs and education. An office of the Russian Agency for the
Commonwealth of Independent States, Compatriots Living Abroad
and International Humanitarian Cooperation in Yerevan is working
actively, and the Centre for Innovative Cooperation opened on its
basis in April. A renovated monument to Russian soldiers, who died
in the Battle of Oshakan in 1827 was unveiled in April. The Days of
Russian Word were held under the umbrella of the Armenian president
in Yerevan in early October, and the House of Russian Book was opened
within the festival's framework.
The dialogue on international issues is a priority of the bilateral
relations. A key subject is the Karabakh situation. "Being a
co-chairman of the OSCE Minsk Group, Russia carries on its mediating
efforts aimed to coordinate fundamental principles of the Karabakh
peace process," the Russian presidential press office said.
Moscow and Yerevan interact in the CIS and the CSTO and coordinate
their positions in key aspects of international politics at the UN,
the OSCE and the Council of Europe.
ITAR-TASS
Oct 24 2011
Russia
Trade turnover between Russia and Armenia in 2011 will exceed one
billion U.S. dollars, Russian President Dmitry Medvedev said on Monday.
After the talks with Armenian President Serzh Sargsyan, who is
currently in Moscow on a state visit, Medvedev said trade turnover
had increased as compared with the year 2010 and the pre-crisis period.
Medvedev noted that political contacts developed actively between the
two countries. "Trade and economic contacts are becoming more and more
balanced." "We overcame the effects of the crisis in our relationship.
We note that this year we will exceed the pre-crisis level of trade
turnover. It will exceed one billion U.S. dollars," the Russian
president said.
He added, "At present, Russian investments into the Armenian economy
exceeded 2.8 billion U.S. dollars." "We maintain cooperation in the
energy sector, cutting edged technologies and transport. These are
good signals," Medvedev said.
"Amendments, which have been made to the agreement on the abolition
of double taxation on the income and property, will facilitate the
strengthening of business-like partnership," the Russian leader
stressed.
In 2010 trade turnover between the two countries amounted to about
860 million U.S. dollars. In January-July 2011 trade reached 487.7
million U.S. dollars. It increased by 15.2 percent as compared with
the same period of last year. In 2008 trade turnover between Russia
and Armenia was of 899.9 million U.S. dollars.
Commenting on the talks with the Armenian leader, Medvedev said,
"Our conversation is the talk of two friends and two allies."
The presidents of Russia and Armenia had about ten meetings in
2010-2011, including those during the working visits of Sargsyan
to Moscow and St. Petersburg and multilateral events. They met, for
instance, on the sidelines of an informal summit of the Collective
Security Treaty Organization (CSTO) in Astana and at the CIS Dushanbe
summit in September. There were tripartite meetings, as well, involving
Azerbaijani President Ilham Aliyev.
"The state visit of Russian President Dmitry Medvedev to Armenia
on August 19-20, 2010, laid down a solid foundation for further
strengthening of the bilateral relations. A number of important
documents in various spheres was signed during that visit," the
Kremlin said.
Russian investments amassed in Armenia since 1991 have exceeded
2.8 billion U.S. dollars or almost 60 percent of the total foreign
investments in the country. About 1,300 enterprises in Armenia have
Russian capital in them, which is over a fourth of all companies with
foreign capital in the republic.
Mostly, Russian investments are made in energy, banking, telecom,
mining, metallurgical and construction sectors. Gazprom, Inter RAO
UES, Russian Railroads, VTB, VympelCom and AFK Sistema are actively
operating on the Armenian market.
The Intergovernmental Commission for Economic Cooperation is an
important instrument of bilateral trade and economic interaction. The
commission held its latest meeting in Rostov-on-Don on July 8.
Large joint projects in priority energy sectors - gas, electric
power and atomic - are progressing successfully. Gazprom assisted
the construction of the fifth unit of the Razdan thermal power plant,
which is being prepared for the start-up.
Russia is taking continuous efforts to normalize external transport
links of Armenia. Profound modernization of Armenian railroads started
with their putting into concession management by Russian Railroads in
2008. A railroad ferry line is operating the Kavkaz and Poti seaports.
Traffic goes through the Verkhny Lars checkpoint on the
Russian-Georgian border. All that gives Armenia a land route to Russia
and an opportunity to enlarge its export potential.
Inter-regional relations are developing dynamically and involve about
70 Russian constituents. The first Russian-Armenian interregional
forum was held in Yerevan in April.
Long-standing historical and cultural traditions, which connect Russia
and Armenia, provide a high level of interaction in humanitarian
affairs and education. An office of the Russian Agency for the
Commonwealth of Independent States, Compatriots Living Abroad
and International Humanitarian Cooperation in Yerevan is working
actively, and the Centre for Innovative Cooperation opened on its
basis in April. A renovated monument to Russian soldiers, who died
in the Battle of Oshakan in 1827 was unveiled in April. The Days of
Russian Word were held under the umbrella of the Armenian president
in Yerevan in early October, and the House of Russian Book was opened
within the festival's framework.
The dialogue on international issues is a priority of the bilateral
relations. A key subject is the Karabakh situation. "Being a
co-chairman of the OSCE Minsk Group, Russia carries on its mediating
efforts aimed to coordinate fundamental principles of the Karabakh
peace process," the Russian presidential press office said.
Moscow and Yerevan interact in the CIS and the CSTO and coordinate
their positions in key aspects of international politics at the UN,
the OSCE and the Council of Europe.