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RUSSIAN-ARMENIAN TRADE TO EXCEED $1 BLN IN 2011 - MEDVEDEV
Interfax
Oct 24 2011
Russia
Russian-Armenian trade is expected to top $1 billion in 2011, Russian
President Dmitry Medvedev has said.
"Political relations have been developing intensively between the two
countries and trade and economic relations are becoming increasingly
balanced," Medvedev said after talks with his Armenian counterpart
Serzh Sargsyan. "We have overcome the effects of a crisis in our
relations and we will surpass the pre-crisis level and bring trade
to over $1 billion," Medvedev said.
"Russia's accumulated investment in the Armenian economy has topped
$2.8 billion," he said.
"Cooperation has been broadening in the energy, high-technology and
transport sectors, which is a good signal. Business partnership will
be promoted further by the amendments made today in the agreement
that scraps the double taxation of profit and assets," he said.
Serzh Sargsian's current visit to Moscow is the first visit to have
been paid by an Armenian president to Russia, he said. "Our talks
are a conversation between two friends and the heads of two allied
states," the Russian president said.
Interfax
Oct 24 2011
Russia
Russian-Armenian trade is expected to top $1 billion in 2011, Russian
President Dmitry Medvedev has said.
"Political relations have been developing intensively between the two
countries and trade and economic relations are becoming increasingly
balanced," Medvedev said after talks with his Armenian counterpart
Serzh Sargsyan. "We have overcome the effects of a crisis in our
relations and we will surpass the pre-crisis level and bring trade
to over $1 billion," Medvedev said.
"Russia's accumulated investment in the Armenian economy has topped
$2.8 billion," he said.
"Cooperation has been broadening in the energy, high-technology and
transport sectors, which is a good signal. Business partnership will
be promoted further by the amendments made today in the agreement
that scraps the double taxation of profit and assets," he said.
Serzh Sargsian's current visit to Moscow is the first visit to have
been paid by an Armenian president to Russia, he said. "Our talks
are a conversation between two friends and the heads of two allied
states," the Russian president said.