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RF-Armenia econ coop program vital document for future - minister

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  • RF-Armenia econ coop program vital document for future - minister

    ITAR-TASS, Russia
    October 13, 2012 Saturday 10:31 PM GMT+4



    RF-Armenia econ coop program vital document for future - minister

    YEREVAN October 13


    The programme of economic cooperation between Russia and Armenia up to
    2020 is a vital document looking into the future, Russian Transport
    Minister Maxim Sokolov said.

    "This document covers all aspects of relations between our countries
    and maps out prospects for their development until the year 2020,"
    Sokolov said at the 2nd Russian-Armenian inter-regional forum "Russia
    and Armenia" Inter-Regional Dialogue-2012" on Saturday.

    "This is a systemic document that sets ambitious indicators for
    increasing mutual trade and investments," Armenian Prime Minister
    Tigran Sargsyan said. "It identifies all main areas of economic
    cooperation."

    He believes that "regions should take an active part in drafting and
    implementing an action plan. This can provide a solid basis for
    further dialogue."

    According to Sokolov, the two countries should focus on "developing
    joint innovative projects" such as the Group of Companies
    "GeoPromining" which "has been operating in Armenia since 2007 and is
    one of the largest Russian investors".

    He recalled that "the enterprises of the Group have resumed operation,
    upgraded mining and dressing equipment, reorganised business
    processes. What is particularly encouraging, and this is intertwined
    with the topic of innovations, is that the Ararat gold mill has
    introduced a new innovative ore dressing technology called Albion."

    Another example is the creation and launch of a free economic zone at
    the Yerevan Research Institute of Mathematical Machines, which is
    played host to the Russian-Armenian inter-regional forum. Control of
    the institute has been transferred to Russia as payment for Armenia's
    state debt and is now run by the company Sitronics.


    From: Baghdasarian
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