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Interfax, Russia
Oct 12 2012
Russia and Armenia's trade to top $1 bln this year - head of
intergovernmental committee
Yerevan
Trade between Russia and Armenia will exceed $1 billion this year, the
co-chair of the Armenian-Russian Intergovernmental Committee for
Economic Partnership, Maxim Sokolov, said at a briefing in Yerevan on
Friday.
Sokolov said that this figure reached over $800 million in January-August 2012.
According to the Armenian National Statistics Service, total trade
between the two countries came to $1.114 billion in 2011, up 11.9% in
2010. Exports totaled $222.7 million (up 38.8%) while imports came to
$891.7 million (up 6.8%).
Sokolov also said that total Russian investment in the Armenian
economy has reached around $3 billion in the last 20 years, including
direct investment, which has come to $2.5 billion.
"It makes us happy that Russian investment isn't portfolio-based but
largely direct investment. This means that funds are going to
enterprises, the development of the material and technical base, and
business development," he said.
Ih
Oct 12 2012
Russia and Armenia's trade to top $1 bln this year - head of
intergovernmental committee
Yerevan
Trade between Russia and Armenia will exceed $1 billion this year, the
co-chair of the Armenian-Russian Intergovernmental Committee for
Economic Partnership, Maxim Sokolov, said at a briefing in Yerevan on
Friday.
Sokolov said that this figure reached over $800 million in January-August 2012.
According to the Armenian National Statistics Service, total trade
between the two countries came to $1.114 billion in 2011, up 11.9% in
2010. Exports totaled $222.7 million (up 38.8%) while imports came to
$891.7 million (up 6.8%).
Sokolov also said that total Russian investment in the Armenian
economy has reached around $3 billion in the last 20 years, including
direct investment, which has come to $2.5 billion.
"It makes us happy that Russian investment isn't portfolio-based but
largely direct investment. This means that funds are going to
enterprises, the development of the material and technical base, and
business development," he said.
Ih