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Mediamax, Armenia
Oct 12 2012
Armenia-Russia trade turnover to exceed $1bln this year
Yerevan/Mediamax/. The volume of Russian investments in Armenia over
the last 20 years totaled about $3bln.
Russian Minister of Transport, co-chairman of the Armenian-Russian
intergovernmental commission Maxim Sokolov said this in Yerevan today
while answering Mediamax's question about the decline in the volume of
direct investments to Armenia.
`It's early to sum up the results yet. We'll study the statistics at
the end of the year. The investment process has certain discretion. As
a rule, investors build their financial plans on the basis of maximum
concentration of resources by the end of the year,' he said.
According to the data of the National Statistical Service of Armenia,
the volume of direct Russian investments to Armenia in the first half
of 2012 decreased by over 80%.
Maxim Sokolov recalled that in 2011 the trade turnover between Russia
and Armenia totaled $1bln.
`The statistics of the current year shows that we have already
exceeded $800mln during 8 months, thus by the end of the year we will
exceed last year's $1bln,' he said.
An agreement on economic cooperation between Armenia and Russia until
2020 was signed in Yerevan today.
Armenian Prime Minister, Armenian co-chairman of the commission Tigran
Sargsyan said that `this document covers almost all cooperation
directions between two countries.'
Oct 12 2012
Armenia-Russia trade turnover to exceed $1bln this year
Yerevan/Mediamax/. The volume of Russian investments in Armenia over
the last 20 years totaled about $3bln.
Russian Minister of Transport, co-chairman of the Armenian-Russian
intergovernmental commission Maxim Sokolov said this in Yerevan today
while answering Mediamax's question about the decline in the volume of
direct investments to Armenia.
`It's early to sum up the results yet. We'll study the statistics at
the end of the year. The investment process has certain discretion. As
a rule, investors build their financial plans on the basis of maximum
concentration of resources by the end of the year,' he said.
According to the data of the National Statistical Service of Armenia,
the volume of direct Russian investments to Armenia in the first half
of 2012 decreased by over 80%.
Maxim Sokolov recalled that in 2011 the trade turnover between Russia
and Armenia totaled $1bln.
`The statistics of the current year shows that we have already
exceeded $800mln during 8 months, thus by the end of the year we will
exceed last year's $1bln,' he said.
An agreement on economic cooperation between Armenia and Russia until
2020 was signed in Yerevan today.
Armenian Prime Minister, Armenian co-chairman of the commission Tigran
Sargsyan said that `this document covers almost all cooperation
directions between two countries.'