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Russian-Armenian Industrial Exhibition Opened In Yerevan

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  • Russian-Armenian Industrial Exhibition Opened In Yerevan

    RUSSIAN-ARMENIAN INDUSTRIAL EXHIBITION OPENED IN YEREVAN

    ITAR-TASS
    October 24, 2012 Wednesday 09:49 PM GMT+4
    Russia

    The fifth annual Russian-Armenian industrial exhibition opened in
    Yerevan on Wednesday.

    The Expo-Russia-Armenia-2012 exposition features industrial and
    agricultural products of dozens of Russian and Armenian enterprises
    and demonstrates the possibilities of their economies.

    A "Eurasian Breakthrough" business forum will take place on the
    exhibition's sidelines.

    "Russia remains Armenia's biggest trade and economic partner," Ovik
    Abramyan, the speaker of the Armenian parliament, said, opening the
    exhibition, which in his words was a floor for establishing mutually
    beneficial business and friendly ties, forwarding new ideas and
    carrying out interesting business initiatives.

    "Russia and Armenia, that are strategic partners, have broader
    opportunities for cooperation thanks to the solid foundation of
    reciprocal ties and the commonness of economic agents," Abramyan went
    on to say.

    "Russian-Armenian economic ties have been developing successfully. The
    presidents of Russia and Armenia noted that during their recent meeting
    in the Kremlin," Sergei Katyrin, the president of the Russian Chamber
    of Commerce and Industry, said in his address to the participants in
    the exhibition.

    "We have accumulated vast experience in all spheres of cooperation
    by the 20th anniversary of establishment of diplomatic relations,"
    Katyrin emphasized.

    He said that Russia was number one partner for Armenia among its
    foreign economic partners. "Russian businessmen actively invest in
    the energy and banking sectors, telecommunications, and the mining
    and construction industries," Katyrin said.

    More than 1,300 enterprises with the Russian capital have been
    registered in Armenia. "The accumulated volume of investments in the
    republic's economy has reached 3 billion dollars," Katyrin went on to
    say. He believes that industrial exhibition would produce a favorable
    impact on bilateral cooperation and become an additional factor to
    deepening economic integration.

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