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ARMENIAN-RUSSIAN TRADE TURNOVER HIT $1.2 BLN IN 2012: RUSSIA'S ECONOMY MINISTRY
YEREVAN, March 18. /ARKA/. Armenian-Russian trading turnover rose by
22.3% in 2012 from a year earlier to $1.2 billion, Russian official
Andrey Tsemakhovich said.
Tsemakhovich is a deputy head of the department of economic
cooperation and integration with the CIS at Russia's ministry of
economic development.
"It is the highest figure within the CIS. In 2012 imports from Armenia
to Russia rose by record high of 43.6%. Trading turnover in January
increased by 32.6%, which is also very optimistic, and import of the
Armenian production to Russia -by 87.6," he said Saturday at Economic
Aspects of the Eurasian Integration and Armenia conference in Yerevan.
Russian investments in Armenia climbed 5.2 times from 2007 to 2012,
and Armenia is ranked third in attracting Russian investments, after
Belarus and Ukraine, according to him.
"We succeeded to overcome the crisis peak faster than some other
countries and rally our economic growth. The Armenian government's work
should be singled out here. Particularly, we can see it through the
GDP growth rates in Armenia which were not only the highest in the CIS
but also in the world. But here we should not also underestimate the
joint efforts of the Armenian-Russian interparliamentary commission,"
he clarified.
Armenia posted 7.6% GDP growth in 2012 while an average growth within
the CIS stood at 3.4%.
Integration and Development organization organized "Economic aspects
of the Eurasian integration and Armenia" conference in Yerevan.
Economy Minister of Armenia Tigran Davtyan, scientists, analysts from
Russia, Armenia and Belarus participated in the conference. -0-
YEREVAN, March 18. /ARKA/. Armenian-Russian trading turnover rose by
22.3% in 2012 from a year earlier to $1.2 billion, Russian official
Andrey Tsemakhovich said.
Tsemakhovich is a deputy head of the department of economic
cooperation and integration with the CIS at Russia's ministry of
economic development.
"It is the highest figure within the CIS. In 2012 imports from Armenia
to Russia rose by record high of 43.6%. Trading turnover in January
increased by 32.6%, which is also very optimistic, and import of the
Armenian production to Russia -by 87.6," he said Saturday at Economic
Aspects of the Eurasian Integration and Armenia conference in Yerevan.
Russian investments in Armenia climbed 5.2 times from 2007 to 2012,
and Armenia is ranked third in attracting Russian investments, after
Belarus and Ukraine, according to him.
"We succeeded to overcome the crisis peak faster than some other
countries and rally our economic growth. The Armenian government's work
should be singled out here. Particularly, we can see it through the
GDP growth rates in Armenia which were not only the highest in the CIS
but also in the world. But here we should not also underestimate the
joint efforts of the Armenian-Russian interparliamentary commission,"
he clarified.
Armenia posted 7.6% GDP growth in 2012 while an average growth within
the CIS stood at 3.4%.
Integration and Development organization organized "Economic aspects
of the Eurasian integration and Armenia" conference in Yerevan.
Economy Minister of Armenia Tigran Davtyan, scientists, analysts from
Russia, Armenia and Belarus participated in the conference. -0-