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PM: Russian companies play core role in many sectors of Armenia's ec

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  • PM: Russian companies play core role in many sectors of Armenia's ec

    Armenian PM: Russian companies play core role in many sectors of
    Armenia's economy

    14:33 22.02.2014


    Russian and Armenian Prime Ministers Dmitry Medvedev and Tigran
    Sargsyan will meet in Sochi after the closing ceremony of the Olympic
    Games.

    Russia ranks first among investors in the Armenian economy, with
    Russian companies play core role in many economic sectors, Armenian
    Prime Minister Tigran Sarkisyan said.

    "First and foremost, Russia is our number one investor: in terms of
    investments [in Armenia], Russia ranks first, leaving behind the
    European Union and the United States," Sargsyan said in an interview
    with Itar-Tass. "Secondly, Russian companies are playing a core role
    in many economic sectors."

    According to the Armenian Prime Minister, agreements that were reached
    by Russia and his country in December 2014 were being implemented.
    These agreements were ratified by the parliament and came into effect.

    "First of all, they concern the energy sector and our relations with
    Gazprom on pricing formulas on Russian natural gas for the next five
    years, which guarantee stable and predictable in terms of price gas
    supplies to Armenia," Sargsyan said. "It is of principal importance
    for us that this regime is already being used for our country,
    although it was initially planned that it would be used after
    Armenia's joining the Customs Union [of Russia, Belarus and
    Kazakhstan]. The Russian side made a concession to us and this pricing
    regime, which provides for reduced gas prices for member countries of
    the Customs Union, is already pallicable to Armenia."

    "Apart from that, we have already received first fuel supplies from
    Rosneft, which will also help Armenia not to increase fuel prices.
    Moreover, there might be downwards tendency, instead," he stressed.

    Talks are underway with Russia's Gokhran [State Precious Metals and
    Gems Repository] on supplies of diamonds to Armenia, he noted.

    As concerns the investment sphere, it is cooperation in the free trade
    zone on the basis of Yerevan's Mars works of master controllers. All
    necessary normative documents and contracts with the managing company
    were signed and implemented last year, he said.

    Two business projects have already been endorsed by the Armenia
    government, Sargsyan said, adding that he was "glad that Armenia's
    first tablet computers and telephones will be manufactured in this
    free trade zone."

    Russian Prime Minister Dmitry Medvedev and Tigran Sargsyan will meet
    in Sochi on February 24, a day after the closing ceremony of the XXII
    Olympic Winter Games, which the Armenian premier is going to attend at
    the Russian side's invitation.

    http://www.armradio.am/en/2014/02/22/armenian-pm-russian-companies-play-core-role-in-many-sectors-of-armenias-economy/

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