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ARMENIAN EXPORTS MAY IMPROVE AS RUBLE STABILIZES AND PRICES ARE LIBERALIZED IN RUSSIA - UMBA
YEREVAN, March 31. /ARKA/. The stabilizing of ruble and price
liberalization in Russia may help improve the situation with exports in
Armenia, head of the Union of Manufacturers and Businessmen (Employers)
of Armenia (UMBA) Arsen Ghazaryan said.
The stabilizing ruble and the price liberalization inspires hope
that the partner companies selling Armenian products in the Russian
Federation will have a chance of signing stable long-term contracts,
he told reporters in Monday.
According to Ghazaryan, Armenian exports experience problems due to
depreciated ruble and reduced paying capacity of the market. This is
the main reason for the major reduction in exports to Russia and CIS
countries in January and February, he said.
Armenia's foreign trade turnover with Russia amounted to $73.4 million
in January this year, a reduction of 31% against January the year
before. Armenian exports to Russia were about $168,900 in January
2015, as compared to $16.5 million in January 2014. Russian imports
to Armenia were $73.2 in the period (18.5% decline). -0--
http://arka.am/en/news/economy/armenian_exports_may_improve_as_ruble_stabilizes_a nd_prices_are_liberalized_in_russia_umba/#sthash.e8CrYALX.dpuf
YEREVAN, March 31. /ARKA/. The stabilizing of ruble and price
liberalization in Russia may help improve the situation with exports in
Armenia, head of the Union of Manufacturers and Businessmen (Employers)
of Armenia (UMBA) Arsen Ghazaryan said.
The stabilizing ruble and the price liberalization inspires hope
that the partner companies selling Armenian products in the Russian
Federation will have a chance of signing stable long-term contracts,
he told reporters in Monday.
According to Ghazaryan, Armenian exports experience problems due to
depreciated ruble and reduced paying capacity of the market. This is
the main reason for the major reduction in exports to Russia and CIS
countries in January and February, he said.
Armenia's foreign trade turnover with Russia amounted to $73.4 million
in January this year, a reduction of 31% against January the year
before. Armenian exports to Russia were about $168,900 in January
2015, as compared to $16.5 million in January 2014. Russian imports
to Armenia were $73.2 in the period (18.5% decline). -0--
http://arka.am/en/news/economy/armenian_exports_may_improve_as_ruble_stabilizes_a nd_prices_are_liberalized_in_russia_umba/#sthash.e8CrYALX.dpuf