PROGRAM OF COOPERATION BETWEEN EXECUTIVE POWER BODIES OF ARMENIA AND
RUSSIA FOR 2005-2007 SIGNED

YEREVAN, DECEMBER 3. ARMINFO. A program of cooperation between the
executive power bodies of Armenian and Russian capitals for 2005-2007
was signed in Yerevan, Friday. The document was signed by Yerevan
Mayor Yervand Zakharyan and his Moscow counterpart Yuri Luzhkov.

The program embraces the broadest spectrum of cooperation between the
capital in the sphere of architecture, town planning, trade, education
and culture. The program is a result of careful work for the last few
years, Yervand Zakharyan tells journalists after the signing
ceremony. He adds that it is another step towards strengthening of the
friendship of the two peoples. At present, a Moscow Investment Company
successfully operates in Yerevan. Besides, we have agreed to found a
House of Moscow in Yerevan and Armenian Whole-sale Trading Center in
Moscow, Yerevan Mayor says.

We cannot mention even a small part of what the document provides for
as the time is limited. Moscow has established close business and
cultural contracts with many capitals in the world and the new program
signed between Moscow and Yerevan is further expansion of our
countries’ relations, Yuri Luzhkov says. He attached a greaty
importance to the Armenian Whole-sale Trading Center’s construction in
Moscow, which will be completed within the shortest terms. Moscow
Municipality will render assistance to the Russian-Armenian (Slavonic)
University. Armenian students and pupils will receive a great number
of text-books on the Russian language and other literature. Exchange
of students will continue and more possibilities will be created for
retraining of teachers in Moscow, Yuri Luzhkov says.

It should be noted that the program will cost over 100 mln USD. At
least, establishment of the Armenian Whole-sale Trading Center in
Moscow will require 60 mln USD. Moscow Mayor is of the opinion that
the bilateral cooperation is very prospective and he is sure that the
commodity turnover between the two cities will increase 5 times by his
next visit to Yerevan.