Yerevan and Moscow satisfied with economic cooperation

PanARMENIAN.Net
24.01.2007 18:56 GMT+04:00

/PanARMENIAN.Net/ Russia and Armenia are satisfied with the development
of the trade and economic cooperation and implementation of agreements,
Russian President Vladimir Putin told a news conference upon completion
of talks with Armenian leader Robert Kocharian. "On the whole we
are satisfied with the dynamics of sustainable growth of commodity
turnover during the recent years. In 2005 it grew with 40%, during
11 months of 2006 with 70% that made $440 million," said Putin adding
that ‘the resulting index during last year may reach half billion. The
Russian President also said that energy remains the pulling force of
the economic cooperation between the two states.

Putin also marked out progress in development of industrial
cooperation. In his words, ‘with the efforts of three Russian
companies – Gazprom, RUSAL and VympelCom – the amount of investment
in the Armenian economy will be considerably increased in the near
future. "Rosatom, the Russian Railways and their Armenian counterparts
have submitted good projects," he said, reports ITAR-TASS.