PRESIDENTS HAIL RUSSIA-ARMENIA TRADE AND ECONOMIC TIES.

Itar-Tass
23.08.2007, 19.22

SOCHI, August 23 (Itar-Tass) – The presidents of Russia and Armenia,
Vladimir Putin and Robert Kocharyan, hailed on Thursday progress in
the development of trade and economic relations and, in particular,
investment cooperation between the two countries, Putin’s aide Sergei
Prikhodko told Tass.

"The meeting assessed high amounts of trade and economic cooperation
between Russia and Armenia," he noted. "In the first six months
of this year trade between the two countries grew 70 percent,"
Prikhodko stressed.

"President Kocharyan highly appreciated a growing interest of the
Russian business in investing in his country," the Kremlin aide said.

"A high growth pace of the Russian economy and the economy of Armenia
make investment projects more attractive," he stressed.

"The energy sector and the development of the transport network are
also actively discussed," Prikhodko added.