Azeri Press Agency, Azerbaijan
Aug 23 2007

Russia to invest over half billion dollars to Armenian economy

[ 23 Aug 2007 15:30 ]

Russian President Vladimir Putin and Armenian President Robert
Kocharyan today had meeting, APA reports quoting RIA Novosti agency.
The sides discussed huge projects to be implemented with the
participation of Russia in Armenia.

Kremlin source stated that bilateral cooperation in energy with the
participation of Gasprom occupies special place among these projects.
Over $500 million will be invested in Armenian economy in the
framework of this project. Involvement of Russian capital into the
development of Razdan Thermal Power Station, construction of refinery
near Mehri city, modernization of Armenia’s railways and other
transport infrastructures, atomic energy, gold production and other
fields are on focus.
Putin and Kocharyan also touched on several international problems
and the situation in the Caucasus. /APA/