New Europe, Belgium
Sept 1 2007

Russian-Armenian trade soars 70% in H1

ARMENIA
1 September 2007 – Issue : 745

Russian President Vladimir Putin and Armenian President Robert
Kocharian noted the positive dynamics in trade and economic relations
between the two countries, in particular in investment cooperation,
at a meeting in Sochi, Russian presidential aide Sergei Prikhodko
told Interfax.
The parties "hailed the high volume of trade and strong economic
cooperation between Russia and Armenia. Bilateral trade turnover grew
70 percent in the first six months of the year," Prikhodko said.
"Kocharian hailed the ever-growing interest of Russian businesses in
investing in his country," the presidential aide said. "The high
growth rates of the Russian and Armenian economies make investment
projects more attractive," he added. "Energy and the development of
transport networks are being actively discussed as well," Prikhodko
said.