Russian Companies Interested In Armenian Economy

RUSSIAN COMPANIES INTERESTED IN ARMENIAN ECONOMY

PanARMENIAN.Net
10.09.2007 15:13 GMT+04:00

/PanARMENIAN.Net/ "Armenia and Russia lived side by side at all
times. The treaty on friendship and cooperation concluded between
Armenia and Russia 10 years ago has become a logical continuation
of our centuries-old relations which cover all spheres," Armenian
Ambassador to Russia Armens Smbatian said.

"Presently, 800 joint ventures function in Armenia.

Major companies like Russian Aluminum, RAO UES of Russia, Gazprom,
VympelTelecom, VTB, Federal Atomic Energy Agency have entered Armenia,"
he noted.

"Formerly, Russian businessmen used to say, "We should help
Armenia." Now the leading Russian companies are interested in Armenian
economy. They are encouraged by the liberal tax system and internal
stability," the diplomat said.

He also reminded that several Armenian enterprises were transferred
to Russia against the state debt.

"These enterprises do not function properly. However, we discussed the
issue with the Russian leadership and concluded that the enterprises
should find private investors. The agreement between Gazprom and
Armrosgazprom on restoration of the 5th power-generating unit can
serve as an example," Armen Smbatian said in an interview with
Nezavisimaya Gazeta.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS