ARMENIAN, RUSSIAN COMPANIES INK NEW AGREEMENTS
ARMENPRESS
September 14
YEREVAN, SEPTEMBER 14, ARMENPRESS: Russia’s transport minister Igor
Levitin said today in Yerevan that Russian-Armenian trade grows
annually 70 percent and Russian investments in Armenia will reach
$500 million by the end of this year.
Igor Levitin is the Russian cochairman of the bilateral
inter-governmental commission on economic cooperation. He was heading
a Russian delegation that came here for a recurrent meeting of the
commission.
The Russian minister said his country’s relations with Armenia are
based on partnership, "which is backed up, particularly, by friendly
relations between top officials on both sides."
"Russian business trusts Armenian authorities and this amount of
investments is not the limit," he said, adding that by next meeting
of the commission the volume of Russian investments in Armenia
will increase drastically as Russia plans a set of big investments
projects here.
The Armenian cochairman of the commission, prime minister Serzh
Sarkisian, attributed the growth in Russian investments to ‘a regular
dialogue between Russian and Armenian presidents."
Before to wrap up the session Serzh Sarkisian and Igor Levitin signed a
plan of long-term actions designed to boost bilateral cooperation. The
next session will be held in 2008 September in Moscow.
Also Mikhail Baghdasarov, the owner of Armenia’s biggest Armavia
carrier and Mikhail Poghosian, director of Russian Sukhoi Civil
Aircrafts company, signed an agreement whereby the Russian company
will sell five Sukhoi Superjet 100 aircrafts to Armenia.
Armavia also signed another agreement with Russian VTB bank to get
a credit for buying the aircrafts. A Sukhoi Superjet 100 aircraft
costs $50-$60 million.