LEVITIN: RUSSIAN INVESTMENTS IN RA TO TOTAL $0,5 BILLION THIS YEAR

PanARMENIAN.Net
14.09.2007 13:24 GMT+04:00

/PanARMENIAN.Net/ This year Russian investments in Armenia will amount
to $0,5 billion, Co-chair of the Russian-Armenian intergovernmental
committee on economic cooperation Igor Levitin said.

"Armenia and Russia enjoy partner relations. We can partly ascribe
the effect to the friendly relations between the leadership of
our states. Businessmen believed the authorities and the amount of
investments mentioned above is not the limit. With implementation of
several major projects, the figure will increase," Mr Levitin said.

For his part, Armenian Prime Minister Serge Sargsyan said the recent
boost in economic cooperation is also explained by regular dialogue
between the Presidents.

"Russian investments will increase. Today we will sign an agreement
on introducing a Russian company into the Armenian market," he said,
IA Regnum reports.

Upon completion of the sitting Serge Sargsyan and Igor Levitin ratified
the plans for long-term measures for strengthening the Armenian-Russian
cooperation and signed the protocol of the 9th sitting of the
committee. The 10th sitting is scheduled for September 2008 in Russia.