RUSSIA AND ARMENIA SEE HIGHER TRADE
RosBusinessConsulting
Jan 9 2008
Russia
RBC, 09.01.2008, Yerevan 13:45:32.Trade between Russia and Armenia
surged 65 percent in 2007, the ARKA news agency reported today, citing
Armenian Foreign Ministry’s press and information department. According
to the statement, Russia is among the republic’s largest trade and
economic partners. Russia’s investment in Armenia grew more than
fivefold in the first nine months of 2007 compared to the same period
a year earlier.
Armenia’s trade with Russia stood at $632.1m in January-November 2007,
having climbed 68.2 percent from the same months in 2006, according
to the republic’s National Statistics Service. Russia’s imports from
Armenia amounted to $183.6m (74-percent increase), while the republic’s
exports from Russia reached $448.5m (up 65.9 percent).