IN ORDER TO DEVELOP RUSSIAN-ARMENIAN ECONOMIC RELATIONS, CURRENT CONTRADICTIONS BETWEEN LEGISLATIONS OF TWO COUNTRIES NEED TO BE REMOVED, RUSSIAN-ARMENIAN BUSINESSMAN SAYS
Noyan Tapan
Jan 22, 2008
YEREVAN, JANUARY 22, NOYAN TAPAN. In order to develop Russian-Armenian
economic relations, it is necessary to remove the current
contradictions between the legislations of the two countries and to
reduce corruption in Armenia, Murad Muradian, the chairman of the
board of directors of BAMO Russia-based group of companies, said
during a talk with NT correspondent.
According to him, the development of these realtions proceeds from
interests of Armenians living in Armenia and Russia. Considerable
investments have been made in Armenia both by Russian-Armenian
businessmen and big Russian companies in recent years.
BAMO plans to finish repairs of K. Demirchian Sport and Concert Complex
(its property) by the autumn of this year, even though in accordance
with BAMO’s obligations to the Armenian government, repair work has
to be completed by the end of 2008. Repair work is being done more
quickly so that events can be held at the complex in the autumn. 20
million dollars has already been spent on repairs of the complex,
while the total amount of investments will make 30 million dollars.
M. Muradian said that BAMO plans to carry out mining work near
Kajaran, the geological exploration of copper and molybdenum mines is
underway, for which BAMO has received the respective licences from
the state. M. Muradian also intends to implement other investment
projects in Armenia.
In the words of Vardges Artsruni, director general of Interstroy
Developments concern operating in the construction sector, there
are great prospects for development of Armenian-Russian economic
relations, and they should be promoted to a much higher level than
today. He pointed out that Armenia has always been notable for its
high-tech industry, and foreign, first of all Russian, capital should
be attracted for its further development.
V. Artsruni expressed an opinion that the major problem in development
of economic links between Armenia and Russia is improvement of
transport communication. "Armenia should run the transport blockade
and normalize its communication with Russia," he said, adding:
"Russia should certainly assist its strategical partner in this issue".
Althogh V. Artsruni has not yet made investments in Armenia, being
a member of "Revival of Shoushi" Fund, he has such an intention. By
the way, he organized the construction of the new Mother Church of
the Russian diocese of the Armenian Apostolic Church in Moscow.
From: Emil Lazarian | Ararat NewsPress
