RUSSIAN INVESTMENTS IN ARMENIA’S ECONOMY INCREASED FOURFOLD LAST YEAR
Gita Elibekyan
"Radiolur"
20.02.2009 17:00
Last year the Russian investments in Armenian economy increased
fourfold, Director General of the Armenian Development Agency Robert
Harutyunyan said during the roundtable discussion featuring the
delegation of the Russia’s Sverdlovsk region and Armenian businessmen.
Robert Harutyunyan informed that Russia alone invested $567 million
out of the total of $853 million in Armenian economy.
"The investments were mostly targeted at the spheres of energy, gas,
water supply and transport. Last year Armenia’s commodity turnover
reached 1.6 billion drams, registering a 24% raise as compared to 2007.
Robert Harutyunyan informed the Russian delegation that the Armenian
government has taken steps to soften the possible influence of the
global financial-economic crisis on the country’s economy.
As for the cooperation with Sverdlovsk region, it first of all,
develops in the field of agriculture. However, the sides agreed
that it’s necessary to solve the problem of transportation to ensure
further deepening of ties.
Participants of the roundtable decided to continue the discussions
within the framework of the "Bridge 2009" international economic
forum in Tsakhkadzor on 23 February.