RUSSIAN, ARMENIAN PREMIERS TO DISCUSS ECONOMIC INTERACTION

ITAR-TASS
Feb 26 2009
Russia

MOSCOW, February 26 (Itar-Tass) – The Russian and Armenian Prime
Ministers, Vladimir Putin and Tigran Sarkisyan, will meet on Friday
to discuss the implementation of accords reached in the course of
Sarkisyan’s visit to Moscow on December 5, 2008, and exchange views on
a range of pressing issues of Russian-Armenian economic interaction,
including in the financial and fuel and energy fields, a government
source said on Thursday.

"Economic ties between Russia and Armenian are developing
dynamically. The two countries consistently implement large joint
investment projects in power generation, processing industry, banking,
construction and transport. They support the development of production
in the republic’s manufacturing sector, contribute to the improvement
of the social sphere and intensify the economic integration of the
two countries," he said.

"Russia is on top of the list of Armenia’s foreign trade partner,
it is its main trade contractor and foreign investor in the Armenian
economy," the government official underlined.

In 2008, two-way trade grew 9.5 percent to 900 million dollars.

The accumulated volume of Russian investments in Armenia’s national
economy exceeded 1.8 billion dollars.

Russian businesses have been operating effectively in the republic. The
largest Russian companies in Armenia are Gazprom, Inter RAO EUS,
Russian Railways, VTB bank, Russian Aluminum, Vympelkom and AFK
Sistema.

From: Emil Lazarian | Ararat NewsPress