Russian investments into Armenia’s economy reached 1.8 billion dollars
16.05.2009 18:12 GMT+04:00

/PanARMENIAN.Net/ `Russia is the main investor into Armenia’s
economy. Russian investment into Armenia’ s economy reached USD 1.8
billion and some 1000 companies work with Russian capital,’ said the
Russian prime minister Sergey Ivanov a press conference and added that
nearly all Russian companies have business in Armenia.
`It is easier to find some big Russian company, which invest into
Armenian economy, than vice versa,’ said the prime
minister. Mr. Ivanov said, that Russian Railways intend to invest 2.7
billion rubles to South CDaucasus Railways.
CJSC «South Caucasus Railway» is a subsidiary of OJSC « Russian
Railway». According to Ñîãëàñíî concession, signed on February 13 last
year «Armenian Railway» transferred to concession management of «South
Caucasus Railway» for a 30 year period with permission to prolongate
the term for another 10 years. South Caucasus Railway pledged to make
investments into infrastructure.