ECONOMIC RUSSIA-ARMENIA FORUM GETS UNDERWAY IN YEREVAN

Aysor
Oct 29 2009
Armenia

The Economic Russia-Armenia Forum launched today in Yerevan holding
the Second Industrial Exhibition EXPO-RUSSIA ARMENIA 2009.

The participants of SIEE, which is organized by ZARUBEZH-EXPO
Company and Armenian Development Agency, are about 70 Russian and
joint Armenian-Russian companies in fields of industry, research,
energy, pharmaceutical sector, banking services, high technology,
food, space navigation, legal assistance, etc.

The opening ceremony was attended by Armenia’s President, Serzh
Sargsyan, Russian Ambassador to Armenia, Vyacheslav Kovalenko, deputy
director of Russia’s agency Rossotrudnichestvo, Igor Morozov, and SIEE
Organizing Committee co-chairman and president of Multi Group concern,
Gagik Tsarukyan.

The exhibition has the main objective to develop business relations
between Armenia and Russia. The SIEE will also hold Armenia-Russia
Business Forum and meetings between Armenian and Russian manufacturers.

According to latest statistics trade covers between Armenia and Russia
over 2008 stood by $1 059.347 billion, of which export by $208 174.9
million and import by $851 172.5 million. Foreign injections in direct
investments in 2008-2009 amounted to about billion dollars USA. And
finally there are about thousand companies in Armenia acting with
Russia’s capital.

From: Emil Lazarian | Ararat NewsPress