ARMENIA-RUSSIA TURNOVER REACHES $707 MILLION
Aysor
Jan 20 2010
Armenia
Russia’s trade representative in Armenia, Alexander Zaitsev,
has presented today some details from reports by Russia’s Center
for Statistics. According to the report, 2009’s eleven months’
Armenia-Russia turnover was $643 million, of this Russian export was
$544 million, and import was $99 million.
In 2009 Armenia-Russia turnover decreased by 20% in comparison with
2008, reaching $707 million. Russian export registers 14% decline,
while Armenian export registers 50% decline, mainly, in exporting
brandy.
Alexander Zaitsev said Russian investments in Armenia in 2009 decreased
by 35%, amounting nearly $300million. At the current moment the total
investments registers $2,5 billion. Keeping in view that a new nuclear
plant will be built in Armenia, it’s expected the investments will
increase to $5 billion.
He also pointed that private transfers from Russia decreased to
$900,000.
According to his forecasting, by 2011-2012 Armenia and Russia will
reach the level of previous years’ turnover.