RUSSIAN INVESTMENTS TO REACH $5BN IN 2-3 YEARS
news.am
Jan 20 2010
Armenia
Today, Russian trade representative in Armenia Alexander Zaytsev
presented 2009 bilateral economic relations’ results and prospects
for 2010. On the whole he underlined that trade turnover between the
countries reduced due as a result of global crisis.
Nevertheless, Zaytsev outlined stable activities of local companies
with Russian capital. "Not a single company decayed. Russian
investments are fully preserved, as economic crisis did not impact
them anyhow," he pointed out. Zaytsev also hailed positive Russia’s
$500m credit allocated to Armenia, as well as work of Armenian-Russian
intergovernmental commission, stating that all aspects of bilateral
trade-economic relations were discussed at the recent session.
Zaytsev also informed that this year electro-technical production in
"Mars" factory jointly with Greek Intercom-telecom Company launches.
"No large projects are expected in 2010, positive trends should be
preserved. To date, volume of Russian investments totals over $2.5bn,
and will reach $5bn in 2-3 years," trade representative concluded.
From: Emil Lazarian | Ararat NewsPress
