RUSSIA TO DOUBLE INVESTMENT IN ARMENIA
Azeri Press Agency, Azerbaijan
Sept 25 2007
Russian acting Prime Minister Viktor Zubkov held international talks
for the first time at this post on Tuesday. He met with his Armenian
counterpart Serzh Sarkisyan at the Russian House of Government.
The Armenian premier was accompanied by "a representative delegation
with a great number of concrete questions, which we will solve,
and I am sure, we will solve them," Zubkov emphasized.
These questions are the construction of a joint oil refinery, a huge
stock of construction materials and goods, which Armenia possesses.
"The enormous market, which will be in Sochi, uranium reserves, which
should be developed, produced and processed open up possibilities
for a steep rise of the trade," he believes. "A good boost in trade
relations is possible," Zubkov said with confidence.
Russia’s investment in Armenia is estimated at $800m, Russian Prime
Minister Viktor Zubkov told a press conference after negotiations with
his Armenian counterpart Serge Sarkisian today. According to Zubkov,
both parties entertain hopes of doubling that amount in near future by
implementing joint projects in various sectors, including energy.