IGOR LEVITIN: AMOUNT OF RUSSIAN INVESTMENTS IN ARMENIA TO
REACH HALF A BILLION DOLLARS THIS YEAR
14-09-2007 20:00:00 | Armenia | Economy
YEREVAN, SEPTEMBER 14, NOYAN TAPAN. The 9th sitting of the
Armenian-Russian intergovernmental commission on economic
cooperation took place in Yerevan on September 14. After the
sitting, the co-chairman of the commission, Russian minister of
transport Igor Levitin said that the commodity turnover between
the two countries is increasing year by year. A considerable
growth in investments has been registered as well: this year the
amount of Russian investments will reach half a billion dollars.
According to Igor Levitin, the main problem in
Armenian-Russian economic cooperation is transport
communication, even though some steps have already been taken in
this direction: a ferry link was put into operation, although it
does not yet function regularly. In order to solve this problem,
cargo transportation should be increased by both sides, the RF
transport minister noted.
The Armenian co-chairman of the commission, prime minister
of Armenia Serge Sargsian said that by the results of the 9th
sitting of the commission, an agreement will be signed to enable
one of the big Russian companies to operate in Armenia. He noted
that larger deals will be concluded at the 10th sitting of the
commission to be held in Russia.
In the words of Serge Sargsian, despite the change in the
Russian government, his official visit to Moscow remains in
force. Attaching importance to this visit, the prime minister
said that it will allow to establish personal links with
Russia's new prime minister and government members.