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BAKU: Russia to invest over half billion dollars to Armenia economy

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  • BAKU: Russia to invest over half billion dollars to Armenia economy

    Azeri Press Agency, Azerbaijan
    Aug 23 2007


    Russia to invest over half billion dollars to Armenian economy

    [ 23 Aug 2007 15:30 ]

    Russian President Vladimir Putin and Armenian President Robert
    Kocharyan today had meeting, APA reports quoting RIA Novosti agency.
    The sides discussed huge projects to be implemented with the
    participation of Russia in Armenia.

    Kremlin source stated that bilateral cooperation in energy with the
    participation of Gasprom occupies special place among these projects.
    Over $500 million will be invested in Armenian economy in the
    framework of this project. Involvement of Russian capital into the
    development of Razdan Thermal Power Station, construction of refinery
    near Mehri city, modernization of Armenia's railways and other
    transport infrastructures, atomic energy, gold production and other
    fields are on focus.
    Putin and Kocharyan also touched on several international problems
    and the situation in the Caucasus. /APA/
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