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Kazakh Investments In Armenia Amount To About $35 Million

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  • Kazakh Investments In Armenia Amount To About $35 Million

    KAZAKH INVESTMENTS IN ARMENIA AMOUNT TO ABOUT $35 MILLION
    By Ara Martirosian

    AZG Armenian Daily
    30/08/2007

    "Kazakh investments in Armenia amount to about $35 million,"
    Yerlan Koubashev, representative of Kazakhstan in Armenia, said
    this in the course of the press conference, yesterday. He stated
    that only one big Kazakh investor operates in Armenia, namely, "BTA
    Investbank. It's worth mentioning that the grater part of its shares
    belongs to the Kazakhstan based "Bank Turan Alem" company. According
    to the ambassador, there are several construction companies from
    Kazakhstan working in Armenia. He also emphasized that there are
    serious prospects of economic cooperation and various bilateral
    relations between Armenia and Kazakhstan.
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