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TBILISI: Russian FM expects investment growth in Armenia

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  • TBILISI: Russian FM expects investment growth in Armenia

    The Messenger, Georgia
    Dec 7 2007


    Russian FM expects investment growth in Armenia
    By M. Alkhazashvili

    (Translated by Diana Dundua)
    Friday, December 7

    Russian Foreign Minister Sergey Lavrov said he expects a growth in
    capital investment in Armenia after a meeting with Armenian Foreign
    Minister Vartan Oskanian on December 5.

    He also stated that current Russian investment in Armenia is USD 800
    million, according to the RIA Novosti news agency.

    Russia is Armenia's main trade partner and has invested heavily in
    its Caucasian neighbor over the past few years - in 2004 and 2005,
    Russian investment in Armenia was USD 100 million.
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