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Yerevan and Moscow satisfied with economic cooperation

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  • Yerevan and Moscow satisfied with economic cooperation

    Yerevan and Moscow satisfied with economic cooperation

    PanARMENIAN.Net
    24.01.2007 18:56 GMT+04:00

    /PanARMENIAN.Net/ Russia and Armenia are satisfied with the development
    of the trade and economic cooperation and implementation of agreements,
    Russian President Vladimir Putin told a news conference upon completion
    of talks with Armenian leader Robert Kocharian. "On the whole we
    are satisfied with the dynamics of sustainable growth of commodity
    turnover during the recent years. In 2005 it grew with 40%, during
    11 months of 2006 with 70% that made $440 million," said Putin adding
    that 'the resulting index during last year may reach half billion. The
    Russian President also said that energy remains the pulling force of
    the economic cooperation between the two states.

    Putin also marked out progress in development of industrial
    cooperation. In his words, 'with the efforts of three Russian
    companies - Gazprom, RUSAL and VympelCom - the amount of investment
    in the Armenian economy will be considerably increased in the near
    future. "Rosatom, the Russian Railways and their Armenian counterparts
    have submitted good projects," he said, reports ITAR-TASS.
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