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Russian Companies Interested In Armenian Economy

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  • Russian Companies Interested In Armenian Economy

    RUSSIAN COMPANIES INTERESTED IN ARMENIAN ECONOMY

    PanARMENIAN.Net
    10.09.2007 15:13 GMT+04:00

    /PanARMENIAN.Net/ "Armenia and Russia lived side by side at all
    times. The treaty on friendship and cooperation concluded between
    Armenia and Russia 10 years ago has become a logical continuation
    of our centuries-old relations which cover all spheres," Armenian
    Ambassador to Russia Armens Smbatian said.

    "Presently, 800 joint ventures function in Armenia.

    Major companies like Russian Aluminum, RAO UES of Russia, Gazprom,
    VympelTelecom, VTB, Federal Atomic Energy Agency have entered Armenia,"
    he noted.

    "Formerly, Russian businessmen used to say, "We should help
    Armenia." Now the leading Russian companies are interested in Armenian
    economy. They are encouraged by the liberal tax system and internal
    stability," the diplomat said.

    He also reminded that several Armenian enterprises were transferred
    to Russia against the state debt.

    "These enterprises do not function properly. However, we discussed the
    issue with the Russian leadership and concluded that the enterprises
    should find private investors. The agreement between Gazprom and
    Armrosgazprom on restoration of the 5th power-generating unit can
    serve as an example," Armen Smbatian said in an interview with
    Nezavisimaya Gazeta.

    From: Emil Lazarian | Ararat NewsPress
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