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Russia And Armenia Announce Higher Trade

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  • Russia And Armenia Announce Higher Trade

    RUSSIA AND ARMENIA ANNOUNCE HIGHER TRADE

    RosBusinessConsulting
    RBC
    14.09.2007, Moscow 14:07:04.
    Russia

    Trade between Russia and Armenia surged by 68 percent to $336.17m
    in the first six months of 2007 compared to the same period a year
    earlier, the press office of the Russian Transportation Ministry
    reported today.

    This figure was announced in Yerevan at the ninth meeting of the
    intergovernmental commission on economic cooperation. Russia's
    investment in Armenia's economy went up by a factor of 3.5 to $32.6m
    in the first quarter of 2007 compared to January-June 2006.

    The two countries have agreed that the Russian IT and Communications
    Ministry and Armenia's Transportation and Communication Ministry
    would sign an agreement on cooperation in the IT, mail service,
    and telecommunication sectors.
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