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BAKU: Russia To Double Investment In Armenia

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  • BAKU: Russia To Double Investment In Armenia

    RUSSIA TO DOUBLE INVESTMENT IN ARMENIA

    Azeri Press Agency, Azerbaijan
    Sept 25 2007

    Russian acting Prime Minister Viktor Zubkov held international talks
    for the first time at this post on Tuesday. He met with his Armenian
    counterpart Serzh Sarkisyan at the Russian House of Government.

    The Armenian premier was accompanied by "a representative delegation
    with a great number of concrete questions, which we will solve,
    and I am sure, we will solve them," Zubkov emphasized.

    These questions are the construction of a joint oil refinery, a huge
    stock of construction materials and goods, which Armenia possesses.

    "The enormous market, which will be in Sochi, uranium reserves, which
    should be developed, produced and processed open up possibilities
    for a steep rise of the trade," he believes. "A good boost in trade
    relations is possible," Zubkov said with confidence.

    Russia's investment in Armenia is estimated at $800m, Russian Prime
    Minister Viktor Zubkov told a press conference after negotiations with
    his Armenian counterpart Serge Sarkisian today. According to Zubkov,
    both parties entertain hopes of doubling that amount in near future by
    implementing joint projects in various sectors, including energy.
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