IRAN'S INVESTMENT IN ARMENIA HIT $980 MLN

Moj News Agency
April 27, 2009 Monday
Iran

Iran`s investment in Armenia reached $980 million, head of National
Security Council of Armenia said adding that increasing the Islamic
Republic`s investment in Armenia was one of the main subjects discussed
in the last meeting of the Council. Referring to Armenian President`s
recent visit to Iran, he said during Serzh Sargsian`s visit, 8
memoranda of understanding were signed between the two countries in
various fields including railways transportation, railways links,
hydroelectric power station, free trade, petroleum pipeline, energy
and banking.