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  • Russia And Armenia See Higher Trade

    RUSSIA AND ARMENIA SEE HIGHER TRADE

    RosBusinessConsulting
    Jan 9 2008
    Russia

    RBC, 09.01.2008, Yerevan 13:45:32.Trade between Russia and Armenia
    surged 65 percent in 2007, the ARKA news agency reported today, citing
    Armenian Foreign Ministry's press and information department. According
    to the statement, Russia is among the republic's largest trade and
    economic partners. Russia's investment in Armenia grew more than
    fivefold in the first nine months of 2007 compared to the same period
    a year earlier.

    Armenia's trade with Russia stood at $632.1m in January-November 2007,
    having climbed 68.2 percent from the same months in 2006, according
    to the republic's National Statistics Service. Russia's imports from
    Armenia amounted to $183.6m (74-percent increase), while the republic's
    exports from Russia reached $448.5m (up 65.9 percent).
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