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Amount Of Russian Investments In Armenian Economy Grows

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  • Amount Of Russian Investments In Armenian Economy Grows

    AMOUNT OF RUSSIAN INVESTMENTS IN ARMENIAN ECONOMY GROWS

    PanARMENIAN.Net
    29.01.2008 18:09 GMT+04:00

    /PanARMENIAN.Net/ Armenian Prime Minister Serzh Sargsyan received
    the delegation led by RF State Duma Speaker Boris Gryzlov.

    First, the Prime Minister congratulated Mr Gryzlov on the successful
    completion of Russia's parliamentary elections of last December and
    wished the State Duma successful activity under the chairmanship of
    Mr. Gryzlov.

    Concerning the development of the Russian-Armenian partnership,
    Serzh Sargsyan stated that bilateral relations are on the upgrade
    currently, a significant growth is recorded in Russian investments
    into Armenia's economy. Bilateral trade increased by about 60% in
    2007. According to Serzh Sargsyan, our countries are cooperating
    actively on both governmental and parliamentary levels. Over 170
    interstate, intergovernmental and interagency arrangements and
    agreements have been concluded between the Republic of Armenia and
    the Russian Federation over the past 15 years covering all spheres
    of mutually beneficial cooperation between the two countries. Both
    sides have emphasized the importance of the frequently reciprocated
    contacts at various levels.

    Boris Gryzlov stressed this was his first trip abroad after the
    parliamentary elections of Russia, which bore evidence of his country's
    keen interest in developing the cooperation with Armenia. He said to
    have maintained partnership ties with Serzh Sargsyan for many years now
    and wished him every success in the upcoming presidential election. In
    this context, the interlocutors have stressed that the need of holding
    free and fair elections in accordance with the international standards.

    The parties have also discussed questions relating to the furtherance
    of bilateral cooperation in the economic, transport and other
    fields. Prime Minister Serzh Sargsyan briefed the guest on Armenia's
    current economic status and the development plans.

    The parties have indicated the importance of inter-party
    relationship. The head of Russia's State Duma prioritized the
    establishment of cooperative ties between his Yedinaya Rossiya (United
    Russia) on the one hand, and the Republican Party of Armenia and the
    Prosperous Armenia Party, on the other hand, which form a majority
    in the National Assembly of Armenia.

    Relevant arrangements are due to be signed between these parties to
    that effect, the RA government's press office reported.
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