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Russian investments into Armenia's economy reached $1.8 billion

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  • Russian investments into Armenia's economy reached $1.8 billion

    Russian investments into Armenia's economy reached 1.8 billion dollars
    16.05.2009 18:12 GMT+04:00

    /PanARMENIAN.Net/ `Russia is the main investor into Armenia's
    economy. Russian investment into Armenia' s economy reached USD 1.8
    billion and some 1000 companies work with Russian capital,' said the
    Russian prime minister Sergey Ivanov a press conference and added that
    nearly all Russian companies have business in Armenia.
    `It is easier to find some big Russian company, which invest into
    Armenian economy, than vice versa,' said the prime
    minister. Mr. Ivanov said, that Russian Railways intend to invest 2.7
    billion rubles to South CDaucasus Railways.
    CJSC «South Caucasus Railway» is a subsidiary of OJSC « Russian
    Railway». According to Ñîãëàñí&#xEE ; concession, signed on February 13 last
    year «Armenian Railway» transferred to concession management of «South
    Caucasus Railway» for a 30 year period with permission to prolongate
    the term for another 10 years. South Caucasus Railway pledged to make
    investments into infrastructure.
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