Tweet
Russian Financial Control Monitor(RFCM): Business News (English)
December 23, 2010 Thursday 12:28 PM GMT +3
Armenia to set up free trade zone for developing Russian business
ST PETERSBURG. Armenia intends to create a free trade zone that will
become a basis for development of Russian business, Prime Minister
Tigran Sargsyan said at a meeting with his Russian counterpart,
Vladimir Putin.
Creating attractive conditions for Russian business is one of the
Armenian government's priorities, Sargsyan said, expressing hope that
a new impetus will be given to Russian-Armenian relations next year.
The free trade zone comprising an industrial park and an innovations
fund is to be set up on the premises of the Mars plant in Yerevan,
capital of Armenia. The relevant bill has been prepared and will be
considered in Armenian parliament in 1q11.
Russia-Armenia trade, which dropped by approximately 20% during the
economic downturn, has resumed growth and increased 16% in
January-September, Putin said.
From: A. Papazian
December 23, 2010 Thursday 12:28 PM GMT +3
Armenia to set up free trade zone for developing Russian business
ST PETERSBURG. Armenia intends to create a free trade zone that will
become a basis for development of Russian business, Prime Minister
Tigran Sargsyan said at a meeting with his Russian counterpart,
Vladimir Putin.
Creating attractive conditions for Russian business is one of the
Armenian government's priorities, Sargsyan said, expressing hope that
a new impetus will be given to Russian-Armenian relations next year.
The free trade zone comprising an industrial park and an innovations
fund is to be set up on the premises of the Mars plant in Yerevan,
capital of Armenia. The relevant bill has been prepared and will be
considered in Armenian parliament in 1q11.
Russia-Armenia trade, which dropped by approximately 20% during the
economic downturn, has resumed growth and increased 16% in
January-September, Putin said.
From: A. Papazian