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Russia-Armenia: Fine prospects for economic ties, says Kocharyan

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  • Russia-Armenia: Fine prospects for economic ties, says Kocharyan

    RUSSIA-ARMENIA: FINE PROSPECTS FOR ECONOMIC TIES, SAYS PRESIDENT KOCHARYAN

    RIA Novosti, Russia
    May 14 2004

    MOSCOW, May 14 (RIA Novosti) - President Robert Kocharyan of Armenia
    is in Moscow on visit. Today, he held conference with the organising
    committee of a nascent Russian-Armenian Business Partnership
    Association.

    Bilateral economic contacts have excellent opportunities, far exceeding
    their present scope, which is impressive, too-suffice it to mention
    close on 600 joint ventures and Armenian-based companies with Russian
    participation, most of them prosperous, said the President.

    Russian-Armenian economic partnership is making good progress,
    especially in iron-and-steel and non-ferrous metal industries,
    construction and banking. Chemical industrial contacts are very
    promising, he added.

    Mr. Kocharyan consented to become honoured association president. "If
    this is to be my initial contribution, I say yes," he replied to a
    request by Nikolai Ryzhkov, organising committee chief and member of
    the Federation Council, Russia's upper parliamentary house.

    The association is a fruitful idea, and President Kocharyan is
    surprised just why no one has come on the idea before, what with both
    countries' ample attention to their economic links. Armenia will do
    all it can to get the association going, he pledged.

    Expected to be established next month, the association had its
    organising committee maiden session in Moscow, April. It will promote
    bilateral social, economic, research and technological contacts,
    beneficial to either country. It has a solid tentative corporate
    membership-more than a hundred Russian-based companies and seventy
    Armenian have applied to join in for today.

    A bilateral parliamentary commission for Russo-Armenian partnership,
    which Senator Ryzhkov co-chairs for Russia, is having its nearest
    session in Yerevan, June 2-3, he announced. The agenda is already
    determined, and will concern economic contacts.

    The commission has 22 members on either side. Representing Russia
    are ten Senators and twelve members of the State Duma lower house.

    From: Emil Lazarian | Ararat NewsPress
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