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Putin: Russia On Shameful Third Place On Investment Into Armenian Ec

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  • Putin: Russia On Shameful Third Place On Investment Into Armenian Ec

    PUTIN: RUSSIA ON SHAMEFUL THIRD PLACE ON INVESTMENT INTO ARMENIAN ECONOMY

    PanARMENIAN.Net
    30.10.2006 18:23 GMT+04:00

    /PanARMENIAN.Net/ Russian President Vladimir Putin started the meeting
    with his Armenian counterpart Robert Kocharian. Putin expects that
    investments of Russian companies to the economy of Armenia will
    increase. He stated it, when opening the meeting.

    "Russia is on shameful third place on investment into Armenian
    economy," the Russian leader said. "I say shameful, as it is strange
    that Russia is not the first on investment into the economy of its
    strategic partner," he explained. "However, trade increases and within
    8 months it made 60%," Putin added.

    In his turn Robert Kocharian reported that all arrangements between
    Yerevan and Gazprom are being implemented. "All serious agreements
    on energy projects are entering the phase of implementation," he
    said. He noted Russia's record of being the third on capital investment
    volume should be changed. "I do not doubt it will change next year
    considerably," Kocharian said. He also reported that the practical
    implementation of a project of ArmenAl - one of the largest enterprises
    in the region - was launched a few days ago, reports ITAR-TASS.
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