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Russians Buy Everything They Need And They Don't Need

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  • Russians Buy Everything They Need And They Don't Need

    RUSSIANS BUY EVERYTHING THEY NEED AND THEY DON'T NEED

    Lragir, Armenia
    Nov 8 2006

    The Russian companies buy everything they can buy in the CIS, even if
    they do not need to buy, says Mikhail Baghdasarov, citizen of Russia
    running businesses in Armenia. He explains this tendency by the fact
    that the CIS space is closer to the Russians in cultural and social
    terms, and it is easier and more attractive to buy property in this
    territory. And they buy because Russia is the richest country in the
    CIS. Even despite the tensions with Georgia the Russian companies
    buy property there. Gagik Abrahamyan, who owns a diamond company,
    agrees with him. He says recently the Russian capital has especially
    been interested in Armenia.

    "Especially after the recent statement of the Russian president that
    Russia is the third by its investments in Armenia, I think soon we'll
    see how many companies will make investments in Armenia," says Gagik
    Abrahamyan. According to him, the Russian capital is mainly involved in
    building, but presently they are negotiating over Russian investments
    in diamond processing.

    "I think, in the upcoming meeting with the Russian prime minister, I
    think I will participate in it as well, we will discuss this with the
    Russian Alrosa Corporation," Gagik Abrahamyan says. He mentions that
    the circumstance of the Russian investments certainly has a political
    motivation, and the evidence to this is Putin's statement that it is
    a shame to be the third by the amount of investments in Armenia.
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