Trade between Samara region, Armenia increases 14 times
By Lyudmila Yermakova
ITAR-TASS News Agency
May 14, 2004 Friday
SAMARA, May 14 — The trade turnover between the Samara region and
Armenia has increased 14 times for seven years, regional governor
Konstantin Titov cited the figure at the conference on interregional
Russian-Armenian cooperation on Friday.
He noted that “the CIS states are serious partners of the region, their
share in the export of the Samara region is stabilising and Armenia
holds one of the leading places in it.” The regional law on investments
that protects the deposits of businessmen promotes the capital inflow
in the region. The Samara region is a big supplier of oil, electricity,
aluminium, produce of machine-building and chemical industry.
The governor noted that the Samara region is traditionally
multinational, and the Armenian diaspora is one of the biggest there
that promotes the development of bilateral cooperation. “The state
support of multifaceted cooperation between Russian constituents
and the CIS states” is needed for the development of this tendency,
the governor pointed out.