Amount Of Russian Investments In Armenian Economy Grows

AMOUNT OF RUSSIAN INVESTMENTS IN ARMENIAN ECONOMY GROWS

PanARMENIAN.Net
29.01.2008 18:09 GMT+04:00

/PanARMENIAN.Net/ Armenian Prime Minister Serzh Sargsyan received
the delegation led by RF State Duma Speaker Boris Gryzlov.

First, the Prime Minister congratulated Mr Gryzlov on the successful
completion of Russia’s parliamentary elections of last December and
wished the State Duma successful activity under the chairmanship of
Mr. Gryzlov.

Concerning the development of the Russian-Armenian partnership,
Serzh Sargsyan stated that bilateral relations are on the upgrade
currently, a significant growth is recorded in Russian investments
into Armenia’s economy. Bilateral trade increased by about 60% in
2007. According to Serzh Sargsyan, our countries are cooperating
actively on both governmental and parliamentary levels. Over 170
interstate, intergovernmental and interagency arrangements and
agreements have been concluded between the Republic of Armenia and
the Russian Federation over the past 15 years covering all spheres
of mutually beneficial cooperation between the two countries. Both
sides have emphasized the importance of the frequently reciprocated
contacts at various levels.

Boris Gryzlov stressed this was his first trip abroad after the
parliamentary elections of Russia, which bore evidence of his country’s
keen interest in developing the cooperation with Armenia. He said to
have maintained partnership ties with Serzh Sargsyan for many years now
and wished him every success in the upcoming presidential election. In
this context, the interlocutors have stressed that the need of holding
free and fair elections in accordance with the international standards.

The parties have also discussed questions relating to the furtherance
of bilateral cooperation in the economic, transport and other
fields. Prime Minister Serzh Sargsyan briefed the guest on Armenia’s
current economic status and the development plans.

The parties have indicated the importance of inter-party
relationship. The head of Russia’s State Duma prioritized the
establishment of cooperative ties between his Yedinaya Rossiya (United
Russia) on the one hand, and the Republican Party of Armenia and the
Prosperous Armenia Party, on the other hand, which form a majority
in the National Assembly of Armenia.

Relevant arrangements are due to be signed between these parties to
that effect, the RA government’s press office reported.