RUSSIA TO DEVELOP BUSINESS WITH ARMENIA

Vestnik Kavkaza
Dec 19 2011
Russia

The Yerevan office of the Russian Federal Agency for the CIS,
Compatriots Living Abroad and International Humanitarian Cooperation
hosted the signing of a deal with the Center for International
Industrial Cooperation (UNIDO), News.am reports.

The sides want to activate and coordinate development of small
and medium-sized business within the framework of Russian-Armenian
interregional contacts. Special attention will be paid to creating
new jobs in light industry.

Russia and Armenia will have a mechanism of regular contacts and
industrial cooperation, development of subcontractual relations and
outsourcing and joint development of industrial links.

The head of the Russian federal agency, Victor Krivopuskov, says that
they will do their best to make the project productive and attract
Russian business. The initiative will contribute to the Armenian
market economy, UNIDO head Sergey Korotkov said.

From: Emil Lazarian | Ararat NewsPress