Russian investments in Armenia strong in all key sectors – EDB
10.10.2014,
12:28
Russian investments are very strong in all key sectors in Armenia, head of the EDB Centre for Integration Studies Yevgeny Vinokurov said at the 9th Eurasian economic conference, as cited by Novosti-Armenia.
MOSCOW, October 10. /ARKA/. Russian investments are very strong in all key sectors in Armenia, head of the EDB Centre for Integration Studies Yevgeny Vinokurov said at the 9th Eurasian economic conference, as cited by Novosti-Armenia.
The fields include electricity, power generation, energy distribution, gas supply and distribution, processing industry, Vinokurov said.
Another project arises now - the North-South road corridor, which is vital for the country’s future, he said. Investments in the country will grow if this project is pushed through, according to Vinokurov.
The North-South Road Corridor will link Central Asia and India with Iran, Georgia, Russian Federation and Europe. The corridor passes across Armenia from South to North (Meghri-Kapan-Goris-Yerevan-Ashtarak-Gumri-Bavra), links up with the Georgian road leading to seaports Poti and Batumi (Black Sea) and on toward Russia, CIS and EU. The total cost of the first-ever investment project in Armenia is $1.5-2 billion. The Anti-Crisis Fund of EurAsEC (Eurasian Economic Community) made a decision to provide Armenia with $150 million for the project.
Yet, the economic situation in Russia will, no doubt, affect growth rates and exports and imports in Customs Union and the Eurasian Economic Union (EEU) countries as Russia accounts currently for 87% of the EEU economy, Vinokurov said.
“We will be trading less and labor migrants will be sending less homey home, but this should not affect the integration processes”, he said. –0--
The fields include electricity, power generation, energy distribution, gas supply and distribution, processing industry, Vinokurov said.
Another project arises now - the North-South road corridor, which is vital for the country’s future, he said. Investments in the country will grow if this project is pushed through, according to Vinokurov.
The North-South Road Corridor will link Central Asia and India with Iran, Georgia, Russian Federation and Europe. The corridor passes across Armenia from South to North (Meghri-Kapan-Goris-Yerevan-Ashtarak-Gumri-Bavra), links up with the Georgian road leading to seaports Poti and Batumi (Black Sea) and on toward Russia, CIS and EU. The total cost of the first-ever investment project in Armenia is $1.5-2 billion. The Anti-Crisis Fund of EurAsEC (Eurasian Economic Community) made a decision to provide Armenia with $150 million for the project.
Yet, the economic situation in Russia will, no doubt, affect growth rates and exports and imports in Customs Union and the Eurasian Economic Union (EEU) countries as Russia accounts currently for 87% of the EEU economy, Vinokurov said.
“We will be trading less and labor migrants will be sending less homey home, but this should not affect the integration processes”, he said. –0--
