Minister: Interest In Strengthning Economic Relations On High Level Moved Into Business In Armenia And Russia
07.12.2010,
02:32
Interest in strengthening economic relations on high level in moves into business Armenia and Russia, said Armenian Minister of Economy Nerses Yeritzyan.
YEREVAN, December 6. /ARKA/. Interest in strengthening economic relations on high level in moves into business Armenia and Russia, said Armenian Minister of Economy Nerses Yeritzyan.
Russia continues to occupy the leading place in the list of trade partners of Armenia. Recently, increase of interest of Russian business in Armenia is significant. Creation of free economic zones “in which Russia actively participates” will become an incentive for business activation and involvement of new investments.
“Today 40 companies of Russian Federation have trade-industrial and scientific-technical agreements with Armenia and its regions. The most active is Moscow which has more than half of Armenian-Russian trade turnover, Moscow, Yaroslavl, Sverdlovsk, Nizhegorodsk regions and Saint-Petersburg”, he said.
Armenian-Russian cooperation covers the main sectors of economy. The most important sectors are fuel-energy, mining and chemical industry, electro-technical, transport, construction, machinery and communication.
“Priority sectors are IT, electronic and instrument making industries, jewellery production and diamond cutting, agriculture, services and tourism spheres”, he said.
Total volume of investments from Russia to Armenia was $191341.6 thousand in January-October 2010, of which direct investments were $148176.7 thousand.
They make 40.5% of total foreign investments in real sector of Armenia and 42.5% - direct investments. In 2010 investments of Russia reduced by 0.3% compared with 2009 and direct investments increased by 21.3%.
Currently, about 1200 enterprises are operating in Armenia with participation of Russian capital. --0--
Russia continues to occupy the leading place in the list of trade partners of Armenia. Recently, increase of interest of Russian business in Armenia is significant. Creation of free economic zones “in which Russia actively participates” will become an incentive for business activation and involvement of new investments.
“Today 40 companies of Russian Federation have trade-industrial and scientific-technical agreements with Armenia and its regions. The most active is Moscow which has more than half of Armenian-Russian trade turnover, Moscow, Yaroslavl, Sverdlovsk, Nizhegorodsk regions and Saint-Petersburg”, he said.
Armenian-Russian cooperation covers the main sectors of economy. The most important sectors are fuel-energy, mining and chemical industry, electro-technical, transport, construction, machinery and communication.
“Priority sectors are IT, electronic and instrument making industries, jewellery production and diamond cutting, agriculture, services and tourism spheres”, he said.
Total volume of investments from Russia to Armenia was $191341.6 thousand in January-October 2010, of which direct investments were $148176.7 thousand.
They make 40.5% of total foreign investments in real sector of Armenia and 42.5% - direct investments. In 2010 investments of Russia reduced by 0.3% compared with 2009 and direct investments increased by 21.3%.
Currently, about 1200 enterprises are operating in Armenia with participation of Russian capital. --0--
