November 18, 2010 - 11:55 AMT
Putin: Russia is traditionally major trade partner for Armenia

Russia is traditionally a major trade and economic partner for Armenia, Russian Prime Minister said.

“Even in the crisis year of 2009, the amount of Russian investments to Armenian economy reached $2,8 billion. Our enterprises effectively work at the Armenian market and we are thankful to the Armenian authorities for creating favorable conditions for the operation of Russian companies,” Vladimir Putin said during a meeting with Armenian President Serzh Sargsyan.

President Sargsyan said for his part that a large number of joint projects, specifically construction of a new power generating unit of the Metsamor NNP and expansion of railway communication, are being successfully implemented along with increasing volume of investments and bilateral trade, the presidential press office reported.