Good circulation between Armenia and Russia comprised $ 533.9 in January-August 2009October 29, 2009 - 15:31 AMT PanARMENIAN.Net - In January August 2009, good circulation volumes between Armenia and Russia comprised $ 533.9 million, decreasing only by 15.5 in comparison with last year, Economy Minister Nerses Yeritsyan told a conference entitled "Russia-Armenia: Economic Cooperation?" The event was organized in the frameworks of Second Russian Industrial Exhibition Expo-Russia 2009 Armenia. "Over the recent years, there has been increased activeness in our countries' trade-economic relations but the paces slowed down a little because of global recession," he said.In the meantime, good circulation with Russia increased by 3.8%, with specific weight making up 22.6%, Minister noted. Despite the difficulties and challenges of permanently changing modern world, Armenia and Russia maintain the traditionally developed firm economic ties. "Russia, as before, ranks as Armenia's first trade partner," Yeritsyan added. The total volume of Russian investments currently comprises $ 3 billion, of which $2.3 billion are direct investments. "In January-June 2009. Russian investments comprised $ 122.2 million, with direct investments making up $ 98.9 million," said the Minister. As of January 1, 2009, the number of enterprises with Russian capital increased to 1116 (13.4%) instead of the 984 registered last year. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | IDBank, Dalma team up for Caucasian Deer Reintroduction Program IDBank has joined Dalma Garden Mall’s Green Challenge to support the Caucasian red deer reintroduction project. Through Ucom’s support the 12th Sunchild Festival concludes On May 24-28, with the support of Ucom, the 12th international environmental festival Sunchild took place in Yerevan. U.S., Turkey emphasize importance of Armenia-Azerbaijan peace deal Jake Sullivan and Akif Cagatay Kilic have discussed the normalization process between Armenia and Azerbaijan. Armenia coach expects good football in Slovenia friendly The Armenian national team has left for Ljubljana a friendly match against Slovenia on June 4. |