Trade opportunities between Armenia and Orenburg region are used incompletelyMay 20, 2010 - 14:46 AMT PanARMENIAN.Net - On May 20, Yerevan hosted an Armenian-Russian business forum within the framework of a visit of Orenburg delegation to Armenia. “Russia is basic investor of Armenia: around 70% of direct investments to the country come from Russia. The trade relations are also the most developed as compared with other countries. Thus, Armenia attaches importance to cooperation with Russian regions,” Director of the Armenian Development Agency (ADA) Robert Harutyunyan said in his opening remarks. However, he noted that the trade turnover between Orenburg region and Armenia is too small and does not correspond to the available opportunities. “The fields of construction, energy, agriculture and food industry basically present interest for the bilateral cooperation,” Harutyunyan said. An agreement on cooperation between Chambers of Commerce and Industry of Yerevan and Orenburg regions was signed during the business forum. 17 entrepreneurs representing construction, machine building, mining industry, agriculture and other fields arrived in Yerevan from Orenburg. The trade turnover between Orenburg and Yerevan amounted to $103,000 in 2009, including import - $57,400, export - $45,600. Currently, eight Armenian enterprises operate in Orenburg. 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |