Russian business ready to deposit in Armenia

PanARMENIAN.Net - Upon outcomes of the intergovernmental negotiations today, Armenia and Russia signed a protocol on prolongation of agreement of 2000 on regulations of indirect tax collection providing for a 0 added value tax in mutual trade.



After a meeting with RA Prime Minister Serge Sargsyan, Russian Premier Victor Zubkov said Russia concludes the agreement with friendly states, since it allows two states to run trust business.



When commenting on Russia's investment policy, Mr Zubkov noted that in the near future Russian investments in the Armenian economy will redouble and amount to $1,5 billion. The funds will be partly spent on construction of an oil processing plant in Armenia. "Russian business is ready to deposit in the Armenian economy," the RF PM stated.



"Armenian construction firms can be engaged in building of Olympic facilities in Sochi. Furthermore, Armenia was always famous for construction materials and the Olympic games in Sochi is a good opportunity," Victor Zubkov noted, IA Regnum reports.