Good circulation between Armenia and Russia comprised $ 533.9 in January-August 2009

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.