Russian companies interested in Armenian economySeptember 10, 2007 - 16:13 AMT PanARMENIAN.Net - "Armenia and Russia lived side by side at all times. The treaty on friendship and cooperation concluded between Armenia and Russia 10 years ago has become a logical continuation of our centuries-old relations which cover all spheres," Armenian Ambassador to Russia Armens Smbatian said."Presently, 800 joint ventures function in Armenia. Major companies like Russian Aluminum, RAO UES of Russia, Gazprom, VympelTelecom, VTB, Federal Atomic Energy Agency have entered Armenia," he noted. "Formerly, Russian businessmen used to say, "We should help Armenia." Now the leading Russian companies are interested in Armenian economy. They are encouraged by the liberal tax system and internal stability," the diplomat said. He also reminded that several Armenian enterprises were transferred to Russia against the state debt. "These enterprises do not function properly. However, we discussed the issue with the Russian leadership and concluded that the enterprises should find private investors. The agreement between Gazprom and Armrosgazprom on restoration of the 5th power-generating unit can serve as an example," Armen Smbatian said in an interview with Nezavisimaya Gazeta. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |