Russia major investor and economic partner for ArmeniaFebruary 6, 2008 - 17:48 AMT PanARMENIAN.Net - Russia is Armenia's major investor, RF Prime Minister Victor Zubkov told a news conference in Yerevan."The accumulated volume of Russian investments amounting in $1 billion strengthens our intention to develop cooperation. Joint programs are being successfully implemented. They cover new sectors, including atomic energy, diamond production and communications," he said. "Russia also maintains the status of Armenia's leading economic partner. The commodity turnover accretion made 60% and is approaching $1 billion," he added. For his part, Armenian Foreign Minister Serzh Sargsyan said that the potential of the Armenian-Russian relations is huge and the figure of $1 billion is a matter of near future, Novosti Armenia reports. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. 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". Partner news | Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. “Great success”: Pashinyan pleased with new border protocol Pashinyan has described the signing by Armenia and Azerbaijan of a protocol on delimitation in Tavush as “a great success”. Armenia, Azerbaijan sign protocol on demarcation coordinates Armenia’s government took on May 15 another step towards handing over four border areas to Azerbaijan. Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children |