  Zubkov: commodity turnover promises to reach $1 billionFebruary 6, 2008 - 18:32 AMT PanARMENIAN.Net - Armenian Prime Minister Serzh Sargsyan met Wednesday with his Russian counterpart Victor Zubkov. The tête-à-tête meeting was followed by enlarged talks which focused on a wide scope of issues. The officials noted progress in economic cooperation, increase of the commodity turnover and Russian investments. "The high level of political relations demands proper economic cooperation. According to the data provided by the Armenian-Russian intergovernmental commission, the commodity turnover increased by 65% and reached $700 million in 2007," PM Sargsyan said. "The figure may go up to $1 billion," Mr Zubkov remarked. For his part, chairman of the Armenian-Russian intergovernmental commission, Russian Transport Minister Igor Levitin said that the RA legislation promotes Russian business into the Armenian market. The meeting participants referred to Armenian enterprises that passed over to Russia within Property for Debt Treaty. They also discussed military and energy cooperation. In conclusion, the Armenian Prime Minister said that the visit will become a recurrent step toward development and consolidation of the Armenian-Russian relations.   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 |  Related sections Latest 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 |
