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City news, 19.10.2011 02:26

Armenian and Russian PMs meet in St Petersburg

Armenian and Russian PMs Tigran Sargsyan and Vladimir Putin

Armenian and Russian PMs Tigran Sargsyan and Vladimir Putin met on Tuesday in St Petersburg. The sides discussed issues of current economic situation and bilateral trade-economic cooperation.
“I would like to state that Armenian-Russian economic relations develop well. Russian investments grow in Armenian economy amounting to $3 billion. Russia currently works on improving Armenia’s transportation. Russian side undertook management of Armenia’s railway and already invested RUR 5 billion [$160,384,190] in the sphere. The two states have also good relations in energy sphere, particularly in nuclear energy with $1.6 billion investments by Gazprom Company,” Vladimir Putin said, governmental press service
Sargsyan stated in his turn that there is an activity in economy after world economic crisis of the recent years. Armenia registered 2% growth last year, while about 5% is expected for this year.

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