ArmInfo. Russia remains Armenia's leading foreign economic partner, Russian Prime Minister Dmitry Medvedev said at a briefing in Yerevan on October 24 after a tete- a-tete meeting with Armenian Prime Minister Karen Karapetyan.
According to him, bilateral trade is growing, and growing at a good pace. "All of our joint ventures operate in all areas: high technologies, energy, construction, and telecommunications. We have outlined plans for the future: what could be done in the coming years, "he said. The Russian prime minister noted that cooperation in the humanitarian sphere is also developing, in particular, Russia is preparing to hold the days of Armenian culture in Russia in November. A number of new projects in the humanitarian sphere are envisaged, he noted. It should be noted that according to the National Statistical Service, Armenia's foreign trade turnover with Russia increased by 23.5% per annum in January-August 2017 to $ 991.8 million. This was provoked by an increase in exports of 36.6% to $ 310 million and imports of 18.3% - up to $ 681.8 million. In total, Armenia's foreign trade grew by 24.4% to $ 3.9 billion in January-August 2017, including exports - by 21.7% to $ 1.4 billion, and imports - by 26% to $ 2.5 billion For these three indicators, Russia holds the lead with a large margin. Russia accounts for about half of all foreign investments in Armenia - about $ 3 billion. About 2,000 enterprises with Russian participation work in Armenia.
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