Tuesday, October 24 2017 20:08
Naira Badalian

Dmitry Medvedev: Russia remains Armenia`s leading foreign economic partner

Dmitry Medvedev: Russia remains Armenia`s leading foreign economic  partner

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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