Governor of Samara Region Visits Armenia

YEREVAN (Noyan Tapan)–The goal of my visit to Armenia is to discuss the prospects for cooperation with the country’s authorities–in particular in the economic sphere and the achievement of concrete agreemen’s–Governor of the Samara region of Russia–Konstantin Titov said Monday during his meeting with Speaker of the Armenian National Assembly Karen Demirchian.

Titov described his meetings with a number of government officials as practical and effective. At the meeting with the speaker of the Armenian Parliament it was pointed out that cooperation is expected in such industries as food and light–transport–tourism and culture. According to Governor Titov such cooperation implies serious investmen’s in Armenia’s economy.

"The trade turnover between the Samara region and Armenia has fallen fivefold over recent years. I hope that the implementation of joint projects in the chemical industry and production of aluminum will ensure progress in our relations," the Governor said.

First of all–it is the implementation of an overall project of investment of the "Kanaz" aluminum-producing plant–which will enable the plant to produce 2.5 thousand tons of rolled aluminum a year. The investmen’s are to total $20,000,000. The plant is currently operating at minimum capacity. Despite this situation Titov said that the members of the Russian delegation including both officials and businessmen think that a potential market exists for the products manufactured at the "Kanaz" plant. "This enterprise is a key to business development.

Titov applauded the Armenian government because it works to protect large producers.

Titov stated that special attention is to be paid to the development of relations in chemical industry–in particular–in supplying the Yerevan "Naitrit" chemical plant with butadiene. He reported that the relevant working group is to give a thorough consideration to the issue of possible cooperation.

Titov pointed out the need for restoring and developing the previously existing long-term relations in the defense sphere and expressed willingness to render his assistance in this issue. According to him–the cooperation in the production of transformers–electric motors and components for radioelectronic industry is needed.

The protocol also provides for the cooperation with the "Yeraz" automobile plant–in particular–in the production of "Niva’s."

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