Russian PM Says Russian Investment Opportunities in Armenia Expansive

MOSCOW (Armenpress/RIA Novosti)–Bilateral issues tied to Russian investment in Armenia will soon be settled–reassured Russia’s Prime Minister Mikhail Fradkov–talking about negotiations with Armenian counterpart Andranik Markarian in Moscow.

"We have been co-operating successfully in the economic sector; trade turnover has grown 30% compared to last year–but we should take additional measures to utilize remaining opportunities. Trade of $200 million is not the limit," Fradkov said during talks with Armenian Prime Minister Andranik Markarian on Tuesday.

Fradkov noted that Russian and Armenian leaders have met frequently throughout the year. "Dialogue is constantly filled with new content." For Markarian–the visit is the first official one to Russia.

Russia has also expressed an interested in updating its military technology in Armenia. "Our military-technology partnership is gaining momentum. Russian experts are training the Armenian military–and both parties are eager to expand the relationship when Russia updates military equipment in Armenia with spare parts," Fradkov said.

The sides are also expected to prepare an energy cooperation agreement in the coming days on production and export of fuel and power supplies.

On Tuesday–Fradkov and Markarian signed an education partnership agreement.

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