Armenian President visits Teghut copper and molybdenum mine

Armenian PM: Support of business will be a top priority for us

Well-known French filmmaker Robert Gedikian shoots film about Armenian Genocide

Newspaper: Armenian Government to shortly ease tax burden on SMEs

Newspaper: Prime Minister Hovik Abrahamyan will shortly urge officials and parliamentarians to refuse from salary increase

David Haroutiunyan appointed as Government Chief of Staff

VTB Bank (Armenia) increases corporative crediting almost by 40% in 2013

VTB Bank (Armenia) is the leader on credit portfolio in the banking sector of Armenia

VTB Bank (Armenia) increases car loan portfolio by over 70% due to retail lending facilitation

VTB Bank (Armenia) and MasterCard launch a new card campaign

VTB Bank (Armenia) among top 3 Armenian banks in terms of retail business

"I'm Against" civic initiative refuses to start negotiations with Prime Minister

Hovik Abrahamyan promises to present an acceptable solution to the pension problem before late July

Armenia not to sign agreement to access Customs Union in 29 April in Minsk

European parliamentarian sees no obstacles to signing the political component of the Association Agreement with Armenia

European Parliament condemns attack against Kessab

Areximbank-Gazprombank Group offers discounts and free of charge cards ahead of holiday season

Republican Party of Armenia to be the only party in power in Armenia

Beeline and SPB TV launch IPTV in Armenia

VTB Bank (Armenia) launches deposit action

Expert: Democratic Nagorno-Karabakh will never become part of Sultan- ruled Azerbaijan

Upgraded offices of VTB bank (Armenia) in Gegarkunik region start working in a new format

Hovik Abrahamyan: Government of Armenia intends to form a favorable tax system for development of small and medium enterprises

On Apr 29 Armenia to sign agreement on joining Customs Union

Environmentalists launch campaign to save Lake Sevan

Political expert: "Orinats Yerkir" party will soon join the "four"

Member of the parliament: RPA may alone take responsibility

ARFD not to join ruling coalition

David Babayan: Elmar Mammadyarov's last statement about Azerbaijan's readiness to grant Nagorno-Karabakh autonomy was absurd

Press-secretary: Prosperous Armenia Party will go on watching further actions by the Orinats Yerkir Party (Law Governed Country Party)

Political expert: The statement by US ambassador to Azerbaijan is a result of Armenia's voting on the Crimea

ArmenTel's subscribers to shortly enjoy IP television

Vahe Hakobyan: Investments must create jobs


Vice-Speaker of Israeli Knesset to Deliver in Tbilisi Lecture on Israeli-Arabic Relations

German Chancellor Invites Garibashvili to Visit her Country

Georgian Foreign Minister to Visit Germany

Georgian Foreign Minister Attends International Conference in Vilnius

President to Have Exclusive Right to Grant Georgian Citizenship

NATO Week in Georgia Starts Today

Discussion of the Azerbaijani-Iranian relations on Culture and Tourism

Chief of General Staff of the RF to visit Baku

Ilham Aliyev will visit NAR

Georgian Premier Starts his Regional Tour

Georgian President to Hold Talks in Poland

Georgian Prime Minister Meets with EU Special Adviser

Erdogan is arriving in Baku

Simplification of the visa regime between the EU and Azerbaijan may occur in the summer

U.S. Embassy: Any allegations that US government representatives are trying to foment a revolution in Azerbaijan are absolutely absurd

Foreign Minister of Afghanistan to Pay Official Visit to Georgia

Georgian Foreign Ministry Makes Strict Statement, Concerning Referendum in the Crimea

President Margvelashvili Meets Georgian Troops, Deployed in Afghanistan

Georgian Premier and Afghan Foreign Minister Discuss Two Countries' Relations

Georgian Premier Holds Official Dinner in Honor of Romanian Prime Minister

Analyst: The USA invested $5 billion to directly support Maidan

Georgian Ambassador to Japan Hands over Credentials to His Imperial Majesty Emperor Akihito of Japan.

Tbilisi Hosts Annual PDP Conference

NATO May Accelerate Georgia's Integration and Grant it MAP because of the Crimea Problem

Georgian Ambassador to Lithuania Addresses Seimas

Iranian Deputy Foreign Minister in Baku

Gerhard Schroeder will make a speech in Baku

Putin is unable to persuade the leader of the Crimean Tatars

Georgian Defence Minister Attends NATO Defence Ministerial

Saakashvili is Offered High Post in Kiev


Vahe Hakobyan: Investments must create jobs

Sergey Markedonov: People living in Crimea and Karabakh saw no future for the countries they were attached to

Vahram Avanesyan: It is impossible to achieve serious results by means of standard and framework reforms

Wayne Merry: Situation around Ukraine is a serious alarm that the South Caucasus political nucleus must be seriously revised

Dariusz Prasek: EBRD demands absolute transparency from companies

Sargis Hatspanyan: When it comes to the change of regime in Armenia, the West washes hands of it

Andrey Yepivantsev: Only time may show if we have opened Pandora's box in the Crimea or not

Giorgi Tarkhan-Mouravi: Confrontation around the Crimea will speed up Ukraine's European integration

Ivan Kukhta: Ukraine has received a chance to be totally reset

Vaidotas Verba: Eastern Partnership project is not directed against anybody, it is simply for open opportunities

Vladimir Yevseev: The only way out of the situation in Ukraine for the West is through negotiations with Russia

Edward Sharmazanov: The principle of peoples’ right to self-determination tends to dominate in the world

Gevorg Poghosyan: Armenia is on an explosive-timing device and may explode at any moment

Sergey Grinyayev: Armenia has just to realize its status of an essential partner for Russia

Grigory Tishchenko: Strengthening of Russia’s positions in the South Caucasus will contribute to peaceful settlement of the Nagorno-Karabakh conflict

Artak Shakaryan: Armenia and Diaspora should be ready for Turkey’s imitative policy in the matter of Armenian Genocide recognition

Hovhannes Igityan: Only reason why they 'invited' Armenia into the Customs Union was to show Europe who wears the pants in the post-Soviet area

Vladimir Putin: Russia welcomes resumption of direct contacts between Armenian and Azeri leaders

  • by Marianna Mkrtchyan

  • Monday, December 2, 22:20

 As usual, the negotiations with Armenian President Serzh Sargsyan proceeded in a business and constructive atmosphere, Russian President Vladimir Putin said following the Russian-Armenian talks.  

"During a separate meeting and then at an enlarged meeting with official delegations we thoroughly discussed the dimensions of further Russian-Armenian cooperation. We outlined specific plans on expansion of the trade, economic and humanitarian ties. Special attention was paid to Armenia's participation in Eurasian integration processes. As you know, during the October session of the Supreme Eurasian Economic Council in Minsk, the Customs Union countries supported Armenia's intention to join the Customs Union and the Common Economic Space. At the moment a roadmap is being prepared to bring the national legislation of Armenia in compliance with the legal base of the Customs Union and the Common Economic Space. We will further contribute to implementation of all the required procedures for Armenia's accession to the Customs Union. 

The rising complementarity of our economies demonstrates the prospects of the integration cooperation. Russia is the key foreign trade partner of Armenia - 23.5% in Armenia's foreign trade turnover. In 2012 the commodity turnover increased by over 20% to 1,2 bln USD. Further growth was outlined in Jan-Sept 2013. The total volume of Russian investments in Armenia has exceeded 3 billion USD - over 40% of foreign investments in Armenian economy. Direct investments constitute the major part of them.      

There are around 1,300 Russian companies in Armenia - over 25% of all joint ventures with foreign capital. They operate in the key sectors of Armenian economy: gas supply, transport services, telecommunications, and financial sector. The arrangements on price formation and amount of Russian natural gas supply to Armenia will contribute to further development of the mutually beneficial partnership. The interaction in the nuclear energy field is also being promoted. Our plans include prolongation of the lifespan of the Armenian Nuclear Power Plant.  

Today the Armenian President and I attended the launch of the 5th unit of the Hrazdan Thermal Power Plant. Gazprom has invested over $300mln in this project. I have asked a Gazprom representative. He told me that 300mln, but I am sure that in fact they invested more than 400mln. I am convinced that this plant will enhance Armenia's energy security.
We have agreed to provide support to joint initiatives in high- tech sectors. Particularly, we are planning to create an Armenian communication and television satellite and to organize space research at the Byurakan Observatory.  We are actively developing our cooperation in the field of education, particularly, we provide active support to Armenian schools teaching in Russian. We have a quite effective Russian- Armenian University in Yerevan and are planning to open a Russian high school and a branch of Moscow State University.

We are going to further enlarge our cooperation in the field of tourism. Over 40,000 Russians visited Armenia last year, which is 17% more than a year before.
We also have a big potential for developing cooperation between our regions.

In Gyumri we held a meeting with the personnel of the 102nd Russian military base. We believe that the presence of Russian soldiers in the Armenian land contributes to stability and security in the South Caucasus and is a stimulus for our practical military and military-technical cooperation in the framework of the Collective Security Treaty Organization.

In the context of regional and international problems we discussed the situation over the Nagorno-Karabakh peace process.  Russia welcomes the resumption of direct contacts between the Armenian and Azerbaijani presidents. I recently visited Baku and thoroughly discussed this issue with the Azerbaijani President.  I am glad to note that the meeting that took place in Vienna on Nov 19 was positive. We hope that the parties will show good sense and willingness to settle their conflict and we are ready to actively support their efforts in the framework of the OSCE Minsk Group.

I am convinced that the agreements we have reached today will help us to develop the whole complex of our relations," Putin said. 

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