Armenia and Russia find new ways of cooperation: joint ventures to be established

YEREVAN, FEBRUARY 7, ARMENPRESS: Meeting of Prime Minister of Armenia Tigran Sargsyan and First Vice Prime Minister of Russia Viktor Zubkov took place in Yerevan, February 7. Armenpress reports, PM Tigran Sargsyan said during the meeting they discussed economic issues of mutual interest. The issues particularly related to the spheres of agriculture, agricultural engineering, acquiring of high-quality seed and upgrading of agricultural centers. He said works are being carried out for creation of joint ventures. "Let's register that during the coming months we will have few new programs connected with the creation of new leasing companies. The joint task groups will work in Moscow for the implementation of our arrangements," head of Armenia's executive power said, expressing gratitude to the guest for the joint work.

Viktor Zubkov said positive discussion took place at the residence of the President of Armenia Serzh Sargsyan. Programs of mutual interest, trade circulation, implementation of investment programs were discussed at the meeting. "The trade circulation increased by 12% amounting to almost 1 billion USD. Billion is not a limit at all. We find new directions for cooperation, particularly in the sphere of agriculture," the first vice premier of Russia said. He conveyed the greatest wish of his state to cooperate with Armenia in different directions.

"We think of establishing "Rosselkhozbank" subsidiary in Armenia. It is one of the powerful banks in Russia. It will work with Armenian farmers toward crediting. We may work quite effectively," Zubkov said.

In a month bilateral task groups will work toward implementation of arrangements. "We see good opportunities here. There is a great potential in the spheres of education, culture. We are also thinking over establishing branch of Moscow State University in Yerevan," the Russian vice premier said.

He expressed gratitude to the President of Armenia and Prime Minister for warm and constructive dialogue.