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YEREVAN, AUGUST 8, ARMENPRESS: The meeting of the Presidents of the Republic of Armenia and Russian Federation Serzh Sargsyan and Vladimir Putin which will be held on August 8 will be a new step of strengthening friendly relations between tow countries. Armenpress reports that about this is mentioned in the massage spread by press service of Kremlin. Serzh Sargsyan and Vladimir Putin will discuss security issues in South Caucasus and the agenda of relations between two countries, international and regional issues, perspectives of deepening cooperation between two countries in CIS territory.
In the massage of press service is mentioned that 2012 is symbolized for two countries for two important jubilees – 20th anniversary of establishment diplomatic relations between two countries and 15th anniversary of Cooperation and Mutual Assistance treaty.
Russia is one of the main investors in Armenia and the main trade partner. Between Armenia and Russia the goods turnover for first 5 months of current year has increased by 24.4 percent. The export from Russia to Armenia has increased by 21.5 percent and import by 37.2 percent.
“ Russian influential companies are operating in Armenian market: Armenian –Russian ArmRusGazard” joint company is working quite productively , which has the monopoly right in Armenia's domestic market. In 2011 “ArmRusGazard” finished Hrazdan Thermal Plant of 5 th unit construction.
“ Rosatom” State Corporation coordinates Russian companies participation in the raising the issue of Armenia nuclear power plant safety in the implementation of MAGATE technical cooperation four drafts. "Russian Railways" JSC has committed concession management of “Armenian Railways" CJSC”. Russian "Gazprombank" is currently operating actively in Armenia’s financial market. Current time bank has 15 branches, 9 located in provinces , 6 in capital Yerevan. "VTB Bank Armenia” CJSC works with the same success.
Activity by Russian companies is also observed in telecommunications sector.
Deep historical and cultural links assure cooperation between Armenia and Russia.
28 inter-regional economic, scientific and cultural cooperation agreements have been signed” Kremlin press service report runs.