Russian capital in Armenia

Today 113 companies in Armenia function with Russian capital. During the last eight years Russia has invested USD 1.079 billion in Armenia.

The Co-Chairman of the Armenia-Russia Inter-Parliamentary Commission, MP Aram Saparian, says that in 2009 economic activity between the two countries might decrease due to the world economic crisis. However from the end of 2010 the situation will change and hopefully Russia will then make new large scale investments.

By 2010 the construction of the new nuclear power station should start as well as Iran-Armenia railway construction. There are serious discussions as well on the possibility of exploiting uranium reserves in Armenia.