ArmInfo. Armenia and Russia intend to intensify investment cooperation in the industrial sector. At the VIII Interregional Armenian-Russian Forum during the round table "Potential of industrial clusters: implementation of joint projects", the parties developed common approaches to attracting investments. Andrey Shpilenko, Director of the Association for the Development of Clusters and Technology Parks of Russia, announced this on the sidelines of the forum.
In particular, he stressed that before making a decision to invest in a particular project, business always needs to show the mechanisms that are beneficial to it in the first place. "Such forums are necessary in order to bring positions closer together, to find interested entrepreneurs who are ready to invest," he added.
In turn, head of the Industrial Development Department of the Ministry of Economy of Armenia, Armen Eganyan, said that during the round table they talked about specific projects, programs, and available opportunities. <Of course, we can say that the implementation of the latter is not carried out at the proper level. Therefore, intensive work is required on this issue>, he added. To recall, the interregional forum between Armenia and Russia has been held since 2011 with the aim of expanding cooperation between the territorial units of the two states. To note,Russia is traditionally the main trade partner of Armenia. According to the data of the Statistical Committee of the Republic of Armenia, in January-August of this year, the trade turnover between Armenia and Russia amounted to $ 1.5 billion, which is 12% higher than a year ago. At the same time, exports increased by 30.9% to $ 522 million, imports by 4% to $ 1 billion.
