POST Online Media Lite Edition



 

Resumption of transport links between Armenia, Turkey and Azerbaijan to give Armenia's GDP 30% extra

Christian Fernsby |
The resumption of transport links between Armenia, Turkey and Azerbaijan will significantly improve the opportunities and competitiveness of our undertakings, Armenia’s Minister of Economy Vahan Kerobyan told reporters.

Article continues below




He said the World Bank, the Asian Development Bank and the Armenian government estimate that the resumption of transport links between these countries will give Armenia a 30% GDP growth in two years.

Speaking to reporters on the sidelines of a Russian-Armenian business forum that opened today in Yerevan, Kerobyan said Armenia, Russia and Azerbaijan are determined to bring the situation to its logical conclusion and to achieve the result for which negotiations are being conducted.

Earlier today, Deputy Prime Minister of the Russian Federation Alexei Overchuk told reporters that Russia, Armenia and Azerbaijan are disposed to unblock economic and transport ties in the region. According to Armenian Deputy Prime Minister Mher Grigoryan, unblocking communications will have a positive effect, but it is too early to predict the exact growth in trade between the countries as a result.


What to read next

EU Azerbaijan's key trade partner
Armenia to bring economy in line with EU
Azerbaijan one step closer to EU