YEREVAN. – Russia is for Armenia a source of more than 40 percent of foreign direct investments and over 80 percent of transfers, Armenian president's administration official said.

Russia remained the largest investor in the Armenian economy over five years, Vardan Aramyan said during the Second International Economic Forum of the ruling Republican Party of Armenia on Saturday.

With regard to transfers , it is easier for migrant workers to travel to Russia, since they need visas in Europe, and in most cases there are language and cultural barriers.

Aramyan said the main problem is transport infrastructure, and here Armenia can strengthen cooperation with both Russia and Georgia, as a transit country