ROSTOV-ON-DON. - Armenia and Russia marked considerable progress in trade and economic cooperation, said Armenian Prime Minister Tigran Sargsyan at Armenian-Russian intergovernmental committee sitting in Rostov-on-Don on Friday.

“Goods turnover between Armenia and Russia increased by 10 percent in 2010, reaching $1 billion. The first four months of current year marked turnover increase of 13 percent in relation  to relevant period of 2010,’’ said Tigran Sargsyan.

He emphasized the volume of Armenian export to Russian market increased by 40 percent in 2010 and by 27 percent in the first four months of current year.

Sargsyan also expressed confidence that there are good opportunities for deepening cooperation in various fields, such as industry and tourism.

"In order to further deepen cooperation between our two countries we should intensify mutual communication and coordinate investment plans,” he added.