TEHRAN, April 14 (Xinhua) -- Visiting Armenian Energy Minister Armen Movsisyan discussed with Iran's Minister of Economy and Finance Shamseddin Hosseini, the ways to finance energy projects by Iran in Armenia, the official IRNA news agency reported on Tuesday.
"The Islamic Republic of Iran is willing to cooperate with Armenia in developing infrastructure of the former Soviet republic," said Hosseini, expressing hope that "the ground for expanding two countries economic and trade cooperation would be prepared in near future."
For his part, Movsisyan appreciated opening up of credit line for Armenia by the Export Development Bank of Iran, the report said.
In an official two-day visit, Armenian President Serzh Sargsyan, heading a high ranking political and economic delegation, arrived in Tehran on Monday for multipurpose talks with Iranian officials.
Some economic contracts including a memorandum of understanding on rail transport cooperation between the two countries are expected to be signed during his visit.
In November 2008, Iran and Armenia inked ten agreements on security, political and economic cooperation in Tehran.
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