OREANDA-NEWS. July 04, 2011. Ukraine and Armenia have enormous potential to develop tourism, President Viktor Yanukovych said at today’s joint Ukrainian-Armenian business forum.

"This area needs revitalization," Viktor Yanukovych said. In this regard, he noted the feasibility of setting closer cooperation and preparing contractual framework between the regions of Ukraine and Armenia. He expressed confidence that it is easier to conclude such agreements at the level of individual regions, adding that currently this interregional cooperation clearly requires boosting.

Speaking of other areas of cooperation between the two countries, the President mentioned infrastructure development, energy, and engineering. "Ukraine has a strong machine building complex that can perform orders, or implement ‘turnkey projects’ if necessary,” Viktor Yanukovych said.

He also noted the important role of the Armenian community living in Ukraine, expressing the belief that these people are too establishing real economic and humanitarian ties between the two countries.