Russian & German Businesses Have a Jump-Start

Russian President Dmitry Medvedev and German Chancellor Angela Merkel visited Ekaterinburg on July 14, 2010 for a two-day summit that devoted special attention to strengthening the business relationship between the two countries.

The Siemens corporation was one of the key players in the process. Siemens is going to partner with the Rostekhnologiya corporation in a joint venture to produce hydroelectric power plants and also plans to supply the public corporation Rossiiskie Zheleznye Dorogi (Russian Railways) with over 200 commuter trains worth 2.2 billion euros. In addition, Siemens is ready to help build Skolkovo, the Russian science town.

Representatives of Volkswagen, Airbus, E-On, BASF, and Metro were a part of the German delegation. The last two companies are well known in Ekaterinburg - BASF is an active participant in the Energy-Efficient City and Metro operates two stores in town. 

In January - April  2010 total trade between Russian and Germany increased by 50%, amounting to $15.2 million, and the total German investment in the Russian economy has been calculated to be more than $20.2 billion.

Russia Will Finance NPP Construction "Belene"

Russia will finance the Construction of Belene NPP untill Bulgaria find a strategic investor. This statement was made by Minister of energy, economy and tourism in Bulgaria Traycho Trajko after the meeting with Russian Minister of Energy Sergei Shmatko and the head of Rosatom, Sergei Kiriyenko.

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Slovak Eximbanka Ready To Finance Urals Industry Modernisation

Slovak industrialists might expand their presence in the Urals. The Sverdlovsk Oblast government and the Export-Import Bank of Slovakia (Eximbanka SR) have signed the agreement on cooperation in the sphere of investment development. 

The Eximbanka SR management offered various financing options guaranteed by the Slovak Republic. The key condition to be eligible for financing is that 30 to 40% of the financial resources provided must be spent on purchases of Slovak made equipment.

The Sverdlovsk Oblast government informed that power engineering seems to have the best future for the cooperation.

Slovak SES Tlmače is prepared to participate in the construction of power plants at OJSC Uralelectromed, OJSC Sredneuralsky Copper Smelter and OJSC Nizhniy Tagil Iron and Steel Works.

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