Agreement Signed to Increase Trade with Samara, Russia

By , 25 Apr 2019, 16:30 PM Business
Agreement Signed to Increase Trade with Samara, Russia Google Maps

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STA, 24 April 2019 - The Chamber of Commerce and Industry (GZS) hosted a meeting of businessmen from Slovenia and the Russian Samara region on Wednesday as part of a visit by a delegation led by Samara Governor Dmitry Azarov. On the occasion the GZS signed a cooperation agreement with its Samara counterpart.

A press release from the GZS quoted the chamber's executive director Sonja Šmuc in saying that the agreement would boost trade and business links between Slovenia and the Samara region.

Šmuc believes that Slovenia and Russia could match the record volume of trade seen in 2013, at EUR 1.5bn, in a year and a half.

Last year, bilateral trade amounted to EUR 1.15bn, around 45% of which was generated by the pharmaceutical industry, followed by telecommunications, engineering, household appliances and paints.

"We also want to set up cooperation in other areas, such as the agricultural and food industry, IT, cooling technology," Šmuc told the meeting, featuring more than 50 businessmen.

Governor Azarov noted huge potential for cooperation in particular in science and education, industry and tourism. He believes the agreement signed today would give a new impetus to business links.

According to him, the Samara region has a well diversified industry, excellent higher education and science, a suitable geographical position, and has taken fiscal and legislative solutions designed to attract capital and know-how.

The meeting was also attended by Russian Ambassador Doku Zavgayev, who said he believed in expanding ties between Slovenia and several Russian regions, with great potential in modern technology.

Victor Kudryashov, the first deputy of the chairman of the government of the Samara region, said that the region was open to new development partnerships and investment.

He said that the Samara Oblast as Russia's centre of the automotive and space industries welcomed Slovenian know-how, which could be implemented in the industry there.

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