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Serbian national exhibition in Moscow to take place in late November
Moscow/Belgrade,
19 October 2005
Serbian Minister of Trade, Tourism and Services Bojan Dimitrijevic said today that a Serbian national exhibition, to be held in Moscow in late November, should mark a positive moment in Serbia’s return to the Russian market, as well as serving to intensify bilateral economic cooperation.
The exhibition, organised at the highest level, will be opened by Serbian Prime Minister Vojislav Kostunica, together with Serbian Minister of Finance Mladjan Dinkic, Serbian Minister for International Economic Relations Milan Parivodic, Serbian Minister of Energy and Mining Radomir Naumov as well as other ministers.
At a press conference held at the Serbia-Montenegrin Embassy in Moscow, Dimitrijevic said that Russia is one of the Serbia’s most important foreign trade partners and that it offers prospects for further penetration of Serbian companies in the Russian market.
About 100 large Serbian enterprises will take part in the exhibition, which will be formally opened on November 29 at the prestigious location of Gostiny Dvor near the Kremlin, and covering nearly 3,000 square metres, the minister said. He added that the aim of this exhibition is to boost the economic position of Serbia with a view of reducing the high trade deficit with Russia, returning to the Russian market and expanding it outside Moscow to include inland areas of the country, as well as serving as a forum to present projects attractive to Russian investors.
Dimitrijevic said that during the exhibition there is also the possibility for an investment conference in order to bring together interested parties from both Serbia and Russia.
Last year’s foreign trade with Russia totalled $1.56 billion, out of which $160 million went on Serbia’s export, while the import from Russia, especially of energy sources, was $1.4 billion. That means that Serbia’s export covered only 13 percent of its import, Dimitrijevic said.
Since Serbia’s export to Russia in the first five months of the current year amounted to $80 million and its imports $600 million, it is expected that by the end of 2005, exports will account for 20 percent of the total, while the target for the future is to increase it to 40 or even 50 percent, which is considered most healthy for the economy.
Moscow local government representative Valerij Kuzin said that the exhibition will be organised on three levels: from bilateral meetings with Serbian Prime Minister Vojislav Kostunica, to meetings between Serbian ministers and their Russian counterparts, to talks between businessmen of both countries. Concrete contacts and proposals for cooperation, mostly concerning privatisation programmes, of both Serbian businessmen in Russia and of Russians in Serbia, should result from these talks.
At a press conference held at the Serbia-Montenegrin Embassy in Moscow, Dimitrijevic said that Russia is one of the Serbia’s most important foreign trade partners and that it offers prospects for further penetration of Serbian companies in the Russian market.
About 100 large Serbian enterprises will take part in the exhibition, which will be formally opened on November 29 at the prestigious location of Gostiny Dvor near the Kremlin, and covering nearly 3,000 square metres, the minister said. He added that the aim of this exhibition is to boost the economic position of Serbia with a view of reducing the high trade deficit with Russia, returning to the Russian market and expanding it outside Moscow to include inland areas of the country, as well as serving as a forum to present projects attractive to Russian investors.
Dimitrijevic said that during the exhibition there is also the possibility for an investment conference in order to bring together interested parties from both Serbia and Russia.
Last year’s foreign trade with Russia totalled $1.56 billion, out of which $160 million went on Serbia’s export, while the import from Russia, especially of energy sources, was $1.4 billion. That means that Serbia’s export covered only 13 percent of its import, Dimitrijevic said.
Since Serbia’s export to Russia in the first five months of the current year amounted to $80 million and its imports $600 million, it is expected that by the end of 2005, exports will account for 20 percent of the total, while the target for the future is to increase it to 40 or even 50 percent, which is considered most healthy for the economy.
Moscow local government representative Valerij Kuzin said that the exhibition will be organised on three levels: from bilateral meetings with Serbian Prime Minister Vojislav Kostunica, to meetings between Serbian ministers and their Russian counterparts, to talks between businessmen of both countries. Concrete contacts and proposals for cooperation, mostly concerning privatisation programmes, of both Serbian businessmen in Russia and of Russians in Serbia, should result from these talks.
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