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The Government of the Republic of Serbia

In the service of citizens

Serbian delegation's visit to Moscow gives additional impulse to economic cooperation

Belgrade/Moscow, 26 February 2008

Serbian Minister of Trade and Services Predrag Bubalo said late today that the visit by the Serbian government delegation to Russia is a chance to give additional impulse to economic cooperation between the two countries.

Moscow

Bubalo said in a statement to the Tanjug news agency on his arrival in Moscow that this visit is a chance to analyse what was agreed before and has not been implemented, and to encourage further economic cooperation between Serbia and Russia.

He referred to yesterday's visit by Russian First Deputy Prime Minister Dmitry Medvedev to Belgrade and the signing of the agreement between companies Gazprom and Srbijagas, which copper fastens the Agreement on energy cooperation between Serbia and Russia and underlined that it represents a basis for a series of new forms of cooperation and strengthening of economic ties between the two states.

Only through regular contact and bringing businessmen together - both those who already achieved success on this market and those who are looking for a chance on it, can we maintain a high export growth rate with the aim of reducing a very high foreign trade deficit, said Bubalo, who is co-chairman of the mixed committees for cooperation between Russia and Serbia, and Serbia and the city of Moscow.

A meeting between the Serbian delegation and Russian Minister for Civil Defence and Emergency Situations and president of the Russian-Serbian committee for the promotion of economic, scientific-technical and cultural cooperation Sergei Shoigu is scheduled to take place tomorrow.

The Serbian delegation includes Serbian Minister of Agriculture, Forestry and Water Management Slobodan Milosavljevic, several Serbian businesspeople and President of the Serbian Chamber of Commerce Milos Bugarin.

During the two days of work by the joint expert group at the plenary session, information about the condition of and basic indicators and tendencies in economic development will be examined as well as measures for intensifying trade and economic cooperation between Serbia and the City of Moscow.

Bubalo is scheduled to meet with Mayor of Moscow Yury Luzhkov, and on February 29 he will meet with Tatarstan’s Minister of Industry and Trade Alexander Kogogin.