Business News

Slovenia Boosting Economic Ties with Russia's Vladimir Region

Ljubljana, 18 December (STA) - A memorandum of cooperation is to be signed on Wednesday between the Slovenian Economic Development and Technology Ministry and Russia's Vladimir region as part of a visit by a business and political delegation from the region headed by Governor Svetlana Orlova.

The memorandum will be penned by head of the ministry's tourism and internationalisation directorate Marjan Hribar and the governor of the Vladimir region at a Slovenian-Russian business conference that will take place in the afternoon at the Slovenian Chamber of Commerce and Industry (GZS).

The two sides wish to boost cooperation among businesses from both sides and will organise several conferences in different areas of cooperation, from tourism to small and medium-sized businesses, according to a press release from the Economy Ministry.

Two Slovenian companies - floorings maker Juteks and prefabricated construction elements maker Trimo - are already present in the Vladimir region, which borders the Moscow region.

The business conference in the afternoon will be attended by representatives of around 20 Russian companies and will be addressed by GZS president Samo Hribar Milič and head of the Slovenian-Russian business council Janez Škrabec.

The conference is to focus on opportunities for boosting bilateral cooperation in tourism, small businesses, the agriculture and food sector and innovative industries.

Orlova is also scheduled to be received by Prime Minister Alenka Bratušek later today.

Russia is Slovenia's seventh biggest trade partner. It ranks fifth in the value of Slovenian direct investments abroad and fourth in the number of tourist stays in Slovenia.

Slovenia already has similar memorandums with the Moscow region, Leningrad region, Samara, Ulyanovsk, Altai and Moscow city, while several others are also in the pipeline.

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