The Slovenia Times

Slovenia Boosting Economic Ties with Russia's Vladimir Region

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The memorandum was 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 took place 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 afternoon business conference was attended by representatives of around 20 Russian companies and was addressed by GZS president Samo Hribar Milič and head of the Slovenian-Russian business council Janez Škrabec.

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

Orlova presented the Vladimir region, pointing to technology parks, industrial zones and business incubators, and adding that the regional administration pays particular attention to small companies.

Hribar Milič meanwhile focused on trade between Slovenia and Russia. "We are getting closer to EUR 1.5bn worth of trade. Every visit is a new opportunity to fulfil the commitment of reaching a total of EUR 2bn in trade by 2016."

Orlova was also received by Prime Minister Alenka Bratušek, who told the Russian official that the political relations between Slovenia and Russia are very good, adding that there is room for better cooperation in business.

The governor presented to Bratušek her view about the possibilities for boosting economic cooperation and pointed to energy and tourism as prospective fields, according to a press release from the PM's office.

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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