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Germany Plays a Vital Role In Developing Russian Markets

Published: May 18, 2004 (Issue # 969)



  • German technology maintaines a constant presence in the local market.
    Photo: Alexander Belenky / The St. Petersburg Times

Germany has been the biggest Western trading partner of Russia since 1972. In 1997 it overtook Ukraine and became Russia's biggest trading partner altogether, according to the Moscow-based Delegation of German Industry and Commerce.

All types of German businesses are represented in Russia, including many small enterprises.

According to the Moscow-based Verband der Deutschen Wirtschaft's web site www.vdw.ru, Germany has been the No. 1 foreign investor in Russia in 2003, ahead of Cyprus, Britain and the United States.

CITY PARTNERSHIP

Germany was the city's leading trading partner in 2003, according to a report by City Hall's external relations committee.

Trade turnover rose 16 percent last year to $1.025 billion with exports rising 3 percent and imports 19 percent.

Germany occupied first place among importing countries to the city with imports values at $841 million while exports lagged far behind at $184 million, putting Germany fourth among export destinations for goods from St. Petersburg.

Exports were as varied as bronze, timber, machine tools, aluminum, chemicals and ships while imports included fast moving consumer goods, vehicles, paper, cardboard and optical equipment.

Germany invested only $45 million in the city last year, maintaining a trend of decreasing investment since 2001. In 2000 the Germans invested $116.5 million or 10.2 percent of all foreign investment in the city, the report said.

At the beginning of last year, accumulated German investment was $158.1 million, with $119.4 million of this direct investment.

About 400 German companies are currently registered in the Northwest region and the community's life is focused on the House of German Business in St. Petersburg where regular meetings and seminars are held and information is exchanged.

150 YEARS OF SIEMENS

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ALL ABOUT TOWN

Saturday, Nov. 1


The men and women who dedicate their lives to fitness get their chance to compete for the title of best body in Russia at today’s Grand Prix Fitness House PRO, the nation’s premier bodybuilding competition. Not only will men and women be competing for thousands of dollars in prizes and a trip to represent their nation at Mr. Olympia but sporting goods and nutritional supplements will also be available for sale. Learn more about the culture of the Indian subcontinent during Diwali, the annual festival of lights that will be celebrated in St. Petersburg this weekend at the Culture Palace on Tambovskaya Ul. For 100 rubles ($2.40), festival-goers listen to Indian music, try on traditional Indian outfits and sample dishes highlighting the culinary diversity of the billion-plus people in the South Asian superpower.



Sunday, Nov. 2


Check out the latest video and interactive games at the Gaming Festival at the Mayakovsky Library ending today. Meet with the developers of the popular and learn more about their work, or learn how to play one of their creations with the opportunity to ask the creators themselves about the exact rules.



Monday, Nov. 3


Non-athletes can get feed their need for competition without breaking a sweat at the Rock-Paper-Scissors tournament this evening at the Cube Bar at Lomonosova 1. Referees will judge the validity of each matchup award points to winners while the city’s elite fight for the chance to be called the best of the best. Those hoping to play must arrange a team beforehand and pay 200 rubles ($4.80) to enter.



Tuesday, Nov. 4


Attend the premiere of Canadian director Xavier Dolan’s latest film “Mommy” at the Avrora theater this evening. The fifth picture from the 25-year-old, it is the story of an unruly teenager but the most alluring (or unappealing) aspect is the way the film was shot: in a 1:1 format that is more reminiscent of Instagram videos than cinematic art. Tickets cost 400 rubles ($9.60) and snacks and drinks will be available.



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