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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

Thursday, Jan. 29



Attend a master class on how to deal with complicated business negotiations today at the International Banking Institute, 6 Malaya Sadovaya Ulitsa. Running from 3 to 6 p.m., Vadim Sokolov, an assistant professor at the St. Petersburg State University of Economics, will introduce aspects of managing the negotiation process and increasing its effectiveness. Attendance is free with pre-registration by telephone on 909 3056 or online at www.ibispb.ru



Celebrate what would be writer Anton Chekhov's 155th birthday at the Bokvoed bookshop at 46 Nevsky Prospekt. Starting at 5 p.m., the legendary author will be feted with readings of his stories and short performances based on his plays by various St. Petersburg actors. Chekhov's books will also be offered at a 15% discount during the event.



Friday, Jan. 30



The Lermontov Central Library, 19 Liteyny Prospekt, will screen 'Almost Famous’ in English with Russian subtitles at 6:30 p.m. Cameron Crowe's Academy Award-winning comedy from 2000 stars Billy Crudup, Kate Hudson, and Patrick Fugit, and tells the story of a budding music journalist at Rolling Stone magazine in the 1970s. Admission is free.



Meet renowned Russian poet, journalist and writer Dmitry Bykov, famous for his biographies of Boris Pasternak, Bulat Okudzhava and Maxim Gorky, and winner of 2006 National Bestseller Award. Bykov will read old and new poems as well as answer questions about his works at the St. Petersburg Philharmonic, Main Hall, at 7 p.m. Tickets start at 1,000 rubles and are available at city ticket offices and the from the Philharmonic website www.philharmonia.spb.ru.



A retrospective of the films of Roman Polanski starts today at Loft-Project Etagi, 74 Ligovsky Prospekt, with a screening of ‘Repulsion’ at 7 p.m. and ‘Rosemary’s Baby’ at 9:15 p.m. The series runs through Feb. 4 and will include Polanski's eminently creepy ‘The Tenant,’ the cult comedy ‘The Fearless Vampire Killers’ and ‘Cul-de-sac’ among others. Tickets are 150-200 rubles and the complete schedule is available at www.vk.com/artpokaz/



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