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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, July 31


Develop your leadership abilities during a lecture by famous Russian author and coach Radislav Gandapas. The event starts at 9 a.m. at 5 Lodeinopolskaya Ulitsa. The price for entry is 20,500 rubles ($570).


Relax and enjoy a Parisian atmosphere with some romantic and laidback jazz tunes during the Night of French Music at Lenny Jam Cafe, 63 Ligovsky Prospekt. The entrance fee is 250 rubles ($7).


The Women’s Business Club is hosting a Beauty Brunch where participants are invited to discuss the latest news in the beauty industry and listen to lectures by professional stylists in the business.



Friday, Aug. 1


Bikers from all around the world will gather to take part in a parade, extreme shows and rock concerts during the International Biker Festival that revs its engines today and runs through Aug. 3 near Olgino Hotel, 4/2 Primorskogo Shosse.


The Peter and Paul Fortress will be turned into an open-air cinema today and tomorrow as part of the 5th International Short and Animation Film Festival. A huge screen across the fortress walls will air short films non-stop with board games, photo sessions and other activities also on offer for visitors. For more information, visit www.opencinemafest.ru



Saturday, Aug. 2


Gatchina Palace Park Museum will host its second annual Night of Light, an impressive audio-visual show across the night sky. Tickets are 600 rubles ($16).


If graphic design is more your thing then check out Illustration Day, where you will be able to visit an exhibition, attend lectures by professionals and even show experts some of your own work. The event starts at noon at Zona Deystvia, 73 Ligovsky Prospekt. The entrance fee is 350 rubles ($10).



Sunday, Aug. 3


History lovers shouldn’t miss the chance to see reenactments of World War I battles in Pushkin at noon. Besides exciting war scenes, visitors can enjoy live music, historical costumes, an equestrian show and a fancy-dress parade starting from the Moscow gates.


Garage Sale, the popular and growing flea market where nothing is priced over 500 rubles ($14.11), starts today at noon in Loft-Project Etagi, 74 Ligovsky Prospekt. Be sure to get in early to score a bargain. Entry costs 50 rubles ($1.40)



Monday, Aug. 4


Continue the working week with a calm and steady mind with a free yoga lesson at 7 p.m. in the Bukvoyed store at 23A Vladimirsky Prospekt.



Tuesday, Aug. 5


Visit The Romanov Dynasty doll exhibition today, where more than fifty porcelain dolls depicting Russian rulers, and made by Olina Ventzel, will be on show. The exhibition continues through Aug. 31 in Sheremetyev Palace, 34 Fontanka Naberezhnaya.



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