Russia and Slovakia have doubled their bilateral trade turnover in the past five years, reports the Russian Economic Development & Trade Ministry
Published:
25 February 2005 y., Friday
Russia and Slovakia have doubled their bilateral trade turnover in the past five years, reports the Russian Economic Development & Trade Ministry.
In a press release circulated ahead of President Vladimir Putin's visit to Slovakia, the ministry points out that Russia and Slovakia have now become major trade partners for each other. In 2004, Russo-Slovak bilateral trade increased 11.3 percent year-on-year, to exceed 3 billion dollars. Russian exports grew by nearly 10 percent, to just under 2.7 billion dollars' worth. Imports from Slovakia reached $320 million worth, 26.5 percent up on the previous year.
The increase in Russian export proceeds last year is largely due to higher fuel prices and a slide of the US dollar vs. Slovak koruna exchange rate, ministry officials explain. Fuels and other commodities formed the bulk (over 90 percent) of Russia's exports to Slovakia in 2004. Machinery accounted for just 5 percent. Last year, this country exported 7.7 billion cubic meters of natural gas, 5.8 million tons of oil, and $62 million worth of nuclear fuel.
In the Slovak imports, 30 percent fell on the share of machinery and equipment and another 35 percent, on consumer goods' share, the press release says.
Russo-Slovak trade cooperation is aimed at further consolidation of Russian companies' positions on the European market, ministry officials point out.
Šaltinis:
RIA Novosti
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
European Commission Vice-President Siim Kallas, responsible for transport, today presented to the College a preliminary assessment of the economic consequences for the air transport industry of the volcanic ash crisis.
more »
Boosting economic recovery, investing in Europe's youth and in tomorrow's infrastructures are the priorities of the 2011 draft budget adopted by the Commission on 27 April 2010.
more »
European Competition Commissioner Joaquín Almunia welcomes proposed commitments by Visa Europe to significantly cut its multilateral interchange fees (MIFs) for debit card payments.
more »
Because of the Icelandic volcano, flower growers in Colombia couldn't get their stems to markets in Europe.
more »
The Second Vice President of the Spanish government and Minister of Economy and Finance, Elena Salgado, on Sunday played down the importance of apparent fissures within the EU concerning the Greek financial crisis, expressing her confidence that all countries would support the aid package for this country, which will be accompanied by a tough budget-tightening plan.
more »
Commission launches an information campaign on the CE conformity mark - designed to ease the free movement of goods around Europe and protect consumers.
more »
If Europe's airports ever open again the introduction of new security measures like body scanners will be expensive.
more »
After Eurozone Finance Ministers agreed measures to address Greece’s financial woes last Sunday, MEPs quizzed leading economic figures, including the chairman of Goldman Sachs - former financial advisors to the Greek government - on how to strengthen EU economic governance and improve reporting of national statistics.
more »
The European Tourism Stakeholders Conference, being held in Madrid today and tomorrow, will explore ways and means to strengthen the visibility of tourism at a European level and to verify how the actions to promote a competitive EU tourism industry.
more »
The European Bank for Reconstruction and Development (EBRD), World Bank Group member IFC, and The Netherlands Development Finance Company (FMO) have joined up with the Asia Debt Management Hong Kong (ADM Capital) to establish a regional fund to invest in midsize companies facing financing difficulties as a result of the financial crisis.
more »