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
In European sustainable energy week 2010, new EU energy commissioner presents strategy to reduce Europe’s dependence on fossil fuel.
more »
The EBRD is launching a Project Complaint Mechanism, which is expected to enhance the accountability and transparency of the Bank’s operations.
more »
The EBRD is boosting the availability of local currency financing in Armenia with a synthetic loan in Armenian Drams (AMD) worth $4 million to FINCA UCO CJSC for on-lending to local micro and small enterprises (MSEs).
more »
This year is the UN year of biodiversity and it brings endangered species into the spotlight.
more »
The World Bank Board of Directors today approved a US$65 million project to support the recovery of Haiti’s critical infrastructure as well as the reestablishment of basic State functions following the devastating 7.0 magnitude earthquake on January 12, 2010.
more »
Haiti’s arduous reconstruction and recovery process jolted forward today following fresh commitments to help the Caribbean nation rebuild in the wake of its devastating January 12 earthquake.
more »
A mission from the African Department of the International Monetary Fund (IMF) visited Uganda during March 4-17, 2010, to conduct the seventh and final review under Uganda’s Policy Support Instrument (PSI) and reach understandings on a policy framework for a new three-year PSI to cover the period 2010 to 2013.
more »
The European Economic and Social Committee (EESC), as the first EU institution, rose to the challenge of providing a comprehensive vision for the future of the Common Agriculture Policy (CAP), in advance of the European Commission's papers on the matter, due to be issued later this year and in 2011.
more »
The outlook for primary energy supplies, heat, and electricity is questionable for the Eastern Europe and Central Asia region, despite Russia and Central Asia’s current role as a major energy supplier to both Eastern and Western Europe.
more »
The Executive Board of the International Monetary Fund (IMF) today approved a 36-month, SDR 513.9 million (about US$790 million) Stand-By Arrangement (SBA) for El Salvador to help the country mitigate the adverse effects of the global crisis.
more »