Source Pravda.Ru

Russian-Bavarian trade volume exceeds 9 billion marks

During the past 3 years the trade volume between Russia and the German land of Bavaria has grown from 3.6 billion to 9.1 billion marks, said Bavaria's minister for economic affairs, transportation and technology Otto Wiesheu in Moscow. On Thursday he met president of the Russian Commerce and Industry Chamber Yevgeny Primakov.

About 700 Bavarian enterprises are now working in Russia on their own or with partners, the minister said. Large concerns, such as BMW intend to increase investments in the Russian economy. Wiesheu gave a positive assessment to the reform in Russia, in particular, to the tax and land reforms.

The Bavarian minister pointed out that Russian export to the land substantially exceeded import of Bavarian products to the country. Russia is not satisfied with the trade structure either, as it is dominated by raw materials export, Primakov said. It is necessary to increase the share of ready-made goods in Russian export, he believes.

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
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Capitalism reduced Indonesian cities to infested carcases
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