Minister of Regional Development of the Russian Federation Igor Slyunyaev during a two-day working visit to the Republic of Turkey held a series of meetings and negotiations with representatives of government and business of Turkey


14052014Minister of Regional Development of the Russian Federation Igor Slyunyaev is now on a two-day trip to the city of Istanbul, where the official delegation of the Ministry of Regional Development of Russia participates in the 19th annual World Investment Conference of WAIPA. The conference was attended by Director of the Department of extrabudgetary investment projects Marina Shilkina, as well as representatives of the Russian Investment Agency “Invest in Russia” – the President of the Agency Yury Spiridonov, the Agency’s CEO Yury Voicehovsky, and Director of Project Finance Department Kirill Amelkovich.

During the visit, the delegation met with the President of the Association of Independent Businessmen and Industrialists of Turkey MUSIAD Nail Olpak, during which the sides discussed a wide range of issues for mutual cooperation.

Opening the meeting, the head of the Ministry of Regional Development Igor Slyunyaev expressed condolences over the tragedy occurred the day before in the town of Soma in Manisa province, which caused the deaths of Turkish miners. Further, during the meeting the prospects of development of associations and agencies involved in supporting and promoting the interests of business in the two countries were discussed.

“World Association of Investment Promotion Agencies (WAIPA), with which we cooperate, sets standards in its operations and helps international companies to find each other. With the same purpose, we formed the Russian Investment Agency “Invest in Russia”. We define our attitude to business and want to create prosperous harbor for each of them – through measures of support, various benefits and attention to the investor. Welcome to do business in Russia!” – said Igor Slyunyaev.

In his turn, the CEO of Russian Investment Agency “Invest in Russia” Yury Voicehovsky mentioned that Russia has 70 regional investment agencies and it is projected that in the near future the number will go up to more than a hundred. The Russian Investment Agency created at Ministry of Regional Development of Russia sees its mission to ensure the coordination of their work and access to international partners.

Nail Olpak spoke about the activities of the Association MUSIAD.

“In Turkey there are 26 regional development agencies, I manage the agency headquartered in Istanbul. The agency has existed for 24 years. It also operates in 76 cities, being active in 54 countries. The main purpose of the organization is to provide assistance in the development of cooperation between our members, which amount to 7500, with business partners,” – said Mr. Olpak.

He also talked about the geography of MUSIAD missions abroad, saying that on May 17 the Association opens office in Beijing, and there are also plans to open a representative office in Moscow. Nail Olpak turned to Igor Slyunyayev for assistance and support for MUSIAD office opening in the Russian capital, and such assistance was promised.

The Minister of Regional Development was invited to participate in an international business forum to be held in Istanbul on 26 November-3 December this year. Accepting the invitation, Igor Slyunyaev drew attention to the need to participate in this kind of events for broad representation of Russian regions, which develop relations with the Republic of Turkey.

Interregional relations with the Republic of Turkey in various degrees are supported by more than half of Russian regions. By the end of 2013 the most active trade and economic cooperation with Turkey was carried out by Moscow, Krasnodar, Rostov, Lipetsk, Kemerovo, Samara Region, St. Petersburg, Tatarstan and Khakassia.

The main commodities in the structure of Russian exports are mineral fuels, natural gas, oil, petrochemicals and products of their distillation; ferrous metals and articles made thereof; fertilizers; cereals; Aluminium and articles made thereof; fats and oils of animal or vegetable origin; Copper and articles made thereof; ores, slag and ash.

The basis of Turkey’s imports to the Russian regions is: fruits, vegetables and nuts; ground transport, except iron or tramway rolling stock; nuclear reactors, boilers and mechanical appliances; electrical machinery and equipment; Plastics and articles made thereof; garments.

Regulatory framework of the bilateral inter-regional and cross-border cooperation is constantly being improved. Currently there are a number of official documents aimed at the promotion of Russian-Turkish cooperation, including an agreement on the establishment of partnerships between cities, the agreement on trade-economic, scientific, technical and cultural cooperation between the entities and the municipalities of the two countries, an agreement on cooperation in the field of education and other sectors.

Wide range of topics of bilateral cooperation and collaboration discussed at the meeting of the Minister of Regional Development of the Russian Federation Igor Slyunyayev with the Finance Minister of Turkey Mehmet Simsek.

At the meeting it was noted that the active cooperation of Russian and Turkish companies began 20 years ago primarily with small businesses and entrepreneurship, whereas today the mutual interest exists in such major areas as nuclear energy, oil and gas, metallurgy .

“32 billion USD of mutual trade is a good contribution to the treasury of the relationship that we must continue to replenish. The task of representatives of the Russian and Turkish governments is to help expand business contacts and connections. It is the way to improve the quality of people’s lives, the lives of peoples of our countries,” – said Igor Slyunyaev during the meeting.

The Finance Minister of Turkey Mehmet Simsek, in his turn, has paid attention to the amount of Russian investments in the Turkish economy – 900 million USD. “But if some time ago Turkey were only taking investments, today the country itself actively invests abroad – about 3-4 billion USD. Turkish companies would like to be a part of the successful economic processes that are taking place now in the Russian economy,” – he said.

The sides discussed the possibility of cooperation between the Russian and Turkish businesses in the tourism sector, building materials and other fields. Directions for further contacts were outlined.