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Slovenia Business Week no. 14: CCIS Opening Trade Office in Central Russia

The Chamber of Commerce and Industry of Slovenia (CCIS) announced it would join a consortium of six Slovenian companies in opening a trade office in the Russian city of Ekaterinburg in May this year

The Chamber of Commerce and Industry of Slovenia (CCIS) announced on Thursday, 5 April it would join a consortium of six Slovenian companies in opening a trade office in the Russian city of Ekaterinburg in May this year.

"One of our goals is dispersing Slovenian exports and international cooperation, with Russia still being an extremely big and not fully utilised opportunity for Slovenia's economy," CCIS president Samo Hribar Milic said at the signing of the agreement between the CCIS and the consortium.

Hribar Milic believes that the office could help Slovenia's trade with Russia reach around EUR 2bn in the coming years - double what it is now.

The consortium is comprised of civil engineering company Riko, logistics company Intereuropa, chemical company Pocinkovalnica, power engineering company Korona, metal products manufacturer Mines IB and Impacto.

"We will not achieve EUR 2bn in trade by only operating in Moscow and Saint Petersburg. We need to disperse and also cover other regions in this big country," Riko general manager Janez Skrabec said.

The head of the office Esad Ajeti said that Slovenian companies have shown great interest in cooperating with Russia. Around 70 Slovenian companies already have offices in Russia, but they are concentrated in Moscow, which has prompted the CCIS to decide for a different region.

Ekaterinburg has a population of 1.5m, while its location in the central part of Russia gives the office the possibility to also cover Western and Central Siberia, the south of Russia and neighbouring Kazakhstan.

Source: Slovenian Press Agency STA

Author: STA, Slovenian National Press Agency