German Business Stands For Lifting Sanctions Against Russia

German Business Stands For Lifting Sanctions Against Russia

Anton Kobyakov, the Adviser to the President of the Russian Federation has held a meeting in Moscow with the Director General of the German Association for Small and Medium-sized Businesses (BVMW) Markus Jerger. The parties reviewed the current cooperation issues and considered the potential for further partnership during the forthcoming St. Petersburg International Economic Forum and the IV Russian Small and Medium-sized Enterprises Forum. Representatives of German business, members of the Association, will participate in the SPIEF, and a Russia – Germany Business Dialogue session will be organized.

“Small and medium-sized business is regarded as a technological development driver for any country. The German example shows how essential the entrepreneurial activity is for ensuring economic growth. I am confident that this development direction is worth supporting. For this very reason at the signature international economic event in St. Petersburg we will hold a series of meetings with the participation of German entrepreneurs and industry experts. Together we will certainly find those growth areas where the world economy can sprout from”, emphasized Adviser to the President of the Russian Federation Anton Kobyakov.

The Roscongress Foundation and the Association for Small and Medium-sized Businesses (BVMW) intend to sign an agreement at the SPIEF 2018. The parties are set to develop cooperation along the lines of technological exchange between Russia and Germany, supporting small and medium-sized enterprises that start import at each other’s markets, as well as attracting German investments to Russian small and medium-sized business.

“Many German companies historically have good contacts with Russia. Our Association stands for lifting anti-Russian sanctions as this stagnates the economic development of both countries. We hope for an early resolution of political issues and further strengthening the economic ties between Russia and Germany. I am confident that for the members of our Association the participation in SPIEF 2018 will re-invigorate the cooperation with Russian business,” stressed Markus Jerger.

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Association for Small and Medium-sized Businesses (BVMW) consolidates seven hundred thousand companies with more than 14 million employees and has more than 300 offices in Germany and 40 representative offices around the world. The aggregate GDP of the member companies is over 900 billion US dollars. Over the past decades, this organization has become an important and reliable partner for entrepreneurs and statesmen in all significant economic and political issues. The Association was founded in 1975.

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