NEW WAY TO ALGERIA

The Chamber of Commerce and Industry of Russian Federation saw organizational meeting of the Russian-Algerian Business Council. Oleg Sienko, CEO of OJSC «RESEARCH AND PRODUCTION CORPORATION

«URALVAGONZAVOD», has been unanimously elected chairman for the Russian part of the Council. Georgi Petrov, RF CCI Vice President, Smail Chergui, Ambassador of the People’s Democratic Republic of Algeria to the Russian Federation, Tatiana Gvilava, Director of the Russian-Arab Business Council have spoken at the meeting and they have noticed that

Oleg Sienko has excellent business qualities and managerial skills, the company that he runs is efficient. They are looking forward to development of mutually beneficial cooperation between Russian and Algerian companies. Oleg Sienko in his turn thanked the audience for their confidence and outlined the main areas of activity for the Russian-Algerian Business Council in 2013. Close cooperation of the Council and the Intergovernmental Commission on Trade-Economic and Scientific and Technological Cooperation would be of high priority.

Alexander Novak, Minister of Energy of the Russian Federation co-chairs the Commission on behalf of Russia. Moreover, Sienko mentioned that the two countries have a high cooperation level in military technical and energy areas. Oleg Sienko set the same level as a goal for other economic sectors, machine-building industry in particular. Program for the Council for the upcoming year was also approved at the meeting. Such major events as International oil and gas exhibition at Hassi Messaoud, 11th session of Russian-Arab

Business Council and international Arabia-EXPO exhibition are in the program among others. Russian-Arab Business Council was established in March 2006 within a framework of Strategic partnership declaration that was signed by the heads of the states in 2001. The major tasks of the Council are providing assistance in establishing business contacts between businessmen in the two countries, informational base extending, investment growth, joint ventures establishing. Largest Russian companies such as Gazprom, Rosneft, Stroitransgaz, Rostechnologii are in the Council.