Trade turnover between Moscow, Bavaria reaches pre-crisis level.

7/7 Tass 246

MOSCOW, July 7 (Itar-Tass) — Trade turnover between Moscow and Bavaria has reached the pre-crisis level and now it stands at 10 billion dollars, the head of the city’s department of foreign economic and international ties, Sergei Cheremin, said on Thursday.

“Moscow-Bavaria relations are 20 years old. During this time the two sides have inked 50 agreements, which are a reliable legal basis for cooperation. Bavarian enterprises eagerly open their offices in Moscow,” Cheremin said during the Days of the Bavarian Economy festival in Moscow, being held on July 5-8.

He recalled that one in two German enterprises doing business in Moscow was Bavarian.

“Muscovites very well know such brands as Adidas, Puma, BMW and Audi. All of these are Bavarian companies. They have created more than 25,000 jobs, and it is a great pleasure to say that we have completely restored the pre-crisis level of trade turnover. Now it totals more than 10 billion dollars,” Cheremin said.

Moscow will analyze Bavaria’s experience in upgrading healthcare, transport infrastructures, and modern anti-traffic jam systems.

“Bavaria is one of Germany’s leading hightech federal lands, and our traditional economics festivals in Moscow and Bavaria underscore the degree to which we need each other,” he said. “Whereas today we mainly ask our German counterparts to share experience, a number of joint products, including an intellectual transport system, may be used in Germany.”

He added that the hitech cooperation, a symbiosis of Russian and Bavarian companies, might produce remarkable innovative solutions, which may be in great demand not only in Russia and Germany, but also in third countries.

Cooperation between Moscow and Bavaria has lasted for decades. About 20 years have passed since the inking of the first agreement on partnership and cooperation.

Moscow and Bavarian authorities in April signed a memorandum on friendship and cooperation and they have plans for signing a full-fledged programme in this sphere in October.

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