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Financial Corporation "Sistema"

November 29, 2002

Sistema’s top officials visited Germany

A group of SISTEMA JSFC’ top officials headed by the chairman of the board of directors Vladimir Evtushenkov took part in the presentation of Russia’s Northwest federal district in Germany, which was held from November 19 to November 23 in Berlin, Dusseldorf and Hamburg. The main goal of the presentation was to promote the bilateral economic relations and attract attention of Germany’s business circles to the investment potential of Russia’s Northwest. The delegation of the Northwest federal district was headed by the Russian president’s deputy plenipotentiary Lubov Sovershaeva.

Within the framework of the presentation both sides held a conference on “Germany and Russia’s regions” and a round-table discussion on “Economic potential of the Northwest and outlook for its development”. There were also meetings with Germany’s minister of transportation, building and housing Manfred Stolpe, minister of economics and labor Wolfgang Clement, chairman of the East committee of German economics Klaus Mangold, burgomasters of Dusseldorf and Hamburg.

The Russian side was represented in the events by leaders of all regions of the Northwest federal district ?s well as by Russia’s minister of transportation Sergei Frank, first deputy minister of railways Vladimir Yakunin, deputy minister of economic development and trade Mukhammed Tsykanov and state secretary with the minister of industry, science and technologies Valery Goloshapov.

Klaus Mangold, the chairman of the East committee of German economics, and Victor Cherkesov, the plenipotentiary of Russia’s president, are going to personally patronize about 10 of over 100 investment projects discussed during the presentation events.

 

 

 

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