Agreement on bases in Syria to serve strengthening of stability in Middle East — MPRussian Politics & Diplomacy January 20, 21:18
Trump's inaugural address: When America is united, America is totally unstoppableWorld January 20, 20:57
Hermitage chief: New Palmyra destruction comes across as militants' vengeanceRussian Politics & Diplomacy January 20, 20:29
Russia's first deputy PM wants to keep current tax system for next political cycleBusiness & Economy January 20, 19:53
Russia’s Shipulin clinches gold in 20km individual race of IBU World Cup stage in ItalySport January 20, 19:18
Prominent Russian adventurer Konyukhov to take samples from Mariana Trench floorSociety & Culture January 20, 19:15
Gazprom CEO says North Stream-2 pipeline proves relevanceBusiness & Economy January 20, 19:10
More survivors found in avalanche-hit Italian hotel — mediaWorld January 20, 18:48
Donald Trump takes office as 45th US PresidentWorld January 20, 18:21
TRIESTE, November 26./ITAR-TASS/. Trade turnover between Russia and Italy is growing at a record-breaking pace and might reach 50 billion U.S. dollar in 2013, Russian President Vladimir Putin told a news conference on Tuesday after the Russian-Italian interstate consultations.
“Italy ranks fourth among Russia’s biggest trade partners,” he said. “Bilateral trade is growing at a record-breaking pace (24 percent). We hope to exceed a threshold of 50 billion U.S. dollars in 2013. These figures mean jobs.”
The two countries are developing investment cooperation. “Russian investments in Italy have increased four-fold in the past four years to reach 500 million U.S. dollars. Italian investments in Russia amount to one billion U.S. dollars. The memorandum between the Russian Direct Investment Fund and Italy’s Strategic Fund signed during the visit opens new possibilities for increasing mutual capital flows. The memorandum provides for mutual investments of 1.4 billion U.S. dollars,” Putin noted.
Russia and its Italian partners see it as their goal to unfold large-scale industrial cooperation.