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Berlin trade fair sees Russian investment deals nearly halving this year — minister

January 16, 2015, 19:28 UTC+3 BERLIN
According to the Russian Agriculture Minister, some 14 agreements worth €102 million were expected to be signed in Berlin during “Grüne Woche”, or Green Week, the world's biggest agricultural fair
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© EPA/BRITTA PEDERSEN

BERLIN, January 16. /TASS/. Total volume of Russian investment contracts due to be signed at this year's international trade fair in Berlin will slightly be a half of what was signed here last year, Russian Agriculture Minister Nikolay Fyodorov said on Friday.

Speaking at the opening ceremony in the German capital, Fyodorov said some 14 agreements worth €102 million — nearly half of the volume seen last year — were expected to be signed during “Grüne Woche”, or Green Week, the world's biggest agricultural fair luring some 400,000 visitors each January.

In 2014, a Russian delegation signed contracts on various projects worth €200 million, Fyodorov told journalists after last year’s event.

One of the biggest projects this year would be signing of an agreement to build two plants producing canned and frozen fruit and vegetables alongside processed tomato products in Russia’s Rostov region, the minister said. The project worth €80 million is being implemented by Russian Semikarakorsk Canning Plant in Rostov and Italian company Zanichelli Meccanica S.p.A.

The most unusual contract is an agreement between Russian enterprise Yamalskiye Oleni (Yamal Reindeers) and Finnish company Polarica OY to supply venison to the European market, Fyodorov added.

Green Week gathered for its 80th year on Friday, rated a one-of-a-kind international exhibition for the food, agriculture and horticulture industries and expected to present Russia as one of the biggest participants, occupying around 3,600 square meters of floor space.

Russia is represented by 15 regions and 170 companies, Fyodorov said.

A Russian Agriculture Ministry delegation is also expected to join an agriculture ministers’ and global food and agriculture forum staged as part of the fair.

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