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Russian trade minister to attend session of Russian, Slovak business councils

May 05, 2015, 7:48 UTC+3 BRATISLAVA

In 2014, Russian-Slovak trade shrank 14.2% compared with 2013 and totaled $ 8.05 billion

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BRATISLAVA, May 5. /TASS/. Russian Minister of Industry and Trade Denis Manturov is expected to chair an expanded session of Russian and Slovak business councils here on Tuesday.

On Wednesday, May 6, he will chair the 17th session of the inter-parliamentary commission for cooperation in trade and technologies, Irina Khvorostyanaya, a spokeswoman for the Ministry of Industry and Trade told TASS.

"The talks in Slovakia will embrace all the key aspects of and guidelines for cooperation between the two countries, the search for partners for new projects, and new stimulatory mechanisms of collaboration," she said.

"The sides will examine joint projects in railway mechanical engineering and car manufacturing, as well as a number of issues related to cooperation in defence manufacturing

Denis Manturov’s official programme begins with a ceremony where flowers will be laid to a monument to the Red Army soldiers who died during the liberation of Slovakia from Nazi enslavement in 1945. The monument is located at a memorial cemetery on Mount Slavin in Bratislava.

On Wednesday, Manturov will be received by Prime Minister Robert Fico. Later on the same day, he will have talks with the co-chairman of the intergovernmental commission on the Slovak side, Deputy Prime Minister L’ubomir Vazny and Defence Minister Martin Glvac.

In 2014, Russian-Slovak trade shrank 14.2% compared with 2013 and totaled $ 8.05 billion. More specifically, exports to Russia went down 11.3% to $ 5.2 billion and imports from there dropped 19% to $ 2.8 billion.

Russia’s trade surplus came to about $ 2.3 billion.

The reduction of exports to Russia came about as a result of a sharp fall of purchases of foodstuffs (by 21.98%), timber and pulp/paper products (by 39.4%), textiles (by 15.8%), as well as machines and equipment (by 13.2%).

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