Dec 10, 2012

All-European Economy

On Thursday, a number of Russian and French companies signed cooperation agreements. A package of documents was signed by the results of the meeting of the Russian-French Intergovernmental Committee headed by the Prime-Ministers of the two countries. 

Among other agreements the Russian and French companies signed a memorandum on Investments of Corporation “Uralvagonzavod” and French company “Sambre et Meuse” recently passed under the “Uralvagonzavod” control.

Vladimir Putin and François Fillon, the heads of governments of the two countries signed the summary document of the Committee meeting.

Mr. Putin remarked that the cooperation of Russia and France in trade, economy and investments gradually overcomes the effect of the global depression, and pronounced positive dynamics is observed. By the results of nine months of the current year the cross turnover has grown by approximately 40% and totals $ 17 bln. It means that by the index we are approaching the pre-depression level of 2008, said the Russian Prime-Minister.

In his opinion, the tendency should be consolidated by development of the cooperation of the key sectors of the national economies in the first place.

The effective means to achieve the goals, said Vladimir Putin, is cross capitalization. The way has already been chosen by a number of companies of the two countries. It deems necessary to increase their number by establishment of new business alliances, in the aerospace industry, in car industry, and other sectors in particular, emphasizeвthe head of the RF Government.