Business Opportunities ROMANIA - RUSSIA
 
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Economic relations between Romania and Russia
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At the end of 2012, bilateral trade between Romania and the Russian Federation stood at USD 4.422 billion dollars (up 1,8% from 2011).
Romanian imports from Russia stood at USD 3070,8 million (up 4,9% from 2011), while the value of exports was 1351,3 million (down 4,6% from 2011).
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18-19 April 2013, in Bucharest took place the XI annual session of the Intergovernmental Commission for Economic and Technical - Scientific Cooperation between Romania and Russia. The Commission was co-chaired by the Minister of Economy Varujan Vosganian and the head of the Federal Agency for Commonwealth of Independent States Affairs, Compatriots Abroad and International Humanitarian Cooperation (Rossotrudnichestvo), Konstantin Kosachev.
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On this occasion, the head of Rossotrudnichestvo was received by the Prime Minister of Romania, Victor Ponta, and met with the Minister of Economy, Varujan Vosganian, with the Minister for Energy, Constantin Nita and with members of the two Chambers of the of Romanian Parliament.
The agenda of the XI annual session of the Commission included a plenary session and working groups on trade and investment, energy industry, scientific research and agriculture.
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Both parties expressed their willingness to boost bilateral cooperation in the economic and scientific fields.
The meeting concluded with the signing of the Protocol of the XI annual session of the Intergovernmental Commission for Economic and Technical - Scientific Cooperation between Romania and Russia.
The parties agreed that the XII Session of the Commission is to be held in Moscow in 2014.
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Source: http://moscova.mae.ro/en/node/395
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RUSSIAN MULTINATIONALS IN ROMANIA AND THEIR
IMPACT UPON THE ROMANIAN ECONOMY
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A brief review of the business conducted by the Russian multinationals in Romania leads us to the conclusion that these economic giants started, at the beginning of 2012, to control the aluminum industry, much of the metal and iron and steel industry, two refineries and a quarter of the fuel market. Therefore, despite the lack of relevant statistical data that reflect precisely this phenomenon, the impact of Russian multinationals on the Romanian economy is huge.
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Although they emerged relatively recent on the world economy scene, on overview of the magnitude and the outstanding growing trend of Russian
multinationals proved that they are becoming redoubtable competitors within the global business environment.
The overwhelming economic force of these top companies allows them even to shape the growth pattern of their home country. The list of the largest multinationals from Russia showed that corporations from oil & gas and metallurgical sector are prevailing, as a consequence of the resource – based character of the Russian economy.
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Source: http://upet.ro/annals/economics/pdf/2012/part1/Dura-Driga.pdf
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