ID :
89108
Wed, 11/11/2009 - 17:27
Auther :

Russian premier, Austrian Chancellor to discuss bilateral relations

.

MOSCOW, November 11 (Itar-Tass) - Russian Prime Minister Vladimir
Putin is expected to hold talks Wednesday with Austria's Federal
Chancellor Werner Faymann, currently making a working visit to Russia.
The sides plan to review a broad spectrum of aspects of bilateral
relations, with emphasis on developing bilateral trade, cooperation in the
energy sector and transport, and mutual investment, the Russian government'
s press service said.
The press release notes the steadiness and stability of
Russian-Austrian relations, which show positive dynamics and are marked by
an intensive political dialogue at the top state and governmental level.
Last year, Russian-Austrian trade totaled $ 5.4 billion. Along with
it, supplies of Russian natural gas grew to the point of meeting 90% of
Austria's demand for this fuel.
Trade volumes slightly shrank from January through August 2009 under
the impact of global financial and economic crisis, and in the wake of it
Putin and Faymann are expected to pay special attention to the stimuli for
and diversification of trade through an increase of the share of products
of machine-building and other high-tech industries.
Also, they will consider support to large joint projects in the
industrial sector, transport, the construction industry, and
telecommunications, the press service said.

.Russian premier, Austrian Chancellor to discuss bilateral relations.

MOSCOW, November 11 (Itar-Tass) - Russian Prime Minister Vladimir
Putin is expected to hold talks Wednesday with Austria's Federal
Chancellor Werner Faymann, currently making a working visit to Russia.
The sides plan to review a broad spectrum of aspects of bilateral
relations, with emphasis on developing bilateral trade, cooperation in the
energy sector and transport, and mutual investment, the Russian government'
s press service said.
The press release notes the steadiness and stability of
Russian-Austrian relations, which show positive dynamics and are marked by
an intensive political dialogue at the top state and governmental level.
Last year, Russian-Austrian trade totaled $ 5.4 billion. Along with
it, supplies of Russian natural gas grew to the point of meeting 90% of
Austria's demand for this fuel.
Trade volumes slightly shrank from January through August 2009 under
the impact of global financial and economic crisis, and in the wake of it
Putin and Faymann are expected to pay special attention to the stimuli for
and diversification of trade through an increase of the share of products
of machine-building and other high-tech industries.
Also, they will consider support to large joint projects in the
industrial sector, transport, the construction industry, and
telecommunications, the press service said.
The sides plan expanding the span of activity of the Intergovernmental
Commission for Trade and Economic Cooperation that will hold a regular
session next spring in Russia.
The Russian-Austrian Business Council, set up in 2008, is doing active
work, too. It unites business executives from the two countries and sets
itself the goal of facilitating bilateral business relations in new areas,
including sizable investment projects in innovative and research-intensive
sphere of industry.
A total of 110 Russian and Austrian companies take part in the
Business Council's activity.
In spite of the ongoing economic crisis, Austrian companies continue
investing in Russia on a big enough scale. While in 2008 the accumulated
investment stood at $ 3.9 billion, its size in the first half of this year
was $ 3.67 billion.
Currently, over 1,200 Austrian companies work on the Russian market
and 150 of them have offices in this country. The most recognizable brand
names are Siemens FAI /machine-building/, Mondi /paper & packaging/,
Kronospan /wood-based panel manufacturer/, EGGER /timber, paper & pulp/,
Wienerberger /brick and roofing materials production/, and Strabag
/construction industry/.
Austria occupies the twelfth position on list of foreign investors in
the Russian economy, and most of the monies have been invested in
transport and energy, the governmental press service said.
The sides are currently scrutinizing the project of a
575-kilometers-long railway line from Kosice in Slovakia to Vienna via
Bratislava. The tracks on that line will have the width of 1,520
millimeters, which is the standard for Russia, all other former Soviet
republics, and some countries of Europe and Asia.
Commissioning of that railway will help connect the rail networks of
Central Europe and East Asia via Russia, increase the haulage of cargoes
and making railway haulage more competitive compared to sea and automobile
haulage.
Putin and Faymann are expected to look at the prospects for expansion
of cooperation in the fuels and energy sector, considering Austria's
interest in the South Stream gas pipeline project, which is called upon to
bolster Europe's energy security and reduce the risks of land-surface
transits.
In this connection, Putin and Faymann are expected to discuss the
progress of work on a draft intergovernmental agreement on building the
Austrian section of the pipeline.

.New round of consultation on South Caucasus to be held in Geneva.

GENEVA, November 10 (Itar-Tass) - Another round of discussions on
ensuring security and stability in South Caucasus is due to be held in
Geneva Wednesday.
The consultations held under the auspices of the UN, the European
Union and the Organization for Security and Cooperation in Europe /OSCE/
involve delegations of the Republic of Abkhazia, Republic of South
Ossetia, Georgia, Russia, and the U.S.
Discussions will be conducted in the format of two working groups, one
focusing on the problems of security and the other, on humanitarian issues.
It is expected that the parties to the consultations will continue
examining an unofficial document on the non-use of force that was
submitted to them in September.
Agreement was reached then suggesting that co-chairmen of the
conference would finalize the document so that the basic elements of
concord could be obtained from all the parties.
The Geneva meetings were launched in October 2008 at the initiative of
Presidents Dmitry Medvedev of Russia and Nicolas Sarkozy of France, who
arranged the consultations after Georgia's aggression against South
Ossetia and the peace enforcement operation that Russia was compelled to
effectuate.
The Russian delegation is led by Deputy Foreign Minister Grigory
Karassin.
South Ossetia is represented by the presidential envoy for the
post-conflict settlement, Boris Chochiyev, Abkhazia, by the presidential
advisor on international relations, Vyacheslav Chirikba, and Georgia, by
Deputy Foreign Minister Georgy Bokeria.
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