July 12, 2007

The European Union and Russia

Representatives from the European Union and Russia will hold talks next week in order to strengthen their economic cooperation.

At present Russia is the third European economic partner and the exports proceeding from Europe to Russia amount to a total of 99 billions, for the 2000 – 2006 period, while European imports from Russia reached for the same time period 193 billion dollars.

The European economy has shown signs of a healthy recovery its GNP registered last year a 3.1% increase. During the first trimester the economy demonstrated a 0.7% increase in relation to the trimester before that, and a 3.1% increase in relation to the same trimester of 2006.

Is good to know that the world economy will not fall apart in spite of our lagging contribution.