Nizhny Novgorod region Governor meets Consul of Ethiopia to Russia

Nizhny Novgorod Governor Valery Shantsev had a meeting with the consul of the Republic of Ethiopia to Russia, Kasahun Dender Melese, on Tuesday, July 1. The parties agreed to cooperate.

"In 2013, the foreign trade turnover between the Nizhny Novgorod region and Ethiopia made up USD 288,000. The entire turnover - 100 percent - falls for exports," said Valery Shantsev during the talks with the Ethiopian diplomat.

"The turnover is insignificant yet - one needs to expand cooperation. I know that you have an busy program of your visit - a roundtable meeting with representatives of the business sector, the discussion of education issues with rectors of our universities, a visit to the GAZ factory. Following the results of the visit, I am sure there will be opportunities to expand our cooperation," the head of the Russian region said.

Kasahun Dender Melese said in turn that Ethiopia was planning to establish an honorary representative office in the Nizhny Novgorod region.

Valery Shantsev offered Ethiopia to participate in the international business summit to be held in September this year in the Nizhny Novgorod region.

The African republic in Russia intends to deliver coffee beans and flowers to Russia. At the same time, Nizhny Novgorod business has an opportunity to invest in the Ethiopian agriculture, electro-mechanical technology and railway infrastructure.

On September 10-12, 2014, the Nizhny Novgorod region will host the Third International Business Summit 2014. The summit is organized by the Government of the Nizhny Novgorod region, with the support of the Government of the Russian Federation. As the head of the region Valery Shantsev noted, this year, the forum will focus primarily on discussions of major investment projects, including the construction of a high-speed railroad.