Italy-Russia Economic News

COOPERATION ITALY - RUSSIA

Berlusconi would open EU doors to president Putin.
After meeting of S.Petersburg and 6 September 2003 at Portorotondo Sardinia EU President. Mr Berlusconi said " The great European union riunified will contain also great Russia and their 150 million citizens".

Blue Stream: megaproject ENI in Russian Federation in cooperation with GasProm, Russian Gas Industry.
The new gas pipeline under the Black Sea shall be the deepest in the word. Russia will expand natural Gas shipping to Italy. The new GasProm/ENI pipeline shall be opened by Presidents Putin/Berlusconi.

300th Anniversary for S.Petersburg.
Italy at honours place with art and technology features.
Dozens of Italian compaines and Italian istitutions reconqune old capital.
Italy strongly partecipated to celebrations in S.Petersburg with 90 events, shows, and art presentations. Italy gifted the illuminations plants of the garden and ingress of Great yard of Ermitage museum.

Fine perspectives for Italian export.
New subscribtions to "Made in Italy" into Russian Province.
Marchegian and Tuscany business men soon to establish in Russia.
Russian market very attract Carrara Marmotec; marble machines and services.

GREAT PROJECTS

Russian Gas to Europe via Baltic Sea.
Ruhrgas-Bers and BIE in a joint-project of $5,7 billion.
Europa will get 19,7 billions of cube meters of gas more within 2008.
The new gas pipeline will be constructed under the Baltic Sea by mayor German energetica Group RuhrGas and European Bank of Invest and will open Gas sales opportunitys in Germany, Danemark, France, Holland, and England.

Nestle invest 120 millions $ in Russia.
$250 millions already invested in eleven alimentar factories.
New plant for coffee production will be opened at Krasnodar.

McDonald's open their 100th retailpoint in Russia.
$250 millions investments by American corporation.
13000 Russian employes, serving 300000 diggers every day.

Bonduelle to build new factory in Russia.
Investing 30 million Euro at Krasnodar south Russian, for production of 60 thousand tous per year of conned mais and beans at the starting phase.

Import beers at the top of the booming aliment sector in Russia.
Carlsberg Scottish & Newcastle, buy shares of Russian Company Baltic Beverage Holding, wich control 75 of all Russian distillers of beer.
In their Brewery in S:PEtersburg they shall can Carlsberg label together with Baltika, the well known Russian label.

RUSSIAN ECONOMY

Industrial production add up 6,3% from 2002.
Metal and food are leading sectors.
Positive trend also for next future machine sector +15,9%.

Foreigner investments expansion near to 24,7%.
1034 billions of foreigner investments during past 3 months.
Industry, Energy, Metals and Food are the more atractive sectors.
Germany 24,5% and Cyprus 12,8% are the top of investors countries attracted by Russian market.

Gold Reserve: Absolute record.
64,9 billions dollars into Russian state Bank.
3,2 billionsdollars only in one week.

CONSUMES

Russian Telecom Market in great expansion.
28 millions of mobile lines within this year.
In 2003 Russian market will top 24 billions dollars.
Russian telecomunications Ministery say that in 2004, 12% of Russian Citizens will be connected to the Internet. Software, hardware, networking and information tek will top 24 billions dollars in 2003. Internet connections volume has expanded over 66% at first quarter 2003.

Metro to forecast great investments in Russia.
150 millions Euro invested by 2000/2003.
Metro net shall expand from 5 to 50 commercial centres in Russian Regions.
German Metro presently own 4 points in Moscow and 1 in S. Petersburg.

Shopping templum of 200000 s.m.
80 millions dollars for a shop in Moscow.
Armani, Versace, Cavalli, Prada at luxury exhibition.
Crocus City Mall this is the name of the shopping centre in Moscow. De luxe Pompei Columns, new gothic arch, romanic structures, grecian capitels, Carrara marble, five restaurants of different countries, 10 bars, one biblioteque, shows with 10 thousands visitors every day from Russian Repubblics and from the world.

Russia run unchained consumes.
Retail sales shall expand 14% by 2003.
Last year Russians spent 160 billions dollars in consumes.
Great commercial networks for consumers goods, also Italians Fiat, ENI, Merloni, Alenia, Candi,Telecom Italy, Alitalia, Banca di Roma, BNL, Unicredit already estabilished

FASHION MARKET

Italians lead Russian fashion market.
Italian luxury articles for the most expensive European town.
Benetton, Gucci, Armani, Valentino, Trussardi at Moscow feel like at home.
Shopping is the favorite hobby for Moscovites even if prices at stars, but Italian luxury fashion articles showed count on 2 millions of rich only in Moscow Region.

Benetton to open 22 new shops by 2003.
Italian corporation already owns 72 points in 33 different Russian Towns.
Next step shall be to expand sales of 25%.
Trade marks United colors of Benetton and Sysley has billed 117 millions dollars in 2002.

Italian fashion for medium-high level.
Every 10 fashion articles sold in Russia one is made in Italy.
Italian position even stronger in knitwear, furs and leather.

SHOES

230 Italian manufactures at Moscow exhibition.
230 Italian manufactures presenting Autumn/winter 2003-2004 shoes and leather models collections Nannini - Italian Logo - leading shoes and leather market to expand their distribution also in Russia. Opening Show-Room in S. Petersburg; inside new commercial center.

Russian shoes market.
In one year topped 4.5 billions dollars, plus 30% comparing to 2001. Italians shoe-makers covering a great percentage. Russia second market for Italian exporter, medium/high quality after Japan.

WHITE ELECTROHOME

Russian market shall increase of 46% in 2003.
Italy coming up first exporter country of electrohouse equipment.
First place for white electro cleaning machines. Merloni invest in Stinol, greatest Russian industry of white electrohome.

FORNITURES

Italian forniture record.
Italian fornitures at the top in russian market plus 32% in 2002. Italian manufactures to control 25% of furnitures and intenns.

CERAMIC TILES

Boom of private building in Russian Federation.
Italy cover almost 35% of import of ceramic good also section of materials for decoration.

Digitronica Nord Computers Russia, 194044, office 526, Business Center Petrovskiy Fort, 4-a Finliandskiy prospect, St.Petersburg, tel./fax: +7(812)332-16-70
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