Minister E. Nabiullina met with the delegation of business circles of Germany

A meeting of the Minister E.Nabiullina with German business leaders on the topic "Modern private business in Russia, the aims and objectives of privatization at the modern stage", organized by the Eastern Committee of German Economy was held on March 30, 2010.

The meeting is a continuation of ongoing activities of the Russian Economic Development Ministry in order to submit to a wide range of potential investors (including the foreign ones) of the plans of the Russian Federation on the Federal property privatization.

The meeting discussed the use of the positive experience of privatization in Germany and Eastern Europe. E. Nabiullina also informed the German participants of the meeting about the plans of the Russian Government on privatization of Federal property and its interest in expanding mutually beneficial contacts with German business leaders to attract investment into the Russian economy.

Following the meeting, the agreements were reached on the continuation of such meetings in Russia and Germany. In particular, the German side proposed to hold a presentation of about 100-120 stock companies included in the program of privatization of Federal property in 2010, in order to attract the attention of German entrepreneurs of mainly small and medium businesses to purchase shares of these companies.

On the Russian side the event was attended by A. Levitskaya, Deputy Minister of Economic Development of the Russian Federation, A. Uvarov, Director  of Property Relations Department of Economic Development Ministry of Russia, U. Petrov, Head of the Federal Agency for Management of State Property,  representatives of ministries and departments, as well as Russian business and public corporations (Sberbank of Russia,VTB Bank , the  Russian Technologies state corporation, the State Corporation Vnesheconombank and other).

Officials from the German side were Walter Jurgen Schmid, the Ambassador of the Federal Republic of Germany in the Russian Federation, Klaus Mangold, chairman of the Eastern Committee of German Economy, Henry Cordes, director of the Federal Ministry of Finance of Germany as well as representatives of large multinational companies (Ernst & Young, KPMG, Deutsche Bank, Commerzbank AG, etc.).