Turin wants to stimulate business with Russia

According to the mayor of the Italian city of Turin Chiara Appendino the city is willing to create conditions to stimulate business with Russia
Turin wants to stimulate business with Russia
18 November 16:22 2016 Print This Article

“There is a need to build stronger relations with Russia and a will of the city [Turin] to create business conditions for both Russian and Italian companies,” the mayor of the Italian city of Turin Chiara Appendino said advocating the abolition of the anti-Russian sanctions at the III Russian-Italian seminar “the Art of innovation” held in the capital of the Piedmont region on Friday.

She also recalled that her party, the Five Star Movement (M5S), has always been supporting the abolition of the sanctions. The city of Turin is interested in attracting Russian tourists, Chiara Appendino said.

According to the Association Conoscere Eurasia, which elaborated the ISTAT (Italian national statistics agency) data, Turin exports to Russia haven’t experienced excessive drops with goods sold for almost EUR100 million in the first six months of 2016 (-0.9% over the same period in 2015). Representing over 40% of total Italian exports to Russia, the Piedmont region sold goods worth EUR227 mln to Moscow (-6% over 2015).

A one-day Russian-Italian seminar was designed to promote economic cooperation between the two countries, in particular in the field of innovation. There is a huge demand in advanced technologies in Russia, according to the president of the Association Conocsere Eurasia and Banca Intesa Russia Antonio Fallico. Representatives of such Italian giants as Finmeccanica, Thales Alenia Space, Fiat Chrysler took part in discussions during several sections of the seminar dedicated to automotive and space industries.

The Russian-Italian seminar “the Art of innovation” was organized by Association Conoscere Eurasia, a non-profit organization based in Verona, Italy, St. Petersburg International Economic Forum, the Roscongress Foundation, the city administration of Turin in collaboration with Intesa Sanpaolo, Banca Intesa Russia, and Studio Legale Gianni, Origoni, Grippo, Capelli & Partners.

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