Friday, 31 May 2019

Trade Mission to Serbia & Russia


Trade Mission to Serbia & Russia

Athens, 30 May 2019 | Enterprise Greece, in cooperation with the Belgrade and Moscow Economic and Commercial Affairs Offices of the local Greek embassies, this month led a trade mission to Serbia and Russia for companies in the building materials industry, arranging 160 B2B meetings with 35 Serbian and 20 Russian companies.

Meetings started on May 27 in Belgrade and were completed on May 29 in Moscow.

The 10 Greek companies participating in the business delegation are mainly in the fields of marble, granite, aluminum, wire and steel processing, innovative insulating products and general building and construction materials. Targeted business meetings enable companies to explore opportunities in new markets, as well as broaden their contacts in markets where they are already present.

The markets of Serbia and Russia are of particular interest for the building materials industry. According to the Greek embassy’s commercial affairs office in Belgrade, housing construction in Serbia is on the rise as active projects reach record levels, while new projects are planned, including the massive re-development of the Belgrade waterfront. This project, a joint venture of the investment funds of the Republic of Serbia and Abu Dhabi, involves large-scale restructuring of the Sava River walls, and about 80 hectares of building projects exceeding €3 billion in value.

In Russia, according to the Greek embassy’s commercial affairs office in Moscow, there is a growing demand for both residential and commercial construction projects as the country emerges from recession. The Russian government has set as one of its priorities the construction of new housing infrastructure and the upgrading of existing housing over the next five years. These projects will be financed and implemented by Russia’s regional governments, which should serve as the point of contact for Greek companies interested in participating in these projects.