A step forward in Malta-Russia business relationships

Recently, a delegation from the Chamber of Commerce and Industry of the Russian Federation (CCIR) arrived in Malta, together with Sergei Katyrin, president of CCIR, and Heads of several regional chambers.

The delegation held several meetings with Minister of Foreign Affairs Dr George Vella and Minister for the Economy, Investment and Small Business Dr Chris Cardona, as well as with other Maltese entities: Malta Enterprise, Malta Tourism Authority, Finance Malta, and Transport Malta.

A memorandum of understanding was signed between the Russian and Maltese Chambers of Commerce and Industry and is intended to pave the way for the development and enhancement of international trade ties. The signing ceremony was followed by the official inauguration of the honorary representative of the Chamber of Commerce and Industry in Malta whose role will be to facilitate the collaboration of businesses in the respective countries. In fact, the CCIR pro- motes the growth of the Russian economy and its integration into the world economic system and provides favourable conditions for the advancement of all business sectors.

The Executive Director of UGroup (Malta) Ltd, Anastasia Budykho has been appointed Malta’s representative for the Russian Chamber of Commerce and Industry (CCIR).

The CCIR, a non-governmental and non-profit organisation, is a member of the World Chambers Federation, the Association of European Chambers of Commerce and Industry (Eurochambers), among others.

One of its objectives is to foster good business practices and encourage business growth and represents the interests of small, medium and big business and encompasses all business sectors – manufacturing, domestic and foreign trade, agriculture, the finance system and services.

The presence of the CCI in Malta augurs well for the enhancement of business between Russia and Malta.

www.tpprf-mt.eu

Anastasia Budykho