In order to continue the good business cooperation with Russian institutions, the Directorate for SME Development in cooperation with the Association of Businessmen Leningrad region organized an international conference “Business cooperation opportunities between Montenegro and Russia” which took place June, 7th, 2010.

The conference was opened by Miss Ivana Zecevic, Adviser for competitiveness and exports in the Directorate for SME Development and Ms. Elena Shoda, president of the Association of Businessmen Leningrad region. The conference was attended by representatives of the Ministry of agriculture, Montenegro Business Alliance, Federation of Employers, Chamber of Economy, Artisan-entrepreneurial chambers of Montenegro, Association of Hoteliers of Montenegro and representatives of the Montenegrin and Russian companies.

On the first day of the conference representatives of Russian institutions and companies had the opportunity to be informed on the development and support for small and medium enterprises and business in the territory of Montenegro, the development of activities and participation in joint international projects as well as possible measures of state support to small and medium enterprises.

The purpose of the conference is to initiate and develop opportunities for collaboration and partnership i.e. a merger of Russian regions and associations with associations in Montenegro, with the aim of defining common interests, identifies opportunities for cooperation, and the identification and promotion of projects of cooperation between Russian and Montenegrin companies.

In order to improve cooperation, June 10th 2010th business meetings are organized with 45 participating companies from Montenegro, as well as 30 companies from Russia in the field of agriculture, wood industry, construction, trade and tourism. There were many bilateral meetings between interested companies.

Montenegrin enterprises were given the opportunity to talk with selected Russian entrepreneurs interested in business cooperation.

Event of this kind is a good opportunity for entrepreneurs from the two countries to establish business contacts on the basis of which it is possible to expect contracts, joint ventures, and joint projects. This is also an opportunity to entrepreneurs from the Republic of Russia and meets the conditions for foreign investment and resources in Montenegro.