Booming Russian Economy Draws German Firms Eastward
Despite talk of deteriorating political relations, the Russian market is becoming increasingly important for Germany's economy. A new chamber of foreign trade has been set up to help German firms get started in Russia. Profits resulting from commerce between the two countries rose by over 30 percent in 2006, making Russia Germany's biggest trade partner in eastern Europe. Today, some 4,600 German companies have set up shop between Kaliningrad in western Russia and Vladivostok in Siberia, according to counts by the chambers of commerce.
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