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Friday, March 16, 2007

 

Cebu to penetrate Russian real estate boom


CEBU City: An official of the Russian nongovernmental organization (NGO) Eastern Dimension International Public Movement (EDIPM) has urged Cebu’s furniture exporters to take advantage of the booming real-estate industry of Russia.

Vladimir Ivanovich Suk­harev, EDIPM vice-president, said a boom in Russia’s housing industry would redound to a huge demand for “custom-designed, high quality furniture pieces.”

“All of these are met by Cebu’s furniture manufacturers and exporters,” Sukharev said during the recent signing of the memorandum of understanding (MOU) between EDIPM and the Cebu Chamber of Commerce and Industry (CCCI) at the Casino Español de Cebu in this city.

EDIPM is an NGO tasked with the expansion of Russia-Asean dialogue to improve collaboration in commerce and investments, and in scientific, technical and cultural areas.

The MOU stipulates that the tie forged between CCCI and EDIPM will initiate and develop bilateral actions of cooperation that aims to strengthen trade and economic relations between Cebu and the Russian Federation.

In addition, it encourages businessmen in Cebu and Russia to participate in exhibitions and fairs held within their respective regions.

Allan Suarez, Philippine Exporters Confederation-Cebu (Philexport Cebu) chairman, said the MOU may come as an “answered prayer” since local furniture exporters are targeting Europe as its new market.

In the human resource sector, Sergey Proshin, vice-president of Intertrading, an independent nonprofit organization, said the Philippines’ pool of “high-level” technicians is of great demand in Russia, in addition to nursing professionals.

Earning the reputation of being “hardworking and competent people,” Filipinos have a good chance to work in Russia and earn high pay, Sergey Kalashnikov, head of the Department of Social Development and Environment Protection of the Russian Federation said earlier.

Kalashnikov also said Russia’s economic boom that increased its citizen’s capability to invest and travel abroad might trickle down to Cebu’s tourism industry, as Russians will likely visit the province’s world-class beach resorts.

In line with these developments, Sukharev said, the Russian Federation is planning to establish an association of Russian businessmen in the Philippines that will be “working on permanent basis” to ensure that all the objectives of the MOU are followed.

A second Russian delegation will visit Cebu within the year to meet with financial business leaders in the province.

The 54-member trade and investment mission from Russia composed of businessmen, industrialists and government officials, arrived in Cebu on Tuesday.

The mission, led by Mikhail Nikolaev, deputy chairman of the Council of Federation of the Federal Assembly of the Russian Federation, is the first of its size visiting the Philippines since the founding of the Russian Federation in 1992.
--Panay news

   
 

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Severino O. Frayna Jr., Benjie Dela Rosa
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