V Annual International Macroeconomic Seminar

A delegation of the Embassy of Grenada composed of the Ambassador and the First Secretary, participated in the V International Macroeconomic Seminar

On November 23, the V International Macroeconomic Seminar “Can Coordinated Macroeconomic Policy Help to Avoid Trade Confrontations and Wars?”, Organized by the Eurasian Economic Commission (EEC) together with the UN Conference on Trade and Development (UNCTAD) and the Interstate Bank.

Welcoming words to the participants and guests of the seminar were addressed by the Member of the Board (Minister) of the EEC on integration and macroeconomics, Tatiana Valovaya and President of the Interstate Bank Igor Suvorov.

Igor Paunovich, head of the UNCTAD Globalization and Development Strategies Division, made a presentation on the trade and development report in 2018. He stressed that 10 years after the 2008 crisis, the situation in the global economy had not changed much. “Trade wars are a symptom of a deeper economic illness. Substantial changes are necessary in view of the redistribution of resources and capital to labor,” said Mr. Paunovich.

Gabriel Di Bella, Resident Representative of the IMF, presented the “Overview of Global Trends and the Economy of the Russian Federation – 2018”. He noted that the macroeconomic situation in Russia is now stable, but the country is subject to geopolitical pressure and that in the Russian Federation an economic growth of 1.5-1.8% is predicted for the year. The report also said that the current trade wars add tension to the markets, and if they are not stopped, this will be a significant blow to the entire global economy.

A video report from Bangkok heard a report from Mia Mikis, heads of the ESCAP Trade, Investment and Innovation Division. She spoke about trade and investment in the Asia-Pacific region in 2018. Mia Mikis said: “Russia and Kazakhstan received the most direct foreign investment in new projects among the states of Central and North Asia. They amounted to 7% and 3%, respectively, of all foreign direct investment in new projects in the Asia-Pacific region.”

Also, representatives of the UN Economic Commission for Africa – Shamnaaz Sufrah and Batanay Chikven made a video presentation on the presentation of the “African continental free trade zone”. They stressed that the integrated pan-African market will take effect from 2019 and this will attract large investments from outside the region and minimize migration flows.

Further reports were presented by Steward Lawson, EY Senior Advisor on servicing financial institutions and participation in government projects in Russia and the CIS, Violetta Tayar from the Institute of Latin American Studies, Russian Academy of Sciences and Art Franchek from the American Chamber of Commerce.

The general theme of the presentations was devoted to economic relations and trade policies of countries in the context of sanctions.

“The countries of Latin America did not join the sanctions imposed by the West against Russia in 2014-2016, which allowed to intensify trade, economic and investment cooperation with the region of Latin America. The anti-sanction policy has a limited policy; it is extremely difficult to protect oneself from financial and other consequences,” said Ms. Tayar.

Steward Lawson in his report noted that sanctions affect the cost structure, efficiency of banks and introduce uncertainty, and Art Franchek said that the commodity market began to decline and, as he suggests, this will be the most important issue at the next G20 meeting.

At the end of the seminar, a report was made by the Deputy Department of Macroeconomic Policy of the EEC S. Urustemova: “EAEU – Current macroeconomic trends and challenges.”

Mr. Urustemov said that the quality of macroeconomic policy is improving in the EAEU, there is an increase in the correlation of macroeconomic indicators, inflationary processes are being synchronized.

“In September 2018, for the first time since 2012, inflation in all countries of the EAEU was below the level established by the EAEU Treaty,” said Mr. Urustemov. He also highlighted the following risks for the EEU countries: the growth of protectionism, the tightening of the global financial market, the decline in world commodity prices, low long-term economic growth and other specific country risks.

The seminar participants, from among the academic circles, took an active part in the discussion of global issues of economy, trade, investment and development of countries.

http://www.eurasiancommission.org 

The largest agrarian exhibition of Russia “YUGAGRO” opened in Krasnodar

On November 20, the International Exhibition of Agricultural Machinery, Equipment and Materials for Crop Production “YUGAGRO” opened in Krasnodar, in the exhibition and congress hall “Expograd Yug”. This year it is held for the 25th time. The organizer of this event is the ITE Group of Companies, the leader in the organization of exhibitions in Russia.

The opening ceremony was attended by Krasnodar Region Governor Veniamin Kondratyev, Chairman of the Krasnodar Region Legislative Assembly Yury Burlachko, First Deputy Chairman of the Federation Council Committee on Agrarian and Food Policy and Environmental Management Sergey Lisovsky, Extraordinary and Plenipotentiary Ambassador of the Kingdom of the Netherlands in the Russian Federation, Ms. René Jones-Bos Ambassador Extraordinary and Plenipotentiary of Grenada to the Russian Federation, Mr. Firer, Minister Plenipotentiary, Economic and Trade Advisor skim the Embassy of the People’s Republic of China in the Russian Federation, Mr. Li Tszinyuan and other honored guests.

This year, more than 650 companies from 35 countries of the world take part in the YUGAGRO exhibition, the total area of ​​the exposition exceeds 65,000 m2, more than 100 companies are new participants.

“Companies from the Netherlands, Spain, Canada, India, China and many others present their products. But it is fundamentally important for us that among the foreign partners in the fields of the exhibition are 40 regions of our country, including 100 companies from the Krasnodar region,” said Veniamin Kondratiev in his welcoming speech. The governor of Kuban also noted that the site of the international exhibition of agricultural machinery is a unique opportunity to learn and learn from the experience of partners and competitors.

Yakip Burlachko, Speaker of the Land Legislative Assembly, noted with satisfaction that more than 20 years ago the exhibition was a more regional agricultural fair. At this stage, YUGAGRO has become a solid international platform, he pointed out.

At the end of the solemn ceremony, the Governor and the guests of honor viewed the expositions of the companies CLAAS, Rostselmash, KUHN and other exhibitors.

The 25th international exhibition is divided into four thematic clusters: equipment for storage and processing, spare parts and agricultural machinery, agricultural chemistry and seeds, equipment for irrigation and greenhouses.

The exhibition “YUGAGRO – 2018” is accompanied by a rich program for visitors: conferences, business meetings and round tables, in total more than 30 events, which will feature 80 speakers.

On the opening day of the exhibition, a plenary session “Food Exports: Strategy, Tactics and Realities” was held. Sergey Lisovsky, First Deputy Chairman of the Federation Council Committee on Agrarian and Food Policy and Environmental Management, Andrey Korobka, Deputy Governor of the Krasnodar Territory, Andrey Korobka, General Director of Rosagroleasing, Pavel Kosov, Russian Grain Union, Sergey Kremenetsky, Deputy General Director of the South Group Russ and other experts.

The exhibition will continue its work until November 23.

Source: http://www.yugagro.org/ru-RU/press/news/6109.aspx

Embassy of Grenada Marks its First Anniversary

Today, On August 1, 2018, we mark the first anniversary since opening the Embassy of Grenada to the Russian Federation in Moscow.

This past year has been a productive year for the Embassy, as we embarked on a path to introduce Grenada to the Russian Federation and enhance bilateral relations as the only Eastern Caribbean diplomatic mission in the region.

This past year has witnessed extraordinary initiatives being carried out by Grenada and Russia as the countries marked their 15th anniversary of the establishment of diplomatic relations, followed by the execution of a visa-waiver agreement between the countries during the 72nd United Nations General Assembly.

By maintaining a fully staffed local presence and working with various government and non-government organizations we have managed to make important first steps in creating bilateral relationships in the fields of educational, cultural and trade exchanges with the objective to promote Grenada as a tourist and investment destination.

In November of last year Grenada hosted “New Dawn”, the first ever joint Russian / Eurasian-Caribbean economic, media and academic forum, which has seen collaboration efforts between the regional representatives from the Caribbean and Eurasian regions. As a result of this successful event, organizers have formed the “St. George’s Club” in Grenada as a non-profit organization founded on the principle of networking and building relationships that last. It is St. George’s Club’s objective to improve contacts between the Caribbean and Eurasian businesses, cultural and government communities. This year on November 1, 2018, St. George’s Club will continue this trend and is preparing to host “The Next Step” forum in Grenada, which will offer an excellent environment for collaboration with the objective to enhance business communication and relationships between the regions.

We have participated in many events in the Russian Federation and the Eurasian region during this past year. Some of the most notable events included:

  • Civic Chamber of the Russian Federation, hosted a round table “Cooperation between the Russian Federation and Grenada in the Humanitarian, Cultural, Scientific and Tourism Fields”, organized by the Commission of the Russian Federation on the Development of Public Diplomacy, Humanitarian Cooperation and the Preservation of Traditional Values. Photo exhibition “Nature and Attractions of Grenada” was featured in the lobby of Civic Chamber of the Russian Federation at which the Commission Chairperson, Elena Sutormina, noted that Grenada, as an island state with magnificent nature, is of interest in terms of tourism, but there are other possible cooperations to be explored between the countries.
  • “Rossiya” television network produced several feature episodes about Grenada, which have aired in prime time – “Friendship of Grenada and Russia”, “From tourism to high technology: Grenada and Russia have something to share with each other” and “Grenada: Visa-Free”.
  • Embassy of Grenada celebrated the CARICOM National Day at the Astana World Expo 2017 and participated in dialogues with the Government of Kazakhstan within the framework of the development of further bilateral cooperation in the region.
    Opened “Grenada Business and Cultural Club” and during the course of the year established bilateral dialogues with the regional governments of the Russian Federation.
  • First Caribbean trade center “My Caribbean” was formed in Russia to promote bilateral trade and serve as a platform for businesses looking to promote products between the regions.
  • Grenadian delegation comprised of Grenadian students in the Russian Federation attended the 19th World Festival of Youth and Students in Sochi, Russia.
  • The Government of Russia in collaboration with the Government of Grenada is offering scholarships to Grenadian nationals who wish to pursue studies in Russia for the academic year 2018-2019. There are many programs to chose from including Bachelors, Masters, Doctorate and Short-term continued education courses from over 400 universities in the Russian Federation.
  • During the St. Petersburg International Economic Forum (SPIEF 2018), Grenada Ministry of Health and National Medical Research Center of Pediatric Hematology, Oncology and Immunology of the Ministry of Healthcare of the Russian Federation have executed the Memorandum of Understanding for Scientific and Clinical Cooperation in The Field of Healthcare.
  • Grenadian products were featured at the Russian Retail Week 2018, whereby Russian Association of Retail Market Experts and the Embassy of Grenada have executed a bilateral co-operation agreement.

During this year we have received a large amount of positive feedback and we are happy with our progress. I would like to thank the Ministry of Foreign Affairs of the Russian Federation for the warm welcome. I would also like to extend a special appreciation to the embassy staff and Grenadian students in the Russian Federation for making this a strong beginning.

Happy Birthday, Embassy of Grenada!

Oleg Firer
Ambassador Extraordinary and
Plenipotentiary of Grenada

Grenada celebrates CARICOM Energy Month 2017

ST. GEORGE’S GRENADA, November 13, 2017 – Energy Month is an annual CARICOM initiative in which member states are invited to raise awareness and educate the public and the business community on sustainable production of electricity. The Month also seeks to encourage behavioural changes in homes and workplaces to conserve and reduce energy consumption through the use of renewable energies and energy efficient appliances and fittings.

For the year 2017, CARICOM Energy Month will be held across the Region under the theme “REthinking Energy”. This theme encourages us to examine the role of renewable energy in our sustainable energy transition and also to focus on the importance of the efficient use of energy.

The main activity organized by the Energy Division to celebrate the 2017 Energy Month, is a Kill-A-Watt Exhibition. This event is scheduled for Friday 24th November 2017 from 10:00 am to 5:00 pm on the Carenage in front of the Financial Complex.

This exhibition will feature exhibitors of renewable energy and energy efficiency solutions, as well as energy suppliers and will be an opportunity for networking among the key stakeholders and the sharing of information on how to “REthink Energy” in Grenada.

The Government also promotes the use of renewable energies by offering duty and tax exemptions for renewable energy systems. Furthermore the Grenada Development Bank offers lower interest rate loans for renewable energy applications.

Delegation of Grenada will take part in the International AgriForum

MOSCOW, RUSSIA – July 31, 2017 – Delegation of Grenada, comprising of representatives of the Embassy of Grenada to the Russian Federation confirmed participation in the International AgriForum Southern Russia 2017, which will be held from September 21 to 22, 2017 in Stavropol, Russia. The visit of the representatives of Grenada within the framework of the AgriForum will be the first for Stavropol region and will serve as the beginning for the development of further bilateral cooperation.

The 3rd annual investment forum “AgriForum Southern Russia 2017” is an international professional platform for the development of the agro-industrial complex in the North Caucasus Federal District and the Southern Federal District, which gathers 500 heads of agricultural holdings, farmers, investors, government representatives, technology producers and service providers from the North Caucasus Federal District and the Southern Federal District.

AgriForum Southern Russia 2017 is supported by the Government of the Stavropol Territory and personally, Vladimir Vladimirov, Governor of the Stavropol Territory, Governments, ministries and authorities of the SFD and NCFD, decision-makers of the agro-holdings and farming enterprises.

Contact:
Embassy of Grenada to
the Russian Federation
Kemal Nicholoson
Tel. +7 (495) 241-01-11
gd@grenadaembassy.ru

State of the Tourism Industry Conference (SOTIC 2017)

Pure Grenada Welcomes SOTIC 2017

This year, Pure Grenada the Spice of the Caribbean, hosts the CTO State of the Industry Conference (SOTIC 2017) October 9-13, and it’s going to be an unique experience. Why? All of Grenada—our three-island destination–looks forward to sharing our culinary, natural and wellness secrets. Savory recipes, extraordinary escapes and exceptional experiences to rejuvenate await.

SOTIC 2017 will come together under the theme “Super-charging the Caribbean Brand: Meeting the Needs of the New Explorers.” Filled with insights from industry experts who will offer brand-building ideas with emerging trends, SOTIC 2017 has chosen the ideal setting for opening one’s mind in Pure Grenada, Carriacou and Petite Martinique.

Travel agents and Tour Operators are especially invited to visit for SOTIC 2017 to explore the hotel product and see what they can recommend to their clients. Grenada offers luxury five star all-inclusive hotels to smaller boutique hotels and site inspections will be organized for those interested. Attendees are encouraged to come to the island the weekend before or stay the weekend after to get to know Grenada.

Visitors who have never traveled to Grenada, will discover our 40 pristine white sand beaches and 30 unforgettable dive sites, including the largest shipwreck in the Caribbean ‘Bianca C’ and the World’s First Underwater Sculpture Park. On land, visitors will wonder at the beauty of Grenada’s waterfalls, dramatic hiking trails and rich history.

Pure Grenada is well known for having the friendliest people in the world and this ingredient is key to having a welcoming experience. And while Grenada is best known as the ‘The Spice of the Caribbean’ for our nutmeg and mace, there is a sweet fact that we want to share with the world. We are also the ‘Chocolate Island’ of the Caribbean with four companies producing incredible organic chocolate. All these fabulous experiences and more await every attendee at SOTIC 2017. Register now.

For more information visit http://sotic.onecaribbean.org