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WORLD OF INDUSTRIES 06/2018 (RU)

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EDITORIAL<br />

Is Germany a winner<br />

after all?<br />

Dear readers,<br />

A few weeks may have passed since the World Cup in Russia and<br />

although the German team got kicked out far too early, the event<br />

certainly benefitted the German economy thanks to a surge of additional<br />

contracts.<br />

According to details provided by the German/Russian chamber of<br />

foreign trade, around fifty companies were involved in modernizing<br />

the infrastructure, assisting with preparations, and maintaining the<br />

premises where the events were staged for the World Cup. The chamber<br />

of foreign trade estimates that the contract value is around EUR 3<br />

billion. Large companies, like Siemens and Bosch, were also involved<br />

and provided safety equipment, as well as air conditioning and heating<br />

units. The Bosch team, for example, installed a video monitoring<br />

system at one of the World Cup venues.<br />

However, even once all of the orders relating to the <strong>2018</strong> World Cup<br />

have been completed, numerous economic experts are certain that the<br />

modernization of hotels and apartments will continue. The World Cup<br />

attracted a lot of tourists from home and abroad. To ensure that<br />

Moscow remains an attractive destination for domestic and foreign<br />

investments, as well as company relocations, the local government has<br />

already been investing in a renovation program since 2017. However, it<br />

remains to be seen to what extent German<br />

companies will benefit from this.<br />

German and Russian companies will have an<br />

excellent opportunity to discuss future cooperations<br />

at Cemat Russia. A spin-off of<br />

Cemat in Hanover, the annual trade fair for<br />

conveying equipment, warehouse<br />

technology, and logistics has become well<br />

established on the Russian market. Cemat<br />

Russia is also an excellent platform for<br />

Russia to extend its potential in the<br />

transport and logistics sector.<br />

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Marie-Kristin Krueger<br />

Editor<br />

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