On March,31 a working meeting between M.V. Slipenchuk and the Minister for Economic, Foreign Trade and Sport of the Grand Duchy of Luxembourg Jeannot Krecke was held . The meeting was also attended on the Russia side by A.V. Udaltsov, METROPOL DEVELOPMENT Chairman of Board, M.U. Borzin, IFC METROPOL Deputy Director General, O.O. Korol, METROPOL DEVELOPMENT Director General and others. In addition to Jeannot Krecke the Luxembourg's delegation included Jean-Claude Knebeler, Deputy Minister for Economics, Foreign Trade and Sport, Gaston Stronk, Luxembourg Ambassador to Russia and Guy Diderot, Luxembourg Consul to Russia.

During the meeting opinions were exchanged on the current issues of how the global economy is functioning in the crisis and possible areas of cooperation between METROPOL and government and business institutions in Luxembourg. The meeting participants were most interested in the development of relations in the financial sphere and the area of development.

Mr. Krecke familiarized himself with the main areas of the Group’s activity and displayed conviction in the significant prospects of establishing closer contacts with Russian business representatives, in particular METROPOL.

In conclusion, Mr. Krecke invited Mr. Slipenchuk to pay a working visit to Luxembourg in the near future.