Russia has never before appeared at this famous industrial fair as partner country. This status implies considerable obligations. It shows that the world has recognized Russia as full-fledged figure in global research, economic and political developments, said the minister.
The Russian pavilion has on display many sensational pioneer samples-suffice it to mention aviation technologies, in particular, hyper-sound velocity engines, lasers and cutting-edge materials, he added.
High fuel and energy prices and comparatively low US dollar rates have done the Russian economy a good turn. They account at least for 25 per cent of success as Russia is increasing its gross domestic product by an annual exceeding 7 per cent. There are other notable trends in Russian economic progress-engineering industry, mainly civil-oriented, is coming into the foreground. The minister is eager to see those trends gaining momentum.
This year will rob the fuel-and-power complex of its leading role in Russian economic progress to give other industries pride of place, forecasted Khristenko.
The Hanover fair is representing Russia as a high-tech country to give Germany, the entire Europe and the world a first-hand view of its achievements, added Claus Manngold, East German Economic Committee president.