The event follows discussions held in October 2012 between VTB Chairman and CEO Andrey Kostin and President of Angola José Eduardo dos Santos.
Several Russian companies, including KAMAZ, RusHydro Group’s Gidroproyekt Institute and Uralvagonzavod, gave presentations at the
Russian and Angolan companies interested in collaboration had the opportunity to hold bilateral meetings to discuss existing and potential areas of mutually beneficial cooperation in railway infrastructure development, mining industry and energy.
The forum was addressed by Angolan Minister of Economy Abrahão Gourgel, Minister of Geology and Mining Francisco Queiros, Minister of Industry Bernarda Henriques da Silva, representatives of the Ministry of Energy and Water Resources and other government agencies. Russian Ambassador to Angola Dmitry Lobach gave a welcoming speech. VTB representatives spoke about the Group’s opportunities to structure various forms of financing in Angola.
Vasily Titov, First Deputy President and Chairman of VTB Bank Management Board, said: "VTB Group is actively developing on the Angolan market, where we see great potential. Russian companies are very interested in Angola and countries of the
Banco VTB Africa SA is a