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Advent UK News Letter > March 2010 > N°80

We’ve been busy…… We were at President Medvedev’s visit to Paris where the Mayor of Paris talked with great aplomb about cultural links between France and Russia (2010 is an cultural year between the two countries), no mention of writers (tricky one that), but lots of chat about architecture, music and art exchanges, and that the two countries fought side by side in the last European War…

Medvedev also mentioned the art exchanges and delivered the coup de grace that Russia was present at the Liberation of Paris (I’m not sure this is well documented in the French version of De Gaulle’s entry to Paris). He paid a lot of attention to the Russian priests present and was very receptive to our opinions on doing business in Russia.

We were also at the Paris Senat to hear HRH Prince Khaled Al Faysal Bin Abdulaziz Al Saoud, Governor of Mecca in Saudi Arabia, speak with great finesse about peace and tolerance between peoples. He exposed with clarity the similarities between the Koran and the Bible and promoted mutual respect for religious differences which have led to conflict and been the vector to extremism. He then showed us a huge project to enlarge the area around Mecca and its infrastructure in order to handle over 10 million pilgrims per annum.

Well it’s all very interesting and enriching, but at the coal face its jolly hard work all the same. Russia is attracting renewed interest but under harsher conditions than before the crisis, which our Russian clients have trouble in understanding. We have extended our database to over 100 banks and Private Equity interested in Russia.We are also investigating the MENA region opportunities with our first steps in Algeria which is undergoing a strong expansion on the back of their gas exports (they are 4th biggest gas exporters in the world). Watch this space.

Patricia Goodenough 15/03/2010

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