RESULTS OF THE PARALLEL AUDIT OF THE IMPLEMENTATION OF THE MEMORANDUM BETWEEN THE GOVERNMENTS OF THE RUSSIAN FEDERATION AND THE REPUBLIC OF SLOVENIA ON IMPORTANT PROJECTS FOR EXPANSION OF THE BILATERAL ECONOMIC COOPERATION
Report ID: 347

In Moscow, on 17 November 2010, the Republic of Slovenia and the Russian Federation signed a Declaration on Partnership for Modernisation. The Partnership Declaration is based on the Joint Statement of the European Union and the Russian Federation adopted at the European Union - Russian Federation Summit held on 31 May and 1 June 2010 in Rostow-on-Don.

At the signing of the Partnership Declaration, the Governments of the Russian Federation and the Republic of Slovenia also signed the Memorandum on important projects, in which they expressed their readiness to facilitate the stimulating and encouraging of mutual investments into the innovative technologies, creation and market promotion of modern competitive goods as well as confirmed their aspiration for the expansion of high value-added goods and high-technology products share in trade volume.

Upon the approval of the Programme of important projects, the Governments of the Russian Federation and the Republic of Slovenia placing the priority on the Programme implementation, agreed to conduct the further monitoring of its implementation on regular basis according to the effective legislation, which should contribute to the promotion of bilateral cooperation on the basis of equality, mutual benefit and reciprocity as well as to the realisation of individual projects within the framework of cooperation in the interest of modernisation

The grounds for the implementation of the parallel audit iwas the Agreement on parallel audit by the Accounts Chamber of the Russian Federation and the Court of Audit of the Republic of Slovenia signed by the two Supreme Audit Institutions  (SAIs) on 29 April 2013 in Moscow. The Agreement defines in detail the cooperation of the Supreme Audit Institutions in the implementation of the audit.

The purpose of the audit was to assess the status of economic cooperation between the Russian Federation and the Republic of Slovenia taking into consideration the fulfilling of the Programme for the implementation of the Memorandum on important projects for expansion of the bilateral economic cooperation.

Among others, the effectiveness of the achievement of the objectives of economic cooperation was assessed by both SAIs.

Source: http://www.rs-rs.si/fileadmin/user_upload/news/2053/Joint_Report_ENG_final.pdf