On May 14, 2014, Philippe Pegorier, Alstom Country President in Russia, Ukraine and Belarus was unanimously elected chairman of the Association of European Business (AEB ) in Russia, the largest foreign business association in the country.
Prior to this, Philip spent 3 years as the chairman of the Machine Building and Engineering Committee with the Association and in parallel - during the last two years - was also a member of the AEB Board.
Association currently numbers more than 650 companies members. Russia is the third after the U.S. and China trade and economic partner of the European Union. EU, being the largest foreign investor in Russia, ensures almost 50% of the country's trade turnover.
Found in the 90s, the Association of European Businesses represents and promotes the interests of European companies conducting business in and with the Russian Federation. The AEB carries out activities to improve the Russian business and trade environment and to promote economic integration and partnership between the Russian Federation and the European Union.
Given the current difficult relationship between Russia and the EU, the AEB's activities as a mediator in promoting mutual understanding between the two parties, have become even more valuable.