Third SPIEF regional session: Southern Russia: New Areas of Growth

On 16 March 2016, Krasnodar hosted the third St. Petersburg International Economic Forum (SPIEF) session in the series ‘Southern Russia: New Areas of Growth’. The event was organized by the Roscongress Foundation jointly with the Russian Export Center and the Agency for Strategic Initiatives, and held in association with the Russian Foreign Investment Advisory Council and EY.

During the session, which was attended by representatives of government and members of the business and expert communities, strategies to expand investment opportunities and develop the export potential of the Southern Federal District were extensively discussed.

In the opinion of Anton Kobyakov, Advisor to the President of the Russian Federation and Executive Secretary of the SPIEF Organizing Committee, SPIEF regional sessions are of great practical importance in developing the investment potential of Russia’s regions.

“Russia’s Regions: New Areas of Growth is a unique and popular series of events which seeks to improve the economic and investment potential of Russian regions. Participants in these sessions gain access to a wide range of consulting services provided by highly qualified investment experts, are afforded the opportunity to receive an expert evaluation of regional projects in terms of their investment and export appeal, and are given practical recommendations for further promotion of such projects”, he said.

As part of the event, a briefing on the Russian Export Center was held, centred around the financial and non-financial forms of support provided to exporters through the ‘single window’ model. There was also a briefing on ‘Marketing a Region’.

The participants discussed further issues relating to the development of small and medium-sized business in the region, improving the local investment climate, and diversifying the methods used to attract foreign investment into the regional and Russian economy.

Practical advice on how to improve the region’s ranking in the Russian Regional Investment Climate Index was also given. During the session, information was provided about ways to participate in the 20th St. Petersburg International Economic Forum (to be held on 16–18 June 2016).