Second SPIEF regional session: Russia’s Regions: New Areas of Growth

The second field session of the St. Petersburg International Economic Forum entitled “Russia’s regions: new areas of growth” took place in Yekaterinburg on 10 February 2016, attended by government officials, business people and experts.

The participants discussed ways to showcase effectively the investment and export potential of the Urals Federal District at major international events, such as the St. Petersburg International Economic Forum taking place in St. Petersburg on 16–18 June.
According to Adviser to the President of the Russian Federation, Executive Secretary of the St. Petersburg International Economic Forum Organizing Committee Anton Kobyakov, such events are of considerable practical importance for development of the constituent entities of the Russian Federation, particularly under the existing economic circumstances.

“The “Russia’s regions: new areas of growth” cycle of sessions is of major practical value and is not a goal in and of itself. What’s important for us is to give practical assistance to the regions in promoting their territories and attracting big Russian and foreign investors into key investment projects. Hopefully, successful implementation of the initiatives announced will benefit both individual regions and the nation as a whole as much as possible,” Anton Kobyakov said.
The field session also covered development of small and medium-sized businesses and improvement of regions’ investment appeal. The participants received hands-on advice on how to improve their standing in the Russian Regional Investment Climate Index, which is used today to assess the work of regional officials to create conditions facilitating and aiding business development.

The series of field sessions is organized by the Roscongress Foundation, the organizer of the St. Petersburg International Economic Forum, jointly with the Russian Export Centre and the Agency for Strategic Initiatives and with support from the Foreign Investment Advisory Council in Russia and EY. A total of six such events are scheduled through the end of April 2016 in various Russian federal districts.