Minister of Economic Development of the Russian Federation Maksim Oreshkin tells of improvements in the Russian investment climate at Russia House in Davos
On 25 January, a session entitled “Russia: New Production Hub” took place as part of the business programme at Russia House in Davos with the participation of Minister of Economic Development of the Russian Federation Maksim Oreshkin.
He spoke about an improvement in the Russian investment climate and revealed that foreign direct investment in the national economy in 2017 had increased significantly. “We are seeing a number of positive trends with respect to foreign direct investment. In 2015 we received fewer than USD 20 billion in foreign direct investment, whereas in 2017 these investments were already in the region of USD 20-25 million dollars. Now we are seeing opportunities for attracting new investors to the Russian economy,” Maksim Oreshkin noted in his address to session attendees.
Also participating in the session were President of ER-Telecom Holding Andrey Kuzyaev, Chairman of the Board of Directors of Russian Machines Siegfried Wolf, and Chairman of the Management Board of SIBUR Holding Dmitry Konov, among others. The major international business figures and experts in attendance agreed that the prerequisites for the development of a high-tech manufacturing industry in Russia have been put in place.
The business programme at Russia House in Davos will continue until 25 January 2018.
The sustainable development of Russia’s northern Indigenous peoples will be discussed in 2023 at the Roscongress Foundation’s leading platforms, including the St. Petersburg International Economic Forum (SPIEF), the Eastern Economic Forum (EEF), and other multilateral events. In particular, the festival ‘Soul of Russia. The North’ is expected to be held as part of these forums.
The leaders of more than a hundred initiatives in the top 1000 of the ASI and Roscongress Foundation's Powerful Ideas for a New Era Forum visited the St. Petersburg International Economic Forum (SPIEF 2022). They presented initiatives in seven thematic areas of the Forum to potential partners: 25 ideas from the National Technology Initiative (NTI), 23 ideas from the National Social Initiative (NSI), 16 ideas from the National Human Resources Initiative, 16 ideas from the National Environmental Initiative, 13 ideas on entrepreneurship, and five from each of the Open Talk and Regional Development tracks.
Ambassador-at-Large of the Ministry of Foreign Affairs of the Russian Federation and Chair of the Senior Arctic Officials at the Arctic Council Nikolay Korchunov and Rector of Lomonosov Moscow State University Viktor Sadovnichy met during the St. Petersburg International Economic Forum to discuss the importance of interdisciplinary Arctic research on the climate, ecology, and biodiversity, according to the university’s press office. The meeting took place during Russia’s Chairmanship of the Arctic Council. The operator of Russian Chairmanship events is the Roscongress Foundation.
The Russian Ministry for Development of the Far East stand ‘Arctic: Territory of Dialogue’ was first opened at the 25th St. Petersburg International Economic Forum and has become a platform for 16 Arctic agenda events, including a number constituting part of the official plan of Russia’s Chairmanship of the Arctic Council in 2021–2023 with the assistance of the Roscongress Foundation.
“Digital economy is a new paradigm for the development of the state, the economy and society.”
To participants, organizers and guests of the
25th St. Petersburg International Economic Forum
This year marks the 25th anniversary of the St. Petersburg International Economic Forum. I sincerely congratulate the Forum organizers and all those who have taken and are taking part in its work on this significant anniversary.
Over the years, the Forum has become a highly respected and representative international event. Its participants, which include Russian and foreign politicians, scientists and entrepreneurs, focus on a variety of topics concerning the domestic and world economy: from specific areas of industrial cooperation to information security and environmental protection. Mutually beneficial long-term contracts are signed and business experience is exchanged in the course of direct and constructive communication.
The Forum’s anniversary is taking place at a difficult time for the entire international community. The mistakes of Western countries in economic policy over many years and illegitimate sanctions have led to a wave of global inflation, the disruption of usual supply chains, and a sharp increase in poverty and food shortages. Yet, as can be the case, along with these challenges, new prospects are emerging. This is why the Forum’s slogan – New Opportunities in a New World – seems so relevant.
I am confident that for Russia the 2020s will become a period when the country strengthens its economic sovereignty, which involves the accelerated development of its infrastructure and technological base, qualitative upgrades in the level of training for specialists, as well as the establishment of an independent and efficient financial system. In addition, the Russian economy will increasingly rely on private initiatives and, of course, will remain committed to transparency and broad international cooperation.
It is in our common interests to bolster trade and investment, encourage the joint development of technologies, strengthen financial and stock markets, and increase the share of settlements in national currencies. It is crucial to introduce and develop truly mutually beneficial integration models, as is already being done in the Eurasian Economic Union.
I strongly believe that the Forum will continue to make a significant contribution to solving numerous high-priority challenges facing humanity, while mutual trust, meaningfulness and commitment to fruitful dialogue and partnership will invariably remain its distinguishing features.