A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 133 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 70 countries worldwide.

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On December 16, 2014 the Trade Mission of the Russian Federation to the People’s Republic of China hosted a roundtable meeting ‘Cultivating Deeper Russia-Chinese Co-operation in Developing the Metallurgy Sector’, organized by the Ministry of Economic Development of the Russian Federation and the National Development and Reform Commission of China. Igor Koval, Director of the Department for Investment Policy and Development of Public—Private Partnership at the Ministry of Economic Development of the Russian Federation, and Liu Hongkuan, Deputy Director of the National Development and Reform Commission’s department of foreign capital and overseas investment, moderated the event, which was attended by more than 40 representatives of the two countries’ business communities.

The roundtable meeting was held within the scope of the Intergovernmental Russian—Chinese Investment Cooperation Commission. The Commission Secretariat has reached an agreement to hold three more roundtable meetings in 2015 to address various sectors of the two economies.

According to Igor Koval, in January—October 2014, Russia’s non-ferrous metals production index amounted to 100% of the same period in 2013. The output of precious metals and high added value products went up by 6.2% year-on-year in January—October 2014, showing better dynamics than production of non-ferrous metals.

He noted that Russian iron and steel companies had remained global market leaders, as cast iron output had increased by 2.2% year-on-year in January—October 2014, steel output by 1.9%, rolled ferrous metal products by 2.8% and steel pipe output by 10.1%.

Furthermore, the Department Director mentioned bilateral investment engagement, including within the framework of the Intergovernmental Russian—Chinese Investment Cooperation Commission, noting the importance for both countries of supporting the 32 projects approved by the Commission in September 2014.

To conclude the event, Igor Koval invited the participants in the roundtable meeting to visit the St. Petersburg International Economic Forum, which is also expected to organize an industry roundtable.