Doing Business in Russia: What Has Been Achieved and What’s Next?
Year after year, Russias jurisdiction is becoming more and more comfortable for business. In 6 years, Russia has moved up in the World Banks Doing Business ranking from #124 to #35, while no other country has shown comparable progress. Quality services for business and improved institutions are well noted by the business community in all regions of Russia. On 25 May 2018, ASI will present its new edition of National Investment Climate Index based on the surveys of more than 400 thousand entrepreneurs all across Russia. The main conclusions and the latest results in improving the investment climate and eliminating administrative barriers will be discussed by the participants of the session «Doing Business in Russia: What has been achieved and whats next?» What has been done in recent years to warm up Russias business climate? What are the government support measures that the private sector, including foreign companies working in Russia, can apply for? How can the business environment be made even more conducive? Are there any reserves for further improvement?
The Export Potential of Russia’s Creative Industries
The creative sector is establishing new niches in areas where various technologies intersect, expanding the export potential for the economy. Creative industries represent a source of growth for exports beyond raw materials, and can help Russia establish its cultural output abroad, while putting forward a positive image for the wider world. The sector also makes a substantial contribution to the countrys investment attractiveness, and provides an opportunity to change the structure of exports in favour of high-tech products as well as creative and digital services. At the same time, it offers great potential for the application of Russian human capital in the global context, while acting as a driver of Russian soft power. What strategies can be undertaken to expand Russias role in the global business community by increasing market share in the creative economy? Which creative industries have the greatest potential for export today, and which have the potential in the future?
The main principle of the circular economy is ensuring that each process in the life cycle of a product or service is carried out with maximum efficiency, yet with minimum waste, industrial emissions, and energy leakage. When the lifetime of a useful service has ended, goods are not discarded, but recycled. Companies work together to build ecosystems where waste from one producer becomes raw material for another. The net profit of the European markets circular economy is forecast to be EUR 1,800 billion by 2030. A circular economy offers significant environmental and social benefits. The transition to a circular economy will require significant changes at the societal and state levels and will affect the choices made by citizens and by consumers as whole. A national roadmap for the circular economy will set the pace for changes in legislation and interaction between society and business. The circular economy will open up new business opportunities and create new jobs, not only to replace those that were lost during industrial structural changes. Bioeconomics is the economy of the regeneration of natural resources in the production of food, energy, goods, and services. The bioeconomics of Finland is based on the regeneration of forestry and chemical industries. Digital technologies can be used to replenish and maintain bioresources. New ways of utilizing bioresources at the regional level will promote economic growth and create new jobs. It is expected that new products, materials, and services will appear in forestry, chemical, and energy industries, as well as in the area of smart digital solutions. In Finland, a bioeconomics programme is part of the state development strategy for various sectors of the economy. Russia has approved an integrated comprehensive biotechnology development programme for the period until 2020. In Russia, the development of bioeconomics holds the promise of new jobs, investment, and stable economic growth. International cooperation and the sharing of best practices can help create the right conditions for the sustainable and consistent development of bioeconomics. How can an environment that will facilitate a circular economy in Russia be created? What potential does bioeconomics have for economic relations between Russia and Europe? What opportunities do the circular economy and bioeconomics open up for Russian and Finnish companies?
Pathways for the Medicine of the Future: Who Will Treat People in 30 Years’ Time?
Modern medicine is undergoing dramatic changes with discoveries in genomics, new bio- and nanotechnologies, and artificial intelligence fundamentally changing the methods for diagnosing and treating human diseases. It is expected that doctors will learn to predict epidemiological trends in entire countries as well as at the individual level. Moreover, new techniques for predicting and preventing diseases, and for fighting hereditary diseases by reprogramming the genome and growing new human organs are being developed. How can these discoveries be delivered to the masses and what kind of healthcare system can we expect in 30 years? Who will treat patients: computers or people? What is happening behind closed doors of scientific laboratories? What diseases will mankind conquer, and what new threats will it face? What will be the life expectancy of humans? Who in the country will be responsible for developing medicine in the future? What is the composition of the global market in the medical industry today, and what role can Russia play in the future?
State Support as an Effective Tool for Securing Leadership in Innovation
The development of innovative technologies plays a key role in increasing national competitiveness in the global markets. Sluggish uptake of innovations hinders the emergence of technological production locally and creates barriers to the emergence of the digital economy. The state and its institutions along with a high-tech innovative business play a decisive role in the process of shaping the innovative economy and securing the position of the economy in the global markets. What are the priority areas of national innovation policy and what instruments of state support for innovation and high-tech production should be employed? What tools of state support of innovations and high-tech industries are interesting and necessary for business? How can factors constraining the development of the innovative economy be eliminated? What opportunities for expanded international cooperation might lead to the formation of new technology markets, and how is global competition for technology, talent, and capital shaping demand for state support and funding instruments for innovative initiatives?
How Russia Can Harness Human Capital for Its Competitive Advantage
Russia is achieving outstanding results in a number of traditional and new sectors of the economy. The global professional community holds Russian programmers in high esteem. In the past 15 years, six Russians and Russian-born individuals have been awarded the Fields Medal, the most prestigious award in mathematics, sharing first place with the US and France. Over this period, five Russian or Russian-born scientists have been awarded Nobel Prizes in Physics. Russian animation is rapidly making new headway in international markets. Human capital the talent, skills, and abilities of the professionals working in these fields forms the basis of these achievements. Today, the development of Russian human capital requires systemic support, ensuring that novices and professionals not only excel in their fields, but also achieve global recognition. How might the collective expertise of Russian professionals be expanded to new fields? How can young professionals be enticed to join high-tech industries and support them? How can the market value of Russian professionals be increased and how can professionals be offered greater access to global projects, leading to the introduction of global practices in Russia? Which new sectors of the digital economy could prove fertile ground for Russias leadership?
Coordinating the International Effort Against Illicit Trafficking in Manufactured Goods: Potential Ways Forward
Illicit trafficking in manufactured goods has reached critical levels, significantly impeding industrial development, discouraging investors, and having a negative effect on the countrys economic security. Russia is actively working to stop illicit trafficking in manufactured goods. A State Commission has been created to coordinate efforts in this area. Work is continuously being done to develop and introduce efficient methods of combatting shadow markets, including excise goods, and this has yielded significant results. A goods labelling and tracking system is being developed. Compulsory labelling has been introduced for fur goods, while some other goods (drugs, tobacco) are undergoing pilot schemes. Combatting illicit trafficking in manufactured goods has become an agenda item for international relations. How do we efficiently counteract the growth of the shadow market, while also making use of international practices and the system already created within Russia? How can business attract the states attention to such issues, including those related to illicit trafficking? What are the prospects for international cooperation in this area, both within the EAEC and with key trading partners? What advantages do goods labelling and traceability hold for business, and what risks do businesses see in them?
Pitch Session for Startups: New Areas of Growth for Business and Government
The digital economy is not the future, its here right now. A revolution has taken place unnoticed, changing both our lives and the lives of business and government. Even in such traditional sectors as medicine, energy, or agriculture, a business which is not digital will no longer be a business 10 years from now. How can startups and startup technologies improve the efficiency of corporations and government bodies, and remain profitable? How can big business and government harness the innovations of young companies to create synergies? During this interactive session, entrepreneurs and representatives of corporations and the regions will discuss practical examples of successful cooperation.
Breakthrough in the Far East: How to Become a Leader for Growth in Private Investment
For the first time in the last few years, the Russian Far East has been named the leading federal district in terms of the growth rate for private investments into the regional economy. In 2017, private investment amounted to 17.1%, against the countrys average of just 4.4%. Of this figure, 9% came from residents of advanced special economic zones (ASEZs) and the Free Port of Vladivostok, which invested RUB 90 billion into the economy of the Far Eastern Federal District. The growth rate for industry in the region has exceeded the countrys average by 2.2%, for agriculture by 8.2%, and for construction by 9.2%. Over 1,200 projects worth a total of over RUB 3.7 trillion in private investment are currently underway in the Russian Far East, and 107 new facilities created by residents of ASEZs and the Free Port have already been brought into use. Two hundred projects will be complete by the end of 2018, and 350 by 2020. What factors have attracted private investment to the region? What industries are the most attractive to investors? How competitive are the ASEZs and the Free Port of Vladivostok compared to the preferential investment zones in the leading countries in the Asia-Pacific region? How effective are the ASEZs and the Free Port of Vladivostok for the project economy from an investment perspective? What mechanisms exist to attract Asian investment? What steps should the government take to attract large investors to Russias Far East?
Collaboration within the Shanghai Cooperation Organization (SCO) is a priority for Russias foreign policy. In 2017, India and Pakistan became fully fledged members of the organization. Over the past year, they have been increasingly involved in the organizations work, and have become members of the SCO Business Council. Strengthening of the role of the Business Council in the trade and economic agenda of the SCO is considered as a necessary precondition for full realization of the potential of trade and investment cooperation. What is the common business agenda and what opportunities exist for the representatives of observer states to participate in the process? What does the future hold for the cooperation between the Business Council and the working groups of the Organization? How can we eliminate barriers to trade and foster deeper industrial and technological cooperation, including through the creation of new production chains and the use of international financial instruments?
E-sports have become big business and are continuing to gain momentum. The audience for e-sports is growing by 25% a year and, despite its novelty, it is a promising sector for lucrative investment. In Russia, the e-sports market is outperforming even the most optimistic growth forecasts, with audience numbers approaching those enjoyed by sports such as ice hockey and basketball. E-sports were included on the Russian National Register of Sports in 2016, gaining the right to recognition as an official sport. How was this industry established and what is behind its rapid growth? What makes the e-sports market an attractive investment prospect? Could a commercially successful e-sports league be created on the Russian market?
The Digital Agenda as a Factor in Increasing the Competitiveness of the EAEU
The World Bank estimates that by implementing a joint digital agenda by 2025 the combined GDP of the Eurasian Economic Union (EAEU) could add up to 1% in growth annually, create 8 million new jobs, and bring USD 50 billion in savings to businesses. These and other multiplier effects could be the result of EAEU countries joining forces in joint digital projects, as well as coordinating actions and approaches for government policies in developing the digital economy. A key milestone would be the creation of ones own centre of strength in a single economic space a centre to accelerate innovation, attract investment and highly qualified staff, and promote globally competitive production. How can we ensure that such a centre of excellence is established? Construction of proprietary, competitive Eurasian digital assets primarily digital platforms and equitable digital partnerships are some of the possible solutions. The formation of these assets will lay the groundwork for mutually beneficial cooperation with regional and global players, and will help augment expertise and attract and maintain consumers in the EAEU digital space. What could become a driver of improved EAEU competitiveness in the global economy? What are the preconditions for building a competitive environment in the EAEU for Eurasian digital ecosystems? How can integration with the global digital space and expansion of international cooperation in a transforming economy be balanced with maintaining digital sovereignty? What areas of common interest can be identified between interregional and global digital economy initiatives and the plan for the digital transformation of the EAEU?
Digitalization - an Engine for Growth and Inclusive Development
The B20 is a partner group of the G20. It represents the interests of the business community and works to develop concrete proposals for G20 leaders on a consensus basis, with the objective of forming global policy to overcome key challenges. The B20 Regional Consultation Forum is a joint event held with the B20 Chair for 2018, the Group of Six. This Group brings together leading Argentinian business associations: the Argentine Bankers Association (ADEBA), the Buenos Aires Stock Exchange (BCBA), the Argentine Chamber of Commerce and Services (CACS), the Argentine Chamber of Construction (CAMARCO), the Argentine Rural Society (SRA), and the Industrial Chamber of Argentina (UIA). Heads of major companies and business associations, senior representatives of governmental bodies from the G20 nations, and the heads of international organizations will discuss B20 recommendations for G20 leaders. One of the key issues to be addressed is ensuring that the digital transformation becomes a driving force behind growth that is global, innovative, inclusive, and sustainable. What new business models and government policies should be employed to support these changes, including the development of a digital infrastructure, digital literacy, and related skills? How can cooperation between governments and the private sector be promoted to overcome the technological gap and ensure social sustainability and responsibility? The results of the discussion will be taken into consideration during development of the B20s recommendations, which are to be agreed at the B20 summit in Buenos Aires in autumn 2018 before being presented at the G20 summit on 30 November to 1 December 2018.
Putting Russian Economy on a Sustained Path of Growth: Challenges and Solutions
Macroeconomic stability, resulting from a fairly strict monetary and budgetary policy, has secured the foundations for a qualitatively new, high-performing economy. What structural transformations are required to boost economic growth rates? Where can the resources be found to speed up this process? Which budgetary policies will secure trust in macroeconomic institutions, while providing the conditions necessary for accelerated growth? What might act as the next driver of economic growth?
Russia has identified ten key areas for national economic growth, and growth of the small and medium-sized enterprise segment is one of the priorities. The target for the share of small businesses in the economy by 2025 is set at 40%. Over the past years, a number of incentives for entrepreneurship have been designed and introduced, including tax holidays, support programmes, access to procurement initiatives, loans at preferential rates, etc. How can these results be achieved? What measures, within the framework of existing tools, can be used to make business more attractive? Can international experience of promoting entrepreneurship be applied in Russia?
State Strategic Planning
The National Project “Small and Medium-Sized Businesses and Support for Individual Entrepreneurs”
In August 2017 Deputy Prime Minister Arkady Dvorkovich launched a programme to increase
efficiency and productivity in Russian manufacturing. Under the programme, the state will be able to
support businesses in the manufacturing sector with regard to industrial technology and production
efficiency, the removal of administrative barriers, training and professional development, working in
association with banks, and also digitalization/automation. The aim of the programme is to achieve a
significant increase in productivity and efficiency. German businesses, many of which are mediumsized,
are world leaders with regard to efficiency in the manufacturing sector and labour productivity.
So these businesses have a keen interest in cooperating as suppliers of systems and technology,
consultants, and partners in manufacturing and logistics. On the Russian side there is particular
interest in working together with German businesses to share experience, use technology to increase
productivity, upgrade industrial equipment, streamline the process in the overall production chain, and
provide training, professional development, and Digitalization and Industry 4.0. New challenges for
bilateral cooperation against the background of an increasingly unclear sanctions policy. How can we
expand cooperation and increase efficiency and productivity? Ways of bringing Russian suppliers into
global supply networks and increasing exports in the Russian economy. What are the prospects for
cooperation with regard to the digital economy and innovation in manufacturing?
New Investment Policy Mechanisms: Engines of Growth
President of the Russian Federation has decreed the Government of the Russian Federation to ensure that by 2024 the country has one of the five largest economies and the highest economic growth rate in the world, all the while maintaining macroeconomic stability and an inflation rate of 4% or lower. Meeting these challenges will require additional favourable and predictable financial, economic, and regulatory conditions for doing business and attracting long-term private capital for investment projects, including industrial and infrastructure projects. The Government of the Russian Federation is proposing new investment policy mechanisms that ensure those project conditions remain unchanged until the investment has been recouped. Thus, the government will be stimulating cooperation between different sectors, demand for the output of tech entrepreneurs, and the development of the necessary infrastructure for industrial and other projects financed by taxes. Which branches and sectors of the economy will become engines of growth in the near future? What are the possibilities of making individual adjustments for new investment projects through special investment contracts? What are the conditions for attracting long-term private financing for new investment projects, including high-tech production (factories of the future, developmental plants, etc.) and the necessary infrastructure? What are the mechanisms for creating demand for the output of tech entrepreneurs and innovative solutions?
Business to the Rescue: Addressing Social Inequality on a Global Scale
Growing social inequality has long been identified as one of the greatest challenges of modern society, yet no simple solution is at hand. How much does globalization contribute to the deepening of social inequality, which is increasingly manifested on a national rather than interstate level? Are modern businesses acting in ways capable of addressing the long-term needs of society? What financial, taxation, and other reforms can be applied on a global scale to address these concerns? Are new technologies serving as a catalyst for deeper inequality, or can they offer ways of bridging income gaps over the long term? What threat does equality pose if it is unfair?
A Second Life for Banking Assets. New Opportunities for Investment
The book value of the assets of liquidated banks in Russia exceeds RUB 4 trillion. Returning these assets to the countrys economy is an important step for attracting private investment to the regions, creating new jobs, and increasing tax revenues to the budget. What are the problems in evaluating the investment potential of the assets of liquidated banks? What are some of the success stories of industrial projects built on assets acquired from the Deposit Insurance Agency, and what has been the international experience? What is the macroeconomic significance of this sector? What is the current development pathway for working with assets? What financial benefits could acquiring the assets of liquidated banks offer? What are the advantages of participating in auctions for the sale of assets and how does Russian experience differ from that of other countries?
Making Environmental Preservation an Economic Asset
Environmental issues and compliance with environmental legislation are becoming increasingly more important. The illegal emission of pollutants and challenging environmental position of several of the countrys industrial centres have led citizens to insistently express their discontent with the measures taken by supervisory bodies. This has sparked new initiatives to introduce independent public environmental supervision and assessments of existing and proposed facilities. A certain level of ambiguity about the procedure, powers, and liabilities of environmental supervision remains, which could lead to the abuse of powers or, in certain cases, widespread public misinformation. Furthermore, the development of certain industries and the ability of companies to enter highly competitive international markets have in some cases been impeded. This could also serve as a means to maintain the development of domestic industry in key sectors, develop new infrastructure, and maintain Russias energy independence. Does current Russian legislation support the notion of public environmental expertise? What are the official status, rights, and powers of civil eco-activists in Russia and abroad? How is the dialogue between government, business, and the environmental community being conducted today, and what is impeding finding the balance between diverging interests? How are other countries dealing with this challenge? What is the responsibility of environmental activists? Could a federal law on public environmental expertise improve the status of civil eco-activists and ensure impartial public control over the state of the environment?
The Digital Economy and Education: Changing the Paradigm
The transformation of the workplace and education predicated by the development of the digital economy require a revision of the relationship between companies and educational organizations and the establishment of new forms of interaction. These changes are largely linked to the need to address employee displacement and adaptation to new work environments, and they are the source of the shifts taking place in higher education systems worldwide. The new landscape that is taking shape is based on broad public interaction globally, current socioeconomic needs, and the career-related behaviour of talent. Against this background, network-based interaction between education providers and multinational companies is changing fundamentally, resulting in the emergence of new institutions. How will relationships between companies and education institutions develop over the next decade? How will network-based interaction influence the transformation of existing approaches to the partnership between business and education? What influence will companies have on the content and format of educational programmes?
The International Cross-Sectoral Balance and Transport Corridors
The revival of global trade is gathering pace against a backdrop of rising oil prices, with analysts forecasting a 510% increase in demand for container shipments in 2018. New logistical routes are increasingly making use of international transport corridors. In Russia alone, transit container traffic on the Trans-Siberian corridor in 2017 grew by 1.6 times, and by another 30% in the first quarter. Do international transport corridors have an infrastructural reserve? How much additional freight could it cope with? Is it possible to forecast demand for infrastructure using the cross-sectoral balance method? How can the development of international transport corridors be coordinated to account for the global industry outlook? What are the possible cargo traffic plans for the period up to 2025?
The Digital Future in Finance: Battle of the Ecosystems
The speed of change in the digital world sets the pace for competition. To an average user, the smartphone has become a one-stop shop for all services. It used to be enough for companies to do one job well; now they have to transform into ecosystems offering a one-stop shop for all the services their clients need in order to meet and exceed their customers new demands. Companies that started out in other industries (Amazon, Apple, Google, Alibaba) are migrating toward finance. Companies that used to operate exclusively in the financial sector are starting to adopt an ecosystem-based approach and branch out into related services. This approach is becoming increasingly common among Russian companies too. The clash of ecosystems penetrates into every aspect of competition between companies and drives the race for customers, talents and markets. The winner of the race will be the ecosystem that can meet the most customers needs and capture the most of their time. How do ecosystems come to be? What conditions lead to the birth of ecosystems in Russia and abroad? Are they the way to go or merely an attempt to square a circle? Should banks transform into tech companies to remain relevant in the age of ecosystems? How can financial companies avoid seeing their roles reduced to balance sheet providers as more online players with developed interfaces enter the sector? How can a company maintain leadership as an attractive employer and foster a creative environment in the financial industry, which is very much regulated and restricted by definition? What does a company of the future look like? Pursuit of the customer: what opportunities in terms of attracting and retaining customers do big data analytics and machine learning offer to ecosystems? What technologies will shape the future of financial organisations in the next five to ten years and is it reasonable at all to make such long-term projections in a highly dynamic world? Are financial ecosystems more collaborative or competitive? 2020 problem: how will the millenials with their changing habits impact the financial industry?
Business, Science, and Practice: Securing Next Generation Healthcare
Cutting-edge technologies are crucial for achieving breakthroughs in the quality of healthcare and this complex endeavour will take up the coming 1015 years. It requires choosing the right concept, competent researchers, modern laboratories, sustainable financing, and close cooperation with medical centres and patients. University teaching hospitals serve as the source of progressive ideas for the pharmaceutical industry and manufacturers of high-tech medical equipment. Implementing new ideas requires investment by both the public and private sectors and Russia has vast experience of collaborating with socially-oriented businesses to support science. Such collaboration is already advancing cancer treatment for children, the most vulnerable category of patients. It is vital that the results of the research belong to the public and thus are available to patients. Can financing R&D through non-profit funds ensure that new technologies are accessible to patients? How can we guarantee that new, expensive technologies become affordable to the majority of patients? What obstacles are medical scientists facing today? How are other countries promoting the development and introduction of innovative technologies? What is the role of the state in supporting innovative research and is investing in Russian R&D a charitable act or viable business for non-medical companies?
Every day we are witnessing how IT is changing consumer preferences, leading to rapid growth in e-commerce around the world. Russia has an exceptionally large domestic market with high growth potential domestically and also opportunities to expand in cross-border trade, high transit potential, and the potential to increase exports. Outside Moscow and St. Petersburg the growth in e-commerce is being held up by the inadequate development of logistics and information infrastructure, misalignment with consumer behaviour, and high market entry barriers. At the same time, market conditions and capacity, as well as deferred consumer demand, mean that it is possible to estimate the potential for e-commerce growth in Russia at up to RUB 7 trillion. While Russias transit potential is at the very early stages, a model based on consignment warehouses and developing infrastructure for unimpeded trade is being implemented all over the world, which then creates capacity for expanding domestic and international digital services. Who are the front-runners in the Russian and international e-commerce race? Which models, systems, solutions, and services will prevail in the integrated world three years hence? What is impeding the growth and development of international trade, and which barriers must Russia overcome to play an active role in the global digital commerce ecosystem? What is the role of the government in this process?
At present, most developed countries are actively moving towards a digital economy, where the main drivers of development are digital technologies and software. Technology is becoming more complex, and the digital transition is changing the architecture of production, which is having a tremendous impact on the development of industry and the economic growth of a country. Under the pressure of the mighty digital, some industry areas, such as trade, banking, and tourism have already transformed. Now the turn has come for high-tech primary industries, which involve complex production methods, such as the nuclear industry. What are the main trends in digital transition that already exist today? What role will ROSATOM play in the global technological agenda? What is the essence of the digital economy for the nuclear industry? Is it in the nuclear industrys power to become a driver of the development of digital technologies? Is it possible to extrapolate the experience of the digitalisation of the nuclear sector to other industries? What economic effects can one expect from digitalisation?
Exporting Trust: Building Safe Global Digital Infrastructure
The technological future of the world depends on building robust digital infrastructure. Within a few years, all elements of the global critical infrastructure will have become digital. Nevertheless, without security guarantees, digital construction becomes a dangerous gamble. The threats go beyond losing data from a personal computer or money from a bank account. Risks involving digital infrastructure stretch as far as attacks disabling power grids, communications networks, transportation systems, or entire urban systems. Digital space has become a further dimension of real space, just like the Earths surface or the air, with its own infrastructure digital bridges and roads comparable to the ones we walk on. It also contains valuable deposits in the form of data and people are already mining digital currencies at rapid rates. The digital space of the future is attracting the interest of governments, not only because of the riches it contains, but also as a potential new battlefield. Concepts such as digital sovereignty the right of a government to control its own digital space and ensure its security are emerging. Is it possible to create trust zones in the digital space? What challenges lie ahead on the path to creating a secure global critical infrastructure? What can Russia offer? What partnerships are possible in this realm?
The rapid development of digital technology, social networks, and new media has presented professional journalism with a fresh set of challenges. Some predict that news agencies will be transformed into aggregators of information. Who has the right to consider themselves journalists in the modern world? Is there a future for traditional journalism amid so much rapid global change? Will there be any demand for the traditional media in ten years and if so, in what form? How can news agencies ensure they survive? How might artificial intelligence transform journalism in the area of newsgathering? How can on-going changes in the media be used to rapidly disseminate reliable information? What are the threats associated with these changes and how can modern journalism rise to these challenges in the foreseeable future?
The Technological Breakthrough and Spatial Development of the Country
The depletion of traditional models of economic growth based on the extensive exploitation of resources, makes it vital to identify new sources of development rooted in science and technology. For Russia, one of the main challenges is the need to protect, preserve, and develop infrastructure for its vast territory. At the same time, effective and sustainable use of the countrys land is one of the main resources for innovative development. How can this challenge be addressed so that Russias territory becomes one of the factors of economic growth and technological development? What may science offer in this regard, and how may we ensure the necessary mobilization of the countrys intellectual resources, taking into consideration the diversity and specialization of individual regions? What place does Russia occupy both in the world and on the global intellectual (scientific) map?
National technology initiative
Regions of Russia
The National Project “Labor Productivity and Employment Support”
Digitalization Unlocking New Opportunities in Agro-Industry
The latest internet technologies are rapidly changing the landscape for traditional industries. However, across the world, the agro-industry relies on traditional practices, focuses on the social wellbeing of people in rural areas, and demands special attention from the state. Can these factors slow down the transformation of industry? What information and internet technologies are already changing the landscape of agricultural production and what new growth opportunities can technology unlock?
Turning Back the Clock: Political Rivalry vs Economic Interaction
Cold War is the most widespread definition of what is going on between Russia and the West now. Strictly speaking, the notion refers to a certain period of the second half of the 20th century, whose political and economic circumstances are impossible to recreate. The spirit of antagonism, the lack of common political projects and the readiness to up the ante in confrontation something we observe now are the essence of cold war. But this is not the cold war as we knew it before globalization. The current level of economic interdependence, the number of potential adversaries, and such diversity of actors simply did not exist back then. This makes the overall picture much more complicated and non-linear. The role of means of economic impact is growing and economic wars appear on the agenda. This, in turn, undermines the very idea of globalization. How will the political cold war influence the economy and who can benefit from it? Is not the cold war a tool of rebuilding the world economy along the lines of the America First ideology?
1. Centre for Help and Social Adaptation of People with CP and other Disabilities Dream Skies of Sergey Belogolovtsev
2. Private Centre for the Social and Labor Market Adaptation of People with Disabilities Master OK
3. Dobry Gorod Peterburg Foundation
4. 69 Parallel Foundation
Moderator: Susan Li, International Anchor Welcoming address: Georgy Poltavchenko, Governor of St.Petersburg Panellists:
H.E. Faustin Archange Touadera, President of the Central African Republic Ricardo Cabrisas Ruiz, Deputy Chairman of the Council of Ministers of the Republic of Cuba Nguyen Van Binh, Member of the Politburo, Secretary of the Central Committee, Head of the Communist Party of Vietnam Central Committees Commission for Economic Affairs Anton Siluanov, First Deputy Prime Minister of the Russian Federation Finance Minister of the Russian Federation
Public-Private Collaboration in Disaster Risk Mitigation
According to the United Nations, only 4% of the estimated USD 10 billion in annual humanitarian assistance is devoted to preventing disasters, yet every dollar spent on risk reduction saves up to ten dollars in economic losses resulting from disasters. How can policymakers, local government authorities, and the private sector better coordinate and create incentives to increase expenditure on risk mitigation? In which areas has investment in preventative measures been most effective? How is climate change impacting the economics of risk mitigation, and what are some of the priority sectors where publicprivate collaboration can have a significant impact?
Russia and Israel share interests and goals when it comes to join tackling of diseases and appreciation for technology and innovation. Can Russian-Israeli cooperation in healthcare secure the new heights for humanity? Can medical innovation become a profitable area at the Russian market? How can government encourage private development of healthcare? What are Russian and Israeli specific areas of expertise when it comes to treating patients? How would Russian healthcare market look like in 5, 10, 15 years?
Smart Environments: A New Level of Urban Development
Today, the service sector accounts for 70% of global GDP and urban infrastructure plays an increasingly important role in securing its success. Hectic city life demands constant improvement of the comfort level provided by the urban environment. Meanwhile, investment in pedestrian routes, recreation zones, the development of street-based retail and the entertainment industry, transportation links, and the modernization of public infrastructure is creating new jobs and an increase in tourist activity, leading to accelerated economic growth and improved living standards. The modernization of the urban environment has also progressed to a new level, focusing not on improvements per se, but on the creation of an entirely new quality of life. The launch and implementation of the Russian Smart Cities project for the 20182019 period will allow diverse approaches and technologies to be tested, with the aim of rolling out the most effective solutions across the nation. What role will the government, business, and citizens play in shaping this environment? What know-how has emerged in Russia, and what opportunities are available for foreign investment? How can any populated area be transformed into a convenient, lively, active, and economically independent space? How does a city become a pilot city for the Smart Cities project? Can we turn cities smart across the nation or will only a few of them succeed? How could Russia become a trendsetter in the development of urban technologies?
Modern Mechanisms for Promoting Exports on Foreign Markets
Economic growth is directly related to exports. The availability of complex measures and instruments of state support to ensure competitiveness of national products abroad is an important factor in the development of the countrys export potential. What are the main instruments for export promotion offered by the Russian state? What are the advantages of the unified platform for the state support to the Russian producers? What export promotion measures are applied in foreign countries? What are the opportunities for cooperation between state institutions of export support in various countries to implement joint projects in foreign markets?
Are Virtual Service Providers Engines of Growth or Destruction?
The telecoms industry, which for a long time was one of the most profitable sectors of the Russian economy, is stagnating. Given that the mobile economy makes up only 3.8% of Russias GDP (according to the RAEC), market participants are looking for new sources of growth. Currently, many believe that the creation of mobile virtual network operators (MVNO) represents a promising direction of development. They are radically changing the format of relations between customers and companies from a wide range of areas of the economy. Smartphones have allowed consumers to access an entire spectrum of services. These devices are supported by traditional operators. By launching MVNOs, market players can offer their clients unique services directly through the telecoms companys infrastructure and eliminate the intermediary operator. This has given sceptics a reason to assert that an MVNO boom will lead to an imbalance of forces in the market, losses for traditional cellular operators, and a negative impact on the Russian economy. Opponents cite the experience of European countries: MVNOs, which take up to 40% of the market there, promote competition and improve service in various areas of the digital economy. In Russia, where the share of MVNOs is only 2.6%, the mass launch of virtual network operators could transform not only telecoms, but also other sectors of the economy, including banking, industry, the public sector, transport, retail, and other areas. Customers will receive convergent services, and the economy will receive the resources it needs to rejuvenate. Who is right?
Investment Opportunities in the EAEU: Privatization of Government Assets in the Republic of Kazakhstan
Kazakhstan is ranked 35th out of 190 countries in the World Banks Ease of Doing Business index, and ranked first for protecting minority investors. Why is now the best time to invest in Kazakhstan? What is the country doing to attract investment? What is the role of the Kazakh National Samruk-Kazyna Fund one of the 30 leading sovereign wealth funds in the world, with assets of around USD 70 billion? The comprehensive privatization plan for 20162020, approved by the Government of Kazakhstan, includes 876 companies, of which 215 are assets of the Samruk-Kazyna Fund. How robust is the Funds portfolio of companies available for sale? How can foreign investors participate in the privatization of major national assets operating in the energy, petrochemicals, mining, transportation, and logistics sectors?
Taking Responsibility for the Future: A Long-Term Investment Strategy for Business
The concept of sustainable development as a model for economic growth, social equality, and environmental protection was proposed by the UN as far back as the 1980s. Nevertheless, it has only recently become generally adopted business practice and a subject of national and international discussions as it relates to the economic development agenda. The global transformation underway today is both a driver for strategic corporate development and a challenge demanding a long-term and responsible approach. Accessibility of resources, consumer demand, investor pressure, the need to attract and retain talent, the appearance of new markets, and the disappearance of old ones are only some of the factors influencing businesses. All companies must eventually confront the challenges of sustainability. Incorporating the principles of harmonization of management and consumption into business strategies allows companies to reduce costs, establish new consumer bases, as well as attract and develop talent. In addition, companies adopting the principle of sustainable development are setting a long-term goal that reflects on their daily activities and efficiency, inspires consumer and investor confidence, motivates employees and other stakeholders. Is the idea of sustainable development today a responsible approach to management, a fashionable trend, or a competitive strategy? What are the real business advantages of applying sustainable development strategies in Russia and globally? What is the experience of global and Russian companies? Is it possible to calculate the benefits of long-term investments in sustainable development using traditional economic approaches?
Moving from the Knowledge Economy to the Trust Economy
The trust economy is a dialogue on how to resolve contradictions which are reducing the worlds potential for growth: from social inequality to resurgent protectionism. It is also a search for answers to common challenges: technological, demographic, energy-related, and others. Whether Russia will be able to unleash its economic potential depends on what conditions the government can create for effective and innovative business, on which industries and technologies it focuses right now. Trust plays a crucial role. Without it, there can be no investment, transaction costs increase, and this can impede economic growth. It can truly be considered a fundamental economic category. How does a feeling of trust arise? On what is the degree and prevalence of trust in society dependent? How is trust connected with other aspects of societal development: economic prosperity, civil development, and culture? Finally, what are the consequences of high and low levels of trust in the economy and public life?
Media in the Artificial Intelligence Era: A Survival Guide
Today human intellect is supported by an ever-increasing number of digital resources where artificial intelligence is redefining the possible and changing the world. The media and entertainment stand at the very epicentre of this digital revolution, being both its driving force and the industry most susceptible to technological change. Are we ready for the new VUCA world and media landscape? Artificial intelligence is already closing in on its human counterpart: it has won at chess, Jeopardy!, and the Chinese board game Go, and in January 2018 it beat humans in a reading comprehension test. Speech-to-text programmes and text-writing programmes make it possible to automate many of the functions of a journalist a creative profession until now. Bloomberg has replaced some of its news staff with an artificial intelligence program that writes stock news faster and with more flair than humans. Owing to their dynamism, honesty, and sincerity, increasingly popular amateur news sites and blogs are now starting to compete with leading television, radio, and print media journalists. Is the end in sight for professional journalism or will machine learning lead to a shift towards editorial journalism reflecting the authors original views and approaches? Which key trends will affect the structure of media consumption? How have TV habits changed and how will new technologies shape their future? What is the future for media in the era of virtual reality? What should market giants be investing in: quality content or quick popularity? Who will create elite content in the digital economy?
New Areas of BRICS Trade, Economic and Investment Cooperation within BRICS under South Africa’s Chairmanship
On 1 January 2018 BRICS Chairmanship passed to South Africa, which has announced that its key focus will be BRICS In Africa Partnerships With Emerging Economies And Leveraging The Fourth Industrial Revolution To Achieve Inclusive Growth.Participants of this session will discuss South Africas priorities as a Chair, including the Digital Economy, transport infrastructure, supporting youth and women entrepreneurship, cooperation in reducing administrative barriers, developing partnership with the New Development Bank and present successful past and future joint projects both within BRICS, and within Africa.
Gas as an Effective Tool for Achieving the Environmental Targets of the Global Economy
In recent years, the gas industry has opened up major opportunities for global economic development. Natural gas is beginning to provide means for achieving energy security, boosting industrial production, and developing new innovations. The environmental properties of natural gas as a fuel is one of the most important factors in this, giving strength to the argument that natural gas should have a key role in the global energy balance.
Breakthrough Technologies in Medicine: Evolution, Revolution, Organization
Breakthrough innovative technologies offer solutions that are simpler, more convenient, and cheaper. They disrupt the market and displace older players. Today, there are two key trends in healthcare: the first is the evolution of existing and very expensive technologies, often requiring highly qualified specialists to implement them. The second is a revolution of breakthrough innovations based on new physical principles and solutions. For example, simpler reconstructive heart vessel surgery can replace a dangerous and prolonged bypass operation. The use of portable devices for self-monitoring of blood sugar reduces the need for visits to the endocrinologist, while digital technology will give patients the opportunity to manage their health. Creating a balance between expensive and breakthrough technologies allows for the accelerated development of the industry, and this task is the responsibility of the organizers of the public health system. What breakthrough technologies are already having an impact on healthcare today? What breakthrough healthcare technologies will businesses be able to offer tomorrow? What system should the state use to support scientific research? What are the barriers to the introduction of breakthrough technologies, and how can they be overcome? How will artificial intelligence change the roles of the doctor, nurse, and patient? How can an effective relationship between business, regulators, and consumers be established?
Nature-Like Technologies: Responding to Major Challenges
The twenty-first century has presented mankind with a number of major challenges that threaten the sustainable development of civilization. In order to overcome these challenges, new approaches to development must be found and the world must transition to new ways of producing and consuming energy. One of the possible solutions is the development of nature-like technologies, which include technologies that reproduce the systems and processes of living nature as technical systems and technological processes integrated into natural resource management. These are developed and implemented to restore the balance between the biosphere and the technosphere that humans have disrupted. What are the main priorities that have been identified in the field of nature-like technologies? What is the fundamental difference that sets a nature-like technosphere apart? How do large megascience research facilities promote nature-like technologies in Russia? What is the impact of nature-like technologies on the social and cultural challenges facing society? What role does the Kurchatov Institute play in the development of nature-like technologies and how could Russian development institutions support future nature-like developments?
Russian Quality Standard. Ensuring Russia’s Competitiveness in the World
Standardization, certification, and quality control are some of the key government tools for ensuring the growth and competitiveness of national economies, and leadership in international markets. Is Russia ready to participate fully and actively in international certification and standardization? What must be done to ensure the active engagement of Russian companies in these processes? How should standardization and certification be applied to improve the competitiveness of Russias economy, industry, and exports? Can Russia establish a national infrastructure of such quality that it keeps up with other major economies in the competitiveness race?
Global Food Security: Who Will Feed the Planet’s Growing Population?
Rapid population growth remains one of the key issues on the global economic agenda. According to the Department of Economic and Social Affairs under the UN Secretariat, the worlds population will reach 8.5 billion by 2030. This in turn will lead to growing demand for food products, which producers will need to satisfy in the face of climate change, dwindling natural resources, and the large-scale spread of infectious plant diseases. These challenges can also provide an impetus for the development of new technologies in farming, improving soil fertility, and bringing food production to a new level, where food is safe and nutritious. What are the factors that will determine the planets food security over the coming years? Are the key players in the agricultural market ready to face fundamental technological and investment challenges? What could help to meet the growing demand?
Industrial revolutions have always been based on individual technologies: steam engine, electricity, transistor, or the Internet. But in the past years we have witnessed an essentially new paradigm, both daunting and mesmerizing: an exponential rise of technologies across all the industries. Economic modalities shift, human relations evolve, the boundary between the real and the virtual disappears. This is an inflection point that obviously will not last forever. We live in a transitional world. We are moving towards a reality where AI will take up the routine jobs, renewables will replace oil, biotech will resolve the shortage of drugs. Keeping up with the pace of change is difficult. Since 2000, the disruption of conventional business models caused the extinction of a half of the Fortune 500 companies. In the transitional world, the trailing countries are quickly turning into donors of capital for disruptive industries of the leaders. How can states, companies and people not lose themselves on the digital map of the world? How can they adapt to the new realities?
The Russian Capital Market on the Threshold of a New Era
New technologies and regulatory stimuli are helping attract increasingly large numbers of Russian citizens to stock market investment. A quarter of a million new brokerage accounts have been opened within the last year alone. Russians are in possession of significant savings (totalling more than RUB 26 trillion), a significant part of which could now find its way onto the public capital market. International investors have shown no signs of reducing the volume of their Russian market operations, even in the current geopolitical climate. There is a growing need for new placements of debt and equity capital, with Russian companies expanding their business (including small and medium-sized enterprises). Could the retail investor become a source of long-term capital for Russian business, reducing market volatility and its dependence on geopolitical factors? How could the success of initiatives to develop domestic investment affect the perceptions and assessments of the Russian market by international investors? Will collective investments, including citizens pension savings, play a role in this process?
Information Inequality: How to Rebalance the Information Landscape Globally
Todays world is unimaginable without intensive information exchange. Information plays more important role than ever before in decision-making in all aspects of life ranging from daily activities to development strategies. In order for its expanding role to be a success, it is crucial that the information is fair and accurate, and that the entire humankind and all nations can equally contribute to its creation. In the modern world, most sources of information are Western and in English, which reduces the effectiveness of international information exchange. There are many reasons why this is the case and in order to achieve a more balanced development of global information this inequality should be overcome. How can this be done and how can we restore trust in information, making it a true and effective instrument for global progress? How can we make the global narrative reflect the factual state of affairs in the world, reflecting the points of view of different countries and global powers in a fair and balanced way?
RussianItalian economic and trade cooperation is one of the main driving forces in the EURussia economic relationship. This is particularly evident in the current strained geopolitical situation and the on-going restructuring of the global economy. At the same time, the full potential of RussianItalian cooperation has not yet been realized. A key area for exploration is the transition from trade in goods to joint manufacturing, including for third-country markets. Participants at this roundtable the leaders of major companies and financial institutions from both countries will advance the quest for new ways to expand mutually beneficial cooperation.
New Platforms for Cooperation between China and Russia: Prospects for Development
The bilateral relationship with China is one of the key building blocks of Russias foreign policy strategy. Despite the volatile geopolitical environment, bilateral contacts enjoy continuous sustainable development in a number of areas. Most recently, alongside the traditional areas of collaboration such as energy and forestry, bilateral links are gaining momentum in the IT, telecommunications, media, and agro-industrial sectors. It is these fields that hold the promise of new areas of growth in RussianChinese relations. What might facilitate more effective cooperation in the new areas of growth? What are the challenges that Russia and China might face in this process?
Revolutionary Management Approaches Redefining the Organization of the Future
Arguments over how best to organize operations of major companies have been going on for decades. In an era of agile organizations, dynamic growth can be best achieved by nurturing talent. How are todays market leaders combining stable development with rapid growth and creating a modern and functional model? What should be the strategy of leaders in prioritizing talent? What steps should businesses take to transform their employees into drivers of change?
Infrastructure of the Future: How should Business and the Authorities Adapt to the New Environment?
2030. Two thirds of the planet population live in big cities where sensors control street lighting and safety in residential districts, transport is charged with drones in motion, and a human being on the way to work in a driverless car gets a doctors consultation while looking through a message warning that the turbine cooling system at the plant he is in charge of will soon go out of order. The automatic data exchange and the development of new algorithms for their analysis, communication among people and things, autonomous intellectual management systems and industrial interaction schemes are key processes supporting the new digital infrastructure. What information networks and cybersecurity level will be required to manage such a system? How will the business model of energy companies change? Will the B2C insurance system disappear? What policy should governments pursue to regulate and maintain the smart infrastructure? What should instruments of financing such infrastructure be like? What new businesses will appear in the new landscape?
The New Energy Agenda and Russia’s Global Leadership
The tightening competitive landscape for capital, technology, and market access in the global energy sector demands that energy companies undertake additional efforts to remain competitive and attractive to international investors. Developing and introducing new technologies is not about following a trend; it is a fundamental requirement. Competition between different forms of fuel, power engineering, distributed generation, the EOR method, and digitalization are complex processes that will determine the energy agenda of the future. The key challenge facing Russia in the energy sector is creating the right conditions to implement the full technological cycle, from the development of technology to its implementation and commercialization. How can Russia take the leading position in a race in which non-economic competition plays an increasingly important role? How can Russia retain its technological independence and ensure accelerated development?
Big data, automation, artificial intelligence, and in-depth analytics these terms used to be the prerogative of science fiction but have now become the central elements of predictions about the future economy. It is forecast that the technologies of the Fourth Industrial Revolution will add up to USD 3.7 trillion to the global economy, bringing new products and services to the market, and also helping protect the environment. How can the real sector benefit from innovative transformations? What initial successes have already been achieved? What are the main barriers to a breakthrough? What competencies need to be developed, and how can a decision be made to introduce breakthrough organizational and technological models? Which companies are demonstrating notable productivity gains by integrating big data and AI into manufacturing systems?
Transformations of the Competitive Landscape: Antimonopoly Regulation in a Digital Economy
The digital economy is presenting new challenges to antitrust authorities across the globe. Most of the worlds competition authorities are now faced with the need to re-evaluate their approach to the markets of the new economy as digital giants aggregate enormous pools of data. How can the market situation be assessed, what approaches and mechanisms can be used in this dynamic environment, and most importantly, how is competition itself being transformed? How is industry reacting to the new trends, and how can a new equilibrium be achieved between innovation in industry and antitrust control?
Libya’s Reintegration into the International Economy: Opportunities for Cooperation
After four years of recession, between 2017 and 2018 Libyan economic growth doubled primarily as the result of the nation utilizing its oil and gas potential. While still a long way from attaining political stability, the country is nonetheless attracting the attention of some of the biggest international corporations. As Libya reintegrates into the global economy, the demand for projects in energy, construction, medicine, agriculture, and education is increasing. European and Russian companies are seeking opportunities to restart projects, which were being implemented prior to the 2011 revolution. Success and stability of Libya is important to both the European Union and Russia. What prospects are there for Russian and international companies making a return to the Libyan market? What areas of business cooperation will take priority at this new stage in establishing bilateral contacts? Can Russia and Libya return to their previous level of trade and economic cooperation and capitalize on the current relations?
A New Philantropic Ecosystem to Underpin Sustainable Social Development
Today, the philanthropic sector is undergoing a large-scale transformation. While charitable organizations are playing an increasingly important role, social initiatives by organizations at the local level are becoming increasingly crucial in areas where the state does not have the necessary financial or operational resources. The private sector is pioneering new ways of demonstrating its social responsibility, and the role of technology as a tool for increasing the effectiveness of all participants in social initiatives is growing. Another trend is the formation of new approaches, such as social investing and social crowdfunding, among other innovations. What is the modern trajectory for the development of social engagement in Russia and globally? What problems do traditional and new participants in social initiatives face today? What social initiatives are in pressing need of funding? Can Russia develop a culture of social responsibility that meets modern standards? What trends will determine the continued development of socially oriented practices?
The Transformation of Public and Private Sectors in the New Economy
The on-going digitalization of both government services and private enterprises promises greater efficiency and transparency, and offers a foundation for the introduction of new, transformative, innovative products and services. How is digitalization changing business models in both the public and private sectors? Which countries and regions are aggressively adopting digitalization strategies and which are playing catch-up? What challenges remain for the public sector in meeting the demand for modernizing the delivery of services?
Made in Russia: National and Regional Branding as Tools for Economic Development and Promoting Russia around the World
National and regional branding is an important aspect of Russias economic development. Numerous initiatives have emerged at both the federal and regional levels in recent years, but they have failed to produce significant results on a national scale. The lack of a comprehensive approach to marketing the country is resulting in inefficiency, the waste of public money, as well as duplication of work and services associated with promoting both individual industries and general humanitarian ideas. To address these goals, Russia needs a combination of effective measures to establish an overall national communication strategy, a national Made in Russia brand campaign, and an IT platform to promote Russias manufacturing, export, tourism and cultural potential, as well as its human capital. How can all these be combined in order to achieve a national communication strategy? What role can national brands play in boosting Russias economy? How can a national brand be made a source of investment? How should national and regional brands help the development of the economy, and how can effective cooperation between regions to promote the country be supported? What soft power tools does Russia need as part of its national communication strategy?
New innovations in manufacturing technology, shifts in demand and consumption behaviour, coupled with new logistics platforms are reshaping global supply chain strategies. What is the role of Industry 4.0 in redrawing supply chain maps, and who are the players pioneering innovations? Which sectors are going to be most dramatically impacted by potential shifts in global supply chains, and how is this creating new investment opportunities? How is the «One Road One Belt» initiative changing the transportation of goods and services, and what technological advances are delivering systemic efficiencies? How might new protectionist pressures disrupt global supply chain management?
In 2017, the number of international tourist arrivals globally increased by 7%, reaching its highest level in seven years, while the size of the global market exceeded USD 1.2 trillion. This illustrates the importance of tourism in increasing non-commodity exports. Inbound tourism to Russia has increased by 123% since 2001, and the potential for growth remains very high. Securing growth in the sector is critical, especially as the country strives to increase the volume of non-commodity exports to USD 100 billion over the coming six years. What infrastructure, organizational, and business solutions are required to make Russia a sought-after tourist destination? How can new tourists be attracted and the number of repeat visits to the country increased? What should Russia do to widen its presence in traditional tourist markets and enter new ones?
Regions of Russia
Made in Russia
The National Project “International Cooperation and Exports”
Around 400 Swedish companies have representative offices and branches in Russia. Volvo, Scania, Oriflame, ABB, and Tetra Pak are some of the brands that are developing their own production networks, while IKEA is the largest private investor in Russia. The presence of Swedish businesses in Russia continues to expand. At the end of 2017, AstraZeneca, the Russian Ministry of Industry and Trade, and Kaluga Region signed an investment agreement, providing for AstraZeneca investment of a further RUB 1 billion in upgrading its Russian facility and technology transfer to manufacture drugs to treat diseases that have a high impact on society. Advancing dialogue at the intergovernmental level and removing obstacles to regular contacts is strategically important for the growth of economic links between the two countries. What measures are necessary to support and accelerate the development of collaboration between Russia and Sweden? What more can the national government and regional authorities do to encourage Swedish companies to continue to invest in Russia? How can the digital transformation of business improve efficiency?