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

The Roscongress Foundation – a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and sporting, public, and cultural events.

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 126 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 69 countries worldwide.

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Research
12.02.2019

Economic Health of the Russian Regions: Current Level and Changing Dynamics

The Roscongress Foundation and the Expert RA rating agency, which is serving as an intellectual partner at the Russian Investment Forum Case Zone, will present the study ‘Economic Health of the Russian Regions: Current Level and Changing Dynamics’.

The study makes it possible to differentiate Russia’s regions based on their current level of economic development (status map) and changes in the regional economy (dynamic map), i.e. it helps to visually see which regions are experiencing positive dynamics and which ones are deteriorating.

The study is based on the regional economic health index. The index is used due to a significant lag (more than a year and a half) in the time it takes to publish data on GRP (gross regional product) as well as the existence of a large array of regional data: the index uses operational (monthly) data on the situation in regions published by the Russian Federal State Statistics Service (Rosstat), the Ministry of Finance of the Russian Federation, the Russian Central Bank, and the Federal Tax Service of Russia. The index consists of three main groups of indicators that are used to assess the economic health of the population of the regions, regional business, and the consolidated budget of a region. Each group contains 3-4 key indicators.

There is currently a high degree of differentiation in the development of Russia’s regions. There continues to be a gap between the values of key metrics (the wellbeing of the population, the state of business, and a region’s consolidated budget) in regions with high and low levels of development. The current level of development is rated as high in 12 regions, above average in 20 regions, and average in 19 regions. The current level of development in 20 and 14 regions is rated as below average and low, respectively.

This year, the index values improved in the overwhelming majority of Russian regions. In particular, positive trends (i.e. a significant improvement in indicators) were seen in 29 regions, while 36 regions showed moderately positive trends. Neutral indicators were recorded in 14 regions. Moderately negative dynamics were seen in 6 regions. On results of the current year, there were no regions in which the key indicators integrally demonstrated significant negative dynamics.
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