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 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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For some – a trade war, for others – profits: Ferrous metals are resisting falling prices, maintaining the creditworthiness of the industry

In 2018, the trade wars between steel producing countries kept steel and raw material prices from falling. Nevertheless, from 2019 through 2023, ACRA expects a decrease in prices for these products. Support will be provided by the growth of supply of raw materials for the ferrous metal industry. Concurrently, the commissioning of new steelmaking facilities in the Asia-Pacific region will continue, which could lead to a decrease in the global facility load.

Steel production in Russia is likely to exceed the 2014 level and reach a record high by 2023 due to an increase in new residential building. The expected foreign policy pressure on Russian currency will lead to a growth in coking coal exports, as well as billet and slab exports. The growth in rolled steel prices in Russia’s domestic market will halt.

A separate section of the publication is devoted to the issue of a possible tax increase on metallurgical and chemical enterprises of the metallurgical sector suggested in the letter from Andrey Belousov, Assistant to the President of Russia. After Belousov’s letter was published, companies in the metal industry decided to step up their investment programs.

Nevertheless, the experts believe that Belousov’s plan is unlikely to lead to a boom in investment in the Russian metal industry. Despite a possible slight increase in the capital costs of individual companies, the industry debt load is expected to remain at a low level.

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