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, helps foster social entrepreneurship and charitable initiatives, and supports the development of the Friends for Leadership international youth movement, which is working to implement the UN Sustainable Development Goals.

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 163 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 76 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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Finance leaders respond to the latest developments of COVID-19

In recent days, some countries began to see a slowdown in new cases of the novel coronavirus, whereas others neared or reached their peak, and still others were in earlier stages of outbreak. Reflecting this disparity, movement is still highly restricted in many parts of the world, with lockdowns being implemented and extended. But countries such as Austria, Denmark and the Czech Republic announced plans to gradually lift restrictions in the coming weeks; China relaxed its lockdown of Wuhan on 8 April.

At the same time, numerous governments have announced or adjusted relief packages, for example, the US CARES Act, the EU Coronavirus Response Investment Initiative, Germany’s €1.1tn (US$1.1tn) coronavirus crisis package, the UAE Central Bank’s doubling of its stimulus package and extension of debt relief, and KSA’s decision to cover 60% of Saudi salaries to avoid contract termination.

Finance leaders are taking stock of these and other developments. Some are making moves that suggest a cautious optimism about their company’s trajectory. Others are still clearly in the early stages of crisis response, not yet thinking about strategies for recovery. Either way, most CFOs continue to watch the situation unfold with concern about their ability to best serve their employees, customers and other key stakeholders.

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