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
14.02.2019

Ratings of Socio-Economic Development of the Constituent Entities of the Russian Federation in 2017

Russia is notable for an extreme non-uniformity of economic development. Regions of Russia vary in size, climatic conditions, and time zones, which poses different challenges to regional authorities. The Ratings of Socio-Economic Development of the Constituent Entities of the Russian Federation provide a basis for assessing the regions’ investment appeal and a reference point for identifying challenges that shape the regions’ further development paths. The research is based on official statistics from open sources and was conducted for the eighth time.

The socio-economic position of the constituent entities of the Russian Federation is determined by two groups of factors. The first group is composed of objective factors — ranging from availability of natural resources, historically established infrastructure, and natural and climatic conditions to the mentality of local people. The second group comprises subjective factors, such as regional strategies, economic policies, and business environment. Notably, the factors of the second group can either contribute to the region’s rating or inhibit its growth. If regional authorities use the available natural resources wisely, the region performs well. If the economic policy is deficient, the region’s rating will fall, despite all the objective advantages the region might have. For this reason, it’s essential that the region’s benefits are used efficiently.

The ratings are calculated by aggregating key indicators of regional development. For each region, the rating reflects its individual level and highlights disproportions in its social development. Besides, such ratings increase transparency of federal and local authorities, as well as of local businesses, which ultimately has a positive impact on regional development.

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