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

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, 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.

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 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 173 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 78 countries worldwide, and 179 Russian public organizations, federal and legislative agencies, and federal subjects.

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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Analytical digest

Russia through a lens

The 13th issue of Russia Through a Lens is focused on current trends in the Russian economy and presents Russia’s main macroeconomic indicators for 4Q 2018.

The data published in the Russia in Figures section show that the dynamics of economic activity indicators were in line with the forecast of the Bank of Russia that expects GDP growth of 1.5-2 percent in 2018. In October, the growth accelerated to 2.5 percent. The Deloitte experts believe that the increase was primarily due to an acceleration of agricultural and industrial production and a growth in the volume of construction work.

In the period from January to October 2018, foreign trade turnover increased by 20% year on year; exports increased by 28.2%, and imports by 7.3%. The publication also provides a breakdown of export and import figures for various categories of goods.

Citing the Central Bank of Russia, IEF RAS, the Ministry of Economic Development, and the Economist Intelligence Unit as sources, Deloitte gives forecasts for currency rates and the Central Bank’s key rate up to 2020.

Inflation rate in 2018 was slightly higher than forecast and reached 4.3%. The share of external debt in reference to GDP has decreased from 33% to 29%. Household finances demonstrate steady levels. According to data provided by Rosstat, average monthly nominal salary has increased, as well as the volume of mortgage loans in rubles and other individual loans.

In addition, the Russia in Figures section provides pricing dynamics for main commodities, such as nickel, copper, gold, aluminum, oil, and gas.

The Research Centre section of the journal offers the results of a survey of Chief Financial Officers (CFOs) of leading Russian companies. The respondents were asked to assess the financial situation in their company in 2018. In 2H 2018, the expectations of CFOs regarding financial prospects of their companies became more pessimistic. Many respondents expect that operating costs in their company will grow while revenues will decline. The journal also reviews current HR strategies and development strategies and offers insights into CFO social media personality profiles.

The Russian Manufacturing Sector section of the journal describes the current state of the sector and gives an outlook for its development. Expectations regarding the manufacturing sector’s outlook are generally positive though somewhat subdued when compared to the previous year.

The journal also contains an overview of the steel and iron ore market. According to the World Steel Association, global steel production and consumption growth continued in 2018, albeit not as rapidly as before. However, the growth in 2018 was faster than in 2017. The current trade policy creates risks for the forecasts, mainly associated with the US trade tariffs.

The final section of the journal lists Top 5 Mergers & Acquisitions of Russian companies and gives a digest of global news.

Analytics on the topic