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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Russian Pharmaceutical Market Trends in 2018

According to the results of the study, Russia comes in 14th place in the world by pharmaceutical market size. In 2017, the pharmaceutical market grew by 7.9 percent in ruble terms. The growth was mainly driven by sales increasing in unit terms and a shift toward more expensive drugs. With pharmaceutical imports almost 15 times higher than exports, Russia became a net importer of medicines in 2017. Moreover, imports grew faster than exports in 2017.

As for market sentiment, the participants of the pharmaceutical market are mostly positive about its current state. The respondents of the survey carried out by Deloitte CIS named restricted admission to the public procurement system for imported drugs along with incentives for Russian pharma companies as main tools for reducing drug imports on the Russian market. It is expected that these measures will push down the share of imports by 5 percent in monetary terms.

Also, pharmaceutical companies voice their demand for a more efficient regulation in the spheres of medicine pricing, regulation of the online market for medicines and healthcare services, and public procurement.

According to the results of the survey, 60 percent of pharmaceutical companies expect an average growth of 10 percent in ruble terms in 2018. Almost half of the respondents (48 percent) expect to see operating costs grow by 7 percent on average while another 40 percent anticipate an average decrease of 10 percent.

Experts forecast that track-and-trace technology will have a positive impact on the pharmaceutical sector. Every fifth company (21 percent) has already purchased track-and-trace equipment.

Shortcomings of government regulation, insufficient purchasing power of households, and heightened importance of geopolitical risks are cited as main obstacles which pharmaceutical companies are likely to face in 2018.
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