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 188 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

Is the event infrastructure worth investing?

Construction of new modern congress and hotel infrastructure will not only attract large volumes of investments to the region, but also stimulate the development of the event industry. This in return will help strengthen the local and national economy. Since recently, Russia has hosted multiple international events: the Olympic Games, the FIFA World Cup, international summits. Residents and guests of Russian cities witnessed much transformation and changes in infrastructure. Airports, railway stations, highways and junctions, stadiums, hotels, and convention centers were built in major Russian cities. Notably, considerable changes have come not only to Moscow or St. Petersburg but to far regions of the country as well. The publication cites examples of such transformations in Ufa, Yaroslavl, Chelyabinsk, and other cities to demonstrate how infrastructure changes can act as a driver for increasing productivity and investment appeal.

It’s hard to overestimate the impact of the event infrastructure on the region’s economic and social parameters (attraction of investments into the region, increased revenue of market players, multiplicative economic effect in related sectors, etc.), on its image and promotion (better region’s brand recognition worldwide, improved status of the region as a cultural, business, and innovation center, etc.), and on contacts and business (increased number of contracts and the total sum of contracts signed during and after the event, new participants on the industry market, export of products and services, etc.).

The best venues are developing as rapidly as the event industry itself. Today, the demand is the highest for unusual places to host an event and for all kinds of technological innovations. The main trends here are: using unconventional venues, promoting brand recognition at venues, employing cutting-edge technologies in event formats and in interpreting, etc.

The publication cites opinions of industry professionals about the relevance of event infrastructure and about its specific features in Russia and in other countries, such as Germany, China, and Japan. Specially for the opening of the Eastern Economic Forum the authors prepared materials on the event infrastructure in Primorsky Krai and Kamchatka. Besides, the publication provides rankings of the largest exhibition and convention complexes in Russia and globally, and gives opinions of industry professionals on some specific burning issues such as criteria for selecting a venue, methods of assessing the effectiveness of a venue, developing venues, their pricing and product strategy, etc.

Analytics on the topic