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 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, 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 133 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 70 countries worldwide.

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News
24.04.2020

Regional Support Measures for Businesses During Epidemiological Isolation: online conference conclusions

The Roscongress Foundation hosted an online conference titled Regional Support Measures for Businesses During Epidemiological Isolation. The event was co-organized together with The Foreign Investment Advisory Council (FIAC) and supported by EY.

The conference brought together representatives of the Ministry of Economic Development, Ministry of Industry and Trade, administrations of Samara and Belgorod regions, Krasnodar territory, the city of Moscow and Moscow region, as well as business community representatives. The participants discussed federal support measures and regional experience in helping businesses during the coronavirus pandemic.

Alexander Ivlev, CIS Managing Partner, EY; Foreign Participant Coordinator, Foreign Investment Advisory Council (FIAC) in Russia believes the choice of support measures must be informed by the fundamental global tendencies, such as protectionism growth, oil prices decrease, currency exchange rate volatility, and the spread of coronavirus.

«Businesses today face new challenges and the government’s primary task is to make sure businesses can remain successful, or at times simply survive. Among the instruments mentioned I would single out tax breaks, stimulation packages for real estate owners, various credit options, and unique local solutions in particular regions,» he mentioned.

In April, the Government of the Russian Federation designed a plan to overcome the economic consequences of the COVID-19 pandemic through supporting integral enterprises and businesses, preventing bankruptcies, and supporting the population income level (full document is available in the Roscongress Information and Analytical System).

According to Nikita Kuznetsov, Director, Domestic Trade Department, Ministry of Industry and Trade of the Russian Federation one should not expect a speedy recovery once the virus-related limitations are over. «We are staring into the face of grave changes in consumer behavior and we expect the economy to shift accordingly,» Mr. Kuznetsov elaborated.

Regional government representatives shared their practices in support businesses that include tax and financial breaks, refinancing programmes, expanding the list of industries qualifying for regional support, partial reopening of retail once the sanitary situation allows it, and employment support. Vadim Khromov, Deputy Chairman, Moscow Region Government shared their regional experience in working together with the banks in expanding banking products that allows bypassing standard procedures and help entrepreneurs on a case by case basis.

Representatives of the business community talked about their experiences. Alexey Grigoriev, Head of Moscow Representative Office, METRO AG talked about the need to unify the rules concerning mobility permits, control thereof, and strengthen interdepartmental communication that concerns them. Vitaly Bogachenko, Corporate Affairs Director, LafargeHolcim called upon the regional governments to remember about the entire supply chain when making a decision to shut down a particular industry branch. He also pointed out that it could be useful to organize a unified call-centre on doing business during a pandemic where entrepreneurs could address their questions.

Full broadcast is available at Roscongress TV YouTube channel and on the official Roscongress page on Facebook.

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